Sahasra Electronic Solutions will hold a meeting of the Board of Directors of the Company on 21 November 2024Powered by Capital Market - Live

Sahasra Electronic Solutions will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

Sahasra Electronic Solutions announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 11 November 2024 .Powered by Capital Market - Live

Sahasra Electronic Solutions will hold a meeting of the Board of Directors of the Company on 10 October 2024.Powered by Capital Market - Live

The scrip was listed at Rs 537.70, a premium of 90% over the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% compared to its listing price. The counter hit a high of Rs 564.55 and a low of Rs 537.70. About 30.44 lakh shares of the company changed hands at the counter. Sahasra Electronic Solutions' IPO was subscribed 113.62 times. The issue opened for bidding on 26 September 2024 and it closed on 30 September 2024. The price band of the IPO was set at Rs 269 to Rs 283 per share. The issue size comprised of fresh issue of 60,78,000 and offer for sale (OFS) of 5,00,000 shares by existing shareholders. The promoter and promoter group shareholding diluted to 69.90% from 95% pre-IPO. The company intends to utilize the net proceeds towards installation of additional plant and machinery at new manufacturing facility situated at Rajasthan, to invest in subsidiary, Sahasra Semiconductors for financing its capital expenditure requirements in relation towards installation of additional plant and machinery, to meet working capital requirements and for general corporate purpose. Ahead of the IPO, Sahasra Electronic Solutions on 25 September 2024, raised Rs 55.03 crore from anchor investors. The board allotted 18.74 lakh shares at Rs 283 per share to 26 anchor investor. Sahasra Electronic Solutions is a company that designs and manufactures electronic systems. The company provides product and solutions right from printed circuit board (PCB) assembly, Box Build, LED lighting, Memory, IT accessories, computer and IT hardware. In FY 2024, the company exported more than 80% of its products and solutions to global manufacturers in countries like the USA, Rwanda, Tunisia, the UK, Germany, Canada, Austria, and Belgium. As on 31 March 2024, the company had 160 employees. The company recorded revenue from operations of Rs 101.15 crore and net profit of Rs 32.62 crore for the period as on 31 March 2024. Powered by Capital Market - Live