IPO Details
Bidding Dates
31 May '23 - 02 Jun '23
Minimum Investment
₹135,000 / 1 Lots (1000 Shares)
Price Range
₹132-₹135
Maximum Investment
₹135,000 / 1 Lots (1000 Shares)
Retail Discount
Not Applicable
Issue Size
₹32.74 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |Sahana System IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
May 31, 2023
IPO Closing Date
Jun 2, 2023
Basis of Allotment
Jun 7, 2023
Initiation of Refunds
Jun 8, 2023
Credit of Shares to Demat Account
Jun 9, 2023
IPO Listing Date
Jun 12, 2023
UPI Mandatory Expiry Date
Jun 2, 2023
Sahana System IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1May 31, 2023 |
0.16 | 1.48 | 0.89 | 1.10 |
Day 2Jun 1, 2023 |
1.16 | 2.60 | 3.14 | 2.69 |
Day 3Jun 2, 2023 |
1.16 | 2.72 | 4.42 | 3.30 |
Sahana System IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 1.16 |
| Non-Institutional Investors | 2.72 |
| Retail Investors | 4.42 |
| Employees | [.] |
| Others | [.] |
| Total | 3.30 |
About Company
Sahana System Ltd. is an India-based IT company offering a range of services involving web app development, mobile application development, AI & ML development, UI/UX Design, SEO & ASO, digital marketing, cyber securities and IT services outsourcing, etc.
It operates primarily in two business lines: IT services and hardware trading.
The company caters to industries including healthcare, surveillance, retail, restaurant, education, e-learning, banking, media & entertainment, fintech etc.
Sahana System Limited IPO Details
Retail investors can bid for the Sahana System Limited IPO that will open on May 31, 2023. It is a 100% fresh equity share IPO containing 2,425,000 shares worth Rs. 32.74 crore.
The upper and lower limits are respectively fixed at Rs. 132 and Rs. 135 per share.
The initial public offering will list on the NSE exchange on June 12, 2023.
Sahana System Limited IPO Objective
The objectives of Sahana System Limited's IPO are listed below.
- To spend on instaling new EV stations
- Meet the working capital requirements and general corporate purposes
- To meet issue expenses
Should you invest in Sahana System Limited?
Here are a few important reasons to consider before investing in the IPO:
- The company is diversifying into the EV segment by undertaking projects to install EV charging stations. It has signed a tripartite agreement with NREDCAP, a government agency, as an empanelled partner.
- The company offers a diversified product portfolio that includes IT services and hardware trading.
- The end-to-end IT service covers each stage of the business life cycle.
- The company’s international client base is spread across Argentina, Saudi Arabia, America, and Canada.
Competitive Peers
There is no comparable peer company listed in India engaged in the same business line. Hence, a strict comparison is not possible.
Highlights of Sahana System Ltd.
- The contribution from the top 10 customers in revenue from operations in the last three fiscal years was 74.33% in FY21, 91.46% in FY22, and 82.68% in FY23.
Sahana System Company Financials
| Particulars | Year ending on March 31, 2023 (₹ Lakh) | Year ending on March 31, 2022 (₹ Lakh) | Year ending on March 31, 2021 (₹ Lakh) |
|---|---|---|---|
| Revenue from Operations | 2414.23 | 1,217.39 | 331.47 |
| Profit After Tax (PAT) | 639.64 | 141.18 | 16.44 |
| PAT Margin | 26.49% | 11.60% | 4.96% |
| EBITDA | 967.46 | 277.70 | 84.30 |
| EBITDA Margin | 40.07% | 22.81% | 25.43% |
| Debt-to-Equity Ratio | 0.44 | 1.13 | 41.47 |
| EPS | 11.48 | 2.54 | 0.30 |
| ROE | 83.52% | 60.14% | 178.31% |
Know before investing
Strengths
3-
It offers end-to-end IT services.
-
It’s a CMMI Level 3 company.
-
Sahana System has received several awards and accolades.
Risks
3-
The company operates in a highly competitive and fragmented market with many players.
-
The company was founded in 2020. Hence, there isn’t enough financial data on which to base investment decisions.
-
The company has no experience in the business of installing EV charging stations.
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Sahana System IPO FAQs
The Sahana System Ltd. IPO contains 24.25 lakh fresh equity shares for Rs. 32.74 crore. The price band is fixed at Rs. 132-135 per share, and the bidding window will open on May 31, 2023.
The Basis of Allotment will happen on June 7, 2023
The lot size for Sahana System Ltd. is 1000 equity shares for one lot.
The IPO subscription window will open on May 31, 2023.
Retail investors can apply for a minimum of one lot.
Sahana System Ltd. IPO will list on the NSE exchange on June 12, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Validate with an OTP.
- Enter your application number, DP ID, and PAN number into the app
- Click on ‘Submit’
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is June 12, 2023, for Sahana System Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
The minimum order size for the Sahana System Limited IPO is 1000 shares per lot.
