Listing Details
- Listing Exchange NSE SME
- Listing Date 12-Jun-23
- IPO Price Range ₹ 132 to ₹ 135/share
- Listing Price ₹ 163
- Listing Change 20.7%
- Last Traded Price ₹ 270
- Current Change 100.0%
Sahana Systems IPO Details
- Open Date 31-May-23
- Close Date 02-Jun-23
- Lot Size 1000
- IPO Size ₹ 32.74 Cr
- IPO Price Range ₹ 132 to ₹ 135/share
- Min Investment ₹ 132000
- Listing Exchange NSE SME
- Basis of Allotment 07-Jun-23
- Refunds 08-Jun-23
- Credit to Demat Account 09-Jun-23
- Listing Date 12-Jun-23
Sahana Systems IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 31 May'23 | 0.16 | 1.48 | 0.89 | 1.10 |
| 1 June'23 | 1.16 | 2.60 | 3.14 | 2.69 |
| 2 June'23 | 9.70 | 6.41 | 12.97 | 9.53 |
Sahana Systems IPO Synopsis
Sahana System Limited is a business offering IT-related services its IPO opens on 31st May and closes on 2nd June.
The issue consists of a fresh issue of 2,425,000 shares. The price band for the issue is fixed at Rs.132 to Rs.135 per share. The lot size is set for 1000 shares per lot. The shares will be allotted on the 7th of June and the issue will be listed on the 12th of June on the stock exchanges.
The book running lead managers to the offer are Unistone Capital Pvt Ltd and Interactive Financial Services Ltd.
Objective of Sahana System IPO
The company intends to utilize the proceeds of the issue to meet the following objects:
● To meet the working capital requirements
● Installation of EV charging Station
● General Corporate Purposes
● To meet the issue expenses
About Sahana Systems
Sahana System Limited" is engaged in the business of offering IT-related services. These include services like web app development, mobile application development, AI & ML development, ChatBot development, and product prototyping.
Further, the company also offers graphics designing, UI / UX design, SEO & ASO, digital marketing, website & application migration, cyber security, and outsourcing of IT services.
For More Information:
Check out Sahana System IPO GMP
Sahana Systems Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 1,217.39 | 331.47 | 627.86 |
| EBITDA | 277.70 | 84.30 | 77.00 |
| PAT | 1021.86 | 309.06 | 618.66 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 1,498.91 | 772.93 | 843.34 |
| Share Capital | 309.53 | 1 | 1 |
| Total Borrowings | 1498.91 | 772.93 | 843.34 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 29.08 | (8.32) | (459.26) |
| Net cash from / (used in) investing activities | (31.34) | - | 370.90 |
| Net cash flow from / (used in) financing activities | 11.27 | 5.17 | 91.13 |
| Net increase (decrease) in cash and cash equivalents | 9.01 | (3.15) | 2.78 |
Sahana Systems IPO Key Points
-
Strengths
a) End-to-end IT services
b) Quality of services
c) Certifications, Awards and Accreditations
d) Leveraging the experience of our Promoter
-
Risks
a) One of the Objects of the issue is for installation of an EV charging station in which promoter has no experience
b) The company was unable to procure confirmed order from New & Renewable Energy Development Corporation of Andhra Pradesh Limited (NREDCAP) for the purpose for which funds are being raised from this Issue
c) The Secured Loan from Tamilnad Mercantile Bank Limited (TMB) is not transferred by the bank from partnership to its company name
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Please keep below documents handy:
- PAN Card
- Aadhar Card
- Bank Account Number
Sahana Systems IPO FAQs
What is the minimum lot size for the Sahana System IPO?
The minimum lot size for the Sahana System IPO is 1000 shares.
What is the price band of the Sahana System IPO?
The price band of Sahana System IPO is Rs. 132- Rs.135.
When does the Sahana System IPO opens and closes?
The Sahana System IPO opens on May 31, 2023 and closes on June 2, 2023.
What is the size of the Sahana System IPO issue?
The Sahana System IPO comprises of a total issue of equity shares aggregating to ₹32.74 crores.
What is the allotment date of Sahana System IPO?
The allotment date of Sahana System IPO is 7th June 2023.
What is the Sahana System IPO listing date?
Sahana System IPO listing date is 12th June 2023.
Who are the book runners for Sahana System IPO?
Unistone Capital Pvt Ltd and Interactive Financial Services Ltd are the book runners of Sahana System IPO.
What is the objective of Sahana System IPO?
The company intends to utilize the proceeds of the issue to meet the following objects:
● To meet the working capital requirements
● Installation of EV charging Station
● General Corporate Purposes
● To meet the issue expenses
How to apply for the Sahana System IPO?
To apply for the Sahana System IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and price at which you wish to apply for
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
● You will receive a mandate notification to block funds in your UPI app