Sahana System Limited IPO Detail
Incorporated in 2020, "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.
Sahana System has been certified as CMMI Maturity Level - 3 in E-Commerce department by Equalitas Certifications Limited. They also have received ISO 9001:2015 and ISO/IEC 27001:2013 accreditation from Equalitas Certifications Limited.
The Company is recognized as a start-up by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry. The recognition certificate is valid for 10 years from the date of incorporation of the Company.
Company Promoters
Pratik KakadiaIPO Details
| IPO Opening Date | May 31, 2023 |
| IPO Closing Date | Jun 02, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹132 - 135 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹32.74 Cr |
| Fresh Issue | ₹32.74 Cr |
| Offer for Sale | - |
| Retail Portion | 45% |
IPO Tentative Timetable
The Sahana System Limited IPO open date is May 31, 2023, and the close date is Jun 02, 2023. The issue may list on Jun 12, 2023.
| IPO Open Date | May 31, 2023 |
| IPO Close Date | Jun 02, 2023 |
| Basis of Allotment Date | Jun 07, 2023 |
| Initiation of Refunds | Jun 08, 2023 |
| Credit of Shares to Demat Account | Jun 09, 2023 |
| IPO Listing Date | Jun 12, 2023 |
IPO Lot Size
The Sahana System Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹135000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹135000 |
| Maximum | 1 | 1000 | ₹135000 |
IPO Promoter Holding
| Pre Issue Share Holding | 90.25% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 772.93 | 331.47 | 16.44 |
| 31-Mar-22 | 1,498.91 | 1,217.39 | 141.18 |
| 31-Mar-23 | 2,417.82 | 2,414.23 | 639.64 |
Objects of the Issue:
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
Sahana System Limited IPO Registrar:
Purva Sharegistry India Pvt Ltd
Sahana System Limited IPO Lead Manager(s):
Unistone Capital Pvt Ltd Interactive Financial Services Ltd
Company Contact Information:
Sahana System Limited
901-A-Block, Mondeal Square,
Nr. Iscon Elegance, S.G. Highway,
Prahladnagar Ahmedabad - 380015
