Sahana System Limited,” established in 2020, specializes in providing a wide range of IT-related services. The company’s offerings include web app development, mobile application development, AI & ML development, ChatBot development, and product prototyping.
In addition to these core services, Sahana System also excels in graphics designing, UI/UX design, SEO & ASO, digital marketing, website & application migration, cyber security, and IT services outsourcing.
The company’s commitment to excellence is evident in its achievements, as it has been certified as CMMI Maturity Level – 3 in the E-Commerce department by Equalitas Certifications Limited. Furthermore, Sahana System has obtained ISO 9001:2015 and ISO/IEC 27001:2013 accreditation from the same organization, showcasing its dedication to quality and information security standards.
Recognized as a start-up by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry, Sahana System Limited holds a valid recognition certificate for ten years from the date of its incorporation. As a start-up, the company is poised to make significant strides in the IT industry, leveraging its expertise and diverse service offerings to meet the evolving needs of its clients.
- Open: ₹141.00
- High – Low: ₹141.95 – ₹139.00
- Previous Close: ₹144.95
- Total Traded Value: 8,000
- Updated On: Jul 20, 2023 4:00 PM
Sahana System IPO Details #
| IPO Date | May 31, 2023 to Jun 2, 2023 |
| Listing Date | Jun 12, 2023 |
| Face Value | ₹10 per share |
| Price | ₹132 to ₹135 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 2,425,000 shares (aggregating up to ₹32.74 Cr) |
| Fresh Issue | 2,425,000 shares (aggregating up to ₹32.74 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,571,493 |
| Share holding post issue | 7,996,493 |
| Market Maker portion | 125,000 shares Rikhav Securities |
Sahana System IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 125,000 (5.15%) |
| QIB Shares Offered | 230,000 (9.48%) |
| NII (HNI) Shares Offered | 1,035,000 (42.68%) |
| Retail Shares Offered | 1,035,000 (42.68%) |
| Total Shares Offered | 2,425,000 (100%) |
Sahana System IPO Timetable (Tentative) #
Sahana System IPO opens on May 31, 2023, and closes on Jun 2, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Wednesday, 31 May 2023 |
| Closing Date | Friday, 2 June 2023 |
| Basis of Allotment | Wednesday, 7 June 2023 |
| Initiation of Refunds | Thursday, 8 June 2023 |
| Credit of Shares to Demat | Friday, 9 June 2023 |
| Listing Date | Monday, 12 June 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 2, 2023 |
Sahana System IPO Lot Size #
The Sahana System IPO lot size is 1000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹135,000 |
| Retail (Max) | 1 | 1000 | ₹135,000 |
| HNI (Min) | 2 | 2,000 | ₹270,000 |
| Lot Size Calculator | |||
Sahana System IPO Promoter Holding #
Pratik Kakadia is the Promoter of the company.
| Pre Issue Share Holding | 90.25% |
| Post Issue Share Holding |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 772.93 | 331.47 | 16.44 | 17.44 | 16.44 | 723.25 |
| 31-Mar-22 | 1,498.91 | 1,217.39 | 141.18 | 452.06 | 142.53 | 512.59 |
| 31-Mar-23 | 2,417.82 | 2,414.23 | 639.64 | 1,079.71 | 522.56 | 477.04 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 16.88 |
| Market Cap (₹ Cr.) | 107.95 |
| ROE | 83.52% |
| ROCE | 61.05% |
| Debt/Equity | 0.44 |
| EPS (Rs) | 11.48 |
| RoNW | 59.24% |
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 IPO Subscription Status (Bidding Detail) #
The Sahana System IPO is subscribed 9.99 times on Jun 2, 2023 7:29:00 PM. The public issue subscribed 12.97 times in the retail category, 9.70 times in the QIB category, and 7.07 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 9.70 |
| NII | 7.07 |
| Retail | 12.97 |
| Total | 9.99 |
Total Application : 13,428 (12.97 times)
Sahana System IPO Prospectus #
- Sahana System IPO DRHP
- Sahana System IPO RHP
Sahana System IPO Listing Details #
| Listing Date | Jun 12, 2023 |
| BSE Script Code | |
| NSE Symbol | SAHANA |
| ISIN | INE0LEX01011 |
| Final Issue Price | ₹135 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹135.00 |
| ₹163.00 |
| ₹163.00 |
| ₹171.15 |
| ₹171.15 |
Company Contact Information #
901-A-Block, Mondeal Square,
Nr. Iscon Elegance, S.G. Highway,
Prahladnagar Ahmedabad – 380015
Phone: +91 79 4601 4490
Email: cs@sahanasystem.com
Website: http://www.sahanasystem.com/
Sahana System IPO Registrar #
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/queries/
Sahana System IPO Lead Manager(s) #
- Unistone Capital Pvt Ltd (Past IPO Performance)
- Interactive Financial Services Ltd (Past IPO Performance)
Frequently Asked Questions #
What is the business of Sahana System Limited? #
Sahana System Limited is engaged in offering IT-related services, which include web app development, mobile application development, AI & ML development, ChatBot development, product prototyping, graphics designing, UI / UX design, SEO & ASO, digital marketing, website & application migration, cyber security, and outsourcing of IT services. Additionally, the company has diversified into the non-related business of EV charging stations.
What is the IPO date and price of Sahana System Limited? #
The Sahana System IPO opened for subscription on May 31, 2023, and closed on June 2, 2023. The IPO price range was set at ₹132 to ₹135 per share.
When is the listing date for Sahana System IPO? #
The listing date for Sahana System IPO is scheduled for June 12, 2023.
What is the lot size for Sahana System IPO? #
The lot size for the Sahana System IPO is 1000 shares.
What is the total issue size and issue type of Sahana System IPO? #
The total issue size of the Sahana System IPO is 2,425,000 shares, aggregating up to ₹32.74 crores. The issue type is a Book Built Issue IPO.
Who are the promoters of Sahana System Limited? #
The promoter of Sahana System Limited is Pratik Kakadia.
What are the IPO subscription details for Sahana System IPO? #
The Sahana System IPO received good subscription interest, with the Qualified Institutional Buyers (QIB) category subscribed 9.70 times, Non-Institutional Investors (NII or HNI) category 7.07 times, and Retail Individual Investor (RII) category 12.97 times.
What are the objects of the Sahana System IPO? #
The company intends to utilize the proceeds of the IPO for working capital requirements, installation of EV charging stations, and general corporate purposes.
What are the important dates of Sahana System IPO? #
The Sahana System IPO opened on May 31, 2023, and closed on June 2, 2023.
Is it recommended to apply for Sahana System IPO? #
We do not provide IPO recommendations. Investors should conduct thorough research, consider the company’s financials, market conditions, and expert analysis before making an investment decision.
Please note that the information provided in the FAQs is based on the data available as of June 2, 2023. For the latest updates and detailed information, please refer to the official sources and the prospectus of Sahana System IPO.
