Sahasra Electronic Solutions Ltd - IPO

Sahasra Electronic Solutions Ltd IPO Details

Initial public offer of upto 65,78,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Sahasra Electronic Solutions Limited (The Company or SESL or The Offer) at an offer price of Rs. 283 per equity share for cash, aggregating up to Rs. 186.16 crores (Public Offer) comprising of a fresh issue of upto 60,78,000 equity shares aggregating to Rs. 172.01 crores (the Fresh Issue) and an offer for sale of upto 5,00,000 equity shares by the selling shareholder (Offer for Sale) aggregating to Rs. 14.15 crores comprising by Amrit Lal Manwani; out of which 3,29,600 equity shares of face value of Rs. 10 each, at an offer price of Rs. 283 per equity share for cash, aggregating Rs. 9.33 crores will be reserved for subscription by the market maker to the offer (the Market Maker Reservation Portion). The public offer less market maker reservation portion i.e. offer of 62,48,400 equity shares of face value of Rs. 10 each, at an offer price of Rs. 283 per equity share for cash, aggregating upto Rs. 176.83 crores is herein after referred to as the Net Offer. The public offer and net offer will constitute 26.32% and 25.00% respectively of the post-offer paid-up equity share capital of the company.

Objective of issue

Funding capital exp towards installation of additional plant and machinery at new mfg facility situated at. Investment in its subsidiary sahasra semiconductors pvt ltd for financing its capital exp requirements in relation towards installation of additional plant and machinery. To meet working capital requirements. General corporate purposes.

Sahasra Electronic Solutions Ltd Contact Details

Sahasra Electronic Solutions Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@sahasraelectronics.com

Website - www.seslimited.in