Sahana System IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jun 02, 2023Let’s have a detailed review of the company and analytics of the Sahana System IPO release date, IPO offer price, subscription, Sahana System Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 132 to Rs 135 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1000 Shares |
| Listing Date | 12 June 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 3,274 Lakh |
| Tick Size | 1 |
Sahana System IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Sahana System Share Price |
Sahana System IPO – Summary
Their company was originally formed as a partnership firm in the name and style of “M/s. Oceans Technologies” through a partnership deed dated March 1, 2013.
The partnership firm commenced its business with effect from November 1, 2012. The promoter of their company Pratik Kakadia joined the partnership firm on June 7, 2014, as a partner. Their promoter, along with his mother Shardaben Kakadia, acquired a 100% stake in the partnership firm.
The Promoter of this company is PRATIK RAMJIBHAI KAKADIA . The lead manager of the issue is UNISTONE CAPITAL PRIVATE LIMITED and INTERACTIVE FINANCIAL SERVICES LIMITED, and the Registrar of this issue is PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED.
Sahana System IPO Date
The opening and closing dates of Sahana System IPO are 31 May 2023 and 2 June 2023 respectively.
Sahana System IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 31st May | 0.16x | 1.48x | 0.89x | 1.10x |
| 2nd Day – 1st Jun | 1.16x | 2.60x | 3.14x | 2.69x |
| 3rd Day – 2nd Jun | 9.70x | 6.41x | 12.97x | 9.53x |
| Shares Offered or Net Issue | 230,000 | 1,160,000 | 1,035,000 | 2,425,000 |
The shares subscribed by the public will be updated here.
Sahana System IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Sahana System Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 7 June 2023 |
| Refunds Initiation | 8 June 2023 |
| Credit of Shares to Demat Account | 9 June 2023 |
| Share Listing Date | 12 June 2023 |
Sahana System IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 132 to Rs 135
Sahana System IPO Equity Size
This Initial Public Issue of 2,425,000 Equity Shares of Rs.10 each for cash at a price of Rs 132 to Rs 135 per equity share aggregating to Rs.3,274 Lakh.
Sahana System IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,425,000 Equity Shares of Rs.10/ each.
Issue Size: 2,425,000 Equity Shares of Rs.10 each, aggregating to Rs.3,274 Lakh
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Sahana System IPO – Live Performance
The listing date of this IPO is 12 June 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Sahana System Share Price |
Sahana System IPO Grey Market Premium
The Sahana System Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Sahana System IPO – Company Overview
They have been certified as CMMI Maturity Level – 3 in the E-Commerce department by Equalitas Certifications Limited, a CMMI Institute Partner and they have also received ISO 9001:2015 and ISO/IEC 27001:2013 accreditation from Equalitas Certifications Limited.
Their Company is also recognized as a start-up by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry vide certificate no. DIPP57260.
The recognition certificate is valid for 10 years from the date of incorporation of the Company till up to February 19, 2030. The Company is registered under “IT Services” Industry and “Product Development” sector.
Sahana System IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 2,417.82 | 1,498.91 | 772.93 |
| *Total Revenue | 2,414.23 | 1,217.39 | 331.47 |
| Total Expense | 1,528.04 | 1,021.86 | 309.06 |
| Profit After Tax | 639.64 | 141.18 | 16.44 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 11.48 | 2.54 | 0.30 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 639.64 Lakh, Rs. 141.18 Lakh and Rs. 16.44 Lakh respectively.
Sahana System IPO – Promoters
The Promoter of this company is:
- PRATIK RAMJIBHAI KAKADIA
List of Related Parties (Key Managerial Personnel)
- Hetang Shah, Chairman and Managing Director
- Hetal Patel, Non-Executive & NonIndependent Director
- Ekta Patel, Non-Executive and Independent Director
- Nishita Sanghavi, Non-Executive and Independent Director
Sahana System IPO – Promoters Holding
- Pre-Issue Share Holding – 90.25%
- Post-Issue Share Holding – %
Sahana System IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 24,25,000 Equity Shares aggregating up to Rs.3,274 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,25,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 23,00,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 10,35,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 10,35,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 55,71,493 Equity Shares |
| Equity Shares outstanding after the Issue | 79,96,493 Equity Shares |
Sahana System IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To meet the working capital requirements;
- Installation of EV charging Station;
- General Corporate Purposes; and
- To meet the issue expenses
Sahana System IPO – Business Strategy
- Expand their domestic and international presence
- Focus on new service offerings and technology-enabled through innovation
- Enhancing Operating Effectiveness and Efficiency
- Enter into the growing Electric Vehicle industry
Sahana System IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- End-to-end IT services
- Quality of services
- Certifications, Awards and Accreditations
- Leveraging the experience of their Promoter
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 11.48 | 59.24 | 19.38 |
| 31-Mar-22 | 2.54 | 31.23 | – |
| Mar-21 | 0.30 | 94.27 | – |
Sahana System IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Sahana System Limited | 10 | [●] | 11.48 | 59.24 | 2,414.23 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Sahana System IPO Lead Managers
| Lead Managers |
| UNISTONE CAPITAL PRIVATE LIMITED
INTERACTIVE FINANCIAL SERVICES LIMITED |
Sahana System IPO Registrar to offer
| Registrar to the Offer |
| PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED Unit No. 9, Ground Floor, Shiv Shakti Ind. Estt, J. R. Boricha Marg, Lower Parel East, Mumbai – 400 011, Maharashtra, India Telephone: +91 22-23010771/8261 Email: www.purvashare.com Contact Person: Ms Deepali Dhuri Website: www.purvashare.com SEBI Registration Number: INR000001112 CIN: U67120MH1993PTC074079 |
Sahana System IPO – Other Details
- Statutory Auditor – Rahul Mistri and Co., Chartered Accountants
- Legal Counsel to the Company – Nilay H. Patel, Advocate
- Bankers to the Company – Axis Bank Limited
Sahana System IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Sahana System Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Sahana System IPO Review FAQs
Check out various FAQs related to Sahana System IPO:
What is the Issue Size of Sahana System IPO?
The Company is making an initial public offer of 2,425,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Sahana System IPO?
The price band for this particular IPO ranges between Rs 132 to Rs 135. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Sahana System IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 31 May 2023, while the closing date is set at 2 June 2023.
What is the Sahana System IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 7 June 2023, refund initiation is on 8 June 2023, credit of shares is on 9 June 2023, and share listing date is on 12 June 2023.
What is the Sahana System IPO Listing Date?
Shares of this company shall be listed in the exchanges on 12 June 2023. The date, when the listing would be done, is stagnant on 12 June 2023.
Who is the Registrar of Sahana System IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Sahana System IPO?
Here are the promoters of this IPO – PRATIK RAMJIBHAI KAKADIA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Sahana System IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Sahana System IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Sahana System Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 639.64, 2022 is 141.18, and 2021 is 16.44.
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