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Sahana System Limited IPO (Sahana System IPO) Detail

May 31, 2023 - June 2, 2023

Sahana System IPO is a book built issue of Rs 32.74 crores. The issue is entirely a fresh issue of 24.25 lakh shares.

Sahana System IPO bidding started from May 31, 2023 and ended on June 2, 2023. The allotment for Sahana System IPO was finalized on Wednesday, June 7, 2023. The shares got listed on NSE SME on June 12, 2023.

Sahana System IPO price band is set at ₹132 to ₹135 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹270,000.

Unistone Capital Pvt Ltd and Interactive Financial Services Ltd are the book running lead managers of the Sahana System IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for Sahana System IPO is Rikhav Securities.

Refer to Sahana System IPO RHP for detailed information.

Sahana System IPO Details

IPO Date May 31, 2023 to June 2, 2023
Listing Date June 12, 2023
Face Value ₹10 per share
Price Band ₹132 to ₹135 per share
Lot Size 1000 Shares
Total Issue Size2,425,000 shares
(aggregating up to ₹32.74 Cr)
Fresh Issue2,425,000 shares
(aggregating up to ₹32.74 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue5,571,493
Share holding post issue7,996,493
Market Maker portion125,000 shares
Rikhav Securities

Sahana System IPO Reservation

Sahana System IPO offers 2,425,000 shares. 230,000 (9.48%) to QIB, 1,035,000 (42.68%) to NII, 1,035,000 (42.68%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered125,000 (5.15%)
QIB Shares Offered230,000 (9.48%)
NII (HNI) Shares Offered1,035,000 (42.68%)
Retail Shares Offered1,035,000 (42.68%)
Total Shares Offered2,425,000 (100%)

Sahana System IPO Timeline (Tentative Schedule)

Sahana System IPO opens on May 31, 2023, and closes on June 2, 2023.

IPO Open Date Wednesday, May 31, 2023
IPO Close Date Friday, June 2, 2023
Basis of Allotment Wednesday, June 7, 2023
Initiation of Refunds Thursday, June 8, 2023
Credit of Shares to Demat Friday, June 9, 2023
Listing Date Monday, June 12, 2023
Cut-off time for UPI mandate confirmation 5 PM on June 2, 2023

Sahana System IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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.

Share Holding Pre Issue 90.25%
Share Holding Post Issue

About Sahana System Limited

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 Financials

Sahana System Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-21772.93331.4716.4417.4416.44723.25
31-Mar-221,498.911,217.39141.18452.06142.53512.59
31-Mar-232,417.822,414.23639.641,079.71522.56477.04
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Sahana System IPO is Rs 107.95 Cr.

KPI Values
ROE83.52%
ROCE61.05%
Debt/Equity0.44
RoNW59.24%
Pre IPO Post IPO
EPS (Rs) 11.48
P/E (x) 16.88

Objects of the Issue (Sahana System IPO Objectives)

The company intends to utilize the proceeds of the issue to meet the following objects:

  1. To meet the working capital requirements
  2. Installation of EV charging Station
  3. General Corporate Purposes
  4. To meet the issue expenses

Sahana System IPO Review (Avoid)

[Dilip Davda]  The company operates in a highly competitive and fragmented segment with many players around. The sudden boost in its bottom line for FY23 raises eyebrows and concerns over sustainability going forward. Based on such super earnings, the issue appears fully priced. The small equity capital post-IPO indicates a longer gestation period for migration to the mainboard. There is no harm in skipping this issue. Read detail review...


Sahana System IPO Subscription Status (Bidding Detail)

The Sahana System IPO is subscribed 9.99 times on June 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)

CategorySubscription (times)
QIB9.70
NII7.07
Retail12.97
Total9.99

Total Application : 13,428 (12.97 times)

Sahana System IPO Prospectus

Sahana System IPO Rating

6
3.3
Rating:Rated 3.3 stars
Vote Here ...

Sahana System IPO Listing Details

Listing Date June 12, 2023
BSE Script Code
NSE Symbol SAHANA
ISIN INE0LEX01011
Final Issue Price ₹135 per share

Pre-Open Session - NSE

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

Check IPO Performance…

Sahana System Limited Contact Details

Sahana System Limited
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/investor-service/ipo-query

Sahana System IPO - Buy or Not

Sahana System IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 1 0

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Sahana System IPO FAQs

Sahana System IPO is a SME IPO of 2,425,000 equity shares of the face value of ₹10 aggregating up to ₹32.74 Crores. The issue is priced at ₹132 to ₹135 per share. The minimum order quantity is 1000 Shares.

The IPO opens on May 31, 2023, and closes on June 2, 2023.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Sahana System IPO using UPI as a payment gateway. Zerodha customers can apply in Sahana System IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Sahana System IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Sahana System IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Sahana System IPO opens on May 31, 2023 and closes on June 2, 2023.

Sahana System IPO lot size is 1000 Shares, and the minimum amount required is ₹135,000.

You can apply in Sahana System IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Sahana System IPO will be done on Wednesday, June 7, 2023, and the allotted shares will be credited to your demat account by Friday, June 9, 2023. Check the Sahana System IPO allotment status.

The Sahana System IPO listing date is on June 12, 2023.
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Sahana System IPO Message Board

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338 Comments

161. BullsEye 🎯 |   Link |  Bookmark |July 3, 2023 1:10:48 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Wipro buyback..
387 out of 500 accepted...
160. atul |   Link |  Bookmark |July 3, 2023 12:51:22 PM (300+ Posts)
This is multibeggar.buy or you will regret.
159. BullsEye 🎯 |   Link |  Bookmark |July 3, 2023 1:06:02 AM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Nifty Short term Tagets ????

a. Below 17500
b. Range bound in 500 points
c. Above 20000

plz vote max
so wht majorities will do we don't do
u knw wht i mean
.
158. SJogi |   Link |  Bookmark |June 13, 2023 11:29:55 AM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
LC today.
can expect 1or more LC.
157. Cyclodium |   Link |  Bookmark |June 13, 2023 7:38:57 AM
Top Contributor Top Contributor (600+ Posts, 100+ Likes)
Sold one lot holding one lot for short term
156. MUNAVIR |   Link |  Bookmark |June 12, 2023 8:43:04 PM
What is the name of this stock in money control
156.1. Mr. C |   Link |  Bookmark |June 14, 2023 7:35:37 PM
Why is this stock not showing in money control??
155. PKRAJ |   Link |  Bookmark |June 12, 2023 9:59:14 AM
Sahana the winner with 20% gain amd CFF also with positive listing of 6% gain. Starting the week with positive listing.
Best of luck to all who got allotment.
154. SAMJO HO HI GAYA |   Link |  Bookmark |June 12, 2023 9:41:49 AM
should we apply in pre open ???
153. arvindarvind |   Link |  Bookmark |June 12, 2023 7:57:19 AM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
Two listing is today.
Let's see who is winning the game.
Will be Glad if both win the game.
But imo CFF will be winner.
Let's see...
153.1. Riyansh |   Link |  Bookmark |June 12, 2023 9:07:58 AM (200+ Posts)
@arvindarvind  Huge Buy Positions in Sahana. " Double Engine Ki sarkar " 2 LM here. lets hope for the best.
153.2. GrayIsTheNewBlack |   Link |  Bookmark |June 12, 2023 9:19:32 AM
IPO Guru IPO Guru (1700+ Posts, 1000+ Likes)
@Riyansh , sell side also active now.
190 -> 165.
May list around 150 I think.
152. ARJUN'S EYE |   Link |  Bookmark |June 12, 2023 9:05:37 AM
IPO Mentor IPO Mentor (700+ Posts, 600+ Likes)
Sahana System Ltd NSE SME IPO.
NSE Code:-16715
Symbol:-SAHANA
Group:-ST
ISIN:-INE0LEX01011
Issue Price:-135/-
Market Lot:-1000 Shares
Face Value:-10/-
Listing At:-NSE SME
151. IPO LIFE |   Link |  Bookmark |June 12, 2023 1:20:22 AM
Ahamdabad and Mumbai sources 20+ listing on card.. Lot of stocks have changed hands at 15 odd premium..Seem to be strong contender for upper circuit after that
150. GrayIsTheNewBlack |   Link |  Bookmark |June 11, 2023 10:25:46 PM
IPO Guru IPO Guru (1700+ Posts, 1000+ Likes)
Friends, lets predict the listing.

A. Discount listing
B. Premium < 5
C. Premium between 5 and < 15
D. Premium between 15 and < 25
E. Premium above 25

My guess is C.
GMP has lost a bit of current from a high of 39.
CFF GMP is on surge just a day before listing trading at premium of 10.
150.1. tejasa |   Link |  Bookmark |June 11, 2023 10:55:50 PM
Option d
149. Ipoaspire |   Link |  Bookmark |June 11, 2023 10:46:56 PM (300+ Posts)
Not alloted in sahana and cff and comrade ..Better to buy cff fluid if u have funds..cff is in defence sector and has a huge future growth prospects... remaining 2 for long term they are not as good as cff... planning to buy 3 lots of cff .take ur decision.
148. Aman Soni |   Link |  Bookmark |June 11, 2023 4:14:24 PM
Shares still not showing in my demat account. tomorrow is listing. Anyone facing similar issue?
148.1. Logij Kumar |   Link |  Bookmark |June 11, 2023 8:40:25 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Shares would have been credited in demat NSDL/CDSL. On trading platform like Zerodha shown on the morning of listing.
147. KING VINOD |   Link |  Bookmark |June 11, 2023 6:50:21 PM
IPO Guru IPO Guru (2400+ Posts, 5100+ Likes)
Sahana Systems Ltd tomorrow Listing.
GMP 20 ~ 22 [Very thin Volumes] @ 06:45pm # 11 June
147.1. GrayIsTheNewBlack |   Link |  Bookmark |June 11, 2023 7:15:37 PM
IPO Guru IPO Guru (1700+ Posts, 1000+ Likes)
@KING VINOD Sir , what is your estimate as per your experience and connections ?
Above the current premium or below ?
147.2. Sunmoney |   Link |  Bookmark |June 11, 2023 7:22:48 PM
Sir wt is your view.
Can I hold for a week
146. Ipokingstar |   Link |  Bookmark |June 11, 2023 12:02:44 AM
I applied big hni and I got allotment of 13000 share
Hope for the best
What u think
Advice me hold or not
Or sell on first day?
145. Pratham |   Link |  Bookmark |June 10, 2023 10:33:34 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
Strong Gmp 20
144. iWantMoneyForUhappyAll |   Link |  Bookmark |June 10, 2023 5:53:11 PM
Now 22 gmp moja he moja Monday ko or tez hoga
143. iWantMoneyForUhappyAll |   Link |  Bookmark |June 10, 2023 2:09:27 PM
174 pe list hoga moja he moja
143.1. Sunmoney |   Link |  Bookmark |June 10, 2023 2:40:49 PM
Good
But is it confirmed
Wt is GMP.
I m allotted one lot
142. LOVE IPO |   Link |  Bookmark |June 10, 2023 10:55:35 AM
GMP in Ahmedabad and rajkot is quoting at 20 to 22 . Volumes have slowed down. However there is a strong buzz that this will list with strong premium in the pre opening itself . Got this filler in multiple touchpoints / circles. I am holding 2 lots as a disclosure. Best wishes to all allottees.
142.1. LOVE IPO |   Link |  Bookmark |June 12, 2023 9:51:54 AM
I had already given heads up on this basis my touch points in Ahmedabad and Rajkot. Bang on target .. Discovery rate 163 in the preopening itself against an issue price of 135. Congratulations to all allottes. Cheers