FREE Account Opening + No Clearing Fees
Loading...

Sahana System Limited Rights Issue (Sahana System Rights Issue 2024) Detail

October 11, 2024 - October 25, 2024
Sahana System Limited Logo

Incorporated in 2020, Sahana System Limited offers IT-related services. These include web app development, mobile application development, AI and ML development, ChatBot development, and product prototyping.

Further, the company also offers graphic design, UI / UX design, SEO and ASO, digital marketing, website and application migration, cyber security, and outsourcing of IT services.

Equalitas Certifications Limited has certified Sahana System as CMMI Maturity Level 3 in the E-Commerce department. They have also received ISO 9001:2015 and ISO/IEC 27001:2013 accreditation from Equalitas Certifications Limited.

The Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry, recognizes the company as a start-up. The recognition certificate is valid for 10 years from the date of incorporation.

Sahana System Rights Issue 2024 Detail

Issue Open October 11, 2024 - October 25, 2024
Security Name Sahana System Limited
Issue Size (Shares) 549,084
Issue Size (Amount) ₹48.87 Crores
Issue Price ₹890 per share
Face Value ₹10 per share
Listing At NSE
Terms of Payment

The entire amount of the Issue Price of Rs. 890 per Rights Equity Share shall be payable at the time of Application.

Entitlement 1 Rights Equity Share(s) for every 15` fully paid-up Equity Shares held on Record Date

Sahana System Rights Issue 2024 Issue Timetable

Last Date to buy sharesSeptember 24, 2024
Record Date September 25, 2024
Credit of Rights Entitlements September 25, 2024
Bid/Offer Opens On October 11, 2024
Renunciation of Rights Entitlements October 16, 2024
Bid/Offer Closes On October 25, 2024
Deemed Date of Allotment October 31, 2024
Credit Date November 8, 2024
Listing Date November 11, 2024

Company Financials

Sahana System Limited Financial Information (Restated Consolidated)

Sahana System Limited's revenue increased by 187% and profit after tax (PAT) rose by 193% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets96.0524.1314.29
Revenue69.2924.14
Profit After Tax18.216.21
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the Net Proceeds from this Issue towards the following objects:

  1. To meet the Working Capital requirements of the Company; and
  2. General Corporate Purposes.

Sahana System Rights Issue 2024 Subscription Status

Sahana System Rights Issue 2024 is subscribed 0.1 times as on October 14, 2024 5:00:30 PM. The total bid quantity received by NSE is 55,040 shares.

Sahana System Rights Issue 2024 Documents

Sahana System Rights Issue 2024 Rating

4
3.5
Rating:Rated 3.5 stars
Vote Here ...

Sahana System Rights Issue 2024 Reviews

Company Contact Information

Sahana System Limited
1301, Maple Trade Center
Near Surdhara Circle
Thaltejj Ahmedabad-380052

Phone: 919664848978
Email: info@sahanasystem.com
Website: https://www.sahanasystem.com/

Sahana System Rights Issue 2024 Registrar

  1. 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 Rights Issue 2024 Lead Manager(s)

Sahana System Rights Issue 2024 FAQs

The Sahana System Rights Issue 2024 opens on October 11, 2024, and closes on October 25, 2024.

Sahana System Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsSeptember 25, 2024
Last Date for renunciation of Rights EntitlementsOctober 16, 2024
Issue Opening DateOctober 11, 2024
Issue Closing DateOctober 25, 2024
Date of Allotment (on or about)October 31, 2024
Date of Credit (on or about)November 8, 2024
Date of Listing (on or about)November 11, 2024

Sahana System Rights Issue 2024 price is set at ₹890 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 15` fully paid-up Equity Shares held on Record Date (September 25, 2024).

The record date for the Sahana System Rights Issue 2024 is September 25, 2024.

The issue size of Sahana System Rights Issue 2024 is of 549,084 equity shares at ₹890 per share aggregating upto ₹48.87 Crores.

The Letter of Offer for Sahana System Rights Issue 2024 can be download here.

You can apply for Sahana System Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Sahana System Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Sahana System Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Sahana System Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Sahana System Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Sahana System Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

Comments

Add a public comment...

Compare rights issues with Sahana System Rights Issue 2024