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Open
31 May to 2 Jun, 2023
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Close
31 May to 2 Jun, 2023
3
Allotment
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Listing
Mon, Jun 12, 2023
Price Band
₹132 to ₹135
Issue Size
24,25,000 shares (agg. up to ₹33 Cr)
Lot Size
1,000 Shares
Listing Date
Mon, Jun 12, 2023
Latest GMP
₹21
Est. Gain
15.56%
✦ AI Insight
GMP Trend
12-06-2023₹21Est. ₹156+15.56%
11-06-2023₹22Est. ₹157+16.3%
10-06-2023₹22Est. ₹157+16.3%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 8.40x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 24.18 | 14.99 | 7.73 |
| Total Income | 24.14 | 12.17 | 3.31 |
| Profit After Tax | 6.40 | 1.41 | 0.16 |
| NET Worth | 10.80 | 4.52 | 0.17 |
| Reserves and Surplus | 5.23 | 1.43 | 0.16 |
| Total Borrowing | 4.77 | 5.13 | 7.23 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sancode Technologies Ltd. | SME | ₹5.15 Cr | ₹47 | 10.71 | ₹60.80 | +29.36% | ₹376.35 (+1.99%) |
| Vertexplus Technologies Ltd. | SME | ₹14.20 Cr | ₹96 | 28.83 | ₹106.05 | +10.47% | ₹48.30 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 6.50 |
| 2 | Installation of EV charging Station | 14.45 |
| 3 | General Corporate Purposes | 6.55 |
About Sahana System IPO
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.+ Read More
Contact Details
Sahana System Ltd. Address901-A-Block, Mondeal SquareNr.Iscon Elegance, S.G.HighwayPrahladnagarAhmedabad, Gujarat, 380015+91 79 4601 4490cs@sahanasystem.comVisit Website