Sahasra Electronics Solutions IPO

Incorporated in February 2023, Sahasra Electronic Solutions Limited is an Electronic System Design and Manufacturing company that provides electronic system design and manufacturing ("ESDM") services at its Noida plant. The company provides products and solutions such as printed circuit board ("PCB") assembly, Box Build, and LED lighting. Memory, IT accessories, computer and IT hardware. During FY 2024, the company exported over 80% of its products and solutions to global manufacturers in countries such as the United States of America, Rwanda, Tunisia, the United Kingdom, Germany, Canada, Austria, and Belgium. The company has a manufacturing capacity of 1.8 million units through its EN 9100:2018 certified plant in Noida. The product portfolio of the company includes: 1. Printed circuit board assemblies (PCBAs): The company's PCBAs are utilized in products manufactured in the automotive, medical, industrial, IT, and consumer products industries. This includes box-build products such as laptops and tablets. 2. LED lighting solutions include the LED chip, power supply, printed circuit board, and housing. 3.Computer and IT accessoriesinclude motherboards, DRAM modules, solid-state drives (SSD), USB drives, and other memory products and accessories. The company is certified under 9100:2018 (equivalent to AS 9100D and JISQ 9100:2016, including ISO 9001:2015) for Quality Management Systems for manufacturing PCB assemblies. Competitive Strengths Diverse solutions including PCB assembly, box build assemblies, and design solutions. Established relationships with customers across various countries The manufacturing facility is in a special economic zone, giving access to tax benefits for its products manufactured and exported from there. The ERP platform meets the quality standards its customers require. Diversified Board of Directors, complemented by a robust management team with extensive experience in the electronic manufacturing sector. As of March 2024, the company had 160 permanent employees

The company proposes to utilize the funds which are being raised through the Fresh Issue after deducting the Offer related expenses to the extent payable by the company concerning the Fresh Issue, towards funding the following objects: Funding Capital Expenditure towards the installation of additional plant and machinery at a new manufacturing facility situated at Bhiwadi, Rajasthan; Investment in the Subsidiary, Sahasra Semiconductors Private Limited, for financing its capital expenditure requirements for the installation of additional plant and machinery; To Meet Working Capital Requirements; General Corporate Purposes.

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