Sahana System IPO Details ( Sahana IPO Review )
(31 May 2023 – 2 June 2023)
Established in 2020, “Sahana System Limited” is a company dedicated to providing a wide range of IT services. Their offerings encompass various areas, such as web app development, mobile application development, AI and ML development, ChatBot development, and product prototyping.
Additionally, Sahana System Limited extends its services to include graphics designing, UI/UX design, SEO and ASO, digital marketing, website and application migration, cyber security, as well as outsourcing of IT services.
Sahana System has obtained the esteemed CMMI Maturity Level – 3 certification in their E-Commerce department, granted by Equalitas Certifications Limited. Additionally, they have been accredited with ISO 9001:2015 and ISO/IEC 27001:2013 certifications by the same certification body, highlighting their commitment to quality and information security.
Acknowledged by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry, Sahana System holds the status of a recognized start-up. The official recognition certificate remains valid for a duration of 10 years, starting from the company’s date of incorporation.
Sahana System Limited Company Product
- Web app development
- Mobile application development
- AI & ML Development
- ChatBot development
- Product prototyping
- Graphics designing
- UI / UX design
- SEO & ASO
- Digital marketing
- Website & application migration
- Cyber security
- Hardware Trading
Sahana System Limited IPO Competitive Strength
- End to end IT services
- Leveraging the experience of our Promoter
- Quality of Services
- Certifications, Awards and Accreditations
Sahana System IPO Financials Performance ( Results )
Sahana System Limited Financial Information ( Restated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 772.93 | 331.47 | 16.44 | 0.28 | 17.44 | 0.53 | 16.44 | 723.25 |
| 31-Mar-22 | 1,498.91 | 1,217.39 | 141.18 | 2.35 | 452.06 | 14.36 | 142.53 | 512.59 |
| 31-Mar-23 | 2,417.82 | 2,414.23 | 639.64 | – | 1,079.71 | – | 522.56 | 477.04 |
Objective of IPO Issue
- To meet the working capital requirements
- Installation of EV charging Station
- General Corporate Purposes
- To meet the issue expenses
Sahana System IPO Basic Details
| IPO Date | May 31, 2023 to Jun 2, 2023 |
| Listing Date | Monday, 12 June 2023 |
| Face Value | ₹10 per share |
| Price | ₹132 to ₹135 per share |
| Lot Size | 1000 Shares |
| Issue Size | 2,425,000 shares (aggregating up to ₹32.74 Cr) |
| Fresh Issue | 2,425,000 shares (aggregating up to ₹32.74 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,571,493 |
| Share holding post issue | 7,996,493 |
| Company Promoters | Pratik Ramjibhai Kakadia |
Sahana System IPO Reservation
| QIB Shares Offered | Not more than 10% of the Net offer |
| NII (HNI) Shares Offered | Not less than 45% of the Offer |
| Retail Shares Offered | Not less than 45% of the Offer |
Sahana System IPO Timetable
Sahana System IPO will open on May 31, 2023 and close on June 2, 2023. You can join Sahana System IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 31 May 2023 (Wednesday) |
| Closing Date | 2 June 2023 (Monday) |
| Basis of Allotment | 7 June 2023 (Wednesday) |
| Initiation of Refunds | 8 June 2023 (Thursday) |
| Credit of Shares to Demat | 9 June 2023 (Friday) |
| Listing Date | 12 June 2023 (Monday) |
| Deadline for Confirming UPI mandate | 5 PM on 2 June 2023 |
Sahana System IPO Lot Size
For retail investors in Sahana System IPO, 1000 shares will come in 1 lot or the minimum investment will be ₹135,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹135,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1000 | ₹135,000 |
| Retail (Max) | 1 | 1000 | ₹135,000 |
| S-HNI (Min) | 2 | 2000 | ₹270,000 |
Sahana System IPO Promoter Holding
| Pre Issue Share Holding | 90.25% |
| Post Issue Share Holding | – |
Sahana System IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹11.48 per Equity Share |
| Price/Earning P/E Ratio | 16.88 |
| Return on Net Worth (RoNW) | 59.24% |
| Net Asset Value (NAV) | ₹14.36 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | Coming Soon |
Sahana System Ltd Key Performance Indicator
| KPI | Values |
| Market Cap (₹ Cr.) | 107.95 |
| P/E (x) | 16.88 |
| ROE (%) | 83.52 |
| ROCE (%) | 61.05 |
| Debt/Equity | 0.44 |
Sahana System Ltd Peer Comparison
As on the date of this Draft Red Herring Prospectus, there are no comparable peer which is listed
companies in India and which are engaged in the same line of business as our Company, hence
comparison with industry peers is not applicable.
Sahana System IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 12 June 2023 | ₹21 | – | – |
| 11 June 2023 | ₹28 | – | – |
| 10 June 2023 | ₹31 | – | – |
| 9 June 2023 | ₹32 | – | – |
| 8 June 2023 | ₹35 | – | – |
| 7 June 2023 | ₹40 | – | – |
| 6 June 2023 | ₹31 | – | – |
| 5 June 2023 | ₹21 | – | – |
| 4 June 2023 | ₹8 | – | – |
| 3 June 2023 | ₹5 | – | – |
| 2 June 2023 | ₹10 | – | – |
| 1 June 2023 | ₹10 | – | – |
| 31 May 2023 | ₹12 | – | – |
| 30 May 2023 | ₹9 | – | – |
Sahana System IPO Detail Video:
Sahana System IPO Subscription Status (Bidding Detail)
The Sahana System IPO on June 2, 2023 at 7:29:00 PM was subscribed 9.53 times, with the retail category being subscribed 12.97 times, the NII (Non-Institutional Investor) category being subscribed 6.41 times and the QIB (Qualified-Institutional Buyers) category being subscribed 9.70 times.
| Category | Subscription |
| QIB | 9.70x |
| NII | 6.41x |
| Retail | 12.97x |
| Total | 9.53x |
Sahana System IPO Prospectus
Sahana System IPO Rating
| Our Rating | 2.0/5.0 |
Sahana System Company Contact Information
Sahana System Limited
Registered office: 901-A-Block, Mondeal Square,
Nr. Iscon Elegance, S.G. Highway, Prahladnagar,
Ahmedabad-380015.
Tel: +91-79-46014490
E-mail: cs@sahanasystem.com
Website: www.sahanasystem.com
Contact Person: Khushbu Ankitkumar Dalwadi, Company Secretary and Compliance Officer
Promoter Of The Company: Pratik Ramjibhai Kakadia
Sahana System IPO Registrar
Purva Sharegistry (India) Private Limited
Registered office: 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 Lead Manager
Interactive Financial Services Limited
Registered office: 612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas Marg,
Ellisbridge, Ahmedabad – 380 009, Gujarat, India
Telephone.: +91 79-46019796
Web Site: www.ifinservices.in
Email : mbd@ifinservices.in
Investor Grievance Email: info@ifinservices.in
Contact Person: Mr. Pradip Sandhir
SEBI Reg. No.: INM000012856
CIN: L65910GJ1994PLC023393
Unistone Capital Private Limited
Registered office: A/305, Dynasty Business Park, Andheri Kurla Road, Andheri East,
Mumbai 400059, Maharashtra
Telephone: +91 98200 57533
Email: mb@unistonecapital.com
Website: www.unistonecapital.com
Investor grievance email: compliance@unistonecapital.com
Contact Person: Mr. Brijesh Parekh
SEBI registration number: INM000012449
CIN: U65999MH2019PTC330850
Sahana System IPO FAQs
What is the lot size of Sahana System IPO?
The total size of Sahana System IPO is ₹32.74 crores and this is a complete fresh Issue.
When will Sahana System IPO start?
Sahana System IPO will open from 31 May 2023 and IPO will close on 2 June 2023.
What is the open date of Sahana System IPO?
Sahana System IPO will open date from 31 May 2023.
What is the last date ( close date ) of Sahana System IPO?
Sahana System IPO will close from 2 June 2023.
What is the price band of Sahana System IPO?
Sahana System IPO price band is ₹132 to ₹135. ( Upper Price Band: ₹135, Lower Price Band: ₹132 )
What is the minimum amount required to apply for Sahana System IPO?
The minimum investment for retailers to apply for Sahana System IPO is ₹135,000 and the maximum investment is ₹135,000.
What is going on gray market premium of Sahana System IPO?
View gray market premium of Sahana System IPO by Clicking Here
How much is the GMP of Sahana System IPO?
Watch Sahana System IPO GMP Today: Click Here
What is the allotment date of Sahana System IPO?
The Allotment Date of Sahana System IPO is 7 June 2023.
How to check allotment status in Sahana System IPO?
To check the allotment status of Sahana System IPO, first of all go to the registrar website by clicking here, select your bad Sahana System IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Sahana System IPO?
The Listing Date of Sahana System IPO is 12 June 2023.
How much will be the listing gain in Sahana System IPO?
View listing gain of Sahana System IPO by Clicking Here
How much time Sahana System IPO is subscribed?
Total 9.53 times subscribed in Sahana System IPO out of which 12.97 times subscription was done in retail quota, 6.41 times subscription in NII quota and 9.70 times subscription in QIB quota.
How to apply for Sahana System IPO from Upstox?
Click Here to see how to apply for Sahana System IPO from Upstox. (step by step)
How to apply for Sahana System IPO from Zerodha?
Click Here to see how to apply for Sahana System IPO from Zerodha. (step by step)
How to apply for Sahana System IPO from Angle One?
Click Here to see how to apply for Sahana System IPO from Angle One. (step by step)
