Sahana System IPO GMP, Review, Price, Allotment

Last updated on October 25, 2023

Sahana System IPO description – Incorporated in 2020, Sahana System is engaged in the business of offering IT-related services including 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 and outsourcing of IT services.

Currently, the company’s customers are based out of Argentina, Saudi Arabia, Canada, and America. Its sales through exports contributed 5.60%, 0.60%, and 94.95% respectively from our revenue from operations for the year ended 31 March 2023, 2022, and 2021 respectively.

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 till up to 19 February 2030.

Promoters of Sahana System – Pratik Ramjibhai Kakadia

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Sahana System IPO Details

Sahana System IPO Dates	31 May – 2 Jun 2023
Sahana System IPO Price	INR 132 – 135 per share
Fresh issue	24,25,000 shares (INR 32.01 – 32.74 crores)
Offer For Sale	NIL
Total IPO size	24,25,000 shares (INR 32.01 – 32.74 crores)
Minimum bid (lot size)	1,000 shares (INR 135,000)
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE SME

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Sahana System Financial Performance

	FY 2021	FY 2022	FY 2023
Revenue	331.47	1,217.39	2,414.23
Expenses	309.06	1,021.86	1,528.04
Net income	16.44	141.18	639.64

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Sahana System Offer News

• Sahana System RHP
• Sahana System Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

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Sahana System Valuations & Margins

	FY 2020	FY 2021	FY 2022
EPS	0.30	2.54	11.48
PE ratio	–	–	11.50 – 11.76
RONW (%)	94.27	31.23	59.24
NAV	0.31	8.15	19.38
ROCE (%)	10.88	27.84	61.05
EBITDA (%)	25.43	22.81	40.07
Debt/Equity	41.47	1.13	0.44

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Sahana System IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
9 June 2023	25	–	20,000
8 June 2023	30	–	15,000
7 June 2023	22	–	10,000
6 June 2023	18	–	7,000
5 June 2023	18	–	8,000
2 June 2023	10	–	10,000
1 June 2023	10	–	10,000
31 May 2023	10	–	10,000

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Sahana System IPO Subscription – Live Updates

Category	QIB	Non-retail	Retail	Total
Shares Offered	230,000	1,160,000	1,035,000	2,425,000
2 Jun 2023	9.70	6.41	12.89	9.49
1 Jun 2023	1.16	2.60	3.11	2.68
31 May 2023	0.16	1.48	0.87	1.09

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Sahana System Offer Lead Manager

UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park,
Andheri Kurla Road, Andheri East, Mumbai 400059
Phone: +91 98200 57533
Email: [email protected]
Website: www.unistonecapital.com

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Sahana System Offer Registrar

PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
Unit No. 9, Ground Floor,
Shiv Shakti Industrial Estate, J. R.
Boricha Marg, Lower Parel (East),
Mumbai – 400011, Maharashtra
Phone: +91 22-23010771/8261
Email: [email protected]
Website: www.purvashare.com

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Sahana IPO Contact Details

SAHANA SYSTEM LIMITED
901-A-Block, Mondeal Square, Nr. Iscon Elegance,
S.G. Highway, Prahladnagar Ahmedabad 380015
Phone: +91-79-46014490
E-mail: [email protected]
Website: www.sahanasystem.com

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Sahana IPO Allotment Status

Sahana System IPO allotment status is now available on Purva Sharegistry’s website. Click on this link to get allotment status.

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Sahana System IPO Dates & Listing Performance

IPO Opening Date	31 May 2023
IPO Closing Date	2 June 2023
Finalization of Basis of Allotment	7 June 2023
Initiation of refunds	8 June 2023
Transfer of shares to demat accounts	9 June 2023
IPO Listing Date	12 June 2023
Opening Price on NSE SME	INR 163 per share (up 20.74%)
Closing Price on NSE SME	INR 171.15 per share (up 26.78%)

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IPO FAQs