Sahana System Rights Issue Date, Price, Allotment, Entitlement

0
Sahana System Rights Issue

Sahana System Rights Issue is scheduled on 11 – 25 Oct 2024

Incorporated in 2020, Sahana System provides various IT-related services, including web app development, mobile application development, AI & ML development, ChatBot development, and product prototyping. Further, the company also offers graphic design, UI/UX design, SEO & ASO, digital marketing, website and application migration, cybersecurity, and IT service outsourcing. The company offers a diverse range of services across various sectors, including fintech, healthcare, defense technology, and logistics.

The company is recognized as a start-up by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry. This recognition is valid for 10 years from the company’s incorporation, until 19 February 2030. The company’s customers are in Argentina, Saudi Arabia, Canada, and the United States. Export sales contributed 5.60%, 0.60%, and 94.95% of the company’s revenue from operations for FY 2023, FY 2022, and FY 2021, respectively.

The company was allotted 500 locations in Andhra Pradesh to set up electric vehicle charging points.

Sahana System Rights Issue Dates

Promoters of the Sahana System –


Sahana System Rights Issue Details

Sahana System Rights Issue Date11 – 25 October 2024
Sahana System Rights Issue PriceINR 890 per share
Issue Size (in Shares)5,49,084 shares
Issue Size (in INR)INR 48.87 crore
Issue Entitlement1 equity shares for every 15 equity shares held on record date
Terms of PaymentFully payable at the time of application
Sahana System Rights Issue Record Date25 September 2024
Face ValueINR 10 per share
Listing OnNSE

Sahana System Rights Issue Calculation

Sahana System Rights Issue PriceINR 890 per share
Market Price on Rights Issue ApprovalINR 1,350 per share
Dilution Factor (X)1.07
Fair Value After Dilution at Prevailing PriceINR 1,321.25 per share

Sahana System Financial Performance

 FY 2023FY 2024
Revenue24.069.0
Expenses14.046.0
OPM (%)40.034.0
Net income6.2018.21
Figures in INR Crores unless specified otherwise

Sahana System Rights Offer Objectives

The net proceeds from the offer are proposed to be used for the following objective

  • General Corporate Purposes

Sahana System Rights Offer Documents


Sahana System Rights Issue Dates

Rights Issue Approval Date17 September 2024
Rights Issue Record Date25 September 2024
Credit of Rights Entitlement25 September 2024
Rights Issue Opening Date11 October 2024
Last Date for Market RenunciationComing soon
Rights Issue Closing Date25 October 2024
Finalization of Basis of AllotmentComing soon
Rights Allotment DateComing soon
Credit Date Coming soon
Listing DateComing soon

Sahana System Rights Offer Registrar

Coming soon


Sahana System Issue Contact Details

SAHANA SYSTEM LIMITED
1301, Maple Trade Center
Near Surdhara Circle
Thaltejj Ahmedabad-380052
Phone: +919664848978
E-mail: [email protected]
Website: www.sahanasystem.com


Sahana System Rights Offer FAQs

What is the Sahana System Rights Issue Price?

The issue price is INR 890 per share.

What is the Sahana System Rights Issue entitlement ratio?

The eligible shareholders are offered 1 Equity Shares for every 15 Equity Shares held on the record date.

What is the Sahana System Rights Issue Record Date?

The Record date is 25 September 2024.

How to Apply in Sahana System Rights Offer?

The best way to apply in Sahana System Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.

LEAVE A REPLY

Please enter your comment!
Please enter your name here