Equity shares in Sahana System Limited will be issued via a book built issue in the company’s Initial Public Offering (IPO). The initial public offering (IPO) for Sahana System Limited is set for the week of May 31 – June 02, 2023. With a face value of Rs. 10, each of the 2,425,000 shares up for sale in the IPO may bring in as much as 32.74 Cr. for the company. Let’s learn more about their initial public offering scheduled for May of 2023.
About Sahana System Limited
The “Sahana System Limited” company began providing IT-related services in 2020 after being formally established. Web app development, mobile app development, AI & ML development, ChatBot development, and product prototyping are all examples of these types of services.
The company also provides website and application migration, cyber security, IT outsourcing, and search engine optimization and analytics as well as user interface and user experience design. Equalitas Certifications Limited has recognized Sahana System’s E-Commerce capabilities as having achieved CMMI Maturity Level – 3. The Ministry of Commerce and Industry’s Department for the Promotion of Industry and Internal Trade has officially designated the Company as a startup.
Sahana System Limited IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 31st May 2023 |
| Issue Closes | 02nd June 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 132 to Rs. 135 Per Share |
| Issue Size | 2,425,000 Shares (Rs 32.74 crores) |
| Minimum Order Quantity | 1000 Shares |
| Listing | NSE, SME |
Purpose of the Issue
To finance these initiatives, the Company plans to use the Net Proceeds from Issue:
- Funding Need for Working Capital
- Installation of EV charging Station
- General Corporate Purposes
- General Business Use
Sahana System Limited — Company Contact Details
- Registered & Corporate Office: 901-A-Block, Mondeal Square, Nr. Iscon Elegance, S.G. Highway, Prahladnagar Ahmedabad – 380015
- Telephone: +91 79 4601 4490
- Website:http://www.sahanasystem.com/
Sahana System Limited IPO – Lead Managers of the Issue
Unistone Capital Pvt Ltd
- Office Address: 12, Floor no – 2, Shashank CHS LTD, Manmala Tank Road, NR. Starcity Cinema, Mahim Mumbai 400016 India
- Telephone: 022-2430-6977
- Email: mb@unistonecapital.com
Interactive Financial Services Ltd
- Office Address: A – 1006, Premium House, B/h Handloom House, Ashram Road, Ahmedabad – 380009
- Telephone: +91-79-2658 1240
- Email: info@iFinServices.com
Sahana System Limited IPO – Registrar of the Issue
Purva Sharegistry India Pvt Ltd
- Telephone: +91-022-23018261/ 23016761
- Email: support@purvashare.com
- Website: http://www.purvashare.com
Sahana System Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Interestingly just provides basic information as an update about the issues. Interestingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
