Sahana System Limited IPO

01 Jun 2023|

1 min read |

by ICICI Securities Team

About the Company

Sahana System Limited is incorporated in 2020 and offers IT - relating services. It is a registered start-up and is recognised by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry. This certificate is valid for 10 years, which entitles the company to a host of privileges for instance they can enjoy exemption from angel tax.

Products

The services offered by the company include mobile application development, web app development, AI & ML development, product prototyping and ChatBot development.

IPO details

IPO subscription dates: May 31 to June 2, 2023

Price: Rs. 132 – Rs. 135 per share

Lot size: 1000 shares

IPO Objective

The amount raised would be used:

To meet the working capital requirements
For the installation of EV charging Station
For the General Corporate Purposes
To meet the issue expenses

Company Financials

Particulars	For year ended Mar 31, 2023	For year ended March 31, 2022	For year ended March 31, 2021
Net worth (in lakhs)	1,079.71	452.06	17.44
Total Borrowings (in lakhs)	477.04	512.59	723.25
Total Revenues (in lakhs)	2,414.23	1,217.39	331.47

Strengths

The company offers end-to-end IT services and ensures quality work.
They are recognised with several Certifications, Awards and Accreditations.
Leveraging the experience of their Promoter

Major Business-Related Risk

One of the Objects of the issue is for installation of an EV charging station in which promoter has no experience.
The company was unable to procure confirmed order from New & Renewable Energy Development Corporation of Andhra Pradesh Limited (NREDCAP) for the purpose for which funds are being raised from this Issue.
The Secured Loan from Tamilnad Mercantile Bank Limited (TMB) is not transferred by the bank from partnership to its company name.

How to apply for a Quick IPO on ICICIdirect?

Select IPO

Go to the IPO section, select the IPO you want to apply for from the list, and click on ‘Apply’.

Fill in the required details

Fill in the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto-calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on the “Add bid” option.

Confirm your request

Click on proceed to confirm the order. You can view the placed order under “Order book”. If you are applying using UPI, check the A/C and UPI details before clicking on proceed. You will get a UPI link through which the payment can be made.

Disclaimer

ICICI Securities Limited has its registered office at ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025, India, Tel No:- 022 - 2288 2460, 022 - 2288 2470. The non-broking products / services like iLearn and Financial Learning are not exchange traded products / services and ICICI Securities Ltd. is just acting as a distributor/ referral Agent of such products / services and all disputes with respect to the distribution activity would not have access to Exchange investor redressal or Arbitration mechanism. iLearn is not an exchange traded product/service of ICICI Securities Ltd. All disputes with respect to the activity on the platform would not have access to Exchange investor redressal or Arbitration mechanism.

ICICI Securities Ltd. is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. ICICI Securities Ltd. is a SEBI registered with SEBI as a Research Analyst vide registration no. INH000000990. Name of the Compliance officer (broking): Mr. Atul Agrawal, Contact number: 022-69997051, E-mail address: complianceofficer@icicisecurities.com Investments in securities markets are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. ICICI Securities Ltd. and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. AMFI Regn. No.: ARN-0845. PFRDA registration numbers: POP no -05092018. ICICI Securities Ltd. acts as a Composite Corporate agent having registration number -CA0113. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. Please note, Mutual Fund, Corporate Fixed Deposits, Bonds, Alternate investment funds, Tax planning, Succession planning, NPS, IPO, Investment Advisory and Loans related services are not Exchange traded products and ICICI Securities Ltd. is acting as a distributor to solicit these products. Please note, Insurance related services are not Exchange traded products and ICICI Securities Ltd. is acting as a corporate agent to solicit these products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The non-broking products / services like Research, etc. are not exchange traded products / services and all disputes with respect to such activities would not have access to Exchange investor redressal or Arbitration mechanism. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

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