Incorporated in 2020, "Sahana System Limited" is engaged in the business of offering IT-related services. These include services like web app development, mobile application development, AI & ML development, ChatBot development, and product prototyping.
Further, the company also offers graphics designing, UI / UX design, SEO & ASO, digital marketing, website & application migration, cyber security, and outsourcing of IT services.
Sahana System has been certified as CMMI Maturity Level - 3 in E-Commerce department by Equalitas Certifications Limited. They also have received ISO 9001:2015 and ISO/IEC 27001:2013 accreditation from Equalitas Certifications Limited.
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.
| Purpose | Amount (₹ Cr) |
|---|---|
| To meet the working capital requirements | ₹7 |
| Installation of EV charging Station | ₹14 |
| General Corporate Purposes | ₹7 |
| Metric | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Total Assets | 2,418 | 1,499 | 773 |
| Revenue | 2,414 | 1,217 | 331 |
| PAT | 16 | 141 | 640 |
| Net Worth | 17 | 452 | 1,080 |
| Reserves | 523 | 143 | 16 |
| Total Borrowing | 477 | 513 | 723 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 230,000 (9%) | — |
| NII / HNI | — | 1,035,000 (43%) | — |
| Retail (RII) | — | 1,035,000 (43%) | — |
| Market Maker | — | 125,000 (5%) | — |
| Total | — | 2,425,000 (100%) | — |
* Amount calculated at upper price band (₹135) · ** Total includes all investor categories
- 1 Initiation of Refund 08 Jun 2023
- 2 Credit of Shares to Demat 09 Jun 2023
- Retail allocation is good at 43% of the total offering.
- HNI/NII demand is strong at 43%.
- Institutional (QIB) interest is good at 9%.
- The IPO P/E of 17x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹11.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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