Sahasra Electronic Solutions Share Price

Sahasra Electronic Solutions Limited was incorporated as Limited Company vide Certificate of Incorporation dated February 22, 2023 issued by Registrar of Companies, Central Registration Centre. The Company is engaged in providing solutions towards electronics system design and manufacturing (ESDM) services at its manufacturing plant located at Noida, Uttar Pradesh, which operate with 8 SMT lines having a total capacity of 18 million units. The Company provide product and solutions right from printed circuit board (PCB) assembly, Box Build, LED lighting. Memory, IT accessories, computer and IT hardware. The Promoter and Managing Director, Amrit Lal Manwani, was earlier undertaking the business of trading of diesel as a sole proprietorship concern in the name of Northern Petroleum Company, which later entered into the business of PCB assembly during the FY 2021 under the name of Sahasra Electronic Solutions. The Company operate through their manufacturing facility situated at Noida, Uttar Pradesh, which is located in a Special Economic Zone.The manufacturing facilities comprises of four SMT lines with machines including RMTS high speed clip machine, surface mount technology (SMT) machines, lead free wave soldering machine, PCBA router, high speed compact modular mounter, reflow oven and surface cleaning machines. Additionally, the Company also installed quality inspection machines such as high speed PWB inspection, PWB Visual inspection and XRay inspection machines to ensure product quality.The Company acquired the running business of proprietorship concern, M/s Sahasra Electronic Solutions as going concern in February 2023. During the FY 202425, the Company acquired 54.18% stake in Sahasra Semiconductor Private Limited, making it a Subsidiary of the Company effective from June 21, 2024. The Company launched the Initial Offer aggregating an issuance of 65,78,000 Equity Shares of face value Rs 10 each by raising funds aggregating to Rs 186.15 Crore, comprising a fresh issue of 60,78,000 equity shares aggregating to Rs 172 Cr. and the offer for sale of 5,00,000 equity shares aggregating to Rs 14.15 Cr. in September, 2024.