Sahasra Electronic Solutions Ltd. has announced public offering of 6578000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 273.00 per share. The gross proceeds of the issue are expected to be Rs 18,615.74 lakhs.

The company's initial public offer (IPO) will open on 26 September 2024 and is expected to close on 30 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 269.00-283.00 per share.

The IPO includes a fresh Issue of 6578000 Equity Shares of the Company at an price of Rs 283.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 400 shares with bids in multiples of 400.

Sahasra Electronic Solutions Ltd. anticipates using the proceeds of the issue for .

Hem Securities Ltd as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.