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IPO Note | Closed

Sahana Systems Ltd

01-Jan-1900

Minimum Investment

1,35,000

Retail Investor can invest upto Rs 0 in IPO
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Retail Discount

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Open Date

31-May-23
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Close Date

02-Jun-23
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Application Timing

IPO Details

  • Min Order Quantity
    1000
  • Price Range
    135-0
  • Issue Size
    32.74
  • Face Value
    10
  • Listing at
    NSE - SME
  • IPO Doc
    DRHP PDFpdf - img

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Lead Manager

Interactive Financial Services Ltd

About Company

Infollion Research Services Limited is a tech-oriented marketplace. They are operating in the B2B Human Cloud segment, catering to on-demand contingent hiring and work arrangements with senior management talent, subject matter experts, and high-ranking, seasoned professionals. In this highly dynamic and ever-evolving world, Infollion is providing a platform for workers or knowledge providers (gig workers) and employers or knowledge seekers to connect and find synergetic outcomes The client base of Infollion Research includes top-tier Global Management Consulting firms, Hedge funds, Private Equity funds, and mid-tier Corporates.

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    Parent Organization
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    Founded
  • managing-img
    Managing Director
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    Website
    www.sahanasystem.com
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    Registered Office
    901-A-Block Mondeal Square,Nr Iscon Elegance SG Highway,
    Ahmedabad,380015,Gujarat

IPO Schedule

Offer Start

31-May-23

Offer End

02-Jun-23

Allotment Finalization

NA

Refund initiation

NA

Demat transfer

NA

Listing

NA

Key Objective

Initial public issue of 24,25,000* equity shares of face value of Rs. 10 each ("Equity Shares") of Sahana System Limited ("Company") for cash at a price of Rs. 135 per equity share (including a share premium of Rs. 125 per equity share) ("Issue Price") aggregating to Rs. 32.74 crores of which up to 1,25,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 135 per equity share including a share premium of Rs. 125 per equity share aggregating to Rs. 1.69 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 23,00,000 equity shares of face value of Rs. 10 each at a price of Rs. 135 per equity share aggregating to Rs. 31.05 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 30.33 % and 28.76% respectively of the post issue paid up equity share capital of the company. The face value of equity shares is Rs. 10 each. The issue price is 13.5 times the face value of the equity shares.

Financial Snapshot (Consolidated)

Financial Year Ended Revenue( Crores) PAT ( Crores) EPS()
Mar 2024 69.05 18.21 22.77
Mar 2023 24.14 6.21 11.14
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Step 1

Go to IPO Online page

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Step 2

Login using your “client code” or PAN and mobile number by verifying OTP.

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Step 3

Click on “Apply IPO” to enter your bid quantity and UPI id.

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Step 4

Go to your UPI application and approve the payment request.

Viola! You have successfully applied to the IPO.

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Sometimes, the IPO is oversubscribed, and you may not get any shares allotted to you. In such cases the full amount will be refunded to you.

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