IPO Details

Bidding Dates

31 May '23 - 02 Jun '23

Minimum Investment

₹135,000 / 1 Lots (1000 Shares)

Price Range


Maximum Investment

₹135,000 / 1 Lots (1000 Shares)

Retail Discount

Not Applicable

Issue Size

₹32.74 Cr

Investor category and sub category

Qualified Institutional Buyers   |   Non-Institutional Investors  |   Retail Individual Investors  |  

Sahana System IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

May 31, 2023

IPO Closing Date

Jun 2, 2023

Basis of Allotment

Jun 7, 2023

Initiation of Refunds

Jun 8, 2023

Credit of Shares to Demat Account

Jun 9, 2023

IPO Listing Date

Jun 12, 2023

UPI Mandatory Expiry Date

Jun 2, 2023

Sahana System IPO Subscription Details


Day 1May 31, 2023

0.16 1.48 0.89 1.10

Day 2Jun 1, 2023

1.16 2.60 3.14 2.69

Day 3Jun 2, 2023

1.16 2.72 4.42 3.30

Sahana System IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyers 1.16
Non-Institutional Investors 2.72
Retail Investors 4.42
Employees [.]
Others [.]
Total 3.30

About Company

Sahana System Ltd. is an India-based IT company offering a range of services involving web app development, mobile application development, AI & ML development, UI/UX Design, SEO & ASO, digital marketing, cyber securities and IT services outsourcing, etc. 

It operates primarily in two business lines: IT services and hardware trading. 

The company caters to industries including healthcare, surveillance, retail, restaurant, education, e-learning, banking, media & entertainment, fintech etc. 


Sahana System Limited IPO Details

Retail investors can bid for the Sahana System Limited IPO that will open on May 31, 2023. It is a 100% fresh equity share IPO containing 2,425,000 shares worth Rs. 32.74 crore.

The upper and lower limits are respectively fixed at Rs. 132 and Rs. 135 per share. 

The initial public offering will list on the NSE exchange on June 12, 2023. 

Sahana System Limited IPO Objective 

The objectives of Sahana System Limited's IPO are listed below.

  • To spend on instaling new EV stations 
  • Meet the working capital requirements and general corporate purposes
  • To meet issue expenses 

Should you invest in Sahana System Limited?

Here are a few important reasons to consider before investing in the IPO:

  • The company is diversifying into the EV segment by undertaking projects to install EV charging stations. It has signed a tripartite agreement with NREDCAP, a government agency, as an empanelled partner.
  • The company offers a diversified product portfolio that includes IT services and hardware trading.
  • The end-to-end IT service covers each stage of the business life cycle.
  • The company’s international client base is spread across Argentina, Saudi Arabia, America, and Canada. 

Competitive Peers 

There is no comparable peer company listed in India engaged in the same business line. Hence, a strict comparison is not possible. 

Highlights of Sahana System Ltd. 

  • The contribution from the top 10 customers in revenue from operations in the last three fiscal years was 74.33% in FY21, 91.46% in FY22, and 82.68% in FY23. 

Sahana System Company Financials

Particulars Year ending on March 31, 2023 (₹ Lakh) Year ending on March 31, 2022 (₹ Lakh) Year ending on March 31, 2021 (₹ Lakh)
Revenue from Operations 2414.23 1,217.39 331.47
Profit After Tax (PAT) 639.64 141.18 16.44
PAT Margin 26.49% 11.60% 4.96%
EBITDA 967.46 277.70 84.30
EBITDA Margin 40.07% 22.81% 25.43%
Debt-to-Equity Ratio 0.44 1.13 41.47
EPS 11.48 2.54 0.30
ROE 83.52% 60.14% 178.31%

Know before investing


  1. It offers end-to-end IT services.

  2. It’s a CMMI Level 3 company.

  3. Sahana System has received several awards and accolades.


  1. The company operates in a highly competitive and fragmented market with many players.

  2. The company was founded in 2020. Hence, there isn’t enough financial data on which to base investment decisions.

  3. The company has no experience in the business of installing EV charging stations.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Sahana System IPO FAQs

What is Sahana System Limited 's IPO?

The Sahana System Ltd. IPO contains 24.25 lakh fresh equity shares for Rs. 32.74 crore. The price band is fixed at Rs. 132-135 per share, and the bidding window will open on May 31, 2023. 

When will Sahana System Limited's IPO allotment be available?

The Basis of Allotment will happen on June 7, 2023

What will be Sahana System Limited's IPO lot size?

The lot size for Sahana System Ltd. is 1000 equity shares for one lot.

When will Sahana System Limited's IPO open for subscription?

The IPO subscription window will open on May 31, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Sahana System Limited list on exchanges?

Sahana System Ltd. IPO will list on the NSE exchange on June 12, 2023.

How do I check the allotment status of the Sahana System Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  •  Validate with an OTP.
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit’

What would be the listing gains on the Sahana System Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is June 12, 2023, for Sahana System Ltd.

I have finished the application process for the Sahana System Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Sahana System Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Sahana System Limited using one PAN?

You can submit only one application using your PAN card.

What is the minimum order quantity for the Sahana System Limited IPO?

The minimum order size for the Sahana System Limited IPO is 1000 shares per lot.