IPO

Sahaj Solar Limited IPO

NSE SME

Listed On: Jul 19, 2024 at ₹ 342.0

₹ 144000 /800 Shares

Check Allotment

Sahaj Solar Limited IPO Details

11 Jul, 2024

Open Date

15 Jul, 2024

Close Date

16 Jul, 2024

Allotment Date

19 Jul, 2024

Listing Date

Issue Price

₹171-180 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Kfin Technologies Limited

List Price

342.0

Listing Date

2024-07-19

Market Lot

800 Shares (₹144,000/-)

Lead Manager

Kunvarji Finstock Pvt Ltd

Issue Size

2,920,000 shares(aggregating up to ₹52.56 Cr)

Retail Portion

35%

Subscription

513.74 times

IPO Docs

DRHP

Sahaj Solar Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved550,400 / 412,800962,4001,925,600
Day 1 - 11-07-24 06:00 PM0.01 / 40.11 x68.27 x42.23 x
Day 2 - 12-07-24 06:00 PM3.18 / 94.34 x152.52 x97.37 x
Day 3 - 15-07-24 06:00 PM214.27 / 862.79 x535.26 x513.74 x
Total No. of Applications: 6,43,638 (Approx)

Sahaj Solar Limited Valuations

EPS Pre IPO

₹8.04/-

EPS Post IPO

₹3.78/-

P/E Pre IPO

22.39

P/E Post IPO

47.65

RoNW

%

Sahaj Solar Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets9,081.506,103.223,463.94
Revenue18,580.486,728.956,218.78
Profit After Tax648.37102.5070.58

About The Company

Sahaj Solar Limited was founded in 2010 and is a provider of renewable energy solutions.

The company has three business units:

PV module manufacturing: The company's PV module manufacturing facility is located at Bavla, Ahmedabad, Gujarat. It is spread over an area of 2,883.77 square metres and has a building of 2445.5 square metres comprising both factory and office space. The plant has a capacity of 100 MW. The company's automated manufacturing facility offers mono and polycrystalline PV modules for various solar projects in India and abroad. The facility also manufactures a mono PERC (Passivated Emitter and Rear Contact) module.

Provision of solar water pumping systems.Providing EPC services to PAN India customers: This includes design, supply, installation, testing, commissioning and maintenance of projects of all sizes, from a simple domestic solar system to a large solar power plant set-up.

As of September 30,2023, the company employed over 64 people in the areas of administration, accounting and finance, human resources, projects, procurement, operations manager, sales and marketing, production and operations, and top management.

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Sahaj Solar Limited - Promoter(s)

Pre Issue Share Holding: %

Post Issue Share Holding: %

Company Promoter(s)

  1. Pramit Bharatkumar Brahmbhatt
  2. Varna Pramit Brahmbhatt
  3. Manan Bharatkumar Brahmbhatt

Sahaj Solar Limited IPO - Issue Objectives

  1. Working Capital Requirements of the Company
  2. General Corporate Purposes.

Other Details

Company Contact Details

Sahaj Solar Limited

Office No. 301, Ashirvad Paras, Opp. Prahladnagar Garden, Satellite, Ahmedabad - 380051

Phone: +91-079-68171800

Email: cs@sahajsolar.com

Website: http://www.sahajsolar.com/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: ssl.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

Sahaj Solar Limited IPO - FAQs

Ans. Sahaj Solar Limited IPO is a SME IPO. The issue is priced at ₹171-180 per equity share. The minimum order quantity is 800 Shares. The IPO opens on Jul 11, 2024, and closes on Jul 15, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Sahaj Solar Limited IPO opens on Jul 11, 2024 and closes on Jul 15, 2024.

Ans. The size of Sahaj Solar Limited IPO is 2,920,000 shares(aggregating up to ₹52.56 Cr).

Ans. The IPO price band is set between ₹171-180 per equity share.

Ans. To apply for Sahaj Solar Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Sahaj Solar Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Sahaj Solar Limited IPO is Jul 16, 2024.

Ans. The Sahaj Solar Limited IPO will be listed on Jul 19, 2024.

Ans. Follow the steps to check the allotment status for Sahaj Solar Limited IPO here.