Sahaj Solar Ltd
Price Range
₹171 - ₹180
Min. Quantity
800
Closes on
15 July 2024
Min. investment
₹1,44,000/800 Shares
Sahaj Solar Ltd IPO Timeline
Sahaj Solar Limited is a renewable energy solution provider company which gives them an edge in solar power market and is mainly engaged in three businesses of manufacturing of PV modules, providing solar water pumping systems and providing EPC Services.
| Event | Date |
|---|---|
| Sahaj Solar Ltd IPO Opening Date | 11 July 2024 |
| Sahaj Solar Ltd IPO Closing Date | 15 July 2024 |
| Basis of Allotment | 16 July 2024 |
| Initiation of Refunds | 18 July 2024 |
| Credit of Shares to Demat | 18 July 2024 |
| Sahaj Solar Ltd IPO Listing Date | 19 July 2024 |
Sahaj Solar Ltd IPO Details
| Sahaj Solar Ltd IPO Date | 11 July 2024 to 15 July 2024 |
| Sahaj Solar Ltd IPO Face Value | ₹10 per share |
| Sahaj Solar Ltd IPO Price | ₹171 to ₹180 per share |
| Sahaj Solar Ltd IPO Lot Size | 800 |
| Issue Size | Shares of ₹10 (aggregating up to ₹52.52 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹52.56 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Pramit Bharatkumar Brahmbhatt, Varna Pramit Brahmbhatt, Manan Bharatkumar Brahmbhatt |
Sahaj Solar Ltd IPO Lot Size
The Sahaj Solar Ltd IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹1,44,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 800 | ₹1,44,000 |
| Maximum | 1 | 800 | ₹1,44,000 |
- Strengths
- Risks
- Opportunities
- Well positioned solar PV module manufacturer in India to capture industry tailwinds and growth prospects for solar energy in India.
- Diversified base of customers with a large order book.
- Advanced manufacturing facilities with global accreditations.
- Extensive pan-India retail network.
- Experienced Promoter and management team with strong industry expertise and successful track record.
- Well versed and equipped with advance technology.
- Quality Assurance & Control.
Company Financials
Sahaj Solar Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 143.69 | 179.76 | 12.26 |
| 03-2023 | 87.42 | 183.69 | 5.81 |
| 03-2022 | 61.03 | 66.39 | 1.02 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Working capital requirements of the company
- General corporate purposes
Sahaj Solar Ltd IPO Promoter Holding
| Pre Issue Share Holding | 77.43% |
| Post Issue Share Holding | 56.85% |
Sahaj Solar Ltd IPO Subscription Status (Bidding Detail)
The Sahaj Solar Ltd IPO is subscribed 0 times on 15 July 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | - |
Sahaj Solar Ltd IPO Prospectus
Sahaj Solar Ltd IPO Listing Date
| Listing Date | 19 July 2024 |
| BSE Script | 65153 |
| NSE Symbol | SAHAJSOLAR |
| Listing In | NSE - SME |
| ISIN | INE0P4701011 |
| IPO Price | ₹180 |
| Face Value | ₹10 |
Company Contact Information
Office # 301 Ashirvad Paras OpPrahladnagar Garden Satellite,Ahmedabad-380051
Phone: +91 079 6817 1800
Email: cs@sahajsolar.com
Website: https://sahajsolar.com
Sahaj Solar Ltd IPO Registrar
Sahaj Solar Ltd IPO Lead Manager(s)
- Kunvarji Finstock Pvt Ltd
FAQ
What is the issue size of Sahaj Solar Ltd IPO?
I have pre-applied for Sahaj Solar Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.