Sahaj Solar Limited IPO
Sahaj Solar Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹171–₹180 per share. The stock debuted at ₹342, delivering a listing gain of 90.0%. The IPO had a lot size of ₹800 shares and a minimum investment of ₹1,44,000.
Sahaj Solar Limited IPO
- IPO Dates
- Jul 11, 2024 – Jul 15, 2024
- Price band
- ₹171-180 per equity share
- Minimum Investment
- ₹1,44,000
- Issue size
- ₹52.56 Cr
- Lot size
- 800
- Allotment Date
- Jul 16, 2024
- Listing
- Jul 19, 2024
- Listing At
- NSE SME
IPO timeline
-
Jul 11, 2024
Open Date
Completed
-
Jul 15, 2024
Close Date
Completed
-
Jul 16, 2024
Allotment Date
Completed
-
Jul 19, 2024
Listing Date
Completed
Sahaj Solar Limited IPO Essentials
Sahaj Solar Limited IPO Details
Sahaj Solar Limited IPO is priced at ₹171-180 per share with a total issue size of 52.56 crore. The IPO has a lot size of 800 shares and is listed on NSE SME.
- Issue price
- ₹171-180 per equity share
- Lot size
- 800 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 2,920,000 shares(aggregating up to ₹52.56 Cr)
- Total issue size
- 29,20,000 shares
(aggregating up to ₹52.56 crore) - Fresh issue
- 29,20,000 shares
(aggregating up to ₹52.56 crore) - Listing at
- NSE SME
- List price
- 342.0
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Kunvarji Finstock Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 800 | ₹1,44,000 |
| Retail(max) | 1 | 800 | ₹1,44,000 |
| NII (min) | 2 | 1,600 | ₹2,88,000 |
Sahaj Solar Limited IPO Reservation
Sahaj Solar Limited IPO reservation details show category-wise allocation of shares. Out of the total 2,920,000 shares, approximately 18.85% are reserved for QIB, 14.14% for NII, 32.96% for retail investors, 5.01% for market maker, and 28.22% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 824,000 (28.22%) | |
| Market Maker Shares Offered | 146,400 (5.01%) | |
| QIB Shares Offered | 550,400 (18.85%) | |
| NII (HNI) Shares Offered | 412,800 (14.14%) | |
| Retail Shares Offered | 962,400 (32.96%) | |
| Total Shares Offered | 2,920,000 (100%) |
Sahaj Solar Limited IPO Analytics
Sahaj Solar Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Sahaj Solar Limited IPO Subscription Status
Sahaj Solar Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 550,400 / 412,800 | 962,400 | 1,925,600 |
|
Day 1
11-07-24 06:00 PM
|
(0.01 / 40.11) x | 68.27 x | 42.23 x |
|
Day 2
12-07-24 06:00 PM
|
(3.18 / 94.34) x | 152.52 x | 97.37 x |
|
Day 3
15-07-24 06:00 PM
|
(214.27 / 862.79) x | 535.26 x | 513.74 x |
Sahaj Solar Limited Valuations
Earnings
- EPS Pre IPO
- ₹8.04/-
- EPS Post IPO
- ₹3.78/-
- P/E Pre IPO
- 22.39
- P/E Post IPO
- 47.65
Returns
- ROE
- 39.96%
- ROCE
- 26.47%
- RoNW
- 39.96%
- PAT Margin
- 6.52
Fundamentals
- Price / Book
- 4.41
Sahaj Solar Limited Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 14,936.40 | 9,081.50 | 6,103.22 |
| Revenue | 20,171.55 | 18,580.48 | 6,728.95 |
| Profit After Tax | 1,337.29 | 648.37 | 102.50 |
| Net Worth | 3,293.12 | 1,637.30 | 1,002.05 |
| Reserves & Surplus | 2,496.78 | 859.22 | 479.99 |
| Total Borrowing | 5,680.86 | 1,361.97 | 1,711.35 |
Sahaj Solar Limited Company & Offer Insights
About Sahaj Solar Limited
Sahaj Solar Limited is a renewable energy solution provider. It was incorporated in the year 2010.
The three business units are as follows:
PV module manufacturing: The company's PV module manufacturing facility is at Bavla, Ahmedabad, Gujarat. It spreads over an area of 2,883.77 square meters, with a building of 2445.5 square meters, which has factory as well as office space. The plant has a capacity of 100 MW. The company's automated manufacturing facility provides mono and polycrystalline PV modules for solar projects in India and abroad. The facility also manufactures a mono PERC (Passivated Emitter and Rear Contact) module.
Installation of the solar water pumping system
EPC services for PAN India customers: This encompasses 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.
Up to September 30, 2023, it had more than 64 staff members in administrative, accounting, and finance personnel, human resource personnel, projects, procurement, operations manager, sales and marketing, production, and operations managers, and senior managements.
Sahaj Solar Limited Promoter(s)
Pramit Bharatkumar Brahmbhatt, Varna Pramit Brahmbhatt, Manan Bharatkumar Brahmbhatt are the company's promoters of Sahaj Solar Limited.
Sahaj Solar Limited IPO Issue Objectives
- •
- Working Capital Requirements of the Company
- •
- General Corporate Purposes.
Sahaj Solar Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Sahaj Solar Limited | 16.7 | 16.7 | 40.83 | 10.86 | 39.96 | 4.41 | Consolidated |
| Shakti Pumps (India) Ltd. | 76.91 | 76.91 | 377.19 | 17.34 | 18.75 | 3.54 | Consolidated |
| Zodiac Energy Limited | 7.5 | 7.5 | 32.51 | 51.62 | 23.06 | 11.91 | Consolidated |
| Solex Energy Limited | 10.92 | 10.92 | 57.8 | 74.18 | 18.89 | 14.01 | Consolidated |
Notes:
- P/E ratio has been calculated after considering the closing NSE price of the peer as of March 31, 2024, obtained from the NSE website.
- All the financial information for Sahaj Solar Limited mentioned above is consolidated from the Restated Financial Statements for the year ended March 31, 2024.
Contact Information
Contact Details
Sahaj Solar Limited
+91-079-68171800
Office No. 301, Ashirvad Paras, Opp. Prahladnagar Garden, Satellite, Ahmedabad - 380051
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Sahaj Solar Limited IPO is a book-built IPO worth ₹52.56 crore. The price band is ₹171–₹180 per share. The IPO opens on Jul 11, 2024 and closes on Jul 15, 2024. It will be listed on NSE SME Platform. Kfin Technologies Limited is the registrar.
The price band of Sahaj Solar Limited IPO is ₹171 to ₹180 per share.
The lot size of Sahaj Solar Limited IPO is 800 shares.
The minimum investment for Sahaj Solar Limited IPO is approximately ₹1,44,000 based on the upper price band .
Sahaj Solar Limited IPO opens on Jul 11, 2024 and closes on Jul 15, 2024.
The allotment date of Sahaj Solar Limited IPO is Jul 16, 2024.
Sahaj Solar Limited IPO is expected to be listed on Jul 19, 2024, on NSE SME Platform.
Sahaj Solar Limited IPO valuation snapshot: P/E 47.65, EPS ₹3.78/-, P/B 4.41, RoNW 39.96%, and market cap N/A.
To apply for Sahaj Solar Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Sahaj Solar Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Sahaj Solar Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Sahaj Solar Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Sahaj Solar Limited IPO allotment status on IPO Ji for quick and easy access.