Sahaj Solar Limited IPO
NSE SMEListed On: Jul 19, 2024 at ₹ 342.0
₹ 144000 /800 Shares
Check Allotment11 Jul, 2024
Open Date15 Jul, 2024
Close Date16 Jul, 2024
Allotment Date19 Jul, 2024
Listing DateIssue Price
₹171-180 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Kfin Technologies LimitedList Price
342.0Listing Date
2024-07-19Market Lot
800 Shares (₹144,000/-)Lead Manager
Kunvarji Finstock Pvt LtdIssue Size
2,920,000 shares(aggregating up to ₹52.56 Cr)Retail Portion
35%Subscription
513.74 times
The IPO of Sahaj Solar Limited is priced at ₹171-180 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Kfin Technologies Limited is the registrar of the issue.
Sahaj Solar Limited IPO bid opening date is from Jul 11, 2024 and the bid closing date was Jul 15, 2024.
Sahaj Solar Limited IPO allotment result will be available on Jul 16, 2024. The tentative listing date for Sahaj Solar Limited is Jul 19, 2024.
The total issue size is 2,920,000 shares(aggregating up to ₹52.56 Cr).
Sahaj Solar Limited IPO Subscription Details
| 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
EPS Pre IPO
₹8.04/-EPS Post IPO
₹3.78/-P/E Pre IPO
22.39P/E Post IPO
47.65ROE
39.96%ROCE
26.47%RoNW
39.96%PAT Margin
6.52Price to Book Value
4.41Sahaj Solar Limited Company Financials All values are in ₹ Lakh
| 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 |
About The Company
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)
Pre Issue Share Holding: 97.09%
Post Issue Share Holding: 71.28%
- Pramit Bharatkumar Brahmbhatt
- Varna Pramit Brahmbhatt
- Manan Bharatkumar Brahmbhatt
Sahaj Solar Limited IPO - Issue Objectives
- Working Capital Requirements of the Company
- General Corporate Purposes.
Other Details
Sahaj Solar Limited
Office No. 301, Ashirvad Paras, Opp. Prahladnagar Garden, Satellite, Ahmedabad - 380051Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ssl.ipo@kfintech.com
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.
