Sahaj Solar Limited IPO
NSE SMEListed On: Jul 19, 2024 at ₹ 342.0
₹ 288000 /1600 Shares
*Min Investment
11 Jul, 2024
Open Date15 Jul, 2024
Close Date16 Jul, 2024
Allotment Date19 Jul, 2024
Listing DateSahaj Solar Limited IPO Issue Details
- Issue Price ₹171-180 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 29,20,000 shares(aggregating up to ₹52.56 crore)
- Fresh Share 29,20,000 shares(aggregating up to ₹52.56 crore)
- Listing at NSE SME
- List Price 342.0
- Listing Date 2024-07-19
- Lead Manager Kunvarji Finstock Pvt Ltd
- Registrar Kfin Technologies Limited
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 offers total 2,920,000 shares. Out of which 550,400 (18.85%) allocated to QIB, 412,800 (14.14%) allocated to NII,962,400 (32.96%) allocated to RII, NA (NA%) allocated to employees and 824,000 (28.22%) allocated to 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 Details
Sahaj Solar Limited IPO is an SME IPO, priced at ₹171-180 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 29,20,000 equity shares, aggregating up to ₹52.56 crores..
The IPO bidding window is open from Jul 11, 2024 to Jul 15, 2024. The allotment is expected to be finalized on Jul 16, 2024, and the tentative listing date is Jul 19, 2024.
The minimum lot size for Retail investors is 800 shares, with a minimum investment of ₹1,44,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,88,000.
Kunvarji Finstock Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Aftertrade Broking Pvt Ltd will act as the market maker for this issue.
Sahaj Solar Limited IPO Subscription Analysis And 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
Sahaj Solar Limited Company Financials
| 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 Sahaj Solar Limited 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)
Pramit Bharatkumar Brahmbhatt
Varna Pramit Brahmbhatt
Manan Bharatkumar Brahmbhatt
Pre Issue Share Holding : 97.09%
Post Issue Share Holding : 71.28%
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 Details
Sahaj Solar Limited
Office No. 301, Ashirvad Paras, Opp. Prahladnagar Garden, Satellite, Ahmedabad - 380051
+91-079-68171800
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Sahaj Solar Limited IPO is 2,920,000 shares(aggregating up to ₹52.56 Cr).
Ans. The Sahaj Solar Limited IPO price band is set between ₹171-180 per equity share.
Ans. To apply for Sahaj Solar Limited 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 Sahaj Solar Limited IPO allotment status online.
