Sahaj Solar IPO is gearing up for its upcoming IPO, scheduled to commence on July 11, 2024, and conclude on July 15, 2024. This IPO, categorized under NSE SME, aims to raise ₹52.56 crores. The price band for the Sahaj Solar IPO has been set between ₹171 to ₹180 per share, with a market lot of 800 shares.
Sahaj Solar operates as a prominent player in the solar solutions sector, boasting nearly a decade of experience across various verticals in renewable power generation. The company holds a unique position in the market as both a manufacturer and service provider, specializing in PV module manufacturing, solar pumping systems, and EPC services.
Sahaj Solar Company overview
The first division of Sahaj Solar focuses on PV module manufacturing, operating from a dedicated plant in Bavla, Ahmedabad, Gujarat, India. Spanning approximately 2,883.77 square meters of land, the facility includes a 2445.5 square meter construction housing both factory and office spaces. This setup enables the company to produce high-quality and cost-effective solar panels. Sahaj Solar’s automated production facility specializes in mono-crystalline and poly-crystalline PV modules tailored for diverse solar projects across India and international markets.
The integrated manufacturing plant also produces Mono PERC (Passivated Emitter and Rear Contact) modules, renowned for efficiency rates exceeding 21%. Leveraging Crystalline Photovoltaic Technology, Sahaj Solar enhances module efficiency and brand positioning. The plant’s flexibility allows for customized PV module sizes, further reinforcing the company’s reputation in the solar industry under the brand name ‘SAHAJ’. Committed to reliability, Sahaj Solar delivers comprehensive solar solutions through its streamlined PV module manufacturing and end-to-end EPC services.
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Objectives of the Issue:
Fulfilling Working Capital Requirements of the Company
General Corporate Purposes
Sahaj Solar IPO Overview
Review coming soon.
Details on Sahaj Solar IPO Date & Price
| IPO Open: | July 11, 2024 |
| IPO Close: | July 15, 2024 |
| IPO Size: | Approx ₹52.56 Crores, 2,920,000 Equity Shares |
| Fresh Issue: | Approx ₹52.56 Crores, 2,920,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹171 to ₹180 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
Sahaj Solar IPO Market Lot
Investors are required to apply for a minimum of 800 shares in the Sahaj Solar IPO, amounting to ₹144,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹ 1,44,000 |
| Retail Maximum | 1 | 800 | ₹ 1,44,000 |
| S-HNI Minimum | 2 | 1600 | ₹ 2,88,000 |
Sahaj Solar IPO Schedule
The Sahaj Solar IPO is scheduled to open on July 11 and close on July 15. Allotment of shares is expected on July 16, with tentative listing on July 19.
| IPO Open Date | Thursday, July 11, 2024 |
| IPO Close Date | Monday, July 15, 2024 |
| Basis of Allotment | Tuesday, July 16, 2024 |
| Initiation of Refunds | Thursday, July 18, 2024 |
| Credit of Shares to Demat | Thursday, July 18, 2024 |
| Listing Date | Friday, July 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 15, 2024 |
Sahaj Solar Limited Financial Performance
Sahaj Solar Limited reported a significant growth in revenue, rising by 176.13%, and a substantial increase in profit after tax (PAT), which surged by 532.56% between the financial years ending March 31, 2023, and March 31, 2022.
| Amount in ₹ Lakhs | ||||
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 8,483.62 | 9,081.50 | 6,103.22 | 3,463.94 |
| Revenue | 6,110.30 | 18,580.48 | 6,728.95 | 6,218.78 |
| Profit After Tax | 207.48 | 648.37 | 102.5 | 70.58 |
| Net Worth | 1,836.08 | 1,637.30 | 1,002.05 | 927.45 |
| Reserves and Surplus | 1,063.00 | 859.22 | 479.99 | 405.4 |
| Total Borrowing | 1,655.72 | 1,241.72 | 1,711.35 | 1,502.87 |
Peer Group Companies
Shakti Pumps (India) Limited
Zodiac Energy Limited
Solex Energy Limited
Company Promoters
Pramit Bharatkumar Brahmbhatt
Varna Pramit Brahmbhatt
Manan Bharatkumar Brahmbhatt
Sahaj Solar IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ssl.ipo@kfintech.com
Website: Kfin Technologies IPO Status
Sahaj Solar IPO Allotment Status
Check Sahaj Solar IPO allotment status on the Kfin Technologies website.
Sahaj Solar IPO Lead Managers (Merchant Bankers)
Kunvarji Finstock Pvt Ltd
Company Address
Sahaj Solar Limited
Office No. 301, Ashirvad Paras,
Opp. Prahladnagar Garden,
Satellite, Ahmedabad – 380051
Phone: +91-079-68171800
Email: cs@sahajsolar.com
Website: www.sahajsolar.com
Sahaj Solar IPO FAQs
What is Sahaj Solar IPO?
Sahaj Solar IPO is an NSE SME IPO aiming to raise ₹52.56 Crores. The issue price ranges from ₹171 to ₹180 per equity share, and the IPO will be listed on NSE.
When will Sahaj Solar IPO open?
The IPO will open on July 11, 2024, for QIB, NII, and Retail Investors.
What is the investor’s portion for Sahaj Solar IPO?
QIB: 50%, NII: 15%, Retail: 35%.
How to apply for Sahaj Solar IPO?
You can apply via ASBA online through your bank account or via UPI through your stock brokers. Offline applications are also accepted through stock brokers.
What is the minimum and maximum lot size for Sahaj Solar IPO?
Minimum: 800 shares (₹144,000).
When is Sahaj Solar IPO listing date?
July 19, 2024. The IPO will be listed on NSE SME.
