Sahaj Solar IPO Date, Price, Allotment, and Review

Sahaj Solar IPO

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.

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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.

ApplicationLot SizeSharesAmount
Retail Minimum1800₹ 1,44,000
Retail Maximum1800₹ 1,44,000
S-HNI Minimum21600₹ 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 DateThursday, July 11, 2024
IPO Close DateMonday, July 15, 2024
Basis of AllotmentTuesday, July 16, 2024
Initiation of RefundsThursday, July 18, 2024
Credit of Shares to DematThursday, July 18, 2024
Listing DateFriday, July 19, 2024
Cut-off time for UPI mandate confirmation5 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 Ended30-Sep-2331-Mar-2331-Mar-2231-Mar-21
Assets8,483.629,081.506,103.223,463.94
Revenue6,110.3018,580.486,728.956,218.78
Profit After Tax207.48648.37102.570.58
Net Worth1,836.081,637.301,002.05927.45
Reserves and Surplus1,063.00859.22479.99405.4
Total Borrowing1,655.721,241.721,711.351,502.87

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.

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