Contents
- 1 Table of Contents
- 2 Sahaj Solar IPO Details
- 3 Sahaj Solar IPO Date
- 4 Lot Size
- 5 Sahaj Solar IPO GMP (Grey Market Premium)
- 6 Sahaj Solar IPO Subscription Status
- 7 Sahaj Solar IPO Allotment Status
- 8 Know About Company
- 9 Objects of the Issue
- 10 Promoters Holding
- 11 Sahaj Solar Limited Financial Report
- 12 KPI Of Sahaj Solar Limited
- 13 Peer Group
- 14 Sahaj Solar Limited IPO Registrar
- 15 Sahaj Solar Limited IPO Lead Manager
- 16 Sahaj Solar Limited Contact
- 17 Sahaj Solar Limited IPO Application Form PDF
- 18 Sahaj Solar Limited IPO Review
- 19 FAQs
Sahaj Solar IPO: Sahaj Solar Limited IPO is open for subscription on July 11, 2024 and closes on July 15, 2024. The allotment for the IPO is expected on July 16, 2024. Ganesh Green Bharat IPO will be listed on NSE SME with a listing date fixed as July 19, 2024.
The Sahaj Solar IPO is a book-built issue totalling Rs 52.56 crores. This offering consists solely of 29.2 lakh newly issued shares.
Source from Sahaj Solar IPO DRHP
Table of Contents
Sahaj Solar IPO Details
| Open Date | July 11, 2024 |
| Close Date | July 15, 2024 |
| Listing Date | July 19, 2024 |
| IPO Size | A total of Rs 52.56 crores and 29.2 lakh shares |
| Fresh Issue | 29.2 lakh shares |
| Face Value | ₹10 per share |
| IPO Price Band | ₹171 to ₹180 per share |
| IPO Listing on | NSE SME |
| Lot Size | 800 Shares |
| OFS | N.A |
| Share Offered to Retail | 35% |
| Share Offered to QBI | 50% |
| Share Offered to HNI | 15% |
Sahaj Solar IPO Date
- IPO Open Date: July 11, 2024
- IPO Close Date: July 15, 2024
- Allotment: July 16, 2024
- Refunds: July 18, 2024
- Shares Credit to Demat: July 18, 2024
- Listing Date: July 19, 2024
Lot Size
| Application Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 1 | 800 | ₹144,000 |
| HNI (Min) | 2 | 1600 | ₹288,000 |
Sahaj Solar IPO GMP (Grey Market Premium)
If you want to know Sahaj Solar IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.
Sahaj Solar IPO Subscription Status
Sahaj Solar IPO subscription starts on July 11, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.
Sahaj Solar IPO Allotment Status
To check Sahaj Solar IPO allotment status go to the IPO registrar website ”KFin Technologies Limited” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.
- Go to the Link given above.
- Select the IPO Name
- Enter your PAN/ DP ID/ Application No
- Submit details and get the allotment status.
Know About Company
Sahaj Solar Limited, established in 2010, specializes in delivering sustainable energy solutions. The company operates across three core areas:
- Manufacturing Photovoltaic (PV) Modules: Located in Bavla, Ahmedabad, Gujarat, their state-of-the-art facility spans 2,883.77 square meters. With a building area of 2,445.5 square meters, it houses both factory and office spaces. The plant boasts a production capacity of 100 MW and is equipped with advanced automation technology. Sahaj Solar Limited manufactures high-quality mono and polycrystalline PV modules, including the innovative mono PERC module, catering to solar projects both domestically and internationally.
- Solar Water Pumping Systems: Sahaj Solar Limited provides efficient solar water pumping systems, contributing to sustainable water management solutions.
- EPC Services Nationwide: The company offers comprehensive EPC (Engineering, Procurement, and Construction) services throughout India. This includes the full spectrum from design and supply to installation, testing, commissioning, and maintenance of solar energy projects. They handle projects of all scales, from residential solar systems to large-scale solar power plants, ensuring reliable and efficient renewable energy solutions across the country.
Sahaj Solar Limited is committed to pioneering renewable energy advancements, promoting environmental sustainability, and meeting the energy needs of diverse clientele with innovative and reliable solutions.
Objects of the Issue
- Working Capital Requirements of our Company; and
- General Corporate Purposes
Promoters Holding
Before the IPO, the promoters of Sahaj Solar Limited were Pramit Bharatkumar Brahmbhatt, Varna Pramit Brahmbhatt, and Manan Bharatkumar Brahmbhatt. Together, they hold a majority stake of 97.09% in the company.
Sahaj Solar Limited Financial Report
| Period Ended | 30 Sep 2023 (₹ Lakhs) | 31 Mar 2023 (₹ Lakhs) | 31 Mar 2022 (₹ Lakhs) | 31 Mar 2021 (₹ Lakhs) |
|---|---|---|---|---|
| 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 | 102.50 | 70.58 |
| Net Worth | 1,836.08 | 1,637.30 | 1,002.05 | 927.45 |
| Total Borrowing | 1,655.72 | 1,241.72 | 1,711.35 | 1,502.87 |
KPI Of Sahaj Solar Limited
| Particulars | Sept. 30, 2023 (₹ in Lakhs) | March 31, 2023 (₹ in Lakhs) | Financial Year 2022 (₹ in Lakhs) | Financial Year 2021 (₹ in Lakhs) |
|---|---|---|---|---|
| Revenue from operations | 6,093.11 | 18,536.16 | 6,676.99 | 6,193.36 |
| EBITDA | 459.21 | 1,181.73 | 442.08 | 327.43 |
| EBITDA Margin (%) | 7.54% | 6.38% | 6.62% | 5.29% |
| Restated Profit After Tax (₹ in Lakhs) | 207.48 | 648.37 | 102.50 | 70.58 |
| PAT Margin (%) | 3.40% | 3.43% | 1.53% | 0.97% |
| Net Worth | 1,836.08 | 1,637.30 | 1,002.05 | 927.45 |
| Capital Employed | 3,501.80 | 2,881.33 | 2,707.90 | 2,428.07 |
| Return on Equity (RoE) (%) | 11.30% | 38.78% | 10.21% | 6.45% |
| Return on Capital Employed (RoCE) (%) | 11.42% | 36.70% | 11.42% | 8.64% |
Peer Group
- Shakti Pumps (India) Limited
- Zodiac Energy Limited
- Solex Energy Limited
Sahaj Solar Limited IPO Registrar
KFin Technologies Limited
Address: Selenium Tower-B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel No.: +91 40 6716 2222
Toll-Free No.: 1800 309 4001
Email: ggbl.ipo@kfintech.com
Contact Person: M Murali Krishna
Website: www.kfintech.com
Sahaj Solar Limited IPO Lead Manager
Kunvarji Finstock Private Limited
Block B, First Floor, Siddhi Vinayak Towers, Off S. G. Highway Road, Mouje Makarba,
Ahmedabad, Gujarat – 380051
Contact Person: Mr. Satish Bhanushali / Mr. Parth Pankhaniya
Telephone: 022 – 69850000 / 079- 66669000
Email ID: mb.compliances@kunvarji.com
Website: www.kunvarji.com/merchant-banking/
Sahaj Solar Limited Contact
Sahaj Solar Limited
Office No. 301, Ashirvad Paras,
Opp. Prahladnagar Garden,
Satellite, Ahmedabad – 380051
Phone: +91-079-68171800
Email: cs@sahajsolar.com
Website: http://www.sahajsolar.com/
Sahaj Solar Limited IPO Application Form PDF
To download the Sahaj Solar Limited IPO application form Check out the Application Form Download ASBA IPO Forms PDF.
Sahaj Solar Limited IPO Review
Update Soon
FAQs
What is the Sahaj Solar Limited IPO?
The Sahaj Solar Limited IPO refers to the initial public offering where the company plans to offer 29.2 lakh newly issued shares to the public. The IPO subscription period is scheduled from July 11, 2024, to July 15, 2024.
What are the key details of the Sahaj Solar IPO?
The IPO size is ₹52.56 crores, consisting of a fresh issue of 29.2 lakh shares priced in the range of ₹171 to ₹180 per share. It will be listed on the NSE SME platform with allotment expected on July 16, 2024, and listing on July 19, 2024.
How can I apply for the Sahaj Solar IPO?
You can apply for the Sahaj Solar IPO through the ASBA (Applications Supported by Blocked Amount) process by providing your PAN, bank account details, and bidding in lots of 800 shares for retail investors.
