08-Jul-2024
2 mins read
Sahaj Solar IPO is open for subscription starting Thursday, July 11, 2024, and closing on Monday, July 15, 2024. This upcoming IPO's price is Rs 171 to 180 per share. The minimum lot size set for the retail category is 800 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 1600 shares. The minimum investment required for retail category investors is Rs 1,44,000 ( 180 x 800 shares). However, for the HNI category, the minimum investment amount required is Rs 2,88,000 (180 x 1600 shares). Sahaj Solar IPO is a book-built issue of Rs 52.56 crores. This upcoming IPO is entirely a fresh issue of 29.2 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, July 16, 2024. Sahaj Solar IPO will be listed on NSE SME on Friday, July 19, 2024. Kunvarji Finstock Private Limited is the book-running lead manager, and Kfin Technologies Limited is the registrar. The market maker of this IPO is Aftertrade Broking.
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About Sahaj Solar Limited
Sahaj Solar Limited, founded in 2010, is engaged in providing renewable energy solutions. The company has 3 business units - PV module manufacturing, Provision of Solar water pumping systems, and providing EPC services to PAN India. The company's PV module manufacturing facility is at Bavla, Ahmedabad, Gujarat. The manufacturing plant has a capacity of 100 MW. The company's automated manufacturing facility offers mono and polycrystalline PV modules for various solar projects in India and abroad. The facility also manufactures a passivated emitter and rear contact module. Sahaj Solar also provides EPC services to PAN India customers - This includes 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. As per latest information available, the company employed over 64 people in the areas of administration, accounting and finance, human resources, projects, procurement, operations manager, sales and marketing, production and operations, and top management.
Objectives of Sahaj Solar IPO
The funds will be used to meet the day-to-day capital requirements for the company's proper functioning and to fulfil general corporate purposes.
Financials of Sahaj Solar Limited (Amt in Rs Lakhs)
Sahaj Solar posted revenue of Rs 20,171.55 lakhs and net profit of Rs 1337.29 lakhs for the period ending on 31 Mar 2024. Earlier, in the period ending on 31 March 2023, the firm reported a revenue of Rs 18,580.48 lakhs and PAT of Rs lakhs. 648.37 lakhs. The company’s revenue increased by 8.56% and PAT increased by 167.25% between the financial year ending with 31 March 2024 and 31 March 2023.
|
Period Ended |
31 Mar 2024 |
31 Mar 2023 |
31 Mar 2022 |
31 Mar 2021 |
|
Assets |
14,936.40 |
9,081.50 |
6,103.22 |
3,463.94 |
|
Revenue |
20,171.55 |
18,580.48 |
6,728.95 |
6,218.78 |
|
Profit After Tax |
1,337.29 |
648.37 |
102.50 |
70.58 |
|
Net Worth |
3,293.12 |
1,637.30 |
1,002.05 |
922.01 |
|
Reserves and Surplus |
2,496.78 |
859.22 |
479.99 |
405.40 |
|
Total Borrowing |
5,680.86 |
1,361.97 |
1,711.35 |
1,502.87 |
Other Important Details of Sahaj Solar IPO
|
IPO Date |
July 11, 2024 to July 15, 2024 |
|
Listing Date |
July 19, 2024 |
|
Face Value |
Rs 10 per share |
|
Price Band |
Rs 171 to Rs 180 per share |
|
Lot Size |
800 Shares |
|
Total Issue Size |
2,920,000 shares amounting to Rs 52.56 crore |
|
Fresh Issue |
2,920,000 shares amounting to Rs 52.56 crore |
|
Employee Discount |
Rs 15 per share |
|
Issue Type |
Book Built Issue IPO |
|
Listing At |
NSE SME |
|
Shareholding pre issue |
8,066,010 |
|
Shareholding post issue |
10,986,010 |
|
Market Maker portion |
146,400 shares Aftertrade Broking |
Time-Table of Sahaj Solar IPO
|
IPO Open Date |
Thursday, July 11, 2024 |
|
IPO Close Date |
Monday, July 15, 2024 |
|
Basis of Allotment |
July 16, 2024 |
|
Initiation of Refunds |
July 18, 2024 |
|
Credit of Shares to Demat |
July 18, 2024 |
|
Listing Date |
July 19, 2024 |
|
Cut-off time for UPI mandate |
5 PM on July 15, 2024 |
Lot Size of Sahaj Solar IPO
|
Application |
Lots |
Shares |
Amount |
|
Retail - minimum |
1 |
800 |
Rs 144,000 |
|
Retail - maximum |
1 |
800 |
Rs 144,000 |
|
HNI - minimum |
2 |
1,600 |
Rs 288,000 |
IPO Reservation of Sahaj Solar Limited
|
Investor Category |
Shares Offered |
|
QIB Shares |
Not more than 50 percent |
|
Retail Shares |
Not less than 35 percent |
|
NII Shares |
Not less than 15 percent |
Sahaj Solar Limited - EPS and P/E Ratio Post IPO
|
Pre IPO |
Post IPO |
|
|
EPS (Rs) |
16.58 |
12.17 |
|
P/E |
10.86 |
14.79 |
Promoters of Sahaj Solar Limited and Their Holdings
The promoters of Sahaj Solar company are Pramit Bharatkumar Brahmbhatt, Varna Pramit Brahmbhatt, and Manan Bharatkumar Brahmbhatt.
|
Shareholding Pre Issue |
97.09 percent |
|
Shareholding Post Issue |
71.28 percent |
Lead Manager(s) of Sahaj Solar IPO
The lead manager for Sahaj Solar IPO is Kunvarji Finstock Private Limited.
How do you apply for the Sahaj Solar IPO?
Wait for the public issue to open for subscription, then click here to apply for the Sahaj Solar Limited IPO with Bigul.
How do you check the allotment status of Sahaj Solar's IPO?
Kfin Technologies is the registrar for the Sahaj Solar IPO. To check your allotment status, please click here.
FAQs
1. What are the details of the Sahaj Solar IPO?
Sahaj Solar IPO is a book-built issue of Rs 52.56 crores. This upcoming IPO is entirely a fresh issue of 29.2 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, July 16, 2024.
2. Who are the lead managers for the Sahaj Solar Limited IPO?
Kunvarji Finstock Private Limited is appointed as the book running lead manager for the IPO.
3. What is the role of Kfin Technologies Limited in this IPO?
Kfin Technologies Limited is the registrar for Sahaj Solar Limited, handling the IPO's administrative aspects.
4. How can I apply for the Sahaj Solar IPO?
The public subscription of this new IPO will open on July 11, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The funds will be used to meet the day-to-day capital requirements for the company's proper functioning and to fulfill general corporate purposes.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Sahaj Solar Limited IPO by visiting here. For further updates follow Bigul.
7. What is the financial performance of Sahaj Solar Limited?
Sahaj Solar posted revenue of Rs 20,171.55 lakhs and net profit of Rs 1337.29 lakhs for the period ending on 31 Mar 2024. The company’s revenue increased by 8.56% and PAT increased by 167.25% between the financial year ending with 31 March 2024 and 31 March 2023.
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