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Sahaj Solar Limited


Issue Price

₹171- ₹180

per equity share

Issue Size

20.96 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot


equity share

Please note

Listing at NSE

Sahaj Solar Limited

Important Dates

IPO Open Date

11 Jul 2024

IPO Close Date

15 Jul 2024

Allotment Date

16 Jul 2024

Initiation of Refunds

18 Jul 2024

Credit of Shares to Demat Account

18 Jul 2024

IPO Listing Date

19 Jul 2024

UPI Mandate Expiry Date

15 Jul 2024

IPO Details

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.

Parent Organisation




Managing Director

Pramit Bharatkumar Brahmbhatt

IPO Objectives

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.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked

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