Sahaj Solar is a Solar Solutions providing company having experience of almost one decade in the majority of the verticals of renewable power generation. They are a manufacturing as well as a service provider company which gives them an edge in the solar power market. They are engaged in three businesses PV Module manufacturing, providing solar pumping systems, and providing EPC Services.
The first is PV Module manufacturing, for which the company has a PV module manufacturing plant having a capacity of 100 MWs at their plant in Bavla, Ahmedabad, Gujarat, India on land admeasuring approximately 2,883.77 square meters; having a construction of 2445.5 square meters comprising of the factory as well as office premises enabling the company to deliver quality and affordable solar panels to its customers. The Company’s automated production facility offers mono & poly-crystalline PV Modules for various solar projects across India and abroad.
The plant is an integrated manufacturing facility for PV modules. Apart from polycrystalline module, the facility manufactures the Mono PERC (Passivated Emitter and Rear Contact) module, with not less than 21% and higher efficiency also. To enhance efficiency and brand positioning, they use Crystalline Photovoltaic Technology for manufacturing Solar PV Modules. Their plant can manufacture customized size PV modules. The Company has built a reputation for solar PV modules and is sold under the brand name of ‘SAHAJ’. They strive to deliver reliable solar solutions through their products and they achieve this majorly through their streamlined PV module manufacturing line and comprehensive EPC solutions.
Objects of the Issue:
- Working Capital Requirements of the Company;
- General Corporate Purposes.
Sahaj Solar IPO Review
- May Apply
Sahaj Solar IPO Date & Price Band Details
| 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 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Sahaj Solar IPO Market Lot
The Sahaj Solar IPO minimum market lot is 800 shares with a ₹144,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹144,000 |
| Retail Maximum | 1 | 800 | ₹144,000 |
| S-HNI Minimum | 2 | 1600 | ₹288,000 |
Sahaj Solar IPO Dates
The Sahaj Solar IPO date is July 11 and the IPO close date is July 15. The IPO allotment date is July 16 and the IPO might list on July 19.
| IPO Open Date: | July 11, 2024 |
| IPO Close Date: | July 15, 2024 |
| Basis of Allotment: | July 16, 2024 |
| Refunds: | July 18, 2024 |
| Credit to Demat Account: | July 18, 2024 |
| IPO Listing Date: | July 19, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Sahaj Solar IPO Form
How to apply Sahaj Solar IPO? You can apply Sahaj Solar IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Sahaj Solar IPO in the Invest section. The other option you can apply Sahaj Solar IPO via IPO forms download via the NSE website. Check out the Sahaj Solar forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Sahaj Solar Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹62.19 | ₹58.92 | ₹0.71 |
| 2022 | ₹67.29 | ₹62.88 | ₹1.03 |
| 2023 | ₹185.80 | ₹174.03 | ₹6.48 |
| 2024 | ₹201.72 | ₹176.79 | ₹13.37 |
Sahaj Solar IPO Valuation – FY2024
Check Sahaj Solar IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹16.70 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 39.96% |
| Net Asset Value (NAV): | ₹40.83 per Equity Share |
Peer Group
- 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: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Sahaj Solar IPO Allotment Status
Check Sahaj Solar IPO allotment status on Kfin Technologies website URL. Click Here
Sahaj Solar IPO Lead Managers aka 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: [email protected]
Website: http://www.sahajsolar.com/
One Response
very good