Sahaj Solar IPO Date, Review, Price, Allotment Details

Sahaj Solar IPO Details: Sahaj Solar IPO date is fixed, The IPO will open on July 11, 2024 and will close on July 15, 2024. Sahaj Solar is a NSE SME IPO to raise ₹52.56 crores via IPO. The Sahaj Solar IPO price band is fixed at ₹171 to ₹180 with a market lot of 800 shares.

Sahaj Solar IPO

Table of Contents


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.

ApplicationLot SizeSharesAmount
Retail Minimum1800₹144,000
Retail Maximum1800₹144,000
S-HNI Minimum21600₹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
YearRevenueExpensePAT
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/

Sahaj Solar IPO FAQs


What is Sahaj Solar IPO?

Sahaj Solar IPO is an NSE SME IPO. They are going to raise ₹52.56 Crores via IPO. The issue is priced at ₹171 to ₹180 per equity share. The IPO is to be listed on NSE.

When Sahaj Solar IPO will open?

The IPO is to open on July 11, 2024 for QIB, NII, and Retail Investors.

What is Sahaj Solar IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Sahaj Solar IPO?

You can apply Sahaj Solar IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Sahaj Solar IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Sahaj Solar”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Sahaj Solar IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sahaj Solar”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Sahaj Solar IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Sahaj Solar”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Sahaj Solar IPO Size?

Sahaj Solar IPO size is ₹52.56 crores.

What is Sahaj Solar IPO Price Band?

Sahaj Solar IPO Price Band is ₹171 to ₹180 per equity share.

What is Sahaj Solar IPO Minimum and Maximum Lot Size?

The IPO bid is 800 shares with ₹144,000.

What is Sahaj Solar IPO Allotment Date?

Sahaj Solar IPO allotment date is July 16, 2024.

What is Sahaj Solar IPO Listing Date?

Sahaj Solar IPO listing date is July 19, 2024. The IPO to list on NSE SME.

Note: The Sahaj Solar IPO details are announced officially. The IPO grey market premium (Sahaj Solar IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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