Sahaj Solar IPO Details ( Sahaj Solar Limited IPO Review )
(11 July 2024 – 15 July 2024)
Founded in 2010, Sahaj Solar Limited specializes in renewable energy solutions with three key business units:
- PV Module Manufacturing
- Location: Bavla, Ahmedabad, Gujarat.
- Facility Size: 2,883.77 square metres with 2,445.5 square metres of factory and office space.
- Capacity: 100 MW.
- Products: Automated production of mono and polycrystalline PV modules, including advanced mono PERC (Passivated Emitter and Rear Contact) modules, for both domestic and international solar projects.
- Solar Water Pumping Systems
- Efficient and sustainable solar water pumping solutions.
- EPC Services Across India
- Services: Comprehensive design, supply, installation, testing, commissioning, and maintenance.
- Projects: From small domestic solar systems to large solar power plants.
As of September 30, 2023, Sahaj Solar Limited boasts a dedicated team of over 64 professionals in administration, accounting, finance, HR, project management, procurement, sales, marketing, production, and top management.
Sahaj Solar Limited IPO Competitive Strength
- Experience in both solar panel manufacturing and solar pumping services
- Empanelled partner of various Government schemes and tenders
- Located in one of the highest consumption zones
- Well established position in medium sized solar panel manufacturers with state of the art manufacturing facility
- Follows the strictest production guidelines and the best International Industry
- Standards and Practices with all major national & international certifications.
- Experienced key management personnel, project management and operations team with an excellent track record
Sahaj Solar IPO Financials Performance ( Results )
Sahaj Solar Limited Financial Information (Restated Consolidated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 3,463.94 | 6,218.78 | 70.58 | 922.01 | 405.40 | 1,502.87 |
| 31-Mar-22 | 6,103.22 | 6,728.95 | 102.50 | 1,002.05 | 479.99 | 1,711.35 |
| 31-Mar-23 | 9,081.50 | 18,580.48 | 648.37 | 1,637.30 | 859.22 | 1,361.97 |
| 31-Mar-24 | 14,936.40 | 20,171.55 | 1,337.29 | 3,293.12 | 2,496.78 | 5,680.86 |
Objective of Sahaj Solar IPO Issue
- Working Capital Requirements of the Company; and
- General Corporate Purposes.
Sahaj Solar IPO Basic Details
| IPO Date | July 11, 2024 to July 15, 2024 |
| Listing Date | Friday, July 19, 2024 |
| Face Value | ₹10 per share |
| Price | ₹171 to ₹180 per share |
| Lot Size | 800 shares |
| Issue Size | 2,920,000 shares (aggregating up to ₹52.56 Cr) |
| Fresh Issue | 2,920,000 shares (aggregating up to ₹52.56 Cr) |
| Issue Type | Book Built Issue IPO |
| Employee Discount | Rs 15 per share |
| Listing At | NSE SME |
| Share holding pre issue | 8,066,010 |
| Share holding post issue | 10,986,010 |
Sahaj Solar IPO Reservation
| QIB Shares Offered | 50.00% of the Net Issue |
| NII (HNI) Shares Offered | 15.00% of the Net Issue |
| Retail Shares Offered | 35.00% of the Net Issue |
| Total Shares Offered | 100.00% of the Net Issue |
Sahaj Solar IPO Timetable
Sahaj Solar IPO will open on July 11, 2024 and close on July 15, 2024. You can join Sahaj Solar IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 11 July 2024 (Thursday) |
| Closing Date | 15 July 2024 (Monday) |
| Basis of Allotment | 16 July 2024 (Tuesday) |
| Initiation of Refunds | 18 July 2024 (Thursday) |
| Credit of Shares to Demat | 18 July 2024 (Thursday) |
| Listing Date | 19 July 2024 (Friday) |
| Deadline for UPI mandate confirmation | 5 PM on 15 July 2024 |
Sahaj Solar IPO Lot Size
For retail investors in Sahaj Solar IPO, 800 shares will come in 1 lot or the minimum investment will be ₹144,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹144,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 1 | 800 | ₹144,000 |
| S-HNI (Min) | 2 | 1600 | ₹288,000 |
Sahaj Solar IPO Promoter Holding
The company’s promoters include Pramit Bharatkumar Brahmbhatt, Varna Pramit Brahmbhatt, and Manan Bharatkumar Brahmbhatt.
| Pre Issue Share Holding | 97.09% |
| Post Issue Share Holding | 71.28% |
Sahaj Solar Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 197.75 |
| Earning Per Share (EPS) | ₹16.70 per Equity Share |
| Net Asset Value (NAV) | ₹40.83 per Equity Share |
| P/E Ratio (P/E) (x) | 10.86 |
| Post P/E Ratio (P/E) (x) | 14.79 |
| Return on Net Worth (RoNW) (%) | 39.96 |
| Return on equity (ROE) (%) | 39.96 |
| Return on Capital Employed (ROCE) (%) | 26.47 |
| Price/Book Value Ratio | 4.41 |
Sahaj Solar IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹145 | – | – |
| 7 July 2024 | ₹130 | – | – |
| 6 July 2024 | ₹120 | – | – |
Sahaj Solar IPO Detail Video:
Sahaj Solar IPO Subscription Status (Bidding Detail)
The Sahaj Solar IPO on July 15, 2024 at 6:20:00 PM was subscribed 507.21 times, with the retail category being subscribed 535.03 times, the NII (Non-Institutional Investor) category being subscribed 862.35 times, QIB (Qualified-Institutional Buyers) category being subscribed 214.27 times.
| Category | Subscription |
| QIB | 214.27x |
| NII | 862.35x |
| Retail | 535.03x |
| Total | 507.21x |
Sahaj Solar IPO Prospectus
| Sahaj Solar IPO DRHP | Download |
| Sahaj Solar IPO RHP | Download |
| Sahaj Solar IPO Anchor Investors Details PDF | Download |
Sahaj Solar IPO Rating
| Our Rating | 4.5/5.0 |
Sahaj Solar Company Contact Information
Sahaj Solar Limited
Registered Office: Office No. 301, Ashirvad Paras Opp Prahladnagar Garden, Satellite, Ahmedabad, Gujarat, India, 380051
E-mail: cs@sahajsolar.com
Website: www.sahajsolar.com
Telephone: +91-079-68171800
Contact Person: Ms. Poonam Panchal, Company Secretary & Compliance Officer
Promoters of Our Company: Mr. Pramit Bharatkumar Brahmbhatt, Mrs. Varna Pramit Brahmbhatt & Mr. Manan Bharatkumar Brahmbhatt
Sahaj Solar IPO Registrar
KFin Technologies Limited
Registered Office: Selenium Tower-B, Plot 31 & 32, Gachibowli,Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032, Telangana
Tel No.: +91 40 6716 2222
Email Id: ssl.ipo@kfintech.com
Investor Grievance Email Id: einward.ris@kfintech.com
Contact Person: M Murali Krishna
Website: www.kfintech.com
SEBI Registration No.: INR000000221
Sahaj Solar IPO Lead Manager
Kunvarji Finstock Private Limited
Registered Office: Block B, First Floor, Siddhi Vinayak Towers, Off S. G. Highway Road, Mouje Makarba, Ahmedabad, Gujarat – 380051
SEBI Registration Number: INM000012564
CIN: U65910GJ1986PTC008979
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/
Investor Grievance ID: mb.investorgrievances@kunvarji.com
Sahaj Solar IPO FAQs
What is the lot size of Sahaj Solar IPO?
The total size of Sahaj Solar IPO is ₹52.56 crores and this is a complete fresh Issue.
When will Sahaj Solar IPO start?
Sahaj Solar IPO will open from 11 July 2024 and IPO will close on 15 July 2024.
What is the open date of Sahaj Solar IPO?
Sahaj Solar IPO will open date from 11 July 2024.
What is the last date ( close date ) of Sahaj Solar IPO?
Sahaj Solar IPO will close from 15 July 2024.
What is the price band of Sahaj Solar IPO?
Sahaj Solar IPO price band is ₹171 to ₹180. ( Upper Price Band: ₹180, Lower Price Band: ₹171 )
What is the minimum amount required to apply for Sahaj Solar IPO?
The minimum investment for retailers to apply for Sahaj Solar IPO is ₹144,000 and the maximum investment is ₹144,000.
What is going on gray market premium of Sahaj Solar IPO?
View gray market premium of Sahaj Solar IPO by Clicking Here
How much is the GMP of Sahaj Solar IPO?
Watch Sahaj Solar IPO GMP Today: Click Here
What is the allotment date of Sahaj Solar IPO?
The allotment date of Sahaj Solar IPO is 16 July 2024.
How to check allotment status in Sahaj Solar IPO?
To check the allotment status of Sahaj Solar IPO, first of all go to the registrar website by clicking here, select your bad Sahaj Solar IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Sahaj Solar IPO?
The listing date of Sahaj Solar IPO is 19 July 2024.
How much will be the listing gain in Sahaj Solar IPO?
View listing gain of Sahaj Solar IPO by Clicking Here
How much time Sahaj Solar IPO is subscribed?
Total 507.21 times subscribed in Sahaj Solar IPO out of which 535.03 times subscription was done in retail quota, 862.35 times subscription in NII quota and 214.27 times subscription in QIB quota.
How to apply for Sahaj Solar IPO from Upstox?
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How to apply for Sahaj Solar IPO from Zerodha?
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How to apply for Sahaj Solar IPO from Angle One?
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