Sahaj Solar Ltd

Capital Goods - Electrical Equipment

Offer Period :

11th to 7th Jul 2024

Sahaj Solar Ltd., founded in 2007, is a prominent solar technology company in India, specialising in Crystalline Photovoltaic Technology for Solar PV Modules. IEC-approved and MNRE-recognised, Read more...it offers high-quality solar products and EPC services across India and Africa, focusing on innovation and sustainabilityRead less

Sahaj Solar Ltd IPO Details

IPO Date 11th to 7th Jul 2024 Minimum Investment ₹144000 / 1 Lots
Listing Date 2024-07-19 Maximum Investment ₹144000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹52.56 Crores
Price ₹171 to ₹180 per share Fresh Issue ₹52.56 Crores
Lot Size 1 Lots (800 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0.04    
IPO Date 11th to 7th Jul 2024
Listing Date 2024-07-19
Face Value ₹10 per share
Price ₹171 to ₹180 per share
Lot Size 1 Lots (800 Shares)
Listing At NSE-SME
Employee Discount ₹0.04 Crores
Minimum Investment ₹144000 / 1 Lots
Maximum Investment ₹144000 / 1 Lots
Total Issue Size ₹52.56 Crores
Fresh Issue ₹52.56 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

11th Jul

IPO Starts

15th Jul

IPO Ends

16th Jul

Allotment Date

18th Jul

Initiation of Refund

18th Jul

Credit of Shares to Demat Account

19th Jul

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 95.14 69.85
Public Group 4.86 30.15

Sahaj Solar Ltd IPO Reservation

QIB Shares Offered 1374400(47.07%)
NII (HNI) Shares Offered 412800(14.14%)
Retail Shares Offered 962400(32.96%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 2920000
Total Shares With Anchor Investor 2920000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Sahaj Solar Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id ssl.ipo@kfintech.com
Our Website www.kfintech.com

Sahaj Solar Ltd IPO Lead Manager

1. Kunvarji Finstock Pvt Ltd

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Sahaj Solar Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Sahaj Solar Ltd

1. Well positioned solar PV module manufacturer in India to capture industry tailwinds and growth prospects for solar energy in India.

2. Diversified base of customers with a large order book.

3. Advanced manufacturing facilities with global accreditations.

4. Extensive pan-India retail network.

5. Experienced Promoter and management team with strong industry expertise and successful track record.

6. Well versed and equipped with advance technology.

7. Quality Assurance & Control.

Risks Involved

1. The Company had advanced a loan to a body corporate where the directors of the Company were interested, in the past, which may attract the penalties or regulatory actions.

2. Its Registered Office from where the company operates is not owned by it.

3. The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.

4. The company highly depends on its major raw materials and a few key suppliers who help it procure the same. The Company has not entered into long-term agreements with its suppliers for supply of raw materials. In the event the company is unable to procure adequate amounts of raw materials, at competitive prices its business, results of operations and financial condition may be adversely affected.

5. The company has only one Manufacturing Facility, continued operations of its manufacturing facility is critical to its business and any disruption in the operation of the company's manufacturing facility may have a material adverse effect on its business, results of operations and financial condition.

6. Its failures to perform in accordance with the standards prescribed in work order of its client could result in loss of business or payment of liquidated damages.

7. The company conduct its business activities on a purchase order basis and therefore, have not entered into long-term agreements with its customers.

8. The company is engaged in assembling of solar water pumping system and customers receives subsidy from State/Central Government. Any reduction or discontinuation of such subsidy will results in reduction in number of potential consumers.

9. Its business activities are exposed to fluctuations in the prices of raw materials.

10. The company has experienced negative cash flows in the past. Any such negative cash flows in the future could affect its business, results of operations and prospects.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 149.36 90.81 61.03
Total Liabilities 149.36 90.81 61.03
Total Expenses 182.13 177.25 65.87
Total Revenue 
201.72 185.8 67.29
Profit After Tax 13.16 6.35 1.02
EBITDA 24.92 11.77 4.41
Adjusted EBITDA 0 0 0

Sahaj Solar Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-07-19 0 -
INE0P4701011
₹0 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹171 ₹0
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Frequently Asked Questions

What is Sahaj Solar Ltd IPO?

Answer Field

Sahaj Solar Ltd IPO is a SME IPO of 29,20,000 equity shares of a face value of ₹10 aggregating up to ₹52.56 Crores. The issue is priced at ₹171 to ₹180 per share. The minimum order quantity is 800 Shares. The IPO opens on July 11, 2024, and closes on July 15, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Sahaj Solar Ltd IPO will open?

Answer Field

The Sahaj Solar Ltd IPO opens on July 11, 2024 and closes on July 15, 2024.

What is the lot size of Sahaj Solar Ltd?

Answer Field

Sahaj Solar Ltd lot size is 800 shares, and the minimum amount required is ₹1,44,000.

How to apply for Sahaj Solar Ltd IPO?

Answer Field

You can apply in Sahaj Solar Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

When is Sahaj Solar Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Sahaj Solar Ltd IPO will be done on July 16, 2024, and the allotted shares will be credited to your demat account by July 18, 2024.

When is Sahaj Solar Ltd IPO listing date?

Answer Field

The Sahaj Solar Ltd listing date is July 19, 2024.

Who is the registrar of Sahaj Solar Ltd IPO?

Answer Field

The registrar of Sahaj Solar Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Kunvarji Finstock Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Sahaj Solar Ltd IPO?

Answer Field

The fresh issue size is ₹52.56 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Sahaj Solar Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 800 shares and ₹1,44,000 amount.

How can I approve the UPI mandate request for Sahaj Solar Ltd IPO?

Answer Field

To apply for Sahaj Solar Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Sahaj Solar Ltd?

Answer Field

The price of each Sahaj Solar Ltd share will be ranging in between ₹171 to ₹180 per share.

What is the cut-off time for the UPI mandate for Sahaj Solar Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, July 15, 2024.

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