Sahaj Solar IPO
#1. Quick Intro to Sahaj Solar IPO
The initial public offering (IPO) of Sahaj Solar will open for subscription on July 11 and close on July 15, comprising only fresh issues of Rs. 52.56 Crore. An investor can apply for the issue for a minimum of 800 shares and the listing will happen on July 19, 2024.
Sahaj Solar Limited (2010) is engaged in business activities of Solar Solutions providing a company with experience of more than one decade in the majority of the verticals of renewable power generation. The company is a manufacturing as well as a service provider company which gives us an edge in the solar power market. The company is engaged in three businesses PV Module manufacturing, providing solar pumping systems and providing EPC Services.
Check out the IPO allotment status
#2. IPO Object of Sahaj Solar
The company intends to use the IPO Funds for the following purposes:
- Funding for working capital requirement
- General corporate purposes and issue expenses.
#3. Sahaj Solar Core Strengths
- Well-established in the medium-sized solar penal manufacturer
- Located in the highest consumption zone
- Empenalled partner with govt. schemes and tenders.
- Experienced management team
#4. Sahaj Solar IPO Review & Rating
| Issue Size | Rs.52.56 Crore |
| Issue Price | Rs.171-180 per share |
| Minimum Lot Size | 800 Shares |
| Total Profit (Latest) | Rs.207.48 Lakh |
| ROE | – |
| RONW (%) | – |
| Listing on | NSE SME |
| IPO Deliver Rating | Three |
#5. Sahaj Solar IPO Dates, Price Band & Details
Sahaj Solar IPO will open on July 11, 2024, and close on July 15, 2024. The IPO is to be listed on July 19, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.52.56 Crore |
| Price Brand | Rs.171-180 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | July 11, 2024 |
| IPO Close Date | July 15, 2024 |
| IPO Allotment Date | July 16, 2024 |
| Refund Date | July 18, 2024 |
| Share Credit Date | July 18, 2024 |
| Listing Date | July 19, 2024 |
#6. Sahaj Solar IPO Offer Details
Sahaj Solar IPO’s total issue size is 29,20,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 29,20,000 | 52.56 |
| Offer for Sale (OFS) | – | – |
#7. Sahaj Solar Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period September 30, 2023, March 31, 2023 and March 31, 2022.
| Category (Rs.) | September 2023 | March 2023 | March 2022 |
| Total Revenue | 6110.30 | 18580.48 | 6728.95 |
| Net Worth | 1836.08 | 1637.30 | 1002.05 |
| Profit | 207.48 | 648.37 | 102.50 |
| Total Borrowings | 1655.72 | 1241.72 | 1711.35 |
#8. Sahaj Solar Quantitative Factors
The following table sets forth the summary of financial information of the company for the period September 30, 2023, March 31, 2023 and March 31, 2022.
| Category | September 2023 | March 2023 | March 2022 |
| EPS (Rs.) | 2.67 | 8.11 | 1.31 |
| RoNW (%) | 11.30 | 38.78 | 10.21 |
| NAV (Rs.) | 23.45 | 20.19 | – |
#9. Sahaj Solar Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs) |
RoNW (%) | NAV |
| Shakti Pumps | 13,849.62 | 8.85% | 24.64 |
| Zodiac Energy | 9,375.51 | 1.90% | 47.79 |
#10. Sahaj Solar Company Promoters
The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Pramit Bharatkumar Brahambhatt |
| 02. | Varna Pramit Brahambhatt |
| 03. | Manan Bharatkumar Brahambhatt |
#11. Sahaj Solar Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 97.09 |
| Post-issue | – |
#12. Sahaj Solar IPO Reservation Details
Sahaj Solar IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not Less than 35% of the Net Offer |
| NII Shares Offered | Not Less than 15% of the Net Offer |
#13. Sahaj Solar IPO – Lot Size
An investor can apply for a minimum of 800 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 800 | 1,44,000 |
| Retail (Max.) | 1 | 800 | 1,44,000 |
| HNI (Min.) | 2 | 1600 | 2,88,000 |
#14. Sahaj Solar IPO – Prospectus Copy
An investor can download/view the Sahaj Solar prospectus copy, which the company filed to exchange, details are as follows.
| Sahaj Solar IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Sahaj Solar IPO Registrar
Kfin Technologies Limited
Website: www.kfintech.com
#16. Sahaj Solar IPO Lead Managers
Kunvarji Finstock Private Limited
Website; www.kunverji.com
#17. Sahaj Solar IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Sahaj Solar IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Sahaj Solar Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Sahaj Solar Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Sahaj Solar Company Details
Sahaj Solar Limited
Registered Office: Off No. 301, Ashivad Paras, Opp. Prahaldnagar Garden, Satellite, Ahmedabad, Gujarat-380051
Email: cs@sahajsolar.com
Website: www.sahajsolar.com
Investor Grievances/Compliance Officer: Poonam Panchal
#19. Sahaj Solar Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | Veracity Energy and Infrastructure Private Limited |
| 02. | Veracity Powertronics Private Limited |
#20. Sahaj Solar Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Pramit Bharatkumar Brahambhatt |
| 02. | Varna Pramit Brahambhatt |
Sahaj Solar IPO – Frequently Asked Questions (FAQs)
| #1. What is a Sahaj Solar IPO?
Sahaj Solar brings its IPO of Rs.52.56 Crore, on July 11, 2024, with a price band of Rs.171-180 per share. |
| #2. What is the Sahaj Solar IPO Open date?
Sahaj Solar IPO’s opening date is July 11, 2024. |
| #3. What is the Sahaj Solar IPO Close Date?
Sahaj Solar IPO’s closing date is July 15, 2024. |
| #4. What is the Sahaj Solar IPO Listing date?
Sahaj Solar’s IPO listing date is July 19, 2024. |
| #5. What is the Sahaj Solar IPO Minimum investment amount?
Sahaj Solar IPO’s minimum investment amount is Rs. 1,44,000. |
| #6. What is the Sahaj Solar IPO offer issue Size?
Sahaj Solar offers an issue size of Rs.52.56 Crore |
| #7. What is the Sahaj Solar IPO Price Band?
Sahaj Solar’s IPO price band is Rs.171-180 per share. |
| #8. Is Sahaj Solar IPO mainboard IPO or SME IPO?
Sahaj Solar IPO is an SME IPO. |
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