Ahasolar Technologies Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 388,000 (47%) | — | ₹609 Cr |
| Retail | — | 388,000 (47%) | — | ₹609 Cr |
| Market Maker | — | 42,400 (5%) | — | ₹7 Cr |
| Σ Total | — | 818,400 (100%) | — | ₹12,849 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹125,600 |
| Retail (Max) | 13 | 10,400 | ₹1,632,800 |
| S-HNI (Min) | 14 | 11,200 | ₹1,758,400 |
| B-HNI (Min) | 67 | 53,600 | ₹8,415,200 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 2,105 | 1,715 | 188 |
| Profit After Tax | 176 | 69 | 8 |
| Net Worth | 405 | 79 | 10 |
| Total Assets | 526 | 237 | 85 |
| Reserves & Surplus | 179 | 78 | 9 |
| Total Borrowing | 0 | 58 | 24 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Development of Solar PV Plant – 7.05
- Setting up of Electric Vehicle Charging Infrastructure – 0.33
- Purchase of Electric Vehicle – 0.09
- To Meet Working Capital Requirements – 2.40
- General Corporate Purpose – 1.96
Company Overview
Incorporated in 2017, Ahasolar Technologies Limited is engaged in the business of CleanTech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy.
With their passion for solar energy and the desire to help stakeholders like solar companies and the government change the world for the better, Ahasolar is making the process of managing, selling, designing, and procuring solar PV systems easier and simpler.
The business of the company can be divided into the following segments:
- Solar Software Service
- Solar Marketplace
- Solar Advisory and Consultancy Service
The entity has been working with multiple national, international, government, and private companies towards enabling them to accelerate the adoption of solar through solutions offered by Ahasolar. Ahasolar Technologies Limited is also involved in the business of Advisory for sustainable development and energy transition to renewables.
The products of Ahasolar Technologies are offered under the names:
- AHA! Rooftop Solar Helper
- AHA! Rooftop Solar Helper (Pro)