Sahaj Solar Ltd. IPO
Issue Price
₹180
GMP
—
Lot Size
800
Face Value
₹10
Issue Size
2,920,000 shares (aggregating up to ₹53 Cr)
Subscription
—
IPO Timeline
Open Date11-Jul-24
Close Date15-Jul-24
Allotment16-Jul-24
Refund Initiation18-Jul-24
Demat Credit18-Jul-24
UPI Mandate Deadline15-Jul-24
Listing Date19-Jul-24
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,374,400 (47%) | — | ₹2,474 Cr |
| NII (HNI) | — | 412,800 (14%) | — | ₹743 Cr |
| Retail | — | 962,400 (33%) | — | ₹1,732 Cr |
| Market Maker | — | 146,400 (5%) | — | ₹26 Cr |
| Σ Total | — | 2,920,000 (100%) | — | ₹52,560 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Issue Price / Price Band₹180
Face Value₹10
Lot Size800 shares
Issue Size2,920,000 shares (aggregating up to ₹53 Cr)
Issue TypeBookbuilding IPO
Listing ExchangeNSE SME
Sale TypeFresh Capital
Script Code—
Net Offer to Public2,773,600 shares (aggregating up to ₹50 Cr)
Amount In₹ Lakhs
Stock Price History · NSE
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Yahoo Finance · Live
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 13 | 10,400 | ₹1,872,000 |
| S-HNI (Min) | 14 | 11,200 | ₹2,016,000 |
| B-HNI (Min) | 67 | 53,600 | ₹9,648,000 |
Retail1 lot(s)800 shares₹144,000
S-HNI2 lot(s)1,600 shares₹288,000
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 20,172 | 18,580 | 6,729 |
| Profit After Tax | 1,337 | 648 | 103 |
| Net Worth | 3,293 | 1,637 | 1,002 |
| Total Assets | 14,936 | 9,082 | 6,103 |
| Reserves & Surplus | 2,497 | 859 | 480 |
| Total Borrowing | 5,681 | 1,362 | 1,711 |
Valuation & Key Ratios
ROE40%
ROCE26%
RONW40%
PAT Margin7%
EBITDA Margin—
Debt/Equity—
P/BV4
Pre EPS₹17
Post EPS₹12
Pre P/E11
Post P/E15
Grey Market Premium (GMP)
—
Current GMP
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Working Capital Requirements of the Company; and –
- General Corporate Purposes. –
Company Overview
Sahaj Solar Limited was founded in 2010 and is a provider of renewable energy solutions.
The company has three business units:
- PV module manufacturing: The company's PV module manufacturing facility is located at Bavla, Ahmedabad, Gujarat. It is spread over an area of 2,883.77 square metres and has a building of 2445.5 square metres comprising both factory and office space. The plant has a capacity of 100 MW. The company's automated manufacturing facility offers mono and polycrystalline PV modules for various solar projects in India and abroad. The facility also manufactures a mono PERC (Passivated Emitter and Rear Contact) module.
- Provision of solar water pumping systems
- Providing EPC services to PAN India customers: This includes design, supply, installation, testing, commissioning and maintenance of projects of all sizes, from a simple domestic solar system to a large solar power plant set-up.
As of September 30, 2023, the company employed over 64 people in the areas of administration, accounting and finance, human resources, projects, procurement, operations manager, sales and marketing, production and operations, and top management.
Company Information
AddressOffice No. 301, Ashirvad Paras, Opp. Prahladnagar Garden, Satellite, Ahmedabad, Gujarat, 380051
Phone+91-079-68171800
Emailcs@sahajsolar.com
Websitehttp://www.sahajsolar.com/