Sahaj Solar Limited IPO
- IPO Date11 Jul, 2024 to 15 Jul, 2024
- Listing Date19 Jul, 2024
- Face Value₹10 per share
- Issue Price₹171 to ₹180 per share
- Lot Size800 Shares
- Minimum Investment₹1,44,000
- Listing AtNSE SME
- Total Issue Size29,20,000 Shares
(aggregating up to ₹52.56 Cr) - Fresh Issue29,20,000 Shares
(aggregating up to ₹52.56 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue80,66,010
- Shareholding post issue1,09,86,010
IPO Dates
Closing Date
15 Jul, 2024
Initiation of Refunds
18 Jul, 2024
Listing Date
19 Jul, 2024
11 Jul, 2024
Opening Date
16 Jul, 2024
Basis of Allotment
18 Jul, 2024
Credit of Shares
Sahaj Solar Limited Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 1600 | ₹2,88,000 |
| Retail (Min) | 1 | 800 | ₹1,44,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 800 | ₹1,44,000 |
Sahaj Solar Limited Promoter Holding
Pramit Bharatkumar Brahmbhatt, Varna Pramit Brahmbhatt, and Manan Bharatkumar Brahmbhatt are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 97.09% | 71.28% |
Sahaj Solar Limited COMPANY INFORMATION
Sahaj Solar IPO is a book built issue of Rs 52.56 crores. The issue is entirely a fresh issue of 29.2 lakh shares. Sahaj Solar IPO opens for subscription on July 11, 2024 and closes on July 15, 2024. The allotment for the Sahaj Solar IPO is expected to be finalized on Tuesday, July 16, 2024. Sahaj Solar IPO will list on NSE SME with tentative listing date fixed as Friday, July 19, 2024. Sahaj Solar IPO price band is set at ₹171 to ₹180 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹288,000. Kunvarji Finstock Pvt Ltd is the book running lead manager of the Sahaj Solar IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Sahaj Solar IPO is Aftertrade Broking. Refer to Sahaj Solar IPO RHP for detailed information.
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.
Analysis of Sahaj Solar Limited IPO
Overview of Sahaj Solar Limited
Sahaj Solar Limited, a leading company in the solar energy sector, is set to launch its IPO. Established in 2010 and headquartered in Ahmedabad, Gujarat, the company specializes in providing innovative solar energy solutions. With the increasing demand for renewable energy, Sahaj Solar aims to leverage this IPO to expand its operations and enhance its market presence.
Key Details of the IPO
- Issue Size: The IPO consists of a fresh issue of 29,20,000 equity shares.
- Listing Platform: The shares will be listed on the NSE EMERGE platform.
- Promoters: The company is promoted by experienced professionals, including Mr. Pramit Bharatkumar Brahmbhatt.
- Book Running Lead Manager: Kunvarji Finstock Private Limited.
- Registrar: KFIN Technologies Limited.
- Bid/Offer Period: The IPO will open for subscription from July 10, 2024, to July 15, 2024.
Pros of Investing in Sahaj Solar Limited IPO
Growth Potential
Operating in the burgeoning renewable energy sector.
Experienced Management
Led by a team of seasoned professionals.
Market Demand
Increasing need for sustainable energy solutions.
Compliance
Adherence to SEBI regulations ensures transparency.
Cons of Investing in Sahaj Solar Limited IPO
Market Volatility
Lack of an established market for its shares.
Intense Competition
Competing with established players in the renewable energy sector.
Regulatory Dependence
Subject to changes in government policies.
Financial Risks
Reliance on government subsidies and support.
Conclusion
Investing in Sahaj Solar Limited's IPO presents both opportunities and risks. The company’s position in the renewable energy sector and experienced management team are significant advantages. However, potential investors should consider the market and regulatory risks associated with the IPO. As always, conducting thorough research and consulting with financial advisors is recommended before making investment decisions.
FAQs About Sahaj Solar Limited Ipo
Sahaj Solar Limited IPO will open on 11 Jul, 2024 and close on 15 Jul, 2024. Investors must apply within this period to participate.
The Sahaj Solar Limited IPO price band is set between ₹171.00 and ₹180.00 per share. The minimum lot size is 800, requiring an investment of at least ₹144000.00.
The Sahaj Solar Limited IPO shares are expected to be listed on 19 Jul, 2024, subject to regulatory approvals and final allotment.
You can track your Sahaj Solar Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Sahaj Solar Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.