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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.
Refer to Sahaj Solar IPO DRHP for detailed information.
| IPO Date | July 11, 2024 to July 15, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹171 to ₹180 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 2,920,000 shares (aggregating up to ₹52.56 Cr) |
| Fresh Issue | 2,920,000 shares (aggregating up to ₹52.56 Cr) |
| Employee Discount | Rs 15 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,066,010 |
| Share holding post issue | 10,986,010 |
| Market Maker portion | 146,400 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Sahaj Solar IPO opens on July 11, 2024, and closes on July 15, 2024.
| IPO Open Date | Thursday, July 11, 2024 |
| IPO Close Date | Monday, July 15, 2024 |
| Basis of Allotment | Tuesday, July 16, 2024 |
| Initiation of Refunds | Thursday, July 18, 2024 |
| Credit of Shares to Demat | Thursday, July 18, 2024 |
| Listing Date | Friday, July 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 15, 2024 |
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 |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 1 | 800 | ₹144,000 |
| HNI (Min) | 2 | 1,600 | ₹288,000 |
| Lot Size Calculator | |||
Pramit Bharatkumar Brahmbhatt, Varna Pramit Brahmbhatt, and Manan Bharatkumar Brahmbhatt are the company's promoters.
| Share Holding Pre Issue | 97.09% |
| Share Holding Post Issue |
Sahaj Solar Limited was founded in 2010 and is a provider of renewable energy solutions.
The company has three business units:
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.
Sahaj Solar Limited's revenue increased by 176.13% and profit after tax (PAT) rose by 532.56% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,483.62 | 9,081.50 | 6,103.22 | 3,463.94 |
| Revenue | 6,110.30 | 18,580.48 | 6,728.95 | 6,218.78 |
| Profit After Tax | 207.48 | 648.37 | 102.50 | 70.58 |
| Net Worth | 1,836.08 | 1,637.30 | 1,002.05 | 927.45 |
| Reserves and Surplus | 1,063.00 | 859.22 | 479.99 | 405.40 |
| Total Borrowing | 1,655.72 | 1,241.72 | 1,711.35 | 1,502.87 |
| Amount in ₹ Lakhs | ||||
The Company proposes to utilize the funds which are being raised through this Offer towards the following objects:
Sahaj Solar Limited
Office No. 301, Ashirvad Paras,
Opp. Prahladnagar Garden,
Satellite, Ahmedabad - 380051
Phone: +91-079-68171800
Email: cs@sahajsolar.com
Website: http://www.sahajsolar.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ssl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Sahaj Solar IPO is a SME IPO of 2,920,000 equity shares of the 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 Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sahaj Solar IPO using UPI as a payment gateway. Zerodha customers can apply in Sahaj Solar IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sahaj Solar IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sahaj Solar IPO opens on July 11, 2024 and closes on July 15, 2024.
Sahaj Solar IPO lot size is 800 Shares, and the minimum amount required is ₹144,000.
You can apply in Sahaj Solar 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sahaj Solar IPO will be done on Tuesday, July 16, 2024, and the allotted shares will be credited to your demat account by Thursday, July 18, 2024. Check the Sahaj Solar IPO allotment status.
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