Fixed Price IPO | ₹13 Cr | Listed at BSE SME | Mon, Jul 10, 2023 - Thu, Jul 13, 2023
Ahasolar Technologies IPO is a fixed price issue of ₹12.85 crores. The issue is entirely a fresh issue of 0.08 crore shares of ₹12.85 crore.
Ahasolar Technologies IPO bidding started from Jul 10, 2023 and ended on Jul 13, 2023. The allotment for Ahasolar Technologies IPO was finalized on Jul 18, 2023. The shares got listed on BSE SME on Jul 21, 2023.
Ahasolar Technologies IPO price is ₹157 per share. The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹1,25,600 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,600 shares), amounting to ₹2,51,200.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Ahasolar Technologies IPO RHP for detailed Information.
IPO Open
Mon, Jul 10, 2023
IPO Close
Thu, Jul 13, 2023
Issue Price
₹157 per share
Market Cap (Pre-IPO)
₹48.39 Cr
| IPO Date | 10 to 13 Jul, 2023 |
| Listed on | Fri, Jul 21, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹157 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 8,18,400 shares (agg. up to ₹13 Cr) |
| Reserved for Market Maker | 42,400 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹0.6657 Cr) |
| Fresh Issue (Ex Market Maker) | 7,76,000 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 7,76,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 22,63,888 shares |
| Share Holding Post Issue | 30,82,288 shares |
| BSE Script Code | 543941 |
| ISIN | INE0NEV01011 |
Ahasolar Technologies IPO comprises a total issue size of 8,18,400 shares. The net offer to the public is 7,76,000 shares, after excluding 42,400 shares allotted on a firm basis. Of the Net offer 3,88,000 (50.00%) allocated to NII 3,88,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,88,000 | 50.00% | 47.41% |
| Retail Shares Offered | 3,88,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 42,400 | 5.18% | |
| Total Shares Offered | 8,18,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,25,600 |
| Retail (Max) | 1 | 800 | ₹1,25,600 |
| HNI (Min) | 2 | 1,600 | ₹2,51,200 |
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:
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:
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 5.26 | 2.37 | 0.85 | 1.39 |
| Total Income | 21.05 | 17.15 | 1.88 | 1.29 |
| Profit After Tax | 1.76 | 0.69 | 0.08 | 0.02 |
| NET Worth | 4.05 | 0.79 | 0.10 | 0.02 |
| Reserves and Surplus | 1.79 | 0.78 | 0.09 | 0.01 |
| Total Borrowing | 0.00 | 0.58 | 0.24 | 0.23 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Development of Solar PV Plant | 7.05 |
| 2 | Setting up of Electric Vehicle Charging Infrastructure | 0.33 |
| 3 | Purchase of Electric Vehicle | 0.09 |
| 4 | To Meet Working Capital Requirements | 2.40 |
| 5 | General Corporate Purpose | 1.96 |
| KPI | |
|---|---|
| ROE | 72.92% |
| ROCE | 63.53% |
| RoNW | 43.54% |
| PAT Margin | 8.38% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.94 | |
| P/E (x) | 27.45 | |
| Promoter Holding | 50.31% | 36.95% |
| Market Cap | ₹48.39 Cr. |
The Ahasolar Technologies IPO is subscribed 34.79 times on July 13, 2023 7:02:00 PM (Day 4). The public issue subscribed 46.18 times in the retail category, [.] times in the QIB category, and 23.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 23.37 | 3,88,000 | 90,67,200 |
| Retail | 46.18 | 3,88,000 | 1,79,18,400 |
| Total | 34.79 | 7,76,000 | 2,69,97,600 |
Total Application : 24,264
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.84 |
| 2 | Fees Payable to Registrar to the Issue | 0.00 |
| 3 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.05 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.03 |
| 5 | Fees payable to Peer Review Auditor | 0.02 |
| 6 | Fees Payable to Market Maker (for Two Years) | 0.08 |
| 7 | Escrow Bank Fees | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹157.00 |
| Open | ₹203.00 |
| Low | ₹203.00 |
| High | ₹213.15 |
| Last Trade | ₹213.15 |
Lead Manager Reports
Ahasolar Technologies IPO is a SME IPO of 8,18,400 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹157 per share. The minimum order quantity is 800.
The IPO opens on Mon, Jul 10, 2023, and closes on Thu, Jul 13, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Ahasolar Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Ahasolar Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ahasolar Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ahasolar Technologies IPO opens on Mon, Jul 10, 2023 and closes on Thu, Jul 13, 2023.
Ahasolar Technologies IPO lot size is 800, and the minimum amount required for application is ₹1,25,600.
You can apply in Ahasolar Technologies IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ahasolar Technologies IPO will be done on Tuesday, July 18, 2023, and the allotted shares will be credited to your demat account by Thu, Jul 20, 2023. Check the Ahasolar Technologies IPO allotment status.
The Ahasolar Technologies IPO listing date is on Fri, Jul 21, 2023.
