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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 ₹157.00 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). The minimum lot size investment for 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 Date | July 10, 2023 to July 13, 2023 |
| Listing Date | July 21, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹157 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 8,18,400 shares (aggregating up to ₹12.85 Cr) |
| Reserved for Market Maker | 42,400 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹0.6657 Cr) |
| Net Offered to Public | 7,76,000 shares (aggregating up to ₹12.18 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 22,63,888 shares |
| Share Holding Post Issue | 30,82,288 shares |
Ahasolar Technologies IPO offers total 8,18,400 shares. Out of which 3,88,000 (47.41%) allocated to NII, 3,88,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 42,400 (5.18%) |
| NII (HNI) Shares Offered | 3,88,000 (47.41%) |
| Retail Shares Offered | 3,88,000 (47.41%) |
| Total Shares Offered | 8,18,400 (100.00%) |
Ahasolar Technologies IPO opens on July 10, 2023, and closes on July 13, 2023.
| IPO Open Date | Mon, Jul 10, 2023 |
| IPO Close Date | Thu, Jul 13, 2023 |
| Tentative Allotment | Tue, Jul 18, 2023 |
| Initiation of Refunds | Wed, Jul 19, 2023 |
| Credit of Shares to Demat | Thu, Jul 20, 2023 |
| Tentative Listing Date | Fri, Jul 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jul 13, 2023 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 138.63 | 128.70 | 2.07 | 2.16 | 1.16 | 23.04 |
| 31-Mar-21 | 85.47 | 187.73 | 7.91 | 10.08 | 9.08 | 24.24 |
| 31-Mar-22 | 237.37 | 1,714.64 | 68.63 | 78.71 | 77.71 | 58.18 |
| 31-Mar-23 | 525.56 | 2,105.16 | 176.38 | 405.07 | 178.69 | 0.00 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Ahasolar Technologies IPO is ₹48.39 Cr.
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company claims to enjoy a virtual monopoly in the solar energy-related digitized service aspects providing all services under one roof. After teething problems for FY20, and FY21, it has succeeded in its service offerings and is now on a fast-forward mode as represented in its FY22 and FY23 performance. The management is confident of maintaining the trends in the future. A small equity base post-IPO indicates longer gestation for migration to the mainboard. Though the issue appears aggressively priced discounting near-term positives, well-informed investors may consider parking funds for medium to long-term rewards. Read detail review...
| Listing Date | July 21, 2023 |
| BSE Script Code | 543941 |
| NSE Symbol | |
| ISIN | INE0NEV01011 |
| Final Issue Price | ₹157 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹157.00 |
| Open | ₹203.00 |
| Low | ₹203.00 |
| High | ₹213.15 |
| Last Trade | ₹213.15 |
Ahasolar Technologies Ltd.
Office No. 207, Kalasagar Shopping Hub,
Opp. Saibaba Temple, Sattadhar Cross Road,
Ghatlodiya, Ahmedabad– 380061
Ahmedabad, Gujarat
Phone: 079-40394029
Email: compliance@ahasolar.in
Website: http://www.ahasolar.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: ahasolar.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Ahasolar Technologies IPO is a SME IPO of 8,18,400 equity shares of the face value of ₹10 aggregating up to ₹12.85 Crores. The issue is priced at ₹157 per share. The minimum order quantity is 800.
The IPO opens on July 10, 2023, and closes on July 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 July 10, 2023 and closes on July 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 Thursday, July 20, 2023. Check the Ahasolar Technologies IPO allotment status.
The Ahasolar Technologies IPO listing date is on Friday, July 21, 2023.
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