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Sahaj Solar IPO is a book build issue of ₹52.52 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹52.52 crore.
Sahaj Solar IPO bidding started from Jul 11, 2024 and ended on Jul 15, 2024. The allotment for Sahaj Solar IPO was finalized on Jul 16, 2024. The shares got listed on NSE SME on Jul 19, 2024.
Sahaj Solar IPO price band is set at ₹180.00 per share . The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,36,800 (800 shares). The minimum lot size investment for HNI is 2 lots (1,600 shares), amounting to ₹2,88,000.
The issue includes a reservation of up to 24,000 shares for employees offered at a discount of ₹15.00 to the issue price.
Kunvarji Finstock 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 Aftertrade Broking Pvt.Ltd..
Refer to Sahaj Solar IPO RHP for detailed Information.
| IPO Date | July 11, 2024 to July 15, 2024 |
| Listing Date | July 19, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹171 to ₹180 per share |
| Issue Price Final | ₹180 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,20,000 shares (aggregating up to ₹52.52 Cr) |
| Reserved for Market Maker | 1,46,400 shares Aftertrade Broking Pvt.Ltd. (aggregating up to ₹2.64 Cr) |
| Net Offered to Public | 27,73,600 shares (aggregating up to ₹49.89 Cr) |
| Employee Discount | ₹15.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 80,66,010 shares |
| Share Holding Post Issue | 1,09,86,010 shares |
Sahaj Solar IPO offers total 29,20,000 shares. Out of which 13,74,400 (47.07%) allocated to QIB, 5,50,400 (18.85%) allocated to QIB, 4,12,800 (14.14%) allocated to NII, 9,62,400 (32.96%) allocated to RII and 8,24,000 (28.22%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,46,400 (5.01%) |
| QIB Shares Offered | 13,74,400 (47.07%) |
| − Anchor Investor Shares Offered | 8,24,000 (28.22%) |
| − QIB (Ex. Anchor) Shares Offered | 5,50,400 (18.85%) |
| NII (HNI) Shares Offered | 4,12,800 (14.14%) |
| Retail Shares Offered | 9,62,400 (32.96%) |
| Employee Shares Offered | 24,000 (0.82%) |
| Total Shares Offered | 29,20,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Sahaj Solar IPO raises ₹14.83 crore from anchor investors. Sahaj Solar IPO Anchor bid date is July 10, 2024. Sahaj Solar IPO Anchor Investors list
| Bid Date | July 10, 2024 |
| Shares Offered | 8,24,000 |
| Anchor Portion Size (In Cr.) | 14.83 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 15, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 14, 2024 |
Sahaj Solar IPO opens on July 11, 2024, and closes on July 15, 2024.
| IPO Open Date | Thu, Jul 11, 2024 |
| IPO Close Date | Mon, Jul 15, 2024 |
| Tentative Allotment | Tue, Jul 16, 2024 |
| Initiation of Refunds | Thu, Jul 18, 2024 |
| Credit of Shares to Demat | Thu, Jul 18, 2024 |
| Tentative Listing Date | Fri, Jul 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jul 15, 2024 |
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 | ₹1,44,000 |
| Retail (Max) | 1 | 800 | ₹1,44,000 |
| HNI (Min) | 2 | 1,600 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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 8.56% and profit after tax (PAT) rose by 106.25% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 14,936.40 | 9,081.50 | 6,103.22 | 3,463.94 |
| Total Income | 20,171.55 | 18,580.48 | 6,728.95 | 6,218.78 |
| Profit After Tax | 1,337.29 | 648.37 | 102.50 | 70.58 |
| Net Worth | 3,293.12 | 1,637.30 | 1,002.05 | 922.01 |
| Reserves and Surplus | 2,496.78 | 859.22 | 479.99 | 405.40 |
| Total Borrowing | 5,680.86 | 1,361.97 | 1,711.35 | 1,502.87 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Sahaj Solar IPO is ₹197.75 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 39.96% |
| ROCE | 26.47% |
| RoNW | 39.96% |
| PAT Margin | 6.52% |
| Price to Book Value | 4.41 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 16.58 | 12.17 |
| P/E (x) | 10.86 | 14.79 |
The Company proposes to utilize the funds which are being raised through this Offer towards the following objects:
[Dilip Davda] Off late we are witnessing 1 out of 3 IPO for this segment and thus it is getting over crowded. It appears many company wants to encase the ongoing fancy for such companies. This company is in renewable energy segment with three verticals i.e. PV module manufacturing, solar power pumps and EPC in renewable energy. It marked growth in its top and bottom lines for the reported periods. Based on FY24 super earnings, the issue appears fully priced. Well-informed/cash surplus investors may park moderate fund for the long term rewards. Read detail review...
| Listing Date | July 19, 2024 |
| BSE Script Code | |
| NSE Symbol | SAHAJSOLAR |
| ISIN | INE0P4701011 |
| Final Issue Price | ₹180 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹180.00 |
| Open | ₹342.00 |
| Low | ₹342.00 |
| High | ₹359.10 |
| Last Trade | ₹359.10 |
Sahaj Solar Ltd.
Office No. 301, Ashirvad Paras,
Opp. Prahladnagar Garden,
Satellite,
Ahmedabad, Gujarat, 380051
Phone: +91-079-68171800
Email: cs@sahajsolar.com
Website: http://www.sahajsolar.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: ssl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Sahaj Solar IPO is a SME IPO of 29,20,000 equity shares of the face value of ₹10 aggregating up to ₹52.52 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 800.
The IPO opens on July 11, 2024, and closes on July 15, 2024.
Kfin Technologies Ltd. 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, and the minimum amount required for application is ₹1,44,000.
You can apply in Sahaj Solar 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 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.
The Sahaj Solar IPO listing date is on Friday, July 19, 2024.
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