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sahaj solar ipo

Sahaj Solar IPO

  • Status: Closed
  • RHP:
  • ₹ 136,800 / 800 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    19 Jul 2024

  • Listing Price

    ₹ 342.00

  • Listing Change

    90.00%

  • Last Traded Price

    ₹ 507.95

IPO Details

  • Open Date

    11 Jul 2024

  • Close Date

    15 Jul 2024

  • IPO Price Range

    ₹ 171 to ₹ 180

  • IPO Size

    ₹ 52.56 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    19 Jul 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Sahaj Solar IPO Subscription Status

Last Updated: 15 July 2024 6:54 PM by 5Paisa

Last Updated: 15th July 2024, 05:30 PM by 5paisa

Sahaj Solar IPO is set to open on 11 July 2024 and will close on 15 July 2024. The company provides a broad range of solar solutions, such as PV modules, solar water pumps, and EPC services.

The IPO includes a fresh issue of 29,20,000 shares aggregating up to ₹52.56 Cr. The price range is ₹171-₹180 per share and the lot size is 800 shares. 

The allotment is scheduled to be finalized on 16 July 2024. It will go public on NSE SME, with a tentative listing date of 19 July 2024.

Kunvarji Finstock Pvt Ltd is the book-running lead manager, while Kfin Technologies Limited is the registrar. 

Objectives Of Sahaj Solar IPO

1. Working Capital Requirements of the Company
2. General corporate purposes.

Sahaj Solar IPO Size

Types Size (₹Cr)
Total IPO size 52.56
Offer for sale -
Fresh issue 52.56

Sahaj Solar IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 800 ₹144000
Retail (Max) 1 800 ₹144000
S-HNI (Min) 2 1,600 ₹288000

Sahaj Solar IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 214.27 5,50,400 11,79,33,600 2,122.80
NII (HNI) 862.09 4,12,800 35,58,72,800 6,405.71
Retail 534.26 9,62,400 51,41,75,200 9,255.15
Total 506.77 19,49,600 98,80,08,000 17,784.14

Sahaj Solar IPO Anchor Allocation

Anchor Bid Date 10 July, 2024
Total no. of shares offered 824,000
Portion Size for Anchor Investors 14.83 Cr.
Lock in Period for 50% shares (30 days) 15 August, 2024
Lock in Period for rest of shares (90 days) 14 October, 2024

Founded in 2010, Sahaj Solar Limited is a well-known supplier of sustainable energy solutions. There are three main business units that the corporation runs. Its 2,883.77 square meter PV module production facility, which includes a 2,445.5 square meter structure that serves as both a factory and an office space, is situated in Bavla, Ahmedabad, Gujarat. With a 100 MW manufacturing capacity, this plant produces mono and polycrystalline photovoltaic (PV) modules, including sophisticated mono PERC (Passivated Emitter and Rear Contact) modules for a range of solar projects in India and beyond.

Sahaj Solar produces PV modules as well as effective solar water pumping systems that use renewable energy to meet water demands for agriculture and other uses. In locations where traditional power sources aren't available, this business seeks to offer sustainable water solutions.

Additionally, the business offers complete Engineering, Procurement, and Construction (EPC) services all throughout India. From modest home systems to massive solar power plants, these services cover the design, supply, installation, testing, commissioning, and maintenance of solar installations. Sahaj Solar is now a one-stop shop for all solar energy requirements as a result.

Over 64 professionals were employed by Sahaj Solar as of September 30, 2023, in a variety of areas, including top management, operations, sales and marketing, procurement, project management, accounting and finance, human resources, and operations. Delivering superior renewable energy solutions is the company's purpose, and it is greatly aided by this diversified staff.

Peer Comparison

Shakti Pumps (India) Limited
Zodiac Energy Limited
Solex Energy Limited

For More Information
Webstory on Sahaj Solar IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 185.8 67.29 62.19
EBITDA 11.82 4.42 3.27
PAT 6.48 1.03 0.71
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 90.82 61.03 34.64
Share Capital 7.83 5.22 5.22
Total Borrowings 12.42 17.11 15.03
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 11.44 -1.66 4.03
Net cash from / (used in) investing activities -0.87 0.16 -2.58
Net cash flow from / (used in) financing activities -8.63 0.65 -1.84
Net increase (decrease) in cash and cash equivalents 1.94 -0.85 -0.39


Strengths

1. It has a strong foothold in the Indian solar energy market.
2. Offers a wide range of solar solutions.
3. The company holds multiple national and international quality certifications.
4. Increasing government support and favorable policies for renewable energy could boost the company’s growth prospects.
5. Continuous focus on R&D and innovation
 

Risks

1. The solar energy market in India is highly competitive.
2. The business is highly dependent on government policies and incentives.
3. Solar energy projects are capital-intensive.
4. Dependency on the import of raw materials.
5. Navigating regulatory approvals and addressing environmental concerns can be time-consuming and costly.
 

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FAQs

Sahaj Solar IPO opens from 11th July to 15th July 2024.
 

The size of Sahaj Solar IPO is ₹52.56 Cr.
 

The price band of Sahaj Solar IPO is fixed at ₹171 to ₹180 per share. 
 

To apply for Sahaj Solar IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Sahaj Solar IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Sahaj Solar IPO is 800 shares and the investment required is ₹1,44,000.
 

The share allotment date of Sahaj Solar IPO is 16th July 2024.
 

The Sahaj Solar IPO will be listed on 19h July 2024.
 

Kunvarji Finstock Pvt Ltd is the book-running lead manager for Sahaj Solar IPO.
 

Sahaj Solar plans to utilize the raised capital from the IPO to:

Working Capital Requirements of the Company
General corporate purposes.