Last updated on July 21, 2023
Ahasolar Technologies IPO description – Incorporated in 2017, Ahasolar Technologies is engaged in the business of CleanTech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy.
It has developed Software as a Service (SaaS) products for solar companies to streamline the processes, design PV, do project management, and monitor generation along with an integrated Marketplace to connect the demand & supply digitally. Apart from this, another SaaS product is for the governments to implement the distributed renewable program in their services area.
The business of the company can be divided into the following segments:
- Solar Software Service
- Solar Marketplace
- Solar Advisory and Consultancy Service
Ahasolar Technologies has been working with multiple national, international, government, and private companies in enabling them to accelerate the adoption of solar through its solutions. The products of Ahasolar Technologies are offered under the names:
- AHA! Rooftop Solar Helper
- AHA! Rooftop Solar Helper (Pro)
Through its advisory services, the company has footprints across India and currently working with 38 cities to transform them into solar cities and enable the growth of solar namely in Gujarat, Punjab, Uttar Pradesh, Goa, Maharashtra, Telangana, Uttrakhand, Jharkhand, Delhi/NCR, Odisha, Karnataka, Kerala, J&K, etc.
Promoters of Ahasolar Technologies – Mr. Piyushkumar Vasantlal Bhatt, Mr. Pulkit Dhingra, Mr. Shatrughan Harinarayan Yadav, and Mr. Vipin Sharma
Table of Contents
Ahasolar Technologies IPO Details
| Ahasolar Technologies IPO Dates | 10 – 13 Jul 2023 |
| Ahasolar Technologies IPO Price | INR 157 per share |
| Fresh issue | 8,18,400 shares (INR 12.85 crore) |
| Offer For Sale | NIL |
| Total IPO size | 8,18,400 shares (INR 12.85 crore) |
| Minimum bid (lot size) | 800 shares (INR 125,600) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Ahasolar Technologies Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 187.61 | 1,713.33 | 2,104.23 |
| Expenses | 176.98 | 1,622.08 | 1,932.07 |
| Net income | 7.91 | 68.63 | 176.38 |
Ahasolar Technologies Offer News
- Ahasolar Technologies RHP
- Ahasolar Technologies Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Ahasolar Technologies Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.49 | 4.28 | 7.94 |
| PE ratio | – | – | 19.77 |
| RONW (%) | 87.20 | 19.95 | 43.54 |
| NAV | 0.63 | 4.91 | 17.89 |
| ROCE (%) | 36.12 | 108.13 | 63.53 |
| EBITDA (%) | 5.82 | 5.48 | 9.20 |
| Debt/Equity | 2.41 | 0.74 | – |
Ahasolar Technologies IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 20 July 2023 | 15 | – | – |
| 19 July 2023 | 15 | – | – |
| 18 July 2023 | 15 | – | – |
| 17 July 2023 | 15 | – | – |
| 15 July 2023 | 20 | – | 8,000 |
| 14 July 2023 | 30 | – | 12,000 |
| 13 July 2023 | 45 | – | 15,000 |
| 12 July 2023 | 42 | – | 18,000 |
| 11 July 2023 | 40 | – | 20,000 |
Ahasolar Technologies IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 409,200 | 409,200 | 818,400 |
| 13 Jul 2023 | 22.29 | 43.79 | 33.04 |
| 12 Jul 2023 | 5.86 | 21.94 | 13.90 |
| 11 Jul 2023 | 1.90 | 11.39 | 6.65 |
| 10 Jul 2023 | 0.46 | 3.11 | 1.79 |
Ahasolar Technologies IPO Allotment Status
Ahasolar Technologies IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Ahasolar Technologies IPO Dates & Listing Performance
| IPO Opening Date | 10 July 2023 |
| IPO Closing Date | 13 July 2023 |
| Finalization of Basis of Allotment | 18 July 2023 |
| Initiation of refunds | 19 July 2023 |
| Transfer of shares to demat accounts | 20 July 2023 |
| IPO Listing Date | 21 July 2023 |
| Opening Price on BSE SME | INR 203 per share (up 29.30%) |
| Closing Price on BSE SME | INR 213.15 per share (up 35.76%) |
Ahasolar Technologies Offer Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
807, Phoenix, Opp. Girish Cold Drinks,
Near Vijay Cross Roads, Navrangpura, Ahmedabad -380009
Phone: +91-79-4840 5357
Email:Â [email protected]
Website:Â www.beelinemb.com
Ahasolar Technologies Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
Ahasolar Technologies Contact Details
AHASOLAR TECHNOLOGIES LIMITED
Office No. 207, Kalasagar Shopping Hub,
Opp. Saibaba Temple, Sattadhar Cross Road,
Ghatlodiya, Ahmedabad, Gujarat, India – 380061
Phone: 079-40394029
E-mail: [email protected]
Website: www.ahasolar.in
IPO FAQs
What is Ahasolar Technologies IPO offer size?
Ahasolar Technologies offer size is INR 12.85 crores.
What is the Ahasolar Technologies offer price band?
Ahasolar Technologies public offer price is INR 157 per share.
What is the lot size of Ahasolar Technologies public offer?
Ahasolar Technologies offer lot size is 800 shares.
What is Ahasolar Technologies IPO GMP today?
Ahasolar Technologies IPO GMP today is INR 15 per share.
What is Ahasolar Technologies kostak rate today?
Ahasolar Technologies kostak rate today is INR NA per application.
What is Ahasolar Technologies Subject to Sauda rate today?
Ahasolar Technologies Subject to Sauda rate today is INR NA per application.
