Sahaj Solar IPO description – Founded in 2010, Sahaj Solar is a renewable energy solution provider primarily engaged in three areas: manufacturing PV modules, supplying solar water pumping systems, and offering EPC services to customers across India.
- PV Module manufacturing: The company’s PV module manufacturing facility is located in Bavla, Ahmedabad, with a capacity of 100 MW. This automated facility produces both mono and polycrystalline PV modules for various solar projects in India and abroad. It also manufactures mono PERC (Passivated Emitter and Rear Contact) modules. The company’s solar PV modules, sold under the brand name ‘SAHAJ’, have built a solid reputation.
- Provision of solar water pumping systems: A solar water pump uses a Solar PV System to convert solar energy into electricity to power a motor and pump. The second key component of the solar water pumping system is the module mounting structure (MMS), which is manufactured by Veracity Energy and Infrastructure, one of our subsidiary companies.
- Providing EPC services to PAN India customers: This includes the design, supply, installation, testing, commissioning, and maintenance of projects of all sizes, from simple domestic solar installations to large-scale solar power plants.
As of 30 September 2023, the company had 64 employees across various departments, including Administration, Accounts & Finance, HR, Projects, Procurement, Plant Head, Sales & Marketing, Production & Operations, and Top-Level Management.
Promoters of Sahaj Solar – Mr. Pramit Bharatkumar Brahmbhatt, Mrs. Varna Pramit Brahmbhatt & Mr. Manan Bharatkumar Brahmbhatt
Table of Contents
Sahaj Solar IPO Details
| Sahaj Solar IPO Dates | 11 – 15 July 2024 |
| Sahaj Solar Issue Price | INR 171 – 180 per share |
| Employee Discount | INR 15 per share |
| Fresh issue | 29,20,000 shares (INR 49.93 – 52.56 crore) |
| Offer For Sale | NIL |
| Total IPO size | 29,20,000 shares (INR 49.93 – 52.56 crore) |
| Minimum bid (lot size) | 800 shares (INR 1,44,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Sahaj Solar Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 61.93 | 66.77 | 185.36 | 201.17 |
| Expenses | 58.91 | 62.87 | 173.99 | 176.79 |
| Net income | 0.60 | 1.02 | 6.35 | 13.16 |
Sahaj Solar Offer News
- Sahaj Solar IPO Subscription Status
- Sahaj Solar RHP
- Sahaj Solar Draft Prospectus
- ASBA IPO Forms
- Highest SME IPO Subscription in 2024
Sahaj Solar Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.30 | 8.11 | 16.70 |
| PE ratio | – | – | 10.24 – 10.78 |
| RONW (%) | 10.21 | 38.78 | 39.96 |
| NAV | 19.19 | 20.91 | 40.83 |
| ROCE (%) | 11.37 | 35.11 | 26.47 |
| EBITDA (%) | 5.83 | 6.11 | 12.12 |
| Debt/Equity | 1.70 | 0.82 | 1.72 |
Sahaj Solar IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 18 July 2024 | 220 | – | 1,40,000 |
| 17 July 2024 | 220 | – | 1,40,000 |
| 16 July 2024 | 220 | – | 1,40,000 |
| 15 July 2024 | 220 | – | 1,40,000 |
| 12 July 2024 | 150 | – | 97,000 |
| 10 July 2024 | 120 | – | 77,000 |
| 9 July 2024 | 95 | – | 57,000 |
| 8 July 2024 | 95 | – | 57,000 |
Sahaj Solar IPO Allotment Status
Sahaj Solar IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Sahaj Solar IPO Dates & Listing Performance
| IPO Opening Date | 11 July 2024 |
| IPO Closing Date | 15 July 2024 |
| Finalization of Basis of Allotment | 16 July 2024 |
| Initiation of refunds | 18 July 2024 |
| Transfer of shares to demat accounts | 18 July 2024 |
| IPO Listing Date | 19 July 2024 |
| Opening Price on NSE SME | INR 342 per share (up 90%) |
| Closing Price on NSE SME | INR 359.10 per share (up 99.50%) |
Sahaj Solar Offer Lead Manager
KUNVARJI FINSTOCK PRIVATE LIMITED
Block B, First Floor, Siddhi Vinayak Towers, Off S. G.
Highway Road, Mouje Makarba, Ahmedabad – 380051
Phone: 022 – 69850000 / 079- 66669000
Email:Â [email protected]
Website:Â www.kunvarji.com
Sahaj Solar 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
Sahaj Solar Issue Contact Details
SAHAJ SOLAR LIMITED
Office No. 301, Ashirvad Paras Opp Prahladnagar Garden,
Satellite, Ahmedabad, Gujarat, India, 380051
Phone: +91-079-68171800
E-mail: [email protected]
Website: www.sahajsolar.com
IPO FAQs
What is the Sahaj Solar offer size?
Sahaj Solar offer size is INR 49.93 – 52.56 crores.
What is the Sahaj Solar offer price band?
Sahaj Solar public offer price is INR 171 – 180 per share.
What is the lot size of the Sahaj Solar IPO?
Sahaj Solar offer a lot size is 800 shares.
What is Sahaj Solar IPO GMP today?
Sahaj Solar IPO GMP today is INR 220 per share.
What is the Sahaj Solar kostak rate today?
Sahaj Solar kostak rate today is INR NA per application.
What is Sahaj Solar Subject to the Sauda rate today?
Sahaj Solar is Subject to the Sauda rate today is INR 1,40,000 per application.
