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SME IPO Status: Listed [11th Jul 2024 to 15th Jul 2024]
Sahaj Solar IPO, a SME IPO of ₹52.56 Cr was launced on 11-07-2024 to 15-07-2024 and the shares got listed on NSE SME on 19-07-2024.
The public issue of Sahaj Solar IPO (SAHAJSOLAR) was offered at ₹180.00 per share and the ipo was listed at ₹342.00. It has delivered listing gain of 90.00%.
As the minimum lot size was 800 shares, the IPO has offered Rs 129600.00 per lot return on listing.
| SME IPO Issue Opening Date: | 11th Jul 2024 |
| SME IPO Issue Closing Date: | 15th Jul 2024 |
| SME IPO Issue Price: | ₹171.00-180.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹52.56 Cr |
| Fresh Issue: | ₹52.56 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | Emplopee:15.00 |
| Promoter Holding Pre IPO: | 97.09% |
| Promoter Holding Post IPO: | 71.28% |
| Allotment Status: | Allotment Status |
| NSE Code: | SAHAJSOLAR |
Get important updates regarding Sahaj Solar SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 16th Jul 2024 |
| Refunds Initiation* | 18th Jul 2024 |
| Credit of Shares to Demat* | 18th Jul 2024 |
| SME IPO Listing Date* | 19th Jul 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹171.00-180.00 |
| Market Lot: | 800 Shares |
| 1 Lot Amount: | ₹144000 |
| Min HNI Lots: | 1600 shares (2 lots)- ₹288000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 19-07-2024 | 180.00 | 250 | 152000 | ₹430 (138.89%) | 19-Jul-2024 10:30 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Established in February 2010, Sahaj Solar Limited is a renewable energy solutions provider operating primarily in three business segments: manufacturing of PV modules, provision of solar water pumping systems and provision of EPC services to its customers across India.
The company is both a manufacturer and a service provider, which gives us an edge in the solar energy market. The company operates in three business segments: Manufacturing of PV modules, provision of solar pumping systems and provision of EPC services.
The company’s automated manufacturing facility offers mono and polycrystalline PV modules for various solar projects in India and abroad. The plant is an integrated manufacturing facility for PV modules. In addition to polycrystalline modules, the plant also manufactures monocrystalline PERC (Passivated Emitter and Rear Contact) modules with an efficiency of at least 21% and above. To improve efficiency and brand positioning, the company uses crystalline photovoltaic technology to produce PV solar modules.
Secondly, the company is engaged in providing solar water pumping systems. A solar water pump is an application of PV solar systems that converts solar energy into electricity to drive the motor and pump.
Thirdly, as a provider of integrated solar energy solutions, the company also offers engineering, procurement and construction (“EPC”) services to its customers. EPC services include the design, supply, installation, testing, commissioning and maintenance of projects of all sizes, from a simple residential solar system to the construction of a large solar power plant.
The company comprises the following three subsidiaries
| Incorporation | Sector | IPO Issue Size | Website |
| 2010 | Civil Construction | ₹52.56 Cr | http://www.sahajsolar.com/ |
The Company proposes to utilize the funds which are being raised through this Offer towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE SME.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 550,400 (28.23%) | 412,800 (21.17%) | 962,400 (49.36%) | 1,949,600 | |
| 1 | 11th Jul 2024 19:31 | 0.10x | 40.11x | 68.27x | 42.23x |
| 2 | 12th Jul 2024 19:31 | 3.18x | 94.65x | 156.05x | 97.98x |
| 3 | 15th Jul 2024 18:19 | 214.27x | 862.35x | 535.03x | 507.21x |
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 |
| Revenue | 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 table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Sahaj Solar Limited | 16.7 | 16.7 | 40.83 | 10.86 | 39.96 | Consolidated |
| Shakti Pumps (india) Ltd. | 76.91 | 76.91 | 377.19 | 17.34 | 18.75 | Consolidated |
| Zodiac Energy Limited | 7.5 | 7.5 | 32.51 | 51.62 | 23.06 | Consolidated |
| Solex Energy Limited | 10.92 | 10.92 | 57.8 | 74.18 | 18.89 | Consolidated |
Last Updated on 12-Aug-2024 16:07:57
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Sahaj Solar SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Sahaj Solar SME IPO with Zerodha.
Alternate approch to apply in Sahaj Solar SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Sahaj Solar SME IPO Review and Important Updates
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To subscribe or apply in Sahaj Solar SME IPO, you can use the following methods:
| Sahaj Solar SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Sahaj Solar SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Sahaj Solar SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Sahaj Solar SME IPO. Most of the Syndicate Banks provide access to apply in Sahaj Solar IPO via ASBA process. You must have your net banking access, DP ID information to apply in Sahaj Solar SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Sahaj Solar SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Sahaj Solar SME IPO Review and Important Updates
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Sahaj Solar SME IPO is going to be list on 19-07-2024. NSE Code for Sahaj Solar is SAHAJSOLAR.
Other relevant questions:
When Sahaj Solar SME IPO will be listing? Sahaj Solar SME IPO NSE listing date?Sahaj Solar SME IPO date of listing
Sahaj Solar SME IPO Allotment Date is 16-07-2024.
Other relevant questions:
Sahaj Solar SME IPO share allotment date?Sahaj Solar SME IPO allotment date?
(1)QIB-28.23%
(2)NII-21.17%
(3)RII-49.36%
Total 98.76%
What about remaining 1.24% of the quantity