Opening day of Sahaj Solar IPO is July 11. ₹52.56 crores will be raised through the IPO of Sahaj Solaris, a SME. With 800 shares in the market, the Sahaj Solar IPO price range is set at ₹₹171 to ₹180. Almost ten years of experience in most verticals of renewable power generation distinguish Sahaj Solar as a provider of solar solutions. Their advantage in the solar power business stems from their dual role as manufacturers and service providers. PV Module manufacture, solar pumping systems, and EPC services are their three business ventures.
Sahaj Solar IPO Details
The ₹52.56 crore Sahaj Solar initial public offering (IPO) is limited to the sale of up to 2,920,000 equity shares. The business intends to use the funds raised by this offer for both general corporate purposes and working capital requirements.
| IPO Open Date | July 11, 2024 |
| IPO Close Date | July 15, 2024 |
| Listing Date | July 19, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹171 to ₹180 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 2,920,000 shares
(aggregating up to ₹52.56 Cr) |
| Fresh Issue | 2,920,000 shares
(aggregating up to ₹52.56 Cr) |
| Employee Discount | Rs 15 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Sahaj Solar IPO Financials
In the financial year ending March 31, 2023, to March 31, 2024, Sahaj Solar Limited had an astounding 106.25 percent gain in profit after tax (PAT) to Rs 1,337.29 crore and an 8.56 percent increase in revenue to Rs 20,171.55 crore.
| FY 2024 | |
| Assets | 14,936.40 |
| Revenue | 20,171.55 |
| Profit After Tax | 1,337.29 |
| Net Worth | 3,293.12 |
| ROE | 39.96% |
| ROCE | 26.47% |
| RoNW | 39.96% |
| P/BV | 4.41 |
| PAT Margin (%) | 6.52 |
About the Company- Sahaj Solar
Sahaj Solar Limited is a technological company focused on renewable energy. The company provides system design and engineering, procurement, and construction services in addition to manufacturing and marketing solar photovoltaic modules, water pumps, street lighting, mobile solar trolleys, and multicrystalline panels.
The firm is divided into three divisions: PV module manufacturing The company’s PV module production plant is situated in Bavla, Gujarat’s Ahmedabad. The property spans 2,883.77 square meters, including a 2445.5 square meter building that houses office and manufacturing space. The plant can produce 100 MW of energy. The company’s automated manufacturing plant produces mono and polycrystalline photovoltaic modules for a range of domestic and international solar projects.
