Sahaj Solar IPO details Today : Sahaj Solar IPO details Today is Open on 11 July 2024 and Close on 15 July 2024. Sahaj Solar IPO to Raise 2,920,000 shares (Approx ₹52.56 Cr) via IPO. The Fresh issue of 2,920,000 shares (Approx ₹52.56 Cr).
Company incorporation 26 February 2010 Our company is a Solar Solutions providing company having experience of almost one decade in majority of the verticals of renewable power generation.
We are a manufacturing as well as a service provider company which gives us an edge in the solar power market. We are engaged in three businesses of PV Module manufacturing, providing solar pumping systems and providing EPC Services.
- Solar Panel
- Solar Water Pump
- Mobile Solar Trolley
- Solar Home Light
- Solar Street Light
- Solar Off-Grid Power Plant
our Company being an integrated solar energy solutions provider, engineering, procurement, and construction (“EPC”) services to our customers. Our EPC services include design, supply, installation, testing, commissioning and maintaining of all sizes of projects ranging from simple domestic solar installation to setting up a large scale Solar Power Plant.
First being PV Module manufacturing, for which our company has a PV module manufacturing plant having a capacity of 100 MWs at our plant in Bavla, Ahmedabad, Gujarat, India on a land admeasuring approximately 2,883.77 square metres; having a construction of 2445.5 square metres comprising of factory as well as office premises enabling the company to deliver quality and affordable solar panels to its customers. Our Company’s automated production facility offers mono & poly crystalline PV Modules for various solar projects across India and abroad.
The plant is an integrated manufacturing facility for PV modules. Apart from polycrystalline module, the facility manufactures Mono PERC (Passivated Emitter and Rear Contact) module, with not less than 21% and higher efficiency also. To enhance efficiency and brand positioning, we use Crystalline Photovoltaic Technology for manufacturing Solar PV Modules. Our plant has the capacity to manufacture customized size PV modules. Our Company has built a reputation for solar PV modules and is sold under the brand name of ‘SAHAJ’.
We strive to deliver reliable solar solutions through our products and we achieve this majorly through our streamlined PV module manufacturing line and comprehensive EPC solutions.
our company is engaged in providing solar water pumping systems. A solar water pump is an application of Solar PV System which converts solar energy into electricity to run motor and pump. The motor energized by solar power delivers water out of bore well, river, lake or pond. The key components of solar water pumping system is solar panel which is manufactured by our company.
As a part of the Central Government’s initiative to increase farmers’ income, the Ministry of New and Renewable Energy (MNRE) has launched the Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PM KUSUM) Scheme for farmers for installation of solar pumps and grid connected solar and other renewable power plants in the country.
Through this scheme, more than 20 lakh farmers (MNRE PM KUSUM scheme) will benefit with standalone solar water pumping system which will enable them to produce crops in multiple seasons and thereby increase their incomes.
Our key domestic customers are divided as below : –
a) Government Customers :- MGVCL, DGVCL, PGVCL, GEDA, HAREDA, MEDA, Maharashtra State Electricity Distribution co. Ltd.
b) Private Customers :- Mahindra Susten Private Limited, Mahindra Solarize Private Limited, Secured Meters, Eglo, Shekhani Industries, Nuvoco Cements (Lafarge Cements), Tenneco, Valeo, Rotomag, Premier Solar and Iron Mountain.
Sahaj Solar IPO Date & Price Band Details
| IPO Open Date | 11 July 2024 |
|---|---|
| IPO Close Date | 15 July 2024 |
| IPO Size | 2,920,000 shares (Approx ₹52.56 Cr) |
| Fresh Issue | 2,920,000 shares (Approx ₹52.56 Cr) |
| Lot Size | 800 Shares |
| Employee Discount | 15% |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹171 to ₹180 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
Sahaj Solar IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 800 | ₹144,000 |
| Retail Maximum | 1 | 800 | ₹144,000 |
| S-HNI Minimum | 2 | 1600 | ₹288,000 |
Object of the Issue
- Working Capital Requirements of our Company.
- General Corporate Purposes.
Sahaj Solar IPO Allotment & Listings (Details)
| IPO Open Date | 11 July 2024 |
|---|---|
| IPO Close Date | 15 July 2024 |
| Basis of Allotment | 16 July 2024 |
| Refunds | 18 July 2024 |
| Credit to Demat Account | 18 July 2024 |
| IPO Listing Date | 19 July 2024 |
Sahaj Solar Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| Sept 2023 | ₹61.10 | ₹56.51 | ₹2.07 |
| 2023 | ₹185.80 | ₹173.99 | ₹6.48 |
| 2022 | ₹67.29 | ₹62.87 | ₹1.03 |
| 2021 | ₹62.19 | ₹58.91 | ₹0.71 |
Our Company Promoters
- Pramit Bharatkumar Brahmbhatt
- Varna Pramit Brahmbhatt
- Manan Bharatkumar Brahmbhatt
Qualitative Factors
- Well positioned solar PV module manufacturer in India to capture industry tailwinds and growth prospects for solar energy in India.
- Diversified base of customers with a large order book.
- Advanced manufacturing facilities with global accreditations.
- Extensive pan-India retail network.
- Experienced Promoter and management team with strong industry expertise and successful track record.
- Well versed and equipped with advance technology.
- Quality Assurance & Control.
Sahaj Solar Comparison Listed Industry Peers Group
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| Shakti Pumps (India) Limited | 10.00 | 13.13 | 114.27 | 5.77% | 227.45 | 97,093.62 |
| Zodiac Energy Limited | 10.00 | 2.18 | 119.72 | 8.85% | 24.64 | 13,849.62 |
| Solex Energy Limited | 10.00 | 3.97 | 151.28 | 1.90% | 47.79 | 9,375.51 |
Comparison of accounting ratios with listed industry peers
- Shakti Pumps (India) Limited.
- Zodiac Energy Limited.
- Solex Energy Limited.
Also Read: Emcure Pharmaceuticals IPO details, Date, Price, GMP, Review
Sahaj Solar Company Contact Details
Office No. 301, Ashirvad Paras,
Opp. Prahladnagar Garden, Satellite,
Ahmedabad, Gujarat – 360 051, India
Telephone : +91-079-68171800
E-mail : cs@sahajsolar.com
Website : www.sahajsolar.com
Sahaj Solar IPO Registrar
KFin Technologies Limited
Selenium Tower-B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032,
Telangana
Tel No.: +91 40 6716 2222
Email Id: ssl.ipo@kfintech.com
Investor Grievance Email Id: einward.ris@kfintech.com
Contact Person: M Murali Krishna
Website: www.kfintech.com
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