Sahaj Solar IPO Subscription Status, Rate

Sahaj Solar IPO Details

Sahaj Solar IPO Subscription Status: Sahaj Solar IPO 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). 

  • The Retail Quota is 35%
  • QIB is 50%
  • NII is 15%

Sahaj Solar IPO is an SME IPO and Listed on NSE SME. Sahaj Solar IPO Price Band is Fixed at ₹180 Equity Share. Sahaj Solar IPO Lot Size is 800 Shares.

About Sahaj Solar IPO :

  • Sahaj Solar 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.

Sahaj Solar IPO Subscription Status, Rate bid times

Inv Category Shares Reserved No. of Shares bid for No. of Times (Subscription)
Qualified Buyers (QIBs) 5,50,400 11,79,33,600 214.27
Non Institutional Buyers (NIIs) 4,12,800 35,59,78,400 862.35
Retail Individual Buyers (RIIs) 9,62,400 51,49,09,600 535.03
Anchor Investor 8,24,000 8,24,000 1
Market Maker 1,46,400 1,46,400 1
Total 19,49,600 98,88,48,000 507.21

Sahaj Solar Subscription Status day-by-day-

Categories 11 July 12 July 15 July
QIB 0.10 3.18 214.27
NII 40.11 94.64 862.35
RII 68.28 156.02 535.03
Total 42.24 97.97 507.21

Sahaj Solar Investor Categories

  • Qualified Institutional Buyers (QIB).
  • Non- Institutional Investors (NII).
  • Retail individual Investors (RII).
  • Employee (EMP).
  • Others (Eligible Shareholders).

Who Is QIB In IPO?

QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.

Who Is NII In IPO?

NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.

Who Is RII In IPO?

RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.

Who Is EMP In IPO?

“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).

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