Sahaj Solar Limited is a provider of renewable energy solutions.
The company has three business units:
- PV module manufacturing: The company’s PV module manufacturing facility is located at Bavla, Ahmedabad, Gujarat. It is spread over an area of 2,883.77 square metres and has a building of 2445.5 square metres comprising both factory and office space. The plant has a capacity of 100 MW. The company’s automated manufacturing facility offers mono and polycrystalline PV modules for various solar projects in India and abroad. The facility also manufactures a mono PERC (Passivated Emitter and Rear Contact) module.
- Provision of 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.
- Providing EPC services to PAN India customers: This includes design, supply, installation, testing, commissioning and maintenance of projects of all sizes, from a simple domestic solar system to a large solar power plant set-up.
The Company has obtained certifications such as MNRE registered company, ISO 9001:2015, ISO 14001:2015, ISO 45000:2018, CE – 2010, IS 14286/ IEC 61215; 2005, IS/IEC 61730 – 1;2004, IS/IEC 61730-2;2004, IEC TS 62804-1, and IEC 61701 : 2011.
As of September 30, 2023, the company employed over 64 people in the areas of administration, accounting and finance, human resources, projects, procurement, operations manager, sales and marketing, production and operations, and top management.
Sahaj Solar IPO – Details
| IPO Opening Date | 11 July 2024 |
| IPO Closing Date | 15 July 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 29,20,000 Shares Worth ₹52.56 Crore Fresh Issue: 29,20,000 Shares Worth ₹52.56 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹171 – ₹180 per share |
| Market Lot | 800 Shares |
| Min Order | 800 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Sahaj Solar IPO – Date Schedule
| IPO Open Date | 11 July 2024 |
| IPO Close Date | 15 July 2024 |
| Credit of Shares to Demat Account | 16 July 2024 |
| Initiation of Refund | 18 July 2024 |
| Credit of Shares to Demat Account | 18 July 2024 |
| IPO Listing Date | 19 July 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 15, 2024 |
Sahaj Solar IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,44,000 |
| Retail (Max) | 1 | 800 | ₹1,44,000 |
| HNI (Min) | 2 | 1600 | ₹2,88,000 |
Competitive Strengths
- 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.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 62.18 | 58.91 | 0.70 | 15.02 |
| 31 March 2022 | 67.28 | 62.86 | 1.02 | 17.11 |
| 31 March 2023 | 185.80 | 173.98 | 6.48 | 12.41 |
| 30 September 2023 | 61.10 | 56.51 | 2.07 | 16.55 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 39.96% |
| ROCE | 26.47% |
| RoNW | 39.96% |
| P/BV | 4.41 |
| PAT Margin (%) | 6.52 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 16.58 | 12.17 |
| P/E (x) | 10.86 | 14.79 |
Object Of The Issue
Sahaj Solar IPO Promoter Holding
| Pre Issue Share Holding | 97.09% |
| Post Issue Share Holding | 71.28% |
Sahaj Solar IPO Prospectus
Company Contact Information
| Sahaj Solar Limited Office No. 301, Ashirvad Paras, Opp. Prahladnagar Garden, Satellite, Ahmedabad – 380051 Phone: +91-079-68171800 Email: cs@sahajsolar.com Website: http://www.sahajsolar.com/ |
Sahaj Solar IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: ssl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Sahaj Solar IPO Lead Manager(s)
| 1. Kunvarji Finstock Pvt Ltd |
Sahaj Solar IPO FAQs
| What is Sahaj Solar IPO? Sahaj Solar IPO is a SME IPO. The issue is priced at ₹171 to ₹180 per equity share. The IPO is to be listed on NSE SME. |
| When Sahaj Solar IPO will open? The IPO is to open on 11 July 2024 for QIB, NII, and Retail Investors. |
| What is Sahaj Solar IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Sahaj Solar IPO? You can apply Sahaj Solar IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Sahaj Solar IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sahaj Solar”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Sahaj Solar IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sahaj Solar“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Sahaj Solar IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sahaj Solar”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Sahaj Solar IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Sahaj Solar”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Sahaj Solar IPO Size? Sahaj Solar IPO size is ₹52.56 Crore. |
| What is Sahaj Solar IPO Price Band? Sahaj Solar IPO Price Band is ₹171 to ₹180. |
| What is Sahaj Solar IPO Minimum and Maximum Lot Size for retail? The minimum bid is 800 Shares with ₹1,44,000 amount while the maximum bid is 800 Shares with ₹1,44,000. |
| What is the Sahaj Solar IPO Allotment Date? Sahaj Solar IPO allotment date is 16 July 2024. |
| What is the Sahaj Solar IPO Listing Date? Sahaj Solar IPO listing date is 19 July 2024. The IPO is to be listed on NSE SME. |
