Ahasolar Technologies Limited is engaged in the business of CleanTech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy.
Ahasolar Technologies is a DPIIT recognised startup and registered vide registration no. DIPP34701. The core idea of AHAsolar to work in the space of Climate Change, Renewable and Digital space.
The company’s promoters have combined experience of more than 48 years in Renewable Energy and Information Technology Industry.
Ahasolar Technologies has developed Software as a Service (SaaS) productsfor solar companies to streamline the processes, design PV, do project management and monitor generation alongwith an integrated Marketplace to connect the demand & supply digitally. Apart from this, another SaaS product is for the governments to implement the distributed renewable programme in their serivices area.
Ahasolar Technologies core business can be divided in following categories:
- Solar Software Service
- Solar Marketplace
- Solar Advisory and Consultancy Service
The entity has been working with multiple national, international, government, and private companies towards enabling them to accelerate the adoption of solar through solutions offered by Ahasolar. Ahasolar Technologies Limited is also involved in the business of Advisory for sustainable development and energy transition to renewables.
The products of Ahasolar Technologies are offered under the names:
- AHA! Rooftop Solar Helper
- AHA! Rooftop Solar Helper (Pro)
Ahasolar Technologies IPO – Details
| IPO Opening Date | 10 July 2023 |
| IPO Closing Date | 13 July 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 8,18,400 Shares Worth ₹12.84 Crore Fresh Issue: 8,18,400 Shares Worth ₹12.84 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹157 |
| Market Lot | 800 Shares |
| Min Order | 800 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Kfin Technologies Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Ahasolar Technologies IPO – Date Schedule
| IPO Open Date | 10 July 2023 |
| IPO Close Date | 13 July 2023 |
| Basis of Allotment | 18 July 2023 |
| Initiation of Refund | 19 July 2023 |
| Credit of Shares to Demat Account | 20 July 2023 |
| IPO Listing Date | 21 July 2023 |
Ahasolar Technologies IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 800 | 1,25,600 |
| Retail (Maximum) | 1 | 800 | 1,25,600 |
| HNI (Minimum) | 2 | 1600 | 2,51,200 |
Competitive Strengths
- Experienced Promoters and Management Team.
- Well-defined organizational structure.
- Existing Supplier Relationship.
- Customer Relationship.
- Asset Light Business Model.
Company Promoters
- Mr. Piyushkumar Vasantlal Bhatt
- Mr. Pulkit Dhingra
- Mr. Shatrughan Harinarayan Yadav
- Mr. Vipin Sharma
Object Of The Issue
- Development of Solar PV Plant.
- Setting up of Electric Vehicle Charging Infrastructure.
- Purchase of Electric Vehicle.
- To Meet Working Capital Requirements.
- To meet Public Issue Expenses.
- General Corporate Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 1.29 | 1.26 | 0.02 |
| 31 March 2021 | 1.88 | 1.77 | 0.07 |
| 31 March 2022 | 17.15 | 16.22 | 0.68 |
| 30 September 2022 | 10.01 | 9.60 | 0.27 |
Ahasolar Technologies IPO Promoter Holding
| Pre Issue Share Holding | 50.31% |
| Post Issue Share Holding | 36.95% |
Ahasolar Technologies IPO Prospectus
- Ahasolar Technologies IPO DRHP
- Ahasolar Technologies IPO RHP
Company Contact Information
| Ahasolar Technologies Limited Office No. 207, Kalasagar Shopping Hub, Opp. Saibaba Temple, Sattadhar Cross Road, Ghatlodiya, Ahmedabad– 380061 Phone: 079-40394029 Email: compliance@ahasolar.in Website: http://www.ahasolar.in/ |
Ahasolar Technologies IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: ahasolar.ipo@kfintech.com Website: https://ris.kfintech.com/ipostatus/ |
Ahasolar Technologies IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Ahasolar Technologies IPO FAQs
| What is Ahasolar Technologies IPO? Ahasolar Technologies IPO is a SME IPO. The issue is priced at ₹157 per equity share. The IPO is to be listed on BSE SME. |
| When Ahasolar Technologies IPO will open? The IPO is to open on 10 July 2023 for NII and Retail Investors. |
| How to Ahasolar Technologies IPO? You can apply Ahasolar Technologies 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 Ahasolar Technologies IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Ahasolar Technologies”. 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 Ahasolar Technologies IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Ahasolar Technologies”. 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 Edelweiss. |
| What is Ahasolar Technologies IPO Size? Ahasolar Technologies IPO size is ₹12.84 crores. |
| What is Ahasolar Technologies IPO Price Band? Ahasolar Technologies IPO Price Band is ₹157. |
| What is Ahasolar Technologies IPO Minimum and Maximum Lot Size? The minimum bid is 800 Shares with ₹1,25,600 amount while the maximum bid is 800 shares with ₹1,25,600. |
| What is the Ahasolar Technologies IPO Allotment Date? Ahasolar Technologies IPO allotment date is 18 July 2023. |
| What is the Ahasolar Technologies IPO Listing Date? Ahasolar Technologies IPO listing date is 21 July 2023. The IPO is to list on BSE SME. |
