Ahasolar Technologies Limited IPO (Ahasolar Technologies IPO)

Ahasolar Technologies Limited IPO
Upcoming Ahasolar Technologies IPO | New Ahasolar Technologies IPO

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

Ahasolar Technologies IPO – Details

IPO Opening Date10 July 2023
IPO Closing Date13 July 2023
Issue TypeFixed Price Issue IPO
Issue Size8,18,400 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 Lot800 Shares
Min Order800 Shares (1 Lot)
Listing AtBSE SME
RegisterKfin Technologies Limited
Other Shares Offered50%
Retail Shares Offered50%

Ahasolar Technologies IPO – Date Schedule

IPO Open Date10 July 2023
IPO Close Date13 July 2023
Basis of Allotment18 July 2023
Initiation of Refund19 July 2023
Credit of Shares to Demat Account20 July 2023
IPO Listing Date21 July 2023

Ahasolar Technologies IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)18001,25,600
Retail (Maximum)18001,25,600
HNI (Minimum)216002,51,200

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.
Ahasolar Technologies IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 20201.291.260.02
31 March 20211.881.770.07
31 March 202217.1516.220.68
30 September 202210.019.600.27
Amount in ₹ Crore

Ahasolar Technologies IPO Promoter Holding

Pre Issue Share Holding50.31%
Post Issue Share Holding36.95%

Ahasolar Technologies IPO Prospectus

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

Ahasolar Technologies IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: ahasolar.ipo@kfintech.com

Ahasolar Technologies IPO Lead Manager(s)

1. Beeline Capital Advisors Pvt Ltd

Ahasolar Technologies IPO FAQs

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.
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