Sahaj Solar IPO bidding started from July 11, 2024 and ended on July 15, 2024. The allotment for Sahaj Solar IPO was finalized on Tuesday, July 16, 2024. Sahaj Solar IPO will list on NSE SME with tentative listing date fixed as Friday, July 19, 2024.
IPO Size: 2,920,000 shares (52.56 Cr) Fresh Issue: 2,920,000 shares (52.56 Cr) Subscription Dates: July 11, 2024 to July 15, 2024 Expected Allotment: Tuesday, July 16, 2024 Listing Date (Tentative): July 19, 2024 Price Band: ₹171 to ₹180 per share Retail Investors: ₹.144,000 (800 shares) Small HNI : ₹.288,000(2 lots, 1600 shares) Big HNI : ₹.1,008,000(7 lots, 5600 shares)
| IPO Date | July 11, 2024 to July 15, 2024 |
| Listing Date | July 19, 2024 |
| Face Value | ₹10 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 2,920,000 shares (aggregating up to ₹52.56 Cr) |
| Fresh Issue | 2,920,000 (aggregating up to ₹52.56 Cr) |
| Employee Discount | ₹15 per share per share |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,066,010 |
| Share holding post issue | 10,986,010 |
| Market Maker Portion | 146,400 Shares |
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 824,024 (28.22%) |
| QIB Shares Offered | 550,420 (18.85%) |
| NII (HNI) Shares Offered | 412,888 (14.14%) |
| Retail Shares Offered | 962,432 (32.96%) |
| Others | 146,292 (5.01%) |
| Total Shares Offered | 2,920,000 (100%) |
| Investor Category | Shares Offered *** | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Anchor Investors | 824,024 | |||
| Qualified Institutions | 550,420 | |||
| Non-Institutional Buyers | 412,888 | |||
| Retail Investors | 962,432 | |||
| Others | 146,292 | |||
| Total | 2,483,168 | 0 | 0.00 | 0.00 |
Sahaj Solar SME raises ₹ 14.83 crore from anchor investors. Sahaj Solar SME Anchor bid date is July 10, 2027. Sahaj Solar SME Anchor Investors list
| Bid Date | July 10, 2027 |
| Shares Offered | 824000 |
| Anchor Portion Size (In Cr.) | 14.83 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 15, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 14, 2024 |
Sahaj Solar SME opens on July 11, 2024 and closes on July 15, 2024.
| IPO Open Date | Thursday, July 11, 2024 |
| IPO Close Date | Monday, July 15, 2024 |
| Basis of Allotment* | Tuesday, July 16, 2024 |
| Initiation of Refunds* | Thursday, July 18, 2024 |
| Credit of Shares to Demat* | Thursday, July 18, 2024 |
| Listing Date* | Friday, July 19, 2024 |
| Cut-off time for UPI mandate confirmation | 05:00 pm, July 15, 2024 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹ 144,000 |
| Retail (Max) | 1 | 800 | ₹ 144,000 |
| HNI (Min) | 2 | 1600 | ₹ 288,000 |
The promoters of the company are Pramit Bharatkumar Brahmbhatt, Varna Pramit Brahmbhatt, and Manan Bharatkumar Brahmbhatt
| Share Holding Pre Issue | 97.09% |
| Share Holding Post Issue | 71.28% |
Sahaj Solar Limited was founded in 2010 and is a provider of renewable energy solutions.
The company has three business units:
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.
The Company proposes to utilize the funds which are being raised through this Offer towards the following objects:
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ssl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
| Listing Date | July 19, 2024 |
| Final Issue Price | ₹ 180 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 180 | ₹ 180 |
Sahaj Solar SME is a main-board FPO of 2,920,000 equity shares of the face value of ₹ 10 aggregating up to ₹ 52.56 Crores. The issue is priced at ₹171 to ₹180 per share. The minimum order quantity is 800 Shares.
The Sahaj Solar SME opens on July 11, 2024 and closes on July 15, 2024.
Retail Investors: ₹.144,000 (800 shares) Small HNI : ₹.288,000(2 lots, 1600 shares) Big HNI : ₹.1,008,000(7 lots, 5600 shares)
The finalization of Basis of Allotment for Sahaj Solar SME will be done on Tuesday, July 16, 2024, and the allotted shares will be credited to your demat account by Thursday, July 18, 2024. Check the Sahaj Solar SME allotment status.