Sahaj Solar Limited
Bookbuilding IPO · NSE
- Price band
- ₹171 - ₹180
- Lot size
- 800 shares
- Issue amount
- ₹52.56 cr
- Total subscription
- 513.15×
- Opens
- 11 Jul 2024
- Closes
- 15 Jul 2024
- Allotment
- 16 Jul 2024
- Listing
- 19 Jul 2024
Offer at a glance
Issue overview
- Issue size
- 29,20,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,36,800
- Fresh issue
- ₹52.56 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,44,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 80,66,010
- Shares after issue
- 1,09,86,010
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 800 | ₹1,44,000 |
| HNI | 2 | 1,600 | ₹2,88,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 9.91 | 2,122.8 |
| RETAIL | 17.32 | 9,255.15 |
| NIB | 7.43 | 6,408.35 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 16.7 | 8.11 | 1.3 |
| ROE | 39.96 | 38.78 | 10.21 |
| ROCE | 26.47 | 35.11 | 11.42 |
| RONW | 39.96 | 38.78 | 10.21 |
| PRE IPO(PE) | 10.86 | 0 | 0 |
| POST IPO(PE) | 14.79 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Sahaj Solar Limited, founded in 2010, is a leading renewable energy solutions provider with three key business units. The company operates a state-of-the-art PV module manufacturing facility in Bavla, Ahmedabad, Gujarat, spanning 2,883.77 square meters, including 2,445.5 square meters of factory and office space, with a production capacity of 100 MW. This automated facility manufactures mono and polycrystalline PV modules, including advanced mono PERC modules, catering to domestic and international solar projects. Additionally, Sahaj Solar offers solar water pumping systems and end-to-end EPC services, covering design, supply, installation, testing, commissioning, and maintenance for projects of all sizes. As of September 30, 2023, the company employed over 64 professionals across various departments, reinforcing its expertise in the solar energy sector.
Strengths
- Broad Customer Base & Strong Order Book: A well-diversified customer portfolio with a substantial order book provides business stability and sustained demand.
- Cutting-Edge Manufacturing Facilities: State-of-the-art, globally accredited manufacturing units ensure high-quality production and international competitiveness.
- Extensive Retail Footprint: A robust pan-India retail network enables efficient product distribution and strengthens market presence nationwide.
Risk factors
- Leased Registered Office: Operating from a non-owned registered office may pose risks to business stability and continuity.
- Revenue Concentration Risk: Dependence on a few major customers increases financial vulnerability in case of customer loss or reduced business.
- Supplier Reliance: Heavy dependence on key suppliers without long-term agreements may lead to procurement challenges, cost fluctuations, and supply chain disruptions.
Promoters
Pramit Bharatkumar Brahmbhatt
Varna Pramit Brahmbhatt
Manan Bharatkumar Brahmbhatt
Registrar & documents
Lead manager
Kunvarji Finstock Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Office No. 301, Ashirvad Paras, Opp. Prahladnagar Garden, Satellite, Ahmedabad - 380051
+91-079-68171800
[email protected]Company website ↗Understanding SAHAJSOLAR IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.