Ahasolar IPO Details ( Ahasolar Technologies IPO Review )
(10 Jul 2023 – 13 Jul 2023)
Ahasolar Technologies Limited, established in 2017, is a CleanTech company dedicated to facilitating the Energy Transition through Digital Transformation, thereby empowering stakeholders to embrace renewable energy sources.
Driven by their unwavering commitment to solar energy and their aspiration to create a positive global impact, Ahasolar simplifies the management, sales, design, and procurement processes associated with solar photovoltaic (PV) systems. Their mission is to assist solar companies and governmental organizations in effecting positive change.
Ahasolar’s business operations encompass three primary segments:
- Solar Software Service: This division focuses on providing software solutions tailored to the solar energy sector.
- Solar Marketplace: Ahasolar operates a dedicated marketplace where stakeholders can connect, collaborate, and engage in the solar energy ecosystem.
- Solar Advisory and Consultancy Service: Ahasolar offers expert advice and consultancy services to facilitate sustainable development and aid in the transition to renewable energy sources.
Collaborating with various national and international entities, as well as government and private organizations, Ahasolar endeavors to expedite the adoption of solar energy through its innovative solutions. Furthermore, Ahasolar Technologies Limited is actively involved in offering advisory services to promote sustainable development and the transition towards renewable energy.
Ahasolar Technologies provides its products under the following brand names:
- AHA! Rooftop Solar Helper
- AHA! Rooftop Solar Helper (Pro)
Ahasolar Technologies Company Product
- Solar Advisory and Consultancy Service
- Solar Software Service
- AHASolar App (AHA Solar Helper)
- Sun Analyser
- Process Management Software / Portals for Government
- AHASolar Marketplace
Ahasolar Technologies IPO Competitive Strength
- Experienced Promoters and Management Team
- Well-defined organizational structure
- Existing Supplier Relationship
- Customer Relationship
- Asset Light Business Model
Ahasolar Technologies IPO Financials Performance ( Results )
Ahasolar Technologies Limited Financial Information ( Restated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-20 | 138.63 | 128.70 | 2.07 | 0.13 | 2.16 | 1.16 | 23.04 |
| 31-Mar-21 | 85.47 | 187.73 | 7.91 | 0.49 | 10.08 | 9.08 | 24.24 |
| 31-Mar-22 | 237.37 | 1,714.64 | 68.63 | 4.28 | 78.71 | 77.71 | 58.18 |
| 31-Mar-23 | 525.56 | 2,105.16 | 176.38 | 7.94 | 405.07 | 178.69 | 00.00 |
Objective of IPO Issue
The funds raised from the new issue will be allocated for the following purposes:
- Development of a solar photovoltaic (PV) plant.
- Establishment of electric vehicle (EV) charging infrastructure.
- Acquisition of electric vehicles.
- Fulfilling working capital needs.
- General corporate purposes.
- Covering expenses related to the public issue.
Ahasolar Technologies IPO Basic Details
| IPO Date | Jul 10, 2023 to Jul 13, 2023 |
| Listing Date | Tuesday, July 00, 2023 |
| Face Value | ₹10 per share |
| Price | ₹157 per share |
| Lot Size | 800 Shares |
| Issue Size | 818,400 shares of ₹10 (aggregating up to ₹12.85 Cr) |
| Fresh Issue | 818,400 shares of ₹10 (aggregating up to ₹12.85 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,263,888 |
| Share holding post issue | 3,082,288 |
| Company Promoters | Mr. Piyushkumar Vasantlal Bhatt, Mr. Pulkit Dhingra, Mr. Shatrughan Harinarayan Yadav And Mr. Vipin Sharma |
Ahasolar Technologies IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Ahasolar Technologies IPO Timetable
Ahasolar Technologies IPO will open on July 10, 2023 and close on July 13, 2023. You can join Ahasolar Technologies IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 10 July 2023 (Monday) |
| Closing Date | 13 July 2023 (Thursday) |
| Basis of Allotment | 18 July 2023 (Tuesday) |
| Initiation of Refunds | 19 July 2023 (Wednesday) |
| Credit of Shares to Demat | 20 July 2023 (Thursday) |
| Listing Date | 21 July 2023 (Friday) |
| Deadline for UPI mandate confirmation | 5 PM on 00 July 2023 |
Ahasolar Technologies IPO Lot Size
For retail investors in Ahasolar Technologies IPO, 800 shares will come in 1 lot or the minimum investment will be ₹125,600. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹125,600.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 800 | ₹125,600 |
| Retail (Max) | 1 | 800 | ₹125,600 |
| HNI (Min) | 2 | 1,600 | ₹251,200 |
Ahasolar Technologies IPO Promoter Holding
The company’s promoters include xx.
| Pre Issue Share Holding | 50.31% |
| Post Issue Share Holding | 36.95% |
Ahasolar Technologies Limited IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 48.39 |
| Earning Per Share (EPS) | ₹7.94 per Equity Share |
| Net Asset Value (NAV) | ₹17.89 per Equity Share |
| P/E Ratio (P/E) (x) | 27.45 |
| Return on Net Worth (RoNW) (%) | 43.54 |
| Return on equity (ROE) (%) | 72.92 |
| Return on Capital Employed (ROCE) (%) | 63.53 |
| Debt/Equity Ratio | 0 |
| Upper Price/Book Value (Price/BV) Ratio | 8.78 |
Ahasolar Technologies IPO Peer Comparison
Our company does not have comparable listed peer, therefore information related to peer group has not been provided.
Ahasolar Technologies IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 19 July 2023 | ₹13 | – | – |
| 18 July 2023 | ₹15 | – | – |
| 17 July 2023 | ₹15 | – | – |
| 16 July 2023 | ₹15 | – | – |
| 15 July 2023 | ₹16 | – | – |
| 14 July 2023 | ₹16 | – | – |
| 13 July 2023 | ₹25 | – | – |
| 12 July 2023 | ₹24 | – | – |
| 11 July 2023 | ₹30 | – | – |
| 10 July 2023 | ₹40 | – | – |
| 9 July 2023 | ₹40 | – | – |
Ahasolar Technologies IPO Detail Video:
Ahasolar Technologies IPO Subscription Status (Bidding Detail)
The Ahasolar Technologies IPO on July 13, 2023 at 7:30:00 PM was subscribed 34.79 times, with the retail category being subscribed 46.18 times, the NII (Non-Institutional Investor) category being subscribed 23.37 times.
| Category | Subscription |
| NII | 23.37x |
| Retail | 46.18x |
| Total | 34.79x |
Ahasolar Technologies IPO Prospectus
| Ahasolar Technologies IPO DRHP | Download |
| Ahasolar Technologies IPO RHP | Download |
| Ahasolar Technologies IPO Anchor Investors Details PDF | Download |
Ahasolar Technologies IPO Rating
| Our Rating | 2.5/5.0 |
Ahasolar Technologies Company Contact Information
Ahasolar Technologies Limited
Registered Office: Office No. 207, Kalasagar Shopping Hub,
Opp. Saibaba Temple, Sattadhar Cross Road,
Ghatlodiya, Ahmedabad– 380061
Tel: 079-40394029
Website: http://www.ahasolar.in/
E-mail: compliance@ahasolar.in
Promoters: Mr. Piyushkumar Vasantlal Bhatt, Mr. Pulkit Dhingra, Mr. Shatrughan Harinarayan Yadav and Mr. Vipin Sharma
Ahasolar Technologies IPO Registrar
Kfin Technologies Limited
SEBI Registration Number: INR000000221
Address: Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032, Telangana, India.
Tel. Number: +91 40 6716 2222
Email Id: ahasolar.ipo@kfintech.com
Investors Grievance Id: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
CIN: U72400TG2017PLC117649
Ahasolar Technologies IPO Lead Manager
Beeline Capital Advisors Private Limited
SEBI Registration Number: INM000012917
Address: 807, Phoenix, Opp. Girish Cold Drinks, Near Vijay Cross Roads,
Navrangpura, Ahmedabad – 380 009, Gujarat.
Telephone Number: +91 79 4840 5357
Email Id: mb@beelinemb.com
Investors Grievance Id: ig@beelinemb.com
Website: www.beelinemb.com
Contact Person: Mr. Nikhil Shah
CIN: U67190GJ2020PTC114322
Ahasolar Technologies IPO FAQs
What is the lot size of Ahasolar Technologies IPO?
The total size of Ahasolar Technologies IPO is ₹12.85 crores and this is a complete fresh Issue.
When will Ahasolar Technologies IPO start?
Ahasolar Technologies IPO will open from 10 July 2023 and IPO will close on 13 July 2023.
What is the open date of Ahasolar Technologies IPO?
Ahasolar Technologies IPO will open date from 10 July 2023.
What is the last date ( close date ) of Ahasolar Technologies IPO?
Ahasolar Technologies IPO will close on 13 July 2023.
What is the price band of Ahasolar Technologies IPO?
Ahasolar Technologies IPO price band is ₹157.
What is the minimum amount required to apply for Ahasolar Technologies IPO?
The minimum investment for retailers to apply for Ahasolar Technologies IPO is ₹125,600 and the maximum investment is ₹125,600 Ahasolar Technologies.
What is going on gray market premium of Ahasolar Technologies IPO?
View gray market premium of Ahasolar Technologies IPO by Clicking Here
How much is the GMP of Ahasolar Technologies IPO?
Watch Ahasolar Technologies IPO GMP Today: Click Here
What is the allotment date of Ahasolar Technologies IPO?
The allotment date of Ahasolar Technologies IPO is 18 July 2023.
How to check allotment status in Ahasolar Technologies IPO?
To check the allotment status of Ahasolar Technologies IPO, first of all go to the registrar website by clicking here, select your bad Ahasolar Technologies IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Ahasolar Technologies IPO?
The listing date of Ahasolar Technologies IPO is 21 July 2023.
How much will be the listing gain in Ahasolar Technologies IPO?
View listing gain of Ahasolar Technologies IPO by Clicking Here
How much time Ahasolar Technologies IPO is subscribed?
Total 34.79 times subscribed in Ahasolar Technologies IPO out of which 46.18 times subscription was done in retail quota, 23.37 times subscription in NII quota.
How to apply for Ahasolar Technologies IPO from Upstox?
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