Sahaj Solar IPO Details | GMP, Date, Price, Review

Sahaj Solar IPO

Sahaj Solar IPO Details ( Sahaj Solar Limited IPO Review )

(11 July 2024 – 15 July 2024)

Founded in 2010, Sahaj Solar Limited specializes in renewable energy solutions with three key business units:

  1. PV Module Manufacturing
    • Location: Bavla, Ahmedabad, Gujarat.
    • Facility Size: 2,883.77 square metres with 2,445.5 square metres of factory and office space.
    • Capacity: 100 MW.
    • Products: Automated production of mono and polycrystalline PV modules, including advanced mono PERC (Passivated Emitter and Rear Contact) modules, for both domestic and international solar projects.
  2. Solar Water Pumping Systems
    • Efficient and sustainable solar water pumping solutions.
  3. EPC Services Across India
    • Services: Comprehensive design, supply, installation, testing, commissioning, and maintenance.
    • Projects: From small domestic solar systems to large solar power plants.

As of September 30, 2023, Sahaj Solar Limited boasts a dedicated team of over 64 professionals in administration, accounting, finance, HR, project management, procurement, sales, marketing, production, and top management.

Sahaj Solar Limited IPO Competitive Strength

  • Experience in both solar panel manufacturing and solar pumping services
  • Empanelled partner of various Government schemes and tenders
  • Located in one of the highest consumption zones
  • Well established position in medium sized solar panel manufacturers with state of the art manufacturing facility
  • Follows the strictest production guidelines and the best International Industry
  • Standards and Practices with all major national & international certifications.
  • Experienced key management personnel, project management and operations team with an excellent track record

Sahaj Solar IPO Financials Performance ( Results )

Sahaj Solar Limited Financial Information (Restated Consolidated)

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATNet WorthReservesBorrowing

Objective of Sahaj Solar IPO Issue

  • Working Capital Requirements of the Company; and
  • General Corporate Purposes.

Sahaj Solar IPO Basic Details

IPO DateJuly 11, 2024 to July 15, 2024
Listing DateFriday, July 19, 2024
Face Value₹10 per share
Price₹171 to ₹180 per share
Lot Size800 shares
Issue Size2,920,000 shares
(aggregating up to ₹52.56 Cr)
Fresh Issue2,920,000 shares
(aggregating up to ₹52.56 Cr)
Issue TypeBook Built Issue IPO
Employee DiscountRs 15 per share
Listing AtNSE SME
Share holding pre issue8,066,010
Share holding post issue10,986,010

Sahaj Solar IPO Reservation

QIB Shares Offered50.00% of the Net Issue
NII (HNI) Shares Offered15.00% of the Net Issue
Retail Shares Offered35.00% of the Net Issue
Total Shares Offered100.00% of the Net Issue

Sahaj Solar IPO Timetable

Sahaj Solar IPO will open on July 11, 2024 and close on July 15, 2024. You can join Sahaj Solar IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening Date11 July 2024 (Thursday)
Closing Date15 July 2024 (Monday)
Basis of Allotment16 July 2024 (Tuesday)
Initiation of Refunds18 July 2024 (Thursday)
Credit of Shares to Demat18 July 2024 (Thursday)
Listing Date19 July 2024 (Friday)
Deadline for UPI mandate confirmation5 PM on 15 July 2024

Sahaj Solar IPO Lot Size

For retail investors in Sahaj Solar IPO, 800 shares will come in 1 lot or the minimum investment will be ₹144,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹144,000.

Retail (Min)1800₹144,000
Retail (Max)1800₹144,000
S-HNI (Min)21600₹288,000

Sahaj Solar IPO Promoter Holding

The company’s promoters include Pramit Bharatkumar Brahmbhatt, Varna Pramit Brahmbhatt, and Manan Bharatkumar Brahmbhatt.

Pre Issue Share Holding97.09%
Post Issue Share Holding71.28%

Sahaj Solar Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

Market Cap (₹ Cr.)197.75
Earning Per Share (EPS)₹16.70 per Equity Share
Net Asset Value (NAV)₹40.83 per Equity Share
P/E Ratio (P/E) (x)10.86
Post P/E Ratio (P/E) (x)14.79
Return on Net Worth (RoNW) (%)39.96
Return on equity (ROE) (%)39.96
Return on Capital Employed (ROCE) (%)26.47
Price/Book Value Ratio4.41

Sahaj Solar IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
7 July 2024₹130
6 July 2024₹120

Sahaj Solar IPO Detail Video:

Sahaj Solar IPO Subscription Status (Bidding Detail)

The Sahaj Solar IPO on July 15, 2024 at 6:20:00 PM was subscribed 507.21 times, with the retail category being subscribed 535.03 times, the NII (Non-Institutional Investor) category being subscribed 862.35 times, QIB (Qualified-Institutional Buyers) category being subscribed 214.27 times.


Sahaj Solar IPO Prospectus

Sahaj Solar IPO DRHPDownload
Sahaj Solar IPO RHPDownload
Sahaj Solar IPO Anchor Investors Details PDFDownload

Sahaj Solar IPO Rating

Our Rating4.5/5.0

Sahaj Solar Company Contact Information

Sahaj Solar Limited

Sahaj Solar Limited

Registered Office: Office No. 301, Ashirvad Paras Opp Prahladnagar Garden, Satellite, Ahmedabad, Gujarat, India, 380051
Telephone: +91-079-68171800
Contact Person: Ms. Poonam Panchal, Company Secretary & Compliance Officer
Promoters of Our Company: Mr. Pramit Bharatkumar Brahmbhatt, Mrs. Varna Pramit Brahmbhatt & Mr. Manan Bharatkumar Brahmbhatt

Sahaj Solar IPO Registrar

KFin Technologies Limited

Registered Office: Selenium Tower-B, Plot 31 & 32, Gachibowli,Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032, Telangana
Tel No.: +91 40 6716 2222
Email Id:
Investor Grievance Email Id:
Contact Person: M Murali Krishna
SEBI Registration No.: INR000000221

Sahaj Solar IPO Lead Manager

Kunvarji Finstock Private Limited

Registered Office: Block B, First Floor, Siddhi Vinayak Towers, Off S. G. Highway Road, Mouje Makarba, Ahmedabad, Gujarat – 380051
SEBI Registration Number: INM000012564
CIN: U65910GJ1986PTC008979
Contact Person: Mr. Satish Bhanushali / Mr. Parth Pankhaniya
Telephone: 022 – 69850000 / 079- 66669000
Email ID:
Investor Grievance ID:

Sahaj Solar IPO FAQs

What is the lot size of Sahaj Solar IPO?

The total size of Sahaj Solar IPO is ₹52.56 crores and this is a complete fresh Issue.

When will Sahaj Solar IPO start?

Sahaj Solar IPO will open from 11 July 2024 and IPO will close on 15 July 2024.

What is the open date of Sahaj Solar IPO?

Sahaj Solar IPO will open date from 11 July 2024.

What is the last date ( close date ) of Sahaj Solar IPO?

Sahaj Solar IPO will close from 15 July 2024.

What is the price band of Sahaj Solar IPO?

Sahaj Solar IPO price band is ₹171 to ₹180. ( Upper Price Band: ₹180, Lower Price Band: ₹171 )

What is the minimum amount required to apply for Sahaj Solar IPO?

The minimum investment for retailers to apply for Sahaj Solar IPO is ₹144,000 and the maximum investment is ₹144,000.

What is going on gray market premium of Sahaj Solar IPO?

View gray market premium of Sahaj Solar IPO by Clicking Here

How much is the GMP of Sahaj Solar IPO?

Watch Sahaj Solar IPO GMP Today: Click Here

What is the allotment date of Sahaj Solar IPO?

The allotment date of Sahaj Solar IPO is 16 July 2024.

How to check allotment status in Sahaj Solar IPO?

To check the allotment status of Sahaj Solar IPO, first of all go to the registrar website by clicking here, select your bad Sahaj Solar 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 Sahaj Solar IPO?

The listing date of Sahaj Solar IPO is 19 July 2024.

How much will be the listing gain in Sahaj Solar IPO?

View listing gain of Sahaj Solar IPO by Clicking Here

How much time Sahaj Solar IPO is subscribed?

Total 507.21 times subscribed in Sahaj Solar IPO out of which 535.03 times subscription was done in retail quota, 862.35 times subscription in NII quota and 214.27 times subscription in QIB quota.

How to apply for Sahaj Solar IPO from Upstox?

Click Here to see how to apply for Sahaj Solar IPO from Upstox. (step by step)

How to apply for Sahaj Solar IPO from Zerodha?

Click Here to see how to apply for Sahaj Solar IPO from Zerodha. (step by step)

How to apply for Sahaj Solar IPO from Angle One?

Click Here to see how to apply for Sahaj Solar IPO from Angle One. (step by step)

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