Sahaj Solar (IPO) opens on July 11, 2024, and closes on July 15, 2024. The allotment for the Sahaj Solar IPO is anticipated to be completed on Tuesday, July 16, 2024. The IPO will be listed on the NSE and SME, with a tentative date of Friday, July 19, 2024.

The Sahaj Solar IPO’s price band is Rs 171 to 180 per share. The IPO is a book-built issue of Rs 52.56 crores, entirely a fresh issue of 29.2 lakh shares.

Sahaj Solar IPO Details

IPO DateJuly 11, 2024 to July 15, 2024
Listing Date[.]
Face Value₹10 per share
Price₹171 to ₹180 per share
Lot Size800 Shares
Total Issue Size2,920,000 shares
(aggregating up to ₹52.56 Cr)
Fresh Issue2,920,000 shares
(aggregating up to ₹52.56 Cr)
Employee DiscountRs 15 per share
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Shareholding pre-issue8,066,010
Shareholding post issue10,986,010
Market Maker portion146,400 shares

Sahaj Solar IPO Lot Size

Retail (Min)1800₹144,000
Retail (Max)1800₹114,000
HNI (Min)21600₹228,000

Sahaj Solar IPO Objectives

The objectives of the Issue are:

  1. Working Capital Requirements of the Company.
  2. General Corporate Purpose.

About Sahaj Solar Limited

Sahaj Solar Limited, founded in 2010, is a provider of renewable energy solutions with three business units. The company’s PV module manufacturing facility is located in Bavla, Ahmedabad, Gujarat. This automated manufacturing facility produces mono and polycrystalline PV modules for various solar projects in India and abroad. Additionally, the facility manufactures mono PERC (Passivated Emitter and Rear Contact) modules.

Sahaj Solar Limited Financial Information

Sahaj Solar Limited’s revenue increased by 176.13% and profit after tax (PAT) rose by 532.56% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax207.48648.37102.5070.58
Net Worth1,836.081,637.301,002.05927.45
Reserves and Surplus1,063.00859.22479.99405.40
Total Borrowing1,655.721,241.721,711.351,502.87

Sahaj Solar IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net offer
Retail Shares OfferedNot less than 35.00% of the Offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer

Sahaj Solar IPO Timeline  

Sahaj Solar IPO opens on July 11, 2024, and closes on July 15, 2024.

IPO Open DateThursday, July 11, 2024
IPO Close DateMonday, July 15, 2024
Basis of AllotmentTuesday, July 16, 2024
Initiation of RefundsThursday, July 18, 2024
A credit of Shares to DematThursday, July 18, 2024
Listing DateFriday, July 19, 2024
Cut-off time for UPI mandate confirmation5 PM on July 15, 2024


Sahaj Solar Limited, a renewable energy solutions provider established in 2010, is launching an IPO with a book built issue worth ₹52.56 crores, entirely as a fresh issue of 29.2 lakh shares. The IPO, managed by Kunvarji Finstock Pvt Ltd and registered by Kfin Technologies Limited, opens on July 11, 2024, and closes on July 15, 2024. The shares will be listed on the NSE SME on July 19, 2024. The price band is set at ₹171 to ₹180 per share, with a minimum investment requirement of ₹144,000 for retail investors. Sahaj Solar’s robust financial growth, demonstrated by a significant increase in revenue and profit over recent years, underscores its market potential and appeal to investors.

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