Sahaj Solar IPO GMP

Logo of Sahaj Solar Limited encircled with a hand-drawn sustainability symbol turbine beside it, representing renewable energy solutions. 'Initial Public Offering' written above the hand-drawn sustainability symbol turbine, indicating the upcoming IPO and grey market premium.

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Sahaj Solar Limited, established in 2010, specializes in renewable energy solutions. The company operates three main divisions. Firstly, it manufactures PV modules. Secondly, Sahaj Solar provides solar water pumping systems. Lastly, the company offers comprehensive EPC services across India handling everything from design and supply to installation, testing, commissioning and maintenance of solar projects, whether for small domestic systems or large scale solar power plants.

Sahaj Solar IPO IPO Overview

Sahaj Solar IPO is launching its IPO plan to raise ₹52.56 crores. The issue is a completely fresh issue. Subscription for Sahaj Solar IPO opens on July 11, 2024 and closes on July 15, 2024. Allotment of shares is expected to be finalized on 16 July 2024 and the shares are set to be listed on NSE SME on July 19, 2024. Price range for the IPO is set between ₹171 and ₹180 per share. Currently, the company’s promoter holds 97.09% stake which will be reduced post issue. Registrar for the Sahaj Solar IPO is Kfin Technologies.

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Sahaj Solar IPO IPO GMP

Let’s look at how Sahaj Solar IPO's GMP has changed recently.

Sahaj Solar IPO SME IPO’s latest GMP is ₹100 as of  7 July 2024. Given the upper price band of ₹180, the estimated listing price is ₹280 (cap price + today’s GMP). This suggests an expected gain of 55.56% per share.

Stay tuned with Trade Target for daily updates on Sahaj SolarIPO GMP and the expected listing price.

  • Date: 15 – July – 2024
  • Sahaj Solar IPO GMP:₹240 (133.33%)

  • Date: 14 – July – 2024
  • Sahaj Solar IPO GMP:₹240 (133.33%)

  • Date: 13 – July – 2024
  • Sahaj Solar IPO GMP: ₹240 (133.33%)

  • Date: 12 – July – 2024
  • Sahaj Solar IPO GMP: ₹222 (123.23%)

  • Date: 11 – July – 2024
  • Sahaj Solar IPO GMP: ₹185 (102.78%)

  • Date: 10 – July – 2024
  • Sahaj Solar IPO GMP: ₹164 (91.11%)
  • Date: 9 – July – 2024
  • Sahaj Solar IPO GMP: ₹145(80.56%)
  • Date: 8 – July – 2024
  • Sahaj Solar IPO GMP: ₹145(80.56%)
  • Date: 7 – July – 2024
  • Sahaj Solar IPO GMP: ₹100 (55.56%)

How can one apply for Sahaj Solar IPO?

Sahaj Solar’s IPO requires investors to bid for a minimum of 800 shares. Here’s a summary of the minimum and maximum shares that retail investors and High HNIs can purchase along with the investment amounts.

Application Lots Shares Amount
Retail (Min)
1
800
₹144,000
Retail (Max)
1
800
₹144,000
S-HNI (Min)
2
1600
₹288,000

Sahaj Solar IPO Financial

Sahaj Solar IPO has shown positive financial growth over the past 3years. Check the summary of Sahaj Solar IPO’s financial performance for the periods ending on March 31 of each year.

Period Ended 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets  in (₹ Lakhs)
9,081.50
6,103.22
3,463.94
Revenue (₹ Lakhs)
18,580.48
6,728.95
6,218.78
PAT (₹ Lakhs)
648.37
102.50
70.58
Total Borrowing (₹ Lakhs)
1,241.72
1,711.35
1,502.87

Sahaj Solar IPO Quota allocation

  • QIB Investor: 50% of the net issue
  • Retail Investor: 35% of the net issue
  • NII (HNI) Investor: 15% of the net issue

Expected Listing Date for Sahaj Solar IPO

  • Subscription Period: 11 July to 15 July
  • Basis of Allotment Finalization: 16 July 2024
  • Initiation of Refunds: 18 July 2024
  • Demat Credits: 18 July 2024
  • Listing Date: 19 July 2024
  • Listing on: NSE SME
Happy investing and thank you for reading!
Disclaimer: This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.
Posted in IPO SME IPO

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