Ahasolar Technologies Limited

Company Profile
Company Name Ahasolar Technologies Limited
Open Date 10-07-2023
Close Date 13-07-2023
Exchange BSE SME
Lot Size 800 Shares
Issue Price ₹ 157 per share
Issue Size 8,18,400
Application Amount 1,25,600
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
AhaSolar Technologies Limited was incorporated on July 28, 2017. The Company is engaged in the business of CleanTech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy. The company does this through multiple digital solutions and advisory in the field of renewable energy. The company is a DPIIT recognised startup and registered vide registration no. DIPP34701. The core idea of Ahasolar to work in the space of Climate Change, Renewable and Digital space. The company’s primary focus in renewable energy has been in solar industry and to cater it the company developed an AI based intelligent Solar Digital Platform. The company has developed Software as a Service (SaaS) products for solar companies to streamline the processes, design PV, do project management and monitor generation alongwith an integrated Marketplace to connect the demand & supply digitally.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 85.47 237.37 525.56
Net Assets 10.08 78.71 405.08
Total Borrowings 24.24 58.18 -
Total Revenue 187.73 1,714.64 2,105.16
Profit After Tax 7.91 68.63 176.38

Tentative Timeline

Opening Date 10-07-2023
Closing Date 13-07-2023
Basis of Allotment 18-07-2023
Initiation of Refunds 19-07-2023
Credit of Shares to Demat 20-07-2023
Listing Date 21-07-2023

Objects of the Issue

Development of Solar PV Plant.
Setting up of Electric Vehicle Charging Infrastructure.
Purchase of Electric Vehicle.
To meet Working Capital Requirements.
General Corporate Purpose.
To meet Public Issue Expenses.

Contact Information

Registered Office Ahasolar Technologies Limited Office No. 207, Kalasagar Shopping Hub, Opp. Saibaba Temple, Sattadhar Cross Road, Ghatlodiya, Ahmedabad– 380061
Phone 079-40394029
Email compliance@ahasolar.in
Website http://www.ahasolar.in/

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000
Email ahasolar.ipo@kfintech.com
Website https://ris.kfintech.com/ipostatus/

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 42,400 (5.18%)
Other Shares Offered 3,88,000 (47.41%)
Retail Shares Offered 3,88,000 (47.41%)
Total Shares Offered 8,18,400 (100%)

Shareholding Pattern

Pre Issue Share Holding 50.31%
Post Issue Share Holding 36.95%

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