Sahaj Solar Limited

Company Profile
Company Name Sahaj Solar Limited
Open Date 11-07-2024
Close Date 15-07-2024
Exchange NSE SME
Lot Size 800 Shares
Issue Price ₹171 to ₹180 per share
Issue Size 29,20,000 shares
Application Amount ₹ 1,44,000
Recommendation Apply
Originally formed and incorporated at Gujrat as ‘Sahaj Solar Private Limited’ on Feb 26, 2010, under companies act, 1956. The company deals with renewable energy solution provider engaged majorly into three businesses being manufacturing of PV modules, providing solar water pumping systems and providing EPC services to PAN India customers. The company has 62 employees as of March 31, 2024.
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Financial Summary in Lakhs

KPI’s FY 22 FY 23 FY 24
Revenue 6,677.00 18,536.15 20,117.41
EBITDA 389.27 1,133.00 2,438.14
Net Profit 102.51 648.39 1,337.29
RoCE 15.43% 48.24% 61.43%
ROE 10.23% 39.48% 40.48%
P/E 138.46 22.19 10.78

Tentative Timeline

Opening Date 11-07-2024
Closing Date 15-07-2024
Basis of Allotment 16-07-2024
Initiation of Refunds 18-07-2024
Credit of Shares to Demat 18-07-2024
Listing Date 19-07-2024

Objects of the Issue

Working Capital Requirements of the company.
General Corporate Expenses.

Contact Information

Registered Office Sahaj Solar Limited Office No. 301, Ashirvad Paras, Opp. Prahladnagar Garden, Satellite, Ahmedabad - 380051
Phone +91-079-68171800

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 97.08%
Share Holding Post Issue (Promoters) 71.28%

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