Issue Price
₹180
Per Share
GMP
NIL
Grey Market
Est. Listing
₹180
Expected Price
Min. Application
₹288,000
2 lots × 800 shares
Sahaj Solar Limited was founded in 2010 and is a provider of renewable energy solutions.The company has three business units:PV module manufacturing: The company's PV module manufacturing facility is located at Bavla, Ahmedabad, Gujarat. It is spread over an area of 2,883.77 square metres and has a building of 2445.5 square metres comprising both factory and office space. The plant has a capacity of 100 MW. The company's automated manufacturing facility offers mono and polycrystalline PV modules for various solar projects in India and abroad. The facility also manufactures a mono PERC (Passivated Emitter and Rear Contact) module.Provision of solar water pumping systemsProviding EPC services to PAN India customers: This includes design, supply, installation, testing, commissioning and maintenance of projects of all sizes, from a simple domestic solar system to a large solar power plant set-up.As of September 30, 2023, the company employed over 64 people in the areas of administration, accounting and finance, human resources, projects, procurement, operations manager, sales and marketing, production and operations, and top management.
Sahaj Solar Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 146,400 | — | ₹2.64 Cr | — |
| TOTAL | 2,920,000 | 100.00% | ₹52.56 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 13 | 10,400 | ₹1,872,000 |
| sNII (Min) | 14 | 11,200 | ₹2,016,000 |
| bNII (Min) | 68 | 54,400 | ₹9,792,000 |
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 20171.55 | 18580.48 | 6728.95 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 1337.29 | 648.37 | 102.50 |
| Net Worth | 3293.12 | 1637.30 | 1002.05 |
| Total Assets | 14936.40 | 9081.50 | 6103.22 |
| Reserves & Surplus | 2496.78 | 859.22 | 479.99 |
| Total Borrowings | 5680.86 | 1361.97 | 1711.35 |