Sahaj Solar IPO Details

IPO Date July 11, 2024 to July 15, 2024
Listing Date [.]
Face Value ₹10 per share
Price Band ₹171 to ₹180 per share
Lot Size 800 Shares
Total Issue Size 2,920,000 shares
(aggregating up to ₹52.56 Cr)
Fresh Issue 2,920,000 shares
(aggregating up to ₹52.56 Cr)
Employee Discount Rs 15 per share
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue 8,066,010
Share holding post issue 10,986,010

Sahaj Solar IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 800 ₹144,000
Retail (Max) 1 800 ₹144,000
HNI (Min) 2 1,600 ₹288,000

Sahaj Solar IPO Reservation

Investor Category Shares Offered
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

About Company and its presence

 Sahaj Solar is founded with a humble objective of contributing company’s efforts for the betterment of mankind. Sahaj has initiated R&D on solar technologies in 2007 and since 2010 Company is International Electrotechnical Commission (IEC) approved, Ministry of New and Renewable Energy (MNRE) recognized Solar Panel Manufacturer in India. From day one company has focused on quality and innovations. Companies one of the expertise is Crystalline Photovoltaic Technology used for manufacturing Solar PV Modules. Sahaj also engaged in system Designing and Engineering, Procurement and Construction (EPC) services.
Sahaj is based in western part of India having offices across Pan India and Africa. Sahaj supplies qualitative products and provide EPC Services all over India and in Africa. Sahaj’s team undertakes project implementation with two most important aspects – prolonged life of the equipment and optimum return on investment. The remote monitoring system helps the clients to monitor performance and take pre-emptive measures. Sahaj Solar Ltd. have all National & International Certificates which includes MNRE, MNRE Channel Partner, ISO 9001:2015, ISO 14001:2015, ISO 45000:2018, OHSAS 18001:2007, CE, TUV Saar, IEC 61215, IEC 61730 – 1, IEC 61730-2 and IEC 61701 : 1995, IS 14286:2010/IEC 61215:2005, IS/IEC 61730(Part 1) : 2004 & IS/IEC 61730 (Part 2) : 2004
Red Herring Prospectus
download Red Herring Prospectus attachment download
Ratios / Basis of Issue Price
download Ratios / Basis of Issue Price attachment download
Sample Application Forms
download Sample Application Forms attachment download
Security Parameters
download Security Parameters attachment download
Processing of ASBA Applications
NSE Circular on ASBA Application Processing
Remark "The dedicated window provided for bid modification (modification of selected fields viz. DP ID/Client ID or Pan ID, Bank code and Location code) on T+1 day (T being last day of bidding) shall not be available now. The bid modification of selected fields shall be allowed during bidding period of IPO only."
List of mobile applications accepting UPI as Payment Option
Mobile APP for UPI
Video link for UPI based ASBA process
UPI Based ASBA Process
Video link for BHIM UPI Registration
BHIM UPI Registration

Objects of the Issue (Sahaj Solar IPO Objectives)

The Company proposes to utilize the funds which are being raised through this Offer towards the following objects:

  1. Working Capital Requirements of the Company; and
  2. General Corporate Purposes.

Sahaj Solar IPO Prospectus