Sahaj Solar IPO GMP Opens Today 2025 Check Price Band, GMP, Full Details Sahaj Solar IPO subscriptions commenced on July 11 and are scheduled to end on July 15. The shares are priced between ₹171 to ₹180 each, with allocation percentages of 35% for retail investors, 50% for QIB, and 15% for NII (HNI).
Sahaj Solar IPO GMP Opens Today 2025
Subscriptions for the Sahaj Solar IPO commenced on Thursday, July 11, and will continue until Monday, July 15. The IPO price range for Sahaj Solar is set at ₹171 to ₹180 per share, with a face value of ₹10. Bidders can bid for a minimum of 800 shares or in multiples of this figure. The allocation of the net offer is divided into 35% for retail investors, 50% for QIB, and 15% for NII (HNI). The promoters of the business are Pramit Bharatkumar Brahmbhatt, Manan Bharatkumar Brahmbhatt, and Varna Pramit Brahmbhatt. With a decade of experience in renewable energy generation, Sahaj Solar is a supplier of solar solutions. The company excels in both production and services within the solar power sector, manufacturing PV modules, marketing solar pumping systems, and offering EPC services.
Here is a breakdown of the primary local clients: Maharashtra State Electricity Distribution Co Ltd, GEDA, HAREDA, PGVCL, DGVCL, and MGVCL represent the government clients. Private clientele includes Iron Mountain, Tenneco, Valeo, Rotomag, Premier Solar, Shekhani Industries, Mahindra Susten Private Ltd, and Mahindra Solarize Private Limited. As per the red herring prospectus (RHP), the company’s comparable companies are Solex Energy Ltd (P/E of 74.18), Zodiac Energy Ltd (P/E of 51.62), and Shakti Pumps (India) Ltd (P/E of 17.34).
Sahaj Solar IPO Subscription Status
- Sahaj Solar IPO subscription status is 42.23 times, on day 1.
- The retail portion was subscribed 68.27 times, and NII portion was booked 40.11 times. Qualified Institutional Buyers has been booked 10%.
- The company has received bids for 8,23,28,800 shares against 19,49,600 shares on offer, according to data on chittorgarh.com.
Sahaj Solar IPO Subscription Status – Day 1
|
Category
|
Day 1
|
Day 2
|
Day 3
|
|
QIB
|
0.10
|
0.00
|
0.00
|
|
NII
|
39.72
|
0.00
|
0.00
|
|
RII
|
66.89
|
0.00
|
0.00
|
|
Total
|
41.46
|
0.00
|
0.00
|
Sahaj Solar IPO Details
The Sahaj Solar IPO, valued at ₹52.56 crore, is solely an offer-for-sale of a maximum of 2,920,000 equity shares. The company plans to utilize the proceeds from this offering for general corporate purposes and operational funding needs. Kunvarji Finstock Pvt Ltd serves as the book running lead manager for the Sahaj Solar IPO, with Kfin Technologies Limited acting as the issue registrar. Aftertrade Broking is designated as the market maker for the Sahaj Solar IPO.
Sahaj Solar IPO GMP Today
Today, the Sahaj Solar IPO GMP stands at +164, implying a ₹164 premium in the grey market for Sahaj Solar shares, as reported by investorgain.com. Based on the top end of the IPO price range and the existing grey market premium, the anticipated listing price for Sahaj Solar IPO was projected at ₹344 per share, reflecting a 91.11% increase from the IPO price of ₹180.
Sahaj Solar IPO
Sahaj Solar IPO, a renewable energy solutions provider, commences its subscription today, July 11, 2025. The company aims to raise Rs 52.56 crore by issuing 2.92 million fresh shares in a book-built issue. Subscription for the IPO will close on July 15, 2025, with a price band set at Rs 171 to Rs 180 per share. Furthermore, the IPO has secured Rs 14.83 crore from anchor investors. Established in 2010, Sahaj Solar Limited specializes in renewable energy solutions across three main sectors. The company’s PV module manufacturing facility, located in Bavla, Ahmedabad, Gujarat, covers 2,883.77 square meters, with a building area of 2,445.5 square meters. With a capacity of 100 MW, the facility focuses on producing mono and polycrystalline PV modules, including mono PERC modules, for solar projects globally. Additionally, Sahaj Solar provides solar water pumping systems and complete Engineering, Procurement, and Construction (EPC) services nationwide. Their EPC services cover all aspects of solar projects, from design and supply to installation, testing, commissioning, and ongoing maintenance, catering to projects of various sizes, from residential setups to large-scale solar power plants.
Sahaj Solar IPO Lot size
Retail investors must purchase a minimum of 800 shares, amounting to an investment of Rs 144,000. High Net-Worth Individuals (HNIs) must apply for a minimum of 1,600 shares (2 lots), totaling Rs 288,000.
Sahaj Solar IPO funds usage
The funds collected from this offer will be used to meet the company’s working capital needs and for general corporate purposes.
Sahaj Solar IPO allotment, listing details
The Sahaj Solar IPO allocation is expected to be completed by Tuesday, July 16, 2025. The IPO is planned to be listed on the NSE SME, with a possible listing date of Friday, July 19, 2025.
Sahaj Solar IPO GMP
The company’s Grey Market Premium (GMP) stands at Rs 164, but with Sebi’s new regulation capping listing gains of SME IPOs at 90 percent, the listing premium may amount to Rs 162.
Sahaj Solar IPO Lead managers
Kunvarji Finstock Pvt Ltd is the book running lead manager, Kfin Technologies Limited is the registrar, and Aftertrade Broking acts as the market maker for the Sahaj Solar IPO.
Sahaj Solar IPO Financials
Sahaj Solar Limited saw a revenue growth of 8.56% to Rs 20,171.55 crore and a significant increase in profit after tax (PAT) by 106.25% to Rs 1,337.29 crore from March 31, 2023, to March 31, 2025.
