Sahaj Solar IPO Tomorrow 2024 Sahaj Solar IPO, a book-built issue of Rs 52.56 crores, comprises a fresh issue of 29.2 lakh shares. The subscription for Sahaj Solar IPO commences on July 11, 2024, and concludes on July 15, 2024. Allotment results are anticipated to be announced on Tuesday, July 16, 2024. The IPO is scheduled to be listed on NSE SME on Friday, July 19, 2024. The price band for Sahaj Solar IPO ranges from ₹171 to ₹180 per share, with a minimum lot size of 800 shares per application. Retail investors are required to invest a minimum of ₹144,000, while HNI investors need to invest in 2 lots (1,600 shares), totaling ₹288,000.
Sahaj Solar IPO Tomorrow 2024
The IPO of Sahaj Solar Limited, which began public subscription on July 11, has attracted significant interest from investors. By 5:30 pm on the first day of bidding, the 52.56-crore IPO was oversubscribed by 41.71 times, with bids received for 8,13,22,400 shares compared to 19,49,600 shares available. Investors must apply for a minimum of 800 equity shares and in multiples of that amount. Therefore, the minimum investment for retail investors would be Rs 1,44,000 [800 (lot size) x Rs 180 (upper price band)]. The Sahaj Solar IPO allotment is expected to be completed on July 16, with its listing on the NSE SME scheduled for July 19.
Sahaj Solar IPO GMP Today
Market analysts state that Sahaj Solar Ltd’s unlisted shares are trading Rs 164 above its issue price in the grey market. This Rs 164 grey market premium reflects an anticipated 91.11% listing gain from the public offering. The grey market premium is influenced by market sentiments and is subject to fluctuations. The ‘grey market premium’ demonstrates investors’ willingness to pay a price higher than the issue price.
Sahaj Solar IPO More Details
The Sahaj Solar IPO consists solely of a new offering of 29.2 lakh shares. Established in 2010, Sahaj Solar Limited specializes in renewable energy solutions with three business divisions. One of its business units is PV module manufacturing, located in Bavla, Ahmedabad, Gujarat. The manufacturing facility covers 2,883.77 square meters with a building of 2445.5 square meters for factory and office operations. With a capacity of 100 MW, the automated plant produces mono and polycrystalline PV modules for solar projects in India and overseas, including a mono PERC module.
Sahaj Solar IPO Details
| July 11, 2024 to July 15, 2024 |
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| 2,920,000 shares (aggregating up to ₹52.56 Cr) |
| 2,920,000 shares (aggregating up to ₹52.56 Cr) |
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How to Apply in Sahaj Solar IPO through Zerodha?
Zerodha customers have the option to apply for the Sahaj Solar IPO online through UPI. They can do so by logging into the Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sahaj Solar IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Sahaj Solar IPO’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Sahaj Solar IPO Timeline (Tentative Schedule)
Sahaj Solar IPO opens on July 11, 2024, and closes on July 15, 2024.
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Credit of Shares to Demat | |
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Cut-off time for UPI mandate confirmation | |
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.
Sahaj Solar IPO Reservation
Sahaj Solar IPO is providing 2,920,000 shares, with 550,400 (18.85%) allocated to QIB, 412,800 (14.14%) to NII, 962,400 (32.96%) to RII, and 824,000 (28.22%) to Anchor investors.
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Anchor Investor Shares Offered | |
Market Maker Shares Offered | |
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Sahaj Solar IPO Anchor Investors Details
Sahaj Solar IPO has secured Rs 14.83 crore from anchor investors, with the anchor bid date set for July 10, 2024. The list of Sahaj Solar IPO Anchor Investors is available.
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Anchor Portion Size (In Cr.) | |
Anchor lock-in period end date for 50% shares (30 Days) | |
Anchor lock-in period end date for remaining shares (90 Days) | |
Key Performance Indicator
The market capitalization of Sahaj Solar IPO is Rs 197.75 Cr.
Sahaj Solar IPO Promoter Holding
Pramit Bharatkumar Brahmbhatt, Varna Pramit Brahmbhatt, and Manan Bharatkumar Brahmbhatt are the company’s promoters.
Sahaj Solar Limited Contact Details
Sahaj Solar Limited
Office No. 301, Ashirvad Paras,
Opp. Prahladnagar Garden,
Satellite, Ahmedabad – 380051
Phone: +91-079-68171800
Email: [email protected]
Website: http://www.sahajsolar.com/
FAQs
When Sahaj Solar IPO will open?
The Sahaj Solar IPO opens on July 11, 2024 and closes on July 15, 2024.
What is the lot size of Sahaj Solar IPO?
Sahaj Solar IPO lot size is 800 Shares, and the minimum amount required is ₹144,000.
When is Sahaj Solar IPO allotment?
The finalization of Basis of Allotment for Sahaj Solar IPO will be done on Tuesday, July 16, 2024, and the allotted shares will be credited to your demat account by Thursday, July 18, 2024.
When is Sahaj Solar IPO listing date?
The Sahaj Solar IPO listing date is not yet announced. The tentative date of Sahaj Solar IPO listing is Friday, July 19, 2024.
