Sahaj Solar IPO GMP review & Subscription Status

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What is the business of Sahaj Solar?

Sahaj Solar is a Solar Solutions providing company having experience of almost one decade in
majority of the verticals of renewable power generation. It is a manufacturing as well as a service
provider company which gives it an edge in the solar power market. It is engaged in three
businesses of PV Module manufacturing, providing solar pumping systems and providing EPC
Services.

First being PV Module manufacturing, for which the company has a PV module manufacturing plant
having a capacity of 100 MWs at our plant in Bavla, Ahmedabad, Gujarat, India on a land admeasuring
approximately 2,883.77 square metres; having a construction of 2445.5 square metres comprising of
factory as well as office premises enabling the company to deliver quality and affordable solar panels
to its customers. The Company’s automated production facility offers mono & poly crystalline PV
Modules for various solar projects across India and abroad. The plant is an integrated manufacturing
facility for PV modules. Apart from polycrystalline module, the facility manufactures Mono PERC
(Passivated Emitter and Rear Contact) module, with not less than 21% and higher efficiency also. To
enhance efficiency and brand positioning, it uses Crystalline Photovoltaic Technology for
manufacturing Solar PV Modules. Its plant has the capacity to manufacture customized size PV
modules. The Company has built a reputation for solar PV modules and is sold under the brand name
of ‘SAHAJ’. It strives to deliver reliable solar solutions through its products and it achieves this
majorly through its streamlined PV module manufacturing line and comprehensive EPC solutions.

Secondly, its company is engaged in providing solar water pumping systems. A solar water pump is
an application of Solar PV System which converts solar energy into electricity to run motor and pump.

Thirdly, the Company being an integrated solar energy solutions provider, also offers engineering,
procurement, and construction (“EPC”) services to its customers. Its EPC services include design,
supply, installation, testing, commissioning and maintaining of all sizes of projects ranging from simple
domestic solar installation to setting up a large scale Solar Power Plant.
Get more information about the company @ http://www.sahajsolar.com/

Who is the Promoter of Sahaj Solar IPO?

Pramit Bharatkumar Brahmbhatt, Varna Pramit Brahmbhatt, and Manan Bharatkumar Brahmbhatt are the company’s promoters.

What are the Objects of Sahaj Solar IPO?

The Offer comprises of only fresh issue of shares.

The objectives of the Offer are to:

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

Sahaj Solar IPO Review

Sahaj Solar is a Solar Solutions providing company having experience of almost one decade in
majority of the verticals of renewable power generation. It is a manufacturing as well as a service
provider company which gives it an edge in the solar power market. It is engaged in three
businesses of PV Module manufacturing, providing solar pumping systems and providing EPC
Services.

First being PV Module manufacturing, for which the company has a PV module manufacturing plant
having a capacity of 100 MWs at our plant in Bavla, Ahmedabad, Gujarat, India on a land admeasuring
approximately 2,883.77 square metres; having a construction of 2445.5 square metres comprising of
factory as well as office premises enabling the company to deliver quality and affordable solar panels
to its customers.

.Size:  Net size of the IPO is Rs. 49.92 crore, which is somewhat large, compared to other SME IPOs. The retail portion is Rs. 17.47 Crore and NII portion is Rs.7.49 Crore. Because of Solar tag, there are chances of huge oversubscription.
Financial Snapshot: The company has dispalyed exceptionaly sharp rise in its profitability. During the year 2021-22, it has net profit of Rs. 71 lac on total revenue of Rs. 67.29 crore and then in the year 2023-24, it earned net profit of 6.48 crore on total revenue of Rs. 201.72 crore. We are not sure whether, the company can maintain profits at such high ratio in the coming years, when the competition in the solar business is increasing sharply.  Due to sharp increase in the profits, during 2023-24, the valuation seems to be reasonable.
+ from fundamental angle: So-so
+ from grey market angle: Apply.

Quicklinks

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Sahaj Solar IPO GMP today allotment, review?

Sahaj Solar IPO

Sahaj Solar IPO FAQs

What is Sahaj Solar IPO?

This is a SME IPO of 2920000 equity shares of the face value of Rs. 10 aggregating up to Rs.52.59 Crores. The issue is priced at Rs.171-180 per share. The minimum order quantity is 800 Shares.

When will Sahaj Solar IPO subscription open?

The IPO opens on July 11, 2024, and closes on July 15, 2024.

What is the lot size of Sahaj Solar IPO?

The IPO lot size is 800 Shares, and the minimum amount required is Rs.144000

How to apply for Sahaj Solar IPO?

You can apply in this IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Sahaj Solar IPO allotment?

The finalization of Basis of Allotment for this IPO will be done on 16 July, 2024, and the allotted shares will be credited to your demat account by July 18, 2024.

When is Sahaj Solar IPO listing date?
This IPO listing date is July 19, 2024.