Table of Contents
The Sahaj Solar IPO presents an exciting opportunity to invest in a leading renewable energy solutions provider established in February 2010. Sahaj Solar Limited operates in three primary business segments: manufacturing of PV modules, provision of solar water pumping systems, and provision of EPC services across India. With its automated manufacturing facility, Sahaj Solar produces high-efficiency mono and polycrystalline PV modules, including monocrystalline PERC modules with efficiencies of 21% and above. This integrated facility and advanced crystalline photovoltaic technology enhance the company’s market positioning. Additionally, Sahaj Solar’s expertise in solar water pumping systems, which convert solar energy into electricity, further solidifies its competitive edge in the solar energy market.
Sahaj Solar IPO Details
IPO Open Date | IPO Closed Date | Allotment Date |
11th July 2024 | 15th July 2024 | 16th July 2024 |
| Refunds Date | Credit of Shares | IPO Listing Date |
| 18th July 2024 | 18th July 2024 | 19th July 2024 |
| IPO Issue Size | IPO Issue Price | Market Lot | Total Shares |
| ₹52.56 Cr | ₹ 171.00 – ₹ 180.00 | 800 Shares | 29,20,000 |
| Application | Lots | Shares | Amount |
| Retail(Min) | 1 | 800 | ₹ 1,44,000 |
| Retail(Max) | 1 | 800 | ₹ 1,44,000 |
| Small-HNI (Min) | 2 | 1600 | ₹ 2,88,000 |
| Small-HNI (Max) | 6 | 4800 | ₹ 8,64,000 |
| Big-HNI (Min) | 7 | 5600 | ₹ 10,08,000 |
| RII (Retail) | NII | QIB |
| 35.00% | 15.00% | 50.00% |
| Pre-Promoter | Post Promoter | Listing IN |
| 97.09% | 71.28% | NSE SME |
| No | Objectives |
| 1 | Working Capital Requirements of the Company |
| 2 | General corporate purposes |
| LEAD | REGISTRAR |
| KUNVARJI FINSTOCK PRIVATE LIMITED | KFIN TECHNOLOGIES LIMITED |
| Telephone | |
| cs@sahajsolar.com | +91-079-68171800 |
Sahaj Solar IPO Allotment Chances Calculator
| Allotment Status | Allotment Chances |
| Click Here | Click Here |
Financial of Sahaj Solar IPO
| Amounts in Lakhs ₹ | |||
| Particulars | FY-2024 | FY-2023 | FY-2022 |
| Assets | 14,936 | 9,082 | 6,103 |
| Revenue | 20,172 | 18,580 | 6,729 |
| Expense | 17,679 | 17,399 | 6,287 |
| Net Worth | 3,293 | 1,637 | 1,002 |
| Borrowing | 5,681 | 1,362 | 1,711 |
| EBITDA(%) | 12.12 | 6.11 | 5.83 |
| Reserves | 2,496.78 | 859.22 | 479.99 |
| PAT | 1,337.29 | 648.37 | 102.50 |
| EPS | 16.70 | 8.11 | 1.30 |
| Debt/Equity | 1.72 | 0.82 | 1.70 |
| Established | Website | Industry |
| 2010 | sahajsolar.com | Construction |
Statement of Assets and Liabilities
Statement of Profit and Loss
Statement of Cash Flows
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1. Sahaj Solar IPO key dates & Issue Details
Sahaj Solar IPO Key Dates and Issue Details
The Sahaj Solar SME IPO is set to open on July 11, 2024, and will close on July 15, 2024. This IPO, with an issue price ranging from ₹171.00 to ₹180.00 per share, is a significant event for potential investors. The IPO is a Book Build Issue with an overall issue size of ₹52.56 Crores, all of which is a fresh issue. The face value of each equity share is ₹10.
Investors should note the retail quota is not less than 35% of the offer. The SME IPO is listed on the NSE SME platform, making it accessible for a broader audience. The promoter holding pre-IPO stands at 97.09%, which will reduce to 71.28% post-IPO, indicating a substantial opportunity for new investors.
Sahaj Solar IPO Important Dates
Staying updated on the Sahaj Solar SME IPO timeline is crucial for investors. The basis of allotment date is tentatively set for July 16, 2024. Following this, refunds will be initiated by July 18, 2024, with the credit of shares to Demat accounts also occurring on the same day. Finally, the Sahaj Solar SME IPO listing date is expected to be July 19, 2024.
Sahaj Solar IPO Lots
For those interested in the Sahaj Solar IPO, the market lot is set at 800 shares. This translates to a minimum investment of ₹144,000 for one lot. High Net-worth Individuals (HNIs) looking to invest will need to purchase at least 1600 shares, which equates to 2 lots or ₹288,000.
Investing in the Sahaj Solar IPO presents a promising opportunity given the company’s robust growth potential and the favorable terms of the IPO. Make sure to keep an eye on the key dates and details to maximize your investment potential in the Sahaj Solar SME IPO.
2. Sahaj Solar IPO Allotment Status
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3. Introduction to Sahaj Solar IPO: Company Background and Business Overview
Company Background
Sahaj Solar Limited is a leading renewable energy solution provider in India, primarily engaged in three major business segments: manufacturing of PV modules, providing solar water pumping systems, and offering EPC services. Originally incorporated as Sahaj Solar Private Limited on February 26, 2010, under the Companies Act, 1956, the company underwent a transformation on April 1, 2023, when it was converted into a Public Limited Company and renamed Sahaj Solar Limited. The company’s registered office is located in Ahmedabad, Gujarat. This transformation marks a significant milestone in the company’s growth trajectory, aligning with its commitment to delivering high-quality solar solutions across India.
Business Overview
Sahaj Solar IPO aims to showcase the company’s extensive experience and capabilities in the renewable energy sector. With nearly a decade of experience, Sahaj Solar has established itself as a prominent player in the solar power market. The company operates a state-of-the-art PV module manufacturing plant in Bavla, Ahmedabad, with a capacity of 100 MWs. This facility produces mono and polycrystalline PV modules, including Mono PERC modules with efficiencies of not less than 21%. The manufacturing plant, spread across 2,883.77 square meters, is equipped with advanced technology to ensure high-quality production standards. Sahaj Solar’s PV modules, marketed under the brand name ‘SAHAJ,’ are designed to meet the needs of various solar projects both in India and internationally.
Solar Water Pumping Systems
Sahaj Solar is also heavily involved in providing solar water pumping systems, a critical application of solar PV technology. These systems convert solar energy into electricity to power motors and pumps, delivering water from various sources such as bore wells, rivers, lakes, and ponds. Key components of these systems, including solar panels and module mounting structures, are manufactured by Sahaj Solar and its subsidiaries. The company’s solar water pumps play a vital role in the Central Government’s PM KUSUM Scheme, aimed at increasing farmers’ incomes by enabling them to operate independently of grid power.
Engineering, Procurement, and Construction (EPC) Services
As an integrated solar energy solutions provider, Sahaj Solar also offers comprehensive EPC services. These services encompass design, supply, installation, testing, commissioning, and maintenance of solar projects, ranging from domestic installations to large-scale solar power plants. The company’s commitment to quality is evident through its adherence to industry standards and certifications such as ISO 9001:2015, ISO 14001:2015, and CE – 2010.
Subsidiaries
Sahaj Solar Limited operates three subsidiaries: Veracity Energy and Infrastructure Private Limited (VEIPL), Veracity Powertronics Private Limited (VPPL), and Sustainable Plant Green Energies Private Limited (SPGEPL). VEIPL focuses on manufacturing solar module mounting structures, while VPPL is involved in assembling and trading solar water pumps, motors, and controllers. SPGEPL explores opportunities in hydro power projects and utilities in power plant projects.
Market Presence and Clientele
Sahaj Solar has established a strong presence across India, catering to both government and private clients. Government customers include various state electricity boards and renewable energy agencies, while private clients range from Mahindra Susten Private Limited to Nuvoco Cements. The company’s products and services have secured a robust order book, positioning Sahaj Solar for continued growth in the renewable energy market.
The Sahaj Solar IPO is a testament to the company’s dedication to advancing solar technology and providing sustainable energy solutions. With a strong foundation, advanced manufacturing capabilities, and a diverse portfolio of services, Sahaj Solar is well-equipped to meet the growing demands of the renewable energy sector. This IPO marks an exciting opportunity for investors to participate in the future of clean energy with Sahaj Solar.
By investing in the Sahaj Solar IPO, stakeholders can support a company that is not only committed to innovation and quality but also to making a positive impact on the environment and society.
4. Financial Details of Sahaj Solar
The financial data of Sahaj Solar Limited highlights the company’s remarkable growth trajectory, demonstrating significant increases in both revenue and profitability. Between the financial years ending March 31, 2024, and March 31, 2023, Sahaj Solar Limited saw its revenue rise by 8.56%, while the profit after tax (PAT) surged by an impressive 106.25%. This substantial growth reflects the company’s strong market presence and efficient operational strategies.
Consolidated Financial Data
Assets and Revenue:
– As of March 31, 2024, Sahaj Solar Limited reported assets totaling ₹14,936.40 lakhs, a significant increase from ₹9,081.50 lakhs in the previous year.
– The company’s revenue grew from ₹18,580.48 lakhs in 2023 to ₹20,171.55 lakhs in 2024, showcasing its expanding market reach and effective business model.
Profit and Net Worth:
– The profit after tax (PAT) for the year ending March 31, 2024, was ₹1,337.29 lakhs, compared to ₹648.37 lakhs in 2023, underscoring the company’s enhanced profitability.
– Sahaj Solar’s net worth also saw a notable increase, rising from ₹1,637.30 lakhs in 2023 to ₹3,293.12 lakhs in 2024.
Reserves and Borrowing:
– The reserves and surplus grew significantly from ₹859.22 lakhs in 2023 to ₹2,496.78 lakhs in 2024, highlighting the company’s strong financial health.
– Total borrowing increased to ₹5,680.86 lakhs in 2024 from ₹1,361.97 lakhs in 2023, reflecting strategic financial maneuvers to support growth and expansion.
Detailed Financial Breakdown
Revenue and Expenses:
– Sahaj Solar Limited’s revenue from operations increased from ₹18,536 lakhs in 2023 to ₹20,117 lakhs in 2024, while other income rose slightly from ₹44 lakhs to ₹54 lakhs in the same period.
– The cost of material consumed decreased to ₹14,961 lakhs in 2024 from ₹16,175 lakhs in 2023, indicating improved cost management.
– Purchases of stock-in-trade were ₹974 lakhs in 2024, a new entry compared to previous years.
Inventories and Employee Expenses:
– Changes in inventories showed a decrease, from ₹350 lakhs in 2023 to -₹674 lakhs in 2024.
– Employee benefit expenses increased from ₹255 lakhs in 2023 to ₹416 lakhs in 2024, reflecting the company’s investment in human resources.
Other Financial Metrics:
– Other expenses surged from ₹623 lakhs in 2023 to ₹2,001 lakhs in 2024.
– EBITDA saw a significant jump, reaching ₹2,492 lakhs in 2024 from ₹1,177 lakhs in 2023, with an OPM (Operating Profit Margin) of 12.36% in 2024, compared to 6.34% in the previous year.
Depreciation, Finance Cost, and Net Profit:
– Depreciation and amortization expenses were ₹116 lakhs in 2024, slightly lower than ₹124 lakhs in 2023.
– Finance costs increased to ₹417 lakhs in 2024 from ₹197 lakhs in 2023.
– The company’s PBT (Profit Before Tax) was ₹1,959 lakhs in 2024, a substantial rise from ₹856 lakhs in 2023, and PAT stood at ₹1,337 lakhs in 2024, up from ₹648 lakhs in the previous year, resulting in a NPM (Net Profit Margin) of 6.63% in 2024, compared to 3.49% in 2023.
Earnings Per Share (EPS):
– The EPS for Sahaj Solar Limited increased dramatically to ₹12.17 in 2024 from ₹5.90 in 2023, indicating the company’s improved profitability and shareholder value.
Conclusion
The financial overview of Sahaj Solar IPO illustrates the company’s robust growth and strong financial performance. With increasing revenue, substantial profit growth, and a strategic approach to cost management, Sahaj Solar Limited is well-positioned for continued success in the renewable energy sector. Investors looking at the Sahaj Solar IPO can be confident in the company’s financial health and growth potential, making it a promising investment opportunity in the clean energy market.
Statement Of Revenue From Operations
Statement of Other Income
Statement of Other Expenses
Statement of Reserves & Surplus
Statement of Equity Share Capital
Statement of Capitalisation
Financial Ratios
5. Sahaj Solar IPO FAQs
Sahaj Solar IPO Details
The Sahaj Solar SME IPO opens on July 11, 2024, and closes on July 15, 2024.
The issue price range for the Sahaj Solar IPO is ₹171.00-180.00 per share.
The size of the Sahaj Solar IPO is ₹52.56 crore.
The Sahaj Solar IPO is a Book Build Issue.
The Sahaj Solar IPO will be listed on the NSE SME platform.
Sahaj Solar IPO Dates
The basis of allotment date is tentatively scheduled for July 16, 2024.
Refunds will be initiated on July 18, 2024.
Shares will be credited to Demat accounts on July 18, 2024.
The tentative listing date for the Sahaj Solar IPO is July 19, 2024.
Sahaj Solar IPO Issue Details
The face value of each share in the Sahaj Solar IPO is ₹10 per equity share.
The retail quota is not less than 35.00% of the offer.
Yes, there is a 15% discount available for employees.
The promoter holding pre-IPO is 97.09%.
The promoter holding post-IPO will be 71.28%.
Sahaj Solar Business Model
Sahaj Solar is engaged in manufacturing PV modules, providing solar water pumping systems, and offering EPC services.
The PV module manufacturing plant is located in Bavla, Ahmedabad, Gujarat, India.
The PV module manufacturing plant has a capacity of 100 MWs.
Sahaj Solar has certifications including MNRE registration, ISO 9001:2015, ISO 14001:2015, ISO 45000:2018, CE – 2010, and several IEC standards.
Sahaj Solar Financial Data
Sahaj Solar’s revenue for the year ending March 31, 2024, was ₹20,171.55 lakhs.
Sahaj Solar’s profit after tax (PAT) increased by 106.25% from ₹648.37 lakhs in 2023 to ₹1,337.29 lakhs in 2024.
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