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IPO Note | Closed

Sahaj Solar Ltd

Minimum Investment

Retail Investor can invest upto Rs 0 in IPO
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Retail Discount

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Open Date

11-Jul-24
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Close Date

15-Jul-24
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Application Timing

IPO Details

  • Min Order Quantity
    800
  • Price Range
    180-0
  • Issue Size
    52.52
  • Face Value
    10
  • Listing at
    NSE - SME
  • IPO Doc
    DRHP PDFpdf - img

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Lead Manager

Kunvarji Finstock Pvt Ltd

About Company

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    Parent Organization
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    Founded
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    Managing Director
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    Website
    https://sahajsolar.com
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    Registered Office
    Office # 301 Ashirvad Paras Op,Prahladnagar Garden Satellite,
    Ahmedabad,380051,Gujarat

IPO Schedule

Offer Start

11-Jul-24

Offer End

15-Jul-24

Allotment Finalization

Refund initiation

Demat transfer

Listing

Key Objective

Initial public offer of upto 29,20,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Sahaj Solar Limited ("The Company" or "The Issuer") at an offer price of Rs. 180 per equity share (including share premium of Rs. 170 per equity share) for cash, aggregating up to Rs. 52.52 crores ("Public Offer") out of which upto 1,46,400 equity shares of face value of Rs. 10 each, at an offer price of Rs. 180 per equity share for cash, aggregating Rs. 2.64 crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion") and upto 24,000 equity shares of face value of Rs. 10 each, at an offer price of Rs. 165 per equity share for cash, aggregating Rs. 0.40 crores will be reserved for subscription by the eligible employees of the company (the "Employee Reservation Portion"). The company, in consultation with the book running lead manager, offer a discount of upto Rs. 15 to eligible employees bidding in the employee reservation portion ("Employee Discount"). The public offer less market maker reservation portion & employee reservation portion i.e. offer of upto 27,49,600 equity shares of face value of Rs. 10 each, at an offer price of Rs. 180 per equity share for cash, aggregating upto Rs. 49.49 crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 26.58% and 25.03% respectively of the post-issue paid-up equity share capital of the company. Offer Price Rs. 180 per equity share of face value of Rs. 10 each. The offer price is 18 times of the face value. A Discount of 15 per equity share is being offered to eligible employees bidding in the employee reservation portion.

Financial Snapshot ()

Financial Year Ended Revenue( Crores) PAT ( Crores) EPS()
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How to apply for IPOs with Arihant Capital

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Step 1

Go to IPO Online page

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Step 2

Login using your “client code” or PAN and mobile number by verifying OTP.

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Step 3

Click on “Apply IPO” to enter your bid quantity and UPI id.

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Step 4

Go to your UPI application and approve the payment request.

Viola! You have successfully applied to the IPO.

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When the IPO shares are allotted, you will either get full or partial allotment from the bid you made.

Sometimes, the IPO is oversubscribed, and you may not get any shares allotted to you. In such cases the full amount will be refunded to you.

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