Business Standard

Sahaj Solar Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

52.52 cr

Price Range (₹)

180

Lot Size

800

Min Investment (₹)

1,44,000.00

Listing Exchange

NSE - SME

Open Date

11-Jul-2024

Close Date

15-Jul-2024

Listing Date

19-Jul-2024

Sahaj Solar Ltd News

    The Shares of Sahaj Solar Ltd have now been listed.

    Sahaj Solar Ltd IPO Details

    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 ofRs. 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.

    Objective of issue

    Sahaj Solar Ltd Contact Details

    Sahaj Solar Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs@sahajsolar.com

    Website - https://sahajsolar.com