Sahaj Solar IPO Performs Exceptionally Well On Its First Day Of Bidding

Sahaj Solar IPO is on its first day of release. The IPO is open from 11 July 2024 to 15 July 2024. It will have a face value of Rs. 10 per share at a price band between Rs. 171 to Rs. 180 per share. Sahaj Solar IPO has been subscribed over 12 times till now. The IPO is open to different categories of investors. Thus, it has subscriptions coming from different categories. Following are more details about the IPO.

Sahaj Solar IPO Subscribed Over 12 Times On The First Bidding Day

Sahaj Solar IPO has been subscribed over 12 times on the first bidding day. On the first day itself, the company’s shares are subscribed 12.84 times. Sahaj Solar IPO is open for Qualified Institutions, Non-Institutional Buyers, Retail Investors, and Anchor Investors. Thus, the company has bid for 2,50,38,400 shares against 19,49.600 shares. On day 1, the following is the subscription:

1. Retail Investors: 22.04
2. NII: 9.25

Sahaj Solar IPO has a lot size of 800 shares with a total issue size of 2,920,000 shares. Apart from that, the employees will get a special discount of Rs. 15 per share. The company also has some space for anchors where it offers 824,000 shares. Sahaj Solar may allot the shares by 16 July 2024 with the refunds initiation on 18 July. The company expects the listing on 19 July 2024.

Sahaj Solar IPO GMP Price

07 July 2024: Rs. 100

08 July 2024: Rs. 145

09 July 2024: Rs. 145

10 July 2024: Rs. 164

11 July 2024: Rs. 164

Sahaj Solar Finances

Sahaj Solar has a revenue of Rs. 20,171.55 Lakhs by 31 March 2024. Apart from that, the company has a net worth of Rs. 3,293.12 Lakhs as of 31 March 2024 along with Profit After Tax (PAT) of Rs. 1,337.29 Lakhs. The company has the most subscribers from the retail category. Retailers show more interest in the IPO. The exact reason is yet unknown.

Sahaj Solar deals in providing renewable energy solutions. The company has been working successfully since 2010. The company has Pramit Bharatkumar Brahmbhatt, Manan Bharatkumar Brahmbhatt, and Varna Pramit Brahmbhatt as the promoters. In 14 years of its existence, Sahaj Solar showed a lot of growth. The numbers are increasing. While the solar industry is booming with the worldly shift to sustainable development.

Sahaj Solar contributes to a renewable source of energy that will help build long-term environment-friendly solutions. Sahaj Solar is among the rising stars of the solar industry. The company expects to grow further in the coming time. Many of the retail investors are showing interest in the company’s IPO. It shows that common people are also preferring renewable energy sources over non-renewable ones. Stay tuned for more information.