Market & News

graph-market IPO

Sahaj Solar Ltd

Registered Office: Office # 301 Ashirvad Paras Op,Prahladnagar Garden Satellite, Ahmedabad - 380051, Gujarat, India.
Phone : +91 079 6817 1800   Fax:
Email :  cs@sahajsolar.com  
Website :  https://sahajsolar.com

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.

Issue Money Payable On
Opens On Closes On Application Allotment
11-Jul-24 15-Jul-24 180.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 800   Further Multiples of : 800
  Rs Cr Lead Managers to the Issue
Project Cost 52.56 Kunvarji Finstock Pvt Ltd
Project Financed through Current Offer 52.52  
Post Issue Equity Share Capital 10.99  
Issue Price 180.00  

Projects

  • Working capital requirements of the company
  • General corporate purposes

Promoted By

Pramit Bharatkumar Brahmbhatt

Varna Pramit Brahmbhatt

Manan Bharatkumar Brahmbhatt

Listing At

NSE - SME

Registrar to the Issue

No Data Available

x
x
×
Let's Chat
close
refresh