Sahaj Solar IPO

Sahaj Solar Ltd

₹1,36,800 /800 sharesMinimum Investment

Sahaj Solar IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
11 Jul ‘24 - 15 Jul ‘24₹1,36,800800₹171 - ₹180
Issue SizeIPO Doc
52.56Cr
RHP PDF

About the company

Sahaj Solar operates in the solar power sector and provides both manufacturing and service solutions. The company focuses on three main areas: PV module manufacturing, solar pumping systems, and engineering, procurement, and construction (EPC) services. The company has a PV module manufacturing plant located in Bavla, Ahmedabad, Gujarat. It produces solar panels, which are a key component in its solar water pumping systems. The mounting structures for these systems are produced by Veracity Energy and Infrastructure Private Limited, a subsidiary of Sahaj Solar. Another subsidiary, Veracity Powertronics Private Limited, designs the controllers for the solar water pumping systems. Sahaj Solar also customises solar mobile trolleys for use in rural and remote areas. These trolleys can generate electricity for solar water pumping, off-grid power, and other utilities, providing a mobile power solution. The company also provides EPC services, including the design, supply, installation, testing, commissioning, and maintenance of projects, ranging from simple domestic solar installations to large-scale solar power plants.;
Founded in
2010
Managing director
Mr. Pramit Bharatkumar Brahmbhatt
Parent organisation
Sahaj Solar Ltd

Strength and risks

Strengths
Risks
Sahaj Solar holds both industry product accreditations and certifications for quality management systems. These include ISO 9001:2015, ISO 14001:2015, ISO 45000:2018, CE – 2010, IS 14286/ IEC 61215; 2005, IS/IEC 61730 – 1;2004, IS/IEC 61730-2;2004, IEC TS 62804- 1, and IEC 61701 : 2011.
Sahaj Solar serves both government and private sector clients. The former include MGVCL, DGVCL, PGVCL, GEDA, HAREDA, MEDA, and the Maharashtra State Electricity Distribution Co. Ltd, while the latter include Mahindra Susten Private Limited, Mahindra Solarize Private Limited, Secured Meters, Eglo, Shekhani Industries, Nuvoco Cements (Lafarge Cements), Tenneco, Valeo, Rotomag, Premier Solar, and Iron Mountain.
The company has seen a consistent increase in total income and profit after tax. The former increased from Rs 62.19 crore in FY2021 to Rs 67.28 crore in FY2022 and to Rs 185.80 crore in FY2023, and the latter from Rs 0.70 crore in FY2021 to Rs 1.02 crore in FY2022 to Rs 6.48 crore in FY2023.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular171 - 180₹2 Lakh
High Networth Individual171 - 180₹2 - 5 Lakh
For Sahaj Solar IPO, eligible investors can apply as Regular.
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