Sahaj Solar Limited IPO Overview
Company Overview
Sahaj Solar Ltd. (SSL) is a leading provider of renewable energy solutions, with a diversified portfolio in three main business segments: PV module manufacturing, solar water pumping systems, and EPC services. With nearly a decade of experience in renewable power generation, SSL has established itself as a trusted solar solutions provider. PV Module Manufacturing
The company operates a PV module manufacturing plant in Bavla, Ahmedabad, Gujarat, India, with a capacity of 100 MW. This plant utilizes advanced crystalline photovoltaic technology to produce high-efficiency mono and polycrystalline PV modules. Designed for various solar projects across India and abroad, the plant can manufacture customized-size PV modules to meet specific project requirements.
Solar Water Pumping Systems
SSL specializes in solar water pumping systems, providing farmers with a reliable source of energy for irrigation. The company supports the Central Government's PM KUSUM scheme, which promotes the adoption of solar pumps and grid-connected solar power plants among farmers. This initiative aims to benefit over 2 million farmers, enabling them to increase their incomes through multiple cropping seasons.
EPC Services
As a comprehensive solar energy solutions provider, SSL offers a full range of EPC services, including design, supply, installation, testing, commissioning, and maintenance of solar power projects. These services range from domestic installations to large-scale solar power plants. With its streamlined PV module manufacturing and comprehensive EPC solutions, SSL strives to deliver reliable solar solutions to its customers. Objects of the Issue
The funds raised through this offer will be utilized for the following purposes:
Working capital requirements of the company.
General corporate purposes.
Promoter Holding
Promoters: Pramit Bharatkumar Brahmbhatt, Varna Pramit Brahmbhatt, and Manan Bharatkumar Brahmbhatt.
Shareholding Pre-Issue: 97.09%
Shareholding Post-Issue: 71.28%
Sahaj Solar Limited: Key IPO Details
IPO Dates: 11 to 15 July 2024
Price Band: ₹171 to ₹180 per share
Lot Size: 800 shares
Amount Per Lot: ₹1,44,000
Total Issue Size: ₹52.56 Crores
Retail Quota: 32.96%
GMP: 100% (For informational purposes only)
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