About Sahaj Solar
Let’s discuss Sahaj Solar IPO so, Sahaj strongly believe that solar technology is the most emerging technology among all renewable energy technologies. Sun is an infinite source of energy for our earth. Sahaj Solar Ltd is synonyms to acquire green energy in a natural simple way. Sahaj Solar is founded with a humble objective of contributing company’s efforts for the betterment of mankind. Sahaj has initiated R&D on solar technologies in 2007 and since 2010 Company is International Electrotechnical Commission approved, Ministry of New and Renewable Energy recognized Solar Panel Manufacturer in India. From day one company has focused on quality and innovations. Companies one of the expertise is Crystalline Photovoltaic Technology used for manufacturing Solar PV Modules. Sahaj also engaged in system Designing and Engineering, Procurement and Construction services. Sahaj is based in western part of India having offices across Pan India and Africa. Sahaj supplies qualitative products and provide EPC Services all over India and in Africa. Sahaj’s team undertakes project implementation with two most important aspects – prolonged life of the equipment and optimum return on investment. The remote monitoring system helps the clients to monitor performance and take pre-emptive measures.
Company Highlights
- Sahaj Solar Ltd. was incorporated in the year 2010
- Increase in production capacity from 5MW to 100MW
- Increase in standalone turnover from INR 3.00 Cr in 2014 to INR 65.83 Cr in 2022
- Early player in solar water pumping system
- Experience in Niche and off-gird products like Micro grid and home lighting
- Industrial project experience with Key clients like Eglo, Shekhani Industries, Amazon, Nuvoco Cements (Lafarge Cements), Tenneco & Valeo
- OEM for major solar panel manufacturers in India
- Combination of Exposure and experience in panel manufacturing and EPC
Sahaj Solar IPO details (Tentative)
Sahaj Solar IPO opens on July 11, 2024, and closes on July 15, 2024.
IPO Open Date | Thursday, July 11, 2024 |
IPO Close Date | Monday, July 15, 2024 |
Basis of Allotment | Tuesday, July 16, 2024 |
Initiation of Refunds | Thursday, July 18, 2024 |
Credit of Shares to Demat | Thursday, July 18, 2024 |
Listing Date | Friday, July 19, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on July 15, 2024 |
Promoter Holding of Sahaj Solar IPO
Pramit Bharatkumar Brahmbhatt, Varna Pramit Brahmbhatt, and Manan Bharatkumar Brahmbhatt are the company’s promoters.
Share Holding Pre Issue | 97.09% |
Financial Information of Sahaj Solar Limited
Sahaj Solar Limited’s revenue increased by 176.13% and profit after tax (PAT) rose by 532.56% between the financial year ending with March 31, 2023 and March 31, 2022.
Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 8,483.62 | 9,081.50 | 6,103.22 | 3,463.94 |
Revenue | 6,110.30 | 18,580.48 | 6,728.95 | 6,218.78 |
Profit After Tax | 207.48 | 648.37 | 102.50 | 70.58 |
Net Worth | 1,836.08 | 1,637.30 | 1,002.05 | 927.45 |
Reserves and Surplus | 1,063.00 | 859.22 | 479.99 | 405.40 |
Total Borrowing | 1,655.72 | 1,241.72 | 1,711.35 | 1,502.87 |
Amount in ₹ Lakhs |
Mission of Sahaj Solar
Renewable Energy will be for all and we will help & serve every individual and organization in each and every aspect of their renewable energy need by reducing cost, scouting and getting better technology and serving each and every customer in a very professional and personalized way.
Vision of Sahaj Solar
Our Vision is to be a leading player in renewable energy segment in the world. We will create a world, where renewable energy will not be the benefit of select few.
Management Team
The success of Sahaj Solar can be attributed to its strong and experienced management team. Led by CEO Mr. Rajesh Kumar, who has over two decades of experience in the renewable energy sector, the team comprises industry veterans with deep expertise in solar technology, finance, and operations. Their strategic vision and execution capabilities have been instrumental in driving the company’s growth.
Manufacturing Facilities of Sahaj Solar
Armed with the load of Solar PV Module manufacturing capacity to 100 MW’s, The Factory in Bavla (Ahmedabad – Gujarat), India is capable enough to caters majority volume needs on time that too high-quality low-cost solar products. The Company’s aesthetically engineered automated production facility offers mono & poly crystalline PV Modules for variety of on-grid and off grid applications in India, as well across the globe.
The plant is a cutting-edge facility, and fully-integrated manufacturing of PV cells modules. The Company makes best quality, high efficiency solar PV modules in India. In addition to the standard polycrystalline module, somewhere along covering a leak it began building high efficiency Mono PERC modules that also clock in at 19% and up for cell efficiencies. This plant has manufacturing capacity of glass to glass modules and customized size module as well. We offer taste and quality and that makes us unique from another business.
Investor Sentiment
Renewable energy IPO have been on the radar of investors because they offer long-term growth tailwinds as well as ESG benefits. The IPO of Sahaj Solar is likely to catch the fancy as much for institutional investors as also that from retail. The company’s competitive industry positioning, innovation competences and supportive market trends have led to a positive outlook by analysts.
Conclusion
Sahaj Solar IPO is an opportunity to tap into the expanding renewable energy space for equity investors. Sahaj Solar is a strong market leader deeply committed to innovation and the company benefits from attractive industry dynamics, so it has ample growth prospects in coming years. But similar to any investment, risk is important so it needs full research before investing.
Sahaj Solar is a good way for better diversification but also investing in green future which the world desperately needs.
What are the growth prospects of Sahaj Solar?
Sahaj Solar operates in the fast-growing renewable energy sector, with significant opportunities due to global shifts towards sustainable energy. The company’s technological innovations and market position suggest strong growth potential.
How can I apply for the Sahaj Solar IPO?
ou can apply for the Sahaj Solar IPO through your stockbroker or online trading platforms. The application process typically involves submitting a bid during the IPO subscription period.
What is the Sahaj Solar IPO?
The Sahaj Solar IPO is an Initial Public Offering by Sahaj Solar, a leading company in the solar energy sector. The IPO allows investors to purchase shares of the company as it transitions from being privately held to publicly traded.