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15 Days Price Change

Sahaj Solar IPO

Closing In

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Issue Size --
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Price Range 171  to  180 per share
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Min Investment ₹180
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Lot Size 1
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Face Value ₹10
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Draft Prospectus --
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Sahaj Solar Limited, a pioneering force in the renewable energy sector, stands at the forefront of India's solar power revolution. Established with a vision to harness sustainable energy solutions, Sahaj Solar Limited has consistently delivered innovative solar power systems tailored to meet diverse customer needs. With a commitment to excellence, the company has built a reputation for reliability, efficiency, and customer satisfaction. Emphasizing technological advancement and environmental stewardship, Sahaj Solar Limited continues to lead the charge towards a cleaner, greener future. Read More

Basic Info

Face Value 10 per share

Price 171  to  180 per share

P/E (x) 6.6

Sales( Cr.) 330

PAT( Cr.) 28

EPS 27.2

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Pramit Bharatkumar Brahmbhatt Varna Pramit Brahmbhatt Manan Bharatkumar Brahmbhatt

Pre Issue Share Holding 100%

Post Issue Share Holding 66.72%

Listing Details:

Listing Price: 171

Listing Gain: -5.26%

Current Price: 143.7

Gain On Issue: 143.7 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jul 11, 2024
Closing Date Jul 15, 2024
Allotment Jul 16, 2024
Refund Jul 17, 2024
Delivery of Shares Jul 17, 2024
Listing Date Jul 18, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 800 144,000
Retail (Max) 1 800 144,000
S-HNI (Min) 2 1600 288,000
S-HNI (Max) 6 4800 864,000
B-HNI (Min) 7 5600 1,008,000

Objective of the Issue

1. Working Capital Requirements of the Company 2. General Corporate Purposes.

Issue

Category Nos Bid Bid (x)
QIB 1460000 312834200 214.3x
NII 438000 377709300 862.4x
Retail 1022000 546800660 535x
EMP 0 0 0x
Total 2920000 1481053200 507.2x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Sahaj Solar Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 62 67 185 201 330
Other Income 0 1 0 1 1
Total Income 62 67 186 202 331
Total Expenditure 59 63 174 177 288
Operating Profit 3 4 12 25 43
Interest 1 2 2 4 4
Depreciation 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 1 1 9 20 38
Provision for Tax 0 0 2 6 10
Profit After Tax 1 1 6 13 28
Adjustments -0 -0 -0 -0 -0
Profit After Adjustments 1 1 6 13 28
Adjusted Earnings Per Share 0.4 0.7 4.1 8.2 12.5

Sahaj Solar Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 9 10 16 33 109
Minority's Interest 0 0 0 1 1
Borrowings 5 6 4 3 3
Other Non-Current Liabilities 0 0 0 1 9
Total Current Liabilities 19 44 70 112 182
Total Liabilities 35 61 91 149 303
Fixed Assets 10 8 8 7 6
Other Non-Current Assets 0 0 2 3 40
Total Current Assets 25 53 81 139 258
Total Assets 35 61 91 149 303

Sahaj Solar Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 2 1 3 12
Cash Flow from Operating Activities 4 -2 10 -35 -47
Cash Flow from Investing Activities -3 0 -1 -0 -0
Cash Flow from Financing Activities -2 1 -7 44 45
Net Cash Inflow / Outflow -0 -1 1 9 -2
Closing Cash & Cash Equivalent 2 1 3 12 10

Sahaj Solar Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.38 0.65 4.05 8.16 12.54
CEPS(Rs) 1.2 1.5 4.93 9.01 13.35
DPS(Rs) 0 0 0 0 0.5
Book NAV/Share(Rs) 5.92 6.4 10.49 20.48 49.44
Core EBITDA Margin(%) 4.88 5.84 6.11 12.12 12.8
EBIT Margin(%) 3.42 4.63 5.68 11.81 12.71
Pre Tax Margin(%) 1.6 2.12 4.62 9.74 11.46
PAT Margin (%) 1.14 1.54 3.5 6.65 8.49
Cash Profit Margin (%) 3.04 3.52 4.17 7.23 8.89
ROA(%) 2.04 2.15 8.56 11.18 12.39
ROE(%) 7.61 10.62 49.04 54.08 39.54
ROCE(%) 8.71 12.05 36.89 39.65 32.77
Receivable days 52.95 126.4 89.51 129.01 158.48
Inventory Days 58.26 57.44 22.61 24.39 20.94
Payable days 59.33 132.52 97.29 118.58 113.4
PER(x) 0 0 0 0 14.85
Price/Book(x) 0 0 0 0 3.77
Dividend Yield(%) 0 0 0 0 0.27
EV/Net Sales(x) 0.3 0.32 0.1 0.26 1.38
EV/Core EBITDA(x) 5.56 4.8 1.61 2.13 10.55
Net Sales Growth(%) 0 7.81 177.61 8.53 63.93
EBIT Growth(%) 0 46.25 240.41 125.62 76.44
PAT Growth(%) 0 45.23 532.58 106.25 109.43
EPS Growth(%) 0 70.96 520.51 101.24 53.66
Debt/Equity(x) 1.62 1.7 0.83 1.72 0.53
Current Ratio(x) 1.28 1.19 1.16 1.25 1.41
Quick Ratio(x) 0.77 0.94 0.99 1.11 1.29
Interest Cover(x) 1.88 1.84 5.34 5.7 10.16
Total Debt/Mcap(x) 0 0 0 0 0.14

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 64% 70% 0% 0%
Operating Profit CAGR 72% 121% 0% 0%
PAT CAGR 115% 204% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -48% NA% NA% NA%
ROE Average 40% 48% 32% 32%
ROCE Average 33% 36% 26% 26%

Company Contact Information

Sahaj Solar Ltd.

Office No. 301, Ashirvad Paras Opp. Prahladnagar Garden Satellite

IPO Lead Manager(s)

Sahaj Solar Ltd.

Kunvarji Finstock Pvt Ltd

Registrar Info

Sahaj Solar Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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