Sahaj Solar SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Sahaj Solar IPO. Explore Sahaj Solar IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Sahaj Solar Limited, based in Ahmedabad, Gujarat, specializes in providing comprehensive solar solutions, including PV module manufacturing, solar pumping systems, and EPC (Engineering, Procurement, and Construction) services. Sahaj Solar has established itself as a key player in the renewable energy sector, leveraging its manufacturing capabilities and service offerings to deliver high-quality solar products and solutions.
Key Points:
- Business Segments:
- PV Module Manufacturing:
- 100 MW capacity manufacturing plant in Bavla, Ahmedabad.
- Produces mono and polycrystalline PV modules, including high-efficiency Mono PERC modules.
- Uses Crystalline Photovoltaic Technology for manufacturing customized size PV modules.
- Products sold under the brand name 'SAHAJ'.
- Solar Water Pumping Systems:
- Converts solar energy into electricity to run motors and pumps for water extraction.
- Components like solar panels and mounting structures manufactured in-house and by subsidiaries.
- Supports the Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PM KUSUM) scheme for farmers.
- EPC Services:
- Offers end-to-end services including design, supply, installation, testing, commissioning, and maintenance.
- Caters to projects of all sizes, from domestic solar installations to large-scale solar power plants.
- PV Module Manufacturing:
- Subsidiaries:
- Veracity Energy and Infrastructure Private Limited (VEIPL): Manufactures solar modules’ mounting structures. Sahaj Solar holds 80% equity.
- Veracity Powertronics Private Limited (VPPL): Assembles and trades solar water pumps, motors, and controllers. Sahaj Solar holds 80% equity.
- Sustainable Plant Green Energies Private Limited (SPGEPL): Explores hydro power projects and utilities in power plant projects. Sahaj Solar holds 51% equity.
- Market Presence:
- Geographically diversified presence in India.
- Clients include government projects (MGVCL, DGVCL, PGVCL, GEDA, HAREDA, MEDA, etc.) and private customers (Mahindra Susten, Eglo, Shekhani Industries, Nuvoco Cements, etc.).
- Product and Service Offerings:
- Solar Products:
- PV modules (multi and mono crystalline).
- Mobile solar trolleys.
- Solar Water Pumping Systems:
- AC and DC solar pump sets.
- EPC Services:
- Solar rooftop installations (residential and industrial).
- Solar off-grid power projects.
- Solar Products:
Objects of the Issue
- Working Capital Requirements of the Company
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 11 Jul - 15 Jul 2024 |
| IPO Price Band | ₹ 171 - 180 per share |
| Fresh Issue | 2,920,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 52.56 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 11 Jul 2024 |
| IPO Closing Date | 15 Jul 2024 |
| Basis Of Allotment | 16 Jul 2024 |
| Refunds | 18 Jul 2024 |
| Demat Transfer | 18 Jul 2024 |
| IPO Listing Date | 19 Jul 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 62.19 | 67.29 | 185.80 | 201.72 |
| Total Expenses | 58.91 | 62.87 | 173.99 | 176.79 |
| Net Profit/Loss | 0.71 | 1.03 | 6.48 | 13.16 |
| NPM (*) | 0.97 | 1.53 | 3.43 | 6.52 |
| Total Assets | 34.64 | 61.03 | 90.82 | 149.36 |
| Total Liabilities | 25.36 | 51.01 | 74.39 | 116.33 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 0.76 | 1.31 | 8.11 | 16.70 |
| ROE (%) | 6.45 | 10.21 | 38.78 | 39.96 |
| ROCE (%) | 8.64 | 11.42 | 36.70 | 26.47 |
| D/E Ratio | 1.62 | 1.70 | 0.82 | 1.72 |
| Current Ratio | 1.28 | 1.18 | 1.16 | 1.25 |
| EBITDA MARGIN (%) | 5.29 | 6.62 | 6.38 | 12.12 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Sahaj Solar Limited | 201.17 | 10.78 | 16.70 | 39.96 | 40.83 |
| Shakti Pumps (India) Limited | NA | 17.34 | 76.91 | 18.75 | 377.19 |
| Zodiac Energy Limited | NA | 51.62 | 7.50 | 23.06 | 32.51 |
| Solex Energy Limited | NA | 74.18 | 10.92 | 18.89 | 57.80 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 214.27 |
| Non-Institutional Investor (NII/HNI) | 862.35 |
| Retail Individual Investor (RII) | 535.03 |
| Total | 507.21 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- MR. PRAMIT BHARATKUMAR BRAHMBHATT
- MRS. VARNA PRAMIT BRAHMBHATT
- MR. MANAN BHARATKUMAR BRAHMBHATT
Lead Managers
- KUNVARJI FINSTOCK PRIVATE LIMITED
Company Address
SAHAJ SOLAR LIMITED
Office No. 301, Ashirvad Paras, Opp. Prahladnagar Garden, Satellite, Ahmedabad, Gujarat, India, 380051
Phone: +91-079-68171800
Email: cs@sahajsolar.com
Website: www.sahajsolar.com
FAQs
- What is the issue size of the Sahaj Solar SME IPO?The Sahaj Solar SME IPO has an issue size of Approx ₹ 52.56 crore. This includes a fresh issue of 2,920,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Sahaj Solar IPO?The price band for the Sahaj Solar IPO is ₹ 171 - 180 per share.
- What are the bidding dates for the Sahaj Solar IPO?The Sahaj Solar IPO will open for bidding on 11 Jul 2024 and close on 15 Jul 2024.
- What is the allotment date for the Sahaj Solar IPO?The allotment date for the Sahaj Solar IPO is 16 Jul 2024.
- What is the listing date for the Sahaj Solar IPO?The listing date for the Sahaj Solar IPO is 19 Jul 2024.
- What is the Sahaj Solar IPO grey market premium?The grey market premium (GMP) for the Sahaj Solar IPO is currently at ₹250, with an expected listing gain of approximately 138.89%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.