Sahaj Solar IPO: Subscription for Sahaj Solar IPO opened on Thursday, July 11 and will run till Monday, July 15. The initial public offering i.e. IPO price band for Sahaj Solar is fixed at ₹171 to ₹180 per share. A minimum of 800 shares are available for bidding, plus multiples of those shares. The IPO received tremendous response on the very first day. This issue was subscribed approximately 43 times on the first day.
what are the details
The retail portion was subscribed 40.36 times and the NII portion was booked 39.17 times. Qualified institutional buyers have been booked for 10%. Let us tell you that in this issue, 35% has been allocated for retail investors, 50% has been given to QIBs, and 15% has been kept aside for NII (HNI). The ₹52.56 crore Sahaj Solar IPO involves an offer for sale of entirely 2,920,000 equity shares. Pramit Bharatkumar Brahmbhatt, Manan Bharatkumar Brahmbhatt, and Varna Pramit Brahmbhatt are the promoters of the business.
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What’s going on GMP?
According to InvestorGain.com, Sahaj Solar shares are available at a premium of ₹175 in the gray market. Considering the upper price band of the IPO and the existing premium in the gray market, the expected listing price of Sahaj Solar IPO was quoted at ₹355 per share, which is approximately 98% higher than the IPO price of ₹180.
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company business
Sahaj Solar is a solar solution suppliers. It has almost 10 years of experience in most areas related to renewable energy generation production. The company benefits from a dual offering of production and services in the solar energy business. The company manufactures photovoltaic (PV) modules, markets solar pumping systems and provides EPC services.
