Sahaj Solar Limited IPO: If you are talking about any Initial Public Offering i.e. IPO, then there is good news for you. Next week, the IPO of another company is opening for investment. This IPO is of Sahaj Solar. Sahaj Solar’s IPO will open for investment on July 11. Investors can place bets in this issue till July 15. The price band for this has been fixed at Rs 180. The company’s target is to raise Rs 52.56 crore through this IPO. The lot size of Sahaj Solar Limited IPO is 800 shares.
What’s going on GMP?
The Rs 52 crore Sahaj Solar issue will open for subscription this week. IPO is an SME segment issue. The company’s IPO is trading at a 55% premium in the gray market. According to Investorgain.com, the company’s shares are trading at a premium of Rs 100 today. That means its possible listing price could be Rs 280. This means that the company’s shares can give a profit of 55% on the day of listing.
Investors pounce on ₹4 share, upper circuit is being held for 17 days, LIC also has stakes
This share can reach ₹ 100, currently the price is ₹ 36, there is a rush to buy it
What are the other details
Sahaj Solar Limited IPO shares are expected to be alloted on Tuesday, July 16, 2024. Sahaj Solar Limited IPO shares will be provisionally listed on NSE on Friday, July 19, 2024. Sahaj Solar Limited was established in 2010 and is a renewable energy solutions provider. The company has three business units – PV module manufacturing, provision of solar water pumping systems, and providing ‘EPC services’ to customers across India. The company’s PV module manufacturing facility is located at Bavla, Ahmedabad, Gujarat. It has an area of 2,883.77 square meters and includes a building of 2,445.5 square meters, which houses both factory and offices.
