31 Mar 2021
Assets34.64
Total Income62.19
Profit After Tax0.71
NET Worth9.22
Reserves and Surplus4.05
Total Borrowing15.03
At a glance
Updated 2026-08-24The shares listed at ₹342.00, a 90.00% move from the issue price. Sahaj Solar is a SME IPO with an issue size of ₹52.52 crore, proposed for listing on NSE SME. The offer opens on 11th Jul 2024 and closes on 15th Jul 2024. The issue structure includes a fresh issue of ₹49.89 crore. The current listing schedule points to 19th Jul 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹52.52 Cr
Fresh issue₹49.89 Cr
Face value₹10
Price band₹171.00–₹180.00
Allotment16th Jul 2024
Listing19th Jul 2024
Listing performance
Full performance ↗Issue price₹180.00
Listing price₹342.00
Current price—
Listing gain90.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹250.00
GMP / upper price138.89%
Est. listing₹430.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens11th Jul 2024
Closes15th Jul 2024
Allotment16th Jul 2024
Refund18th Jul 2024
Demat18th Jul 2024
Listing19th Jul 2024
Subscription demand
Full bidding ↗Total507.21×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 800 | ₹144,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Working Capital Requirements of the Company | ₹106.15 Cr |
| General Corporate Purposes | ₹13.14 Cr |
| Total | ₹119.29 Cr |
Financials
Full financials ↗31 Mar 2022
Assets61.03
Total Income67.29
Profit After Tax1.03
NET Worth10.02
Reserves and Surplus4.80
Total Borrowing17.11
31 Mar 2023
Assets90.82
Total Income185.80
Profit After Tax6.48
NET Worth16.37
Reserves and Surplus8.59
Total Borrowing13.62
31 Mar 2024
Assets149.36
Total Income201.72
Profit After Tax13.37
NET Worth32.93
Reserves and Surplus24.97
Total Borrowing56.81
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 39.96% |
| ROCE | 26.47% |
| RoNW | 39.96% |
| PAT Margin | 6.52% |
| Price to Book Value | 4.41 |
Valuation & shareholding
Pre-IPO EPS16.58
Post-IPO EPS12.17
Pre-IPO P/E10.86
Post-IPO P/E14.79
Promoter holding pre97.08%
Promoter holding post71.28%
Market cap₹197.75 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to BRLM including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | ₹0.61 Cr |
| Brokerage and selling commission | ₹0.20 Cr |
| Printing & Stationery, Distribution, Postage, etc. | ₹0.01 Cr |
| Advertisement and Marketing Expenses | ₹0.05 Cr |
| Stock Exchange Fees, Regulatory and other Expenses | ₹0.05 Cr |
| Others (Fees payable for underwriting fees and miscellaneous expenses.) | ₹3.02 Cr |
| Total | ₹3.94 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Kunvarji Finstock Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.