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Ahasolar Technologies IPO is a fixed price issue of Rs 12.85 crores. The issue is entirely a fresh issue of 8.18 lakh shares.
Ahasolar Technologies IPO bidding started from July 10, 2023 and ended on July 13, 2023. The allotment for Ahasolar Technologies IPO was finalized on Tuesday, July 18, 2023. The shares got listed on BSE SME on July 21, 2023.
Ahasolar Technologies IPO price is ₹157 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹125,600. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹251,200.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Ahasolar Technologies IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Ahasolar Technologies IPO is Sunflower Broking.
Refer to Ahasolar Technologies IPO RHP for detailed information.
| IPO Date | July 10, 2023 to July 13, 2023 |
| Listing Date | July 21, 2023 |
| Face Value | ₹10 per share |
| Price | ₹157 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 818,400 shares (aggregating up to ₹12.85 Cr) |
| Fresh Issue | 818,400 shares (aggregating up to ₹12.85 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,263,888 |
| Share holding post issue | 3,082,288 |
| Market Maker portion | 42,400 shares Sunflower Broking |
Ahasolar Technologies IPO offers 818,400 shares. 388,000 (47.41%) to NII, 388,000 (47.41%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 42,400 (5.18%) |
| Other Shares Offered | 388,000 (47.41%) |
| Retail Shares Offered | 388,000 (47.41%) |
| Total Shares Offered | 818,400 (100%) |
Ahasolar Technologies IPO opens on July 10, 2023, and closes on July 13, 2023.
| IPO Open Date | Monday, July 10, 2023 |
| IPO Close Date | Thursday, July 13, 2023 |
| Basis of Allotment | Tuesday, July 18, 2023 |
| Initiation of Refunds | Wednesday, July 19, 2023 |
| Credit of Shares to Demat | Thursday, July 20, 2023 |
| Listing Date | Friday, July 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 13, 2023 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹125,600 |
| Retail (Max) | 1 | 800 | ₹125,600 |
| HNI (Min) | 2 | 1,600 | ₹251,200 |
| Lot Size Calculator | |||
Mr. Piyushkumar Vasantlal Bhatt, Mr. Pulkit Dhingra, Mr. Shatrughan Harinarayan Yadav and Mr. Vipin Sharma are the Promoters of the Company.
| Share Holding Pre Issue | 50.31% |
| Share Holding Post Issue | 36.95% |
Incorporated in 2017, Ahasolar Technologies Limited is engaged in the business of CleanTech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy.
With their passion for solar energy and the desire to help stakeholders like solar companies and the government change the world for the better, Ahasolar is making the process of managing, selling, designing, and procuring solar PV systems easier and simpler.
The business of the company can be divided into the following segments:
The entity has been working with multiple national, international, government, and private companies towards enabling them to accelerate the adoption of solar through solutions offered by Ahasolar. Ahasolar Technologies Limited is also involved in the business of Advisory for sustainable development and energy transition to renewables.
The products of Ahasolar Technologies are offered under the names:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 138.63 | 128.70 | 2.07 | 2.16 | 1.16 | 23.04 |
| 31-Mar-21 | 85.47 | 187.73 | 7.91 | 10.08 | 9.08 | 24.24 |
| 31-Mar-22 | 237.37 | 1,714.64 | 68.63 | 78.71 | 77.71 | 58.18 |
| 31-Mar-23 | 525.56 | 2,105.16 | 176.38 | 405.07 | 178.69 | 0.00 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Ahasolar Technologies IPO is Rs 48.39 Cr.
| KPI | Values |
|---|---|
| ROE | 72.92% |
| ROCE | 63.53% |
| RoNW | 43.54% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.94 | |
| P/E (x) | 27.45 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company claims to enjoy a virtual monopoly in the solar energy-related digitized service aspects providing all services under one roof. After teething problems for FY20, and FY21, it has succeeded in its service offerings and is now on a fast-forward mode as represented in its FY22 and FY23 performance. The management is confident of maintaining the trends in the future. A small equity base post-IPO indicates longer gestation for migration to the mainboard. Though the issue appears aggressively priced discounting near-term positives, well-informed investors may consider parking funds for medium to long-term rewards. Read detail review...
The Ahasolar Technologies IPO is subscribed 34.79 times on July 13, 2023 7:02:00 PM. The public issue subscribed 46.18 times in the retail category, times in the QIB category, and 23.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 23.37 |
| Retail | 46.18 |
| Total | 34.79 |
Total Application : 24,264 (50.03 times)
| Listing Date | July 21, 2023 |
| BSE Script Code | 543941 |
| NSE Symbol | |
| ISIN | INE0NEV01011 |
| Final Issue Price | ₹157 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹157.00 |
| ₹203.00 |
| ₹203.00 |
| ₹213.15 |
| ₹213.15 |
Ahasolar Technologies Limited
Office No. 207, Kalasagar Shopping Hub,
Opp. Saibaba Temple, Sattadhar Cross Road,
Ghatlodiya, Ahmedabad– 380061
Phone: 079-40394029
Email: compliance@ahasolar.in
Website: http://www.ahasolar.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ahasolar.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Ahasolar Technologies IPO is a SME IPO of 818,400 equity shares of the face value of ₹10 aggregating up to ₹12.85 Crores. The issue is priced at ₹157 per share. The minimum order quantity is 800 Shares.
The IPO opens on July 10, 2023, and closes on July 13, 2023.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Ahasolar Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Ahasolar Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ahasolar Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ahasolar Technologies IPO opens on July 10, 2023 and closes on July 13, 2023.
Ahasolar Technologies IPO lot size is 800 Shares, and the minimum amount required is ₹125,600.
You can apply in Ahasolar Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Ahasolar Technologies IPO will be done on Tuesday, July 18, 2023, and the allotted shares will be credited to your demat account by Thursday, July 20, 2023. Check the Ahasolar Technologies IPO allotment status.
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