Upcoming IPO - Opportunity to Invest in Ahmedabad's Brahmbhatt Family's Solar Energy Company

The Brahmbhatt family from Ahmedabad, Gujarat, has been in the solar energy business for the past 10 years. According to their data, after a long struggle, their business is now rapidly growing on one hand, and on the other hand, they have learned cost-cutting, which has increased their profit. If you are interested in investing in the solar energy business, you should review this company, as those who earn substantial profits in the market often prefer to invest at the time of the company's listing or even before.

About Sahaj Solar Limited

Sahaj Solar Limited was established in 2010. Its office is located in Bavla, Ahmedabad, Gujarat. The promoters of the company are Pramit Bharatkumar Brahmbhatt, Varna Pramit Brahmbhatt, and Manan Bharatkumar Brahmbhatt. Overall, the Brahmbhatt family's company is now going public. The company has a total of three units:

The first unit manufactures mono and polycrystalline PV modules and mono PERC (Passivated Emitter and Rear Contact) modules.

The second unit produces solar water pumping systems.

The third unit provides services for solar projects to Indian customers.

The total number of employees in this company is 64.

Sahaj Solar Limited Financial Information

In the past year, the company's revenue has increased by 176.13% and profit after tax by 532.56%. These figures are highly appealing to investors. The company has bank loans and market borrowings of over ₹12 crores, but within the same year, it has achieved a turnover of ₹185 crores and made a PAT (Profit After Tax) of ₹6.48 crores. The company's total worth is approximately ₹91 crores. Overall, the Brahmbhatt family has brought the company on track over the past 10 years. Now, they aim to expand their business further and need investment for this. Hence, the company is being listed on the stock market to raise public funds. The IPO aims to collect ₹52.56 crores.

Sahaj Solar IPO - Opening, Closing, Listing Date, Investment

• IPO Open Date: Thursday, July 11, 2024
• IPO Close Date: Monday, July 15, 2024
• Basis of Allotment: Tuesday, July 16, 2024
• Initiation of Refunds: Thursday, July 18, 2024
• Credit of Shares to Demat: Thursday, July 18, 2024
• Listing Date: Friday, July 19, 2024
• Face Value: ₹10 per share
• Price Band: ₹171 to ₹180 per share
• Lot Size: 800 Shares
• Investment: ₹144,000

Disclaimer: This is purely news published to inform investors of the Indian share market. We do not encourage or discourage investment in any company. Please consult your financial advisor and invest based on your own study of the share market.