Sahaj Solar Opens IPO, Sees 38 Times Subscription on First Day of Bidding
Sahaj Solar's SME IPO, aiming to raise INR 52.26 crore, sees 38 times subscription on the first day. The renewable energy company specializes in Crystalline Photovoltaic Technology and EPC services.
July 12, 2024. By News Bureau
The company aims to raise INR 52.56 crore through the IPO, which consists solely of fresh issues amounting to 29.2 lakh equity shares. The price band for the shares is set at INR 171-180 per share.
According to media reports, retail investors subscribed 65 times their allotted quota, qualified institutional buyers picked up 49.8 times their reserved portion, and non-institutional investors subscribed 39.22 times their allotted shares in Sahaj Solar's SME IPO.
Founded in 2007, Sahaj Solar has been recognized by the International Electrotechnical Commission (IEC) and the Ministry of New and Renewable Energy (MNRE) since 2010. The company specializes in Crystalline Photovoltaic Technology for manufacturing Solar PV Modules and also provides system designing, engineering, procurement, and construction (EPC) services. The firm is based in the western part of India, Sahaj Solar operates offices across India and Africa, supplying high-quality products and EPC services throughout these regions.
please contact: contact@energetica-india.net.
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