Ahasolar Technologies Limited IPO Detail
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:
- Solar Software Service
- Solar Marketplace
- Solar Advisory and Consultancy Service
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:
- AHA! Rooftop Solar Helper
- AHA! Rooftop Solar Helper (Pro)
Company Promoters
Mr. Piyushkumar Vasantlal Bhatt, Mr. Pulkit Dhingra, Mr. Shatrughan Harinarayan Yadav and Mr. Vipin Sharma are the Promoters of the Company.IPO Details
| IPO Opening Date | Jul 10, 2023 |
| IPO Closing Date | Jul 13, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹157 per equity share |
| Market Lot | 800 Shares |
| Min Order Quantity | 800 Shares |
| Listing At | BSE SME |
| Issue Size | ₹12.85 Cr |
| Fresh Issue | 818,400 shares (aggregating up to ₹12.85 Cr) |
| Offer for Sale | - |
| Retail Portion | 47.41% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 6.04x | 22.82x | 14.43x | |
| Day 2 | - | - | 23.37x | 46.18x | 34.79x |
IPO Tentative Timetable
The Ahasolar Technologies Limited IPO open date is Jul 10, 2023, and the close date is Jul 13, 2023. The issue may list on Jul 21, 2023.
| IPO Open Date | Jul 10, 2023 |
| IPO Close Date | Jul 13, 2023 |
| Basis of Allotment Date | Jul 18, 2023 |
| Initiation of Refunds | Jul 19, 2023 |
| Credit of Shares to Demat Account | Jul 20, 2023 |
| IPO Listing Date | Jul 21, 2023 |
IPO Lot Size
The Ahasolar Technologies Limited IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹125600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 800 | ₹125600 |
| Maximum | 1 | 800 | ₹125600 |
IPO Promoter Holding
| Pre Issue Share Holding | 50.31% |
| Post Issue Share Holding | 36.95% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 237.37 | 1714.64 | 68.63 |
| 31-Mar-23 | 525.56 | 2105.16 | 176.38 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Development of Solar PV Plant
- Setting up of Electric Vehicle Charging Infrastructure
- Purchase of Electric Vehicle
- To Meet Working Capital Requirements
- General Corporate Purpose
- To meet Public Issue Expenses
Ahasolar Technologies Limited IPO Registrar:
KFin Technologies Limited
Ahasolar Technologies Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Ahasolar Technologies Limited
Office No. 207, Kalasagar Shopping Hub, Opp. Saibaba Temple, Sattadhar Cross Road, Ghatlodiya
Ahmedabad
Ahmedabad
