July 16, 2024
New Delhi, India
Sahaj Solar IPO Allotment Today
The allotment for Sahaj Solar IPO is set for July 16, 2024, after an impressive subscription rate of 471.45 times. Here’s everything you need to know about checking your allotment status, subscription details, Grey Market Premium (GMP), listing date, and more.
Key Highlights:
- IPO Subscription: The Sahaj Solar IPO, held from July 11 to July 15, was massively oversubscribed at 471.45 times. The company received bids for 98.81 crore shares against an IPO size of 20.96 lakh shares.
- Grey Market Premium (GMP): The GMP for the IPO stands at Rs 164, indicating a potential listing price of Rs 344 per share.
- Price Band: The shares were offered in a price band of Rs 171 to Rs 180 per share.
Subscription Details:
- Retail Investors: Subscribed 1246.7 times
- Non-Institutional Investors: Subscribed 370 times
- Qualified Institutional Buyers: Subscribed 214.1 times
- Anchor Investors: Allotted 824,000 shares at Rs 180 per share, raising Rs 14.83 crore from three anchor investors.
Listing Date:
- NSE SME Listing: The shares will be listed on NSE SME on July 19, 2024.
How to Check Allotment Status:
To check the allotment status of the Sahaj Solar IPO, follow these steps:
- Visit the KFintech Website:
- Go to the direct KFintech link: KFintech IPO Status
- Select Sahaj Solar IPO:
- Click on ‘Sahaj Solar IPO’ from the dropdown menu.
- Choose Identification Method:
- Select either Application Number, DPID/Client ID, or PAN.
- Enter Details:
- Enter your IPO application number or other required details.
- Fill Captcha:
- Complete the captcha verification.
- Submit:
- Click the ‘Submit’ button to view your allotment status.
Alternatively, you can also check the allotment status on the NSE website.
Also Read: Vedanta Shares in Spotlight: Launches QIP to Raise Funds
Company Background:
Sahaj Solar Limited, founded in 2010, is a provider of renewable energy solutions. The company specializes in PV module manufacturing, with a facility located in Bavla, Ahmedabad, Gujarat. The manufacturing plant spans 2,883.77 square meters and has a production capacity of 100 MW.
Lead Manager and Registrar:
- Lead Manager: Kunvarji Finstock Pvt Ltd
- Registrar: KFin Technologies Limited
Investment Details:
- Minimum Lot Size: 800 shares
- Retail Investment Amount: Rs 144,000 (minimum)
- HNI Investment Amount: Rs 288,000 (minimum for 2 lots, 1600 shares)
Bottom Line:
With the Sahaj Solar IPO witnessing overwhelming subscription rates, investors eagerly await the allotment results. The company’s strong market presence and strategic initiatives make this IPO a significant event in the renewable energy sector.
Currency Market Update July 16, 2024
Disclaimer:
CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.
