Established in 2017, Ahasolar Technologies Limited is a pioneering CleanTech company focused on driving Energy Transition through Digital Transformation, facilitating the adoption of renewable energy. Their mission is to empower stakeholders, including solar companies and governments, to create a positive impact on the world through solar energy.
Passionate about solar energy, Ahasolar simplifies the management, selling, design, and procurement of solar PV systems. Their comprehensive business can be categorized into the following segments:
- Solar Software Service
- Solar Marketplace
- Solar Advisory and Consultancy Service
Collaborating with various national, international, government, and private entities, Ahasolar enables and accelerates the adoption of solar solutions across the globe. Additionally, the company is actively engaged in Advisory services for sustainable development and facilitating the transition to renewable energy sources.
Ahasolar Technologies Limited offers its innovative products under the names:
- AHA! Rooftop Solar Helper
- AHA! Rooftop Solar Helper (Pro)
With a strong commitment to CleanTech and a vision for a sustainable future, Ahasolar Technologies Limited is driving positive change in the renewable energy industry. By making solar energy accessible and viable for stakeholders, they play a crucial role in shaping a cleaner and greener world.
Ahasolar Technologies Ltd Stock Quote #
- Open: ₹400.00
- High – Low: ₹400.00 – ₹392.15
- Previous Close: ₹394.00
- Total Traded Value: 9,600
- 52 Weeks High: ₹473.00 (Aug 11, 2023)
- 52 Weeks Low: ₹203.00 (Jul 21, 2023)
- Updated On: Aug 22, 2023 4:00 PM
Ahasolar Technologies IPO Details #
| IPO Date | Jul 10, 2023 to Jul 13, 2023 |
| Listing Date | Jul 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 Reservation #
| 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 Timetable (Tentative) #
Ahasolar Technologies IPO opens on Jul 10, 2023, and closes on Jul 13, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Monday, 10 July 2023 |
| Closing Date | Thursday, 13 July 2023 |
| Basis of Allotment | Tuesday, 18 July 2023 |
| Initiation of Refunds | Wednesday, 19 July 2023 |
| Credit of Shares to Demat | Thursday, 20 July 2023 |
| Listing Date | Friday, 21 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 13, 2023 |
Ahasolar Technologies IPO Lot Size #
The Ahasolar Technologies IPO lot size is 800 shares.
| 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 | |||
Ahasolar Technologies IPO Promoter Holding #
Mr. Piyushkumar Vasantlal Bhatt, Mr. Pulkit Dhingra, Mr. Shatrughan Harinarayan Yadav and Mr. Vipin Sharma are the Promoters of the Company.
| Pre Issue Share Holding | 50.31% |
| Post Issue Share Holding | 36.95% |
Company Financials #
| 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 | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 27.45 |
| Market Cap (₹ Cr.) | 48.39 |
| ROE | 72.92% |
| ROCE | 63.53% |
| EPS (Rs) | 7.94 |
| RoNW | 43.54% |
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 IPO Subscription Status (Bidding Detail) #
The Ahasolar Technologies IPO is subscribed 34.79 times on Jul 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)
Company Contact Information #
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/
Ahasolar Technologies IPO Registrar #
Phone: 04067162222, 04079611000
Email: ahasolar.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Ahasolar Technologies IPO Lead Manager(s) #
Frequently Asked Questions #
What is the opening and closing date of the Ahasolar Technologies IPO? #
The Ahasolar Technologies IPO opens on Jul 10, 2023, and closes on Jul 13, 2023.
What is the IPO price and face value of Ahasolar Technologies shares? #
The IPO price of Ahasolar Technologies shares is ₹157 per equity share, and the face value is ₹10 per share.
What is the lot size of Ahasolar Technologies IPO? #
The lot size for Ahasolar Technologies IPO is 800 shares.
What is the IPO size of Ahasolar Technologies? #
The Ahasolar Technologies IPO size is 818,400 Equity Shares, aggregating up to ₹12.85 Crores.
In which stock exchange will the Ahasolar Technologies shares be listed? #
The shares of Ahasolar Technologies will be listed on the BSE SME stock exchange.
When will the Ahasolar Technologies IPO allotment take place? #
The basis of allotment for the Ahasolar Technologies IPO will be finalized on Jul 18, 2023.
How can I check the Ahasolar Technologies IPO allotment status? #
To check the Ahasolar Technologies IPO allotment status, you can visit the IPO registrar’s website or the official Ahasolar Technologies IPO allotment status page. Enter either your PAN number, Application Number, or DP Client ID to check the status.
When will the refund process for Ahasolar Technologies IPO begin? #
The initiation of refunds for the Ahasolar Technologies IPO will start on Jul 19, 2023.
What is the expected listing date for Ahasolar Technologies shares? #
The Ahasolar Technologies IPO shares will be listed on Jul 21, 2023, on the BSE SME platform.
Are there any recommendations on whether to apply for Ahasolar Technologies IPO shares? #
No, there are no specific IPO recommendations provided. Investors should evaluate various factors like company financials, market situation, and expert analysis before deciding to apply for Ahasolar Technologies IPO shares.
How can I apply for the Ahasolar Technologies IPO? #
Investors with a demat account can apply online through banks using ASBA or through a broker using UPI. Popular stockbrokers like Zerodha also offer online IPO applications.
Will the Ahasolar Technologies IPO be oversubscribed? #
As per the latest subscription status, the Ahasolar Technologies IPO is oversubscribed. The IPO has received high demand from both retail and institutional investors.
Please note that the above FAQs are based on the information provided, and you may want to cross-check any specific details or updates on the official IPO website or other reliable sources.
