Sahaj Solar, a company offering renewable energy solutions, launched its initial public offering (IPO) today, July 11th, 2024. This is a chance for regular investors like you to become part of the company’s ownership. But before you jump in, here’s a breakdown of the key details you need to understand:
Sahaj Solar has been around for over a decade and provides a variety of solar solutions, including solar panels, water pumps powered by sunlight, and even helping design and install entire solar energy systems.
IPO Details
- IPO Open & Close Dates: The subscription window for the IPO is open from July 11th to July 15th, 2024.
- Price Range: The price per share is set between ₹171 and ₹180.
- Minimum Investment: You need to invest in a minimum of 800 shares and multiples of that number. So, the minimum investment amount will be 800 shares * ₹171 (minimum price) = ₹136,800.
- Listing Exchange: The shares will be listed on the NSE SME platform, a dedicated exchange for small and medium-sized enterprises.
The company aims to raise ₹52.56 crore through this IPO by issuing 2.92 million new shares.
The IPO is divided into three parts for different investor categories:
- Retail Investors (35%): This is for regular individual investors like you.
- Qualified Institutional Buyers (QIBs) (50%): These are large investors like banks and mutual funds.
- Non-Institutional Investors (NIIs) (15%): This includes wealthy individuals and high net-worth investors.
Important Dates to Remember
- Allotment Finalization: This is when the company decides who will get shares based on their applications. It’s expected to happen on July 16th.
- Refund: If you don’t get allotted any shares, the money you invested will be refunded by July 18th.
- Credit to Demat Account: If you do get allotted shares, they will be credited to your Demat account by July 18th.
- Listing Date: The tentative date for Sahaj Solar’s shares to start trading on the NSE SME exchange is July 19th.
Remember: Research company fundamentals, market trends, financial health, and industry outlook before investing . Consulting a financial advisor before making investment decisions is always a smart move.
