Investors who applied for the Sahaj Solar Initial Public Offering (IPO) are eagerly awaiting the allotment results, which are expected to be finalized today. The IPO, which opened for subscription on July 11 and closed on July 15, witnessed strong investor interest.
Sahaj Solar is a company that provides renewable energy solutions. Through the IPO, the company aimed to raise ₹52.56 crore by issuing 29.2 lakh new shares. The price range for the shares was set at ₹171 to ₹180 per share.
The IPO received an overwhelming response from investors across categories, indicating a strong demand for the company’s shares. This oversubscription is a positive sign for the company’s future prospects.
GMP stands for Grey Market Premium. It is the unofficial price at which the shares are traded in the unorganized market before the official listing. While GMP can give an indication of investor sentiment, it is important to remember that it is not a guaranteed indicator of the share price after listing.
How to Check Sahaj Solar IPO Allotment Status
Investors can check their allotment status through the following methods:
- NSE Website: Visit the National Stock Exchange (NSE) website and look for the IPO section. You will need your application number and PAN number to check the allotment status.
- IPO Registrar Website: The IPO registrar for Sahaj Solar is Kfin Technologies. You can visit their website and follow the instructions to check the allotment status.
If you are allotted shares, the shares will be credited to your demat account on July 18, 2024. If you are not allotted shares, the refund will also be initiated on the same day.
Sahaj Solar IPO Expected Listing
The shares of Sahaj Solar are expected to be listed on the NSE SME platform on July 19, 2024.
Investors should do their own research or talk to a financial advisor before making investment decisions.