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Ahasolar Technologies IPO GMP, Price, Dates & Allotment Details 2023

Ahasolar Technologies IPO GMP, Price, Dates & Allotment Details 2023

Introduction

The Ahasolar Technologies IPO will open on July 10 and close on July 13, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 12.84 crores through this public offering, consisting of 8.18 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 157 per share.

Ahasolar Technologies Limited (“the Company”)

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. The company does this through multiple digital solutions and advisory services in the field of renewable energy. The company is a DPIIT-recognized startup and registered under registration no. DIPP34701. The core idea of AHAsolar is to work in the areas of Climate Change, renewable energy, and Digital technology.

Its primary focus in renewable energy has been the solar industry, and to cater to it, they developed an AI-based intelligent Solar Digital Platform. Companies have developed Software as a Service (SaaS) products for solar companies to streamline processes, design PV, do project management, and monitor generation, along with an integrated Marketplace to connect demand and supply digitally. Apart from this, another SaaS product is for governments to implement the distributed renewable program in their service areas.

Its Core business can be divided into the following categories:

  1. Solar Software Service
  2. Solar Marketplace
  3. Solar Advisory and Consultancy Service

The company is also involved in the business of providing advisory services for sustainable development and the energy transition to renewables.

Its key expertise includes:

  1. Software and Advisory on Process Management
  2. Software related to solar EPC companies for PV design, project management, procurement, monitoring, ERP, and CRM
  3. Solar Project Management
  4. Advisory on policy and regulation related to renewable energy
  5. Transactional Advisory on the Transformation of Companies, Cities, and States to Renewables
  6. E-commerce for solar products
  7. Drone Surveys
  8. Automation

Objects of the Issue,

The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:

  1. Development of a Solar PV Plant
  2. Setting up an Electric Vehicle Charging Infrastructure
  3. Purchase of an electric vehicle
  4. To Meet Working Capital Requirements
  5. General Corporate Purpose
  6. To meet Public Issue Expenses

Financial Highlights (Restated)

ParticularsThe Period ended on 30th Sep. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth13679102
Total Assets31723785139
Reserve & Surplus187891
Total Borrowings58582423
Total Revenue1,0021,715188129
Profit After Tax276982
(Amount in ₹ Lakhs)

IPO details

As per the DRHP filed with SEBI, 8.18 lakh shares will be offered as a fresh issue in the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 42,400 shares of the offering. While Beeline Capital Advisors Pvt Ltd will be the lead manager for the IPO, Kfin Technologies Limited will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.

Issue TypeFixed Price Issue IPO
IPO Price₹ 157 per share
Face Value₹ 10 per share
Market Lot800 shares
Issue Size818,400 shares (aggregating up to ₹ 12.84 crores)
Fresh Issue818,400 shares (aggregating up to ₹ 12.84 crores)
Listing AtBSE SME
Company PromotersMr. Piyushkumar Vasantlal Bhatt, Mr. Pulkit Dhingra,
Mr. Shatrughan Harinarayan Yadav and Mr. Vipin Sharma

Market Maker detail

Market maker portion42,400 shares

IPO Reservation

CategoriesNo. of shares offered
Other shares offered50% of the net issue
Retail shares offered50% of the net issue

GMP: Ahasolar Technologies IPO

GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates: Ahasolar Technologies IPO

The issue opens for subscription on July 10, 2023, and closes for subscription on July 13, 2023 (both days inclusive). The basis of allotment will be finalised on July 18, 2023, and the refunds will be initiated on July 19, 2023. In addition, the demat credits are expected to happen on July 20, 2023, and the stock will be listed on the BSE SME on July 21, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.

Opening DateJuly 10, 2023,
Closing DateJuly 13, 2023
Basis of AllotmentJuly 18, 2023
Initiation of RefundsJuly 19, 2023
A credit of shares to Demat A/cJuly 20, 2023
Listing DateJuly 21, 2023

Lot Size

The lot size of the Ahasolar Technologies IPO is 800 shares. A retail-individual investor can apply for up to 1 lot, i.e. 800 shares of ₹ 125,600.

ApplicationsLotsSharesAmount 
Retail (Minimum)1800₹ 125,600
Retail (Maximum)1800₹ 125,600
HNI (Minimum)21,600₹ 251,200

Promoters Holdings 

Pre-issue Shares Holdings50.31%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationAhasolar Technologies Limited
Office No. 207, Kalasagar Shopping Hub,Opp. Saibaba Temple,
Sattadhar Cross Road, Ghatlodiya, Ahmedabad– 380061
Phone: 079-40394029
Email: [email protected]
Website: http://www.ahasolar.in/
IPO RegistrarKfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://ris.kfintech.com/ipostatus/
IPO Lead Manager(s)Beeline Capital Advisors Pvt Ltd

FAQs

The Ahasolar Technologies IPO price is ₹ 157 per share.

The minimum investment size is one lot for retail investors. One lot of the Ahasolar Technologies IPO contains 800 shares of ₹ 125,600.

The finalisation of the basis of allotment for the Ahasolar Technologies IPO will be done on July 18, 2023, and the allotted shares will be credited to your demat account by July 20, 2023. Check the Ahasolar Technologies IPO allotment status.

The Ahasolar Technologies IPO shares listing date is July 21, 2023.

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