IPO Issue Details
Issue Price / Price Band₹157 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size800 Shares per Lot
Total Issue Size8,18,400 shares (aggregating up to ₹12.85 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 10 Jul 2023
Subscription CloseThu, 13 Jul 2023
Anchor AllotmentSun, 09 Jul 2023
Basis of AllotmentTue, 18 Jul 2023
Initiation of RefundsWed, 19 Jul 2023
Credit of Shares to DematThu, 20 Jul 2023
Listing DateFri, 21 Jul 2023
UPI Mandate Deadline2023-07-13
Application & Investment Details
Retail — Min (1 Lots)₹1,25,600 — 800 shares
Retail — Max (13 Lots)₹1,632,800 (13 Lots)
HNI — Min (2 Lots)₹2,51,200 — 1,600 shares
EPS (Pre-IPO)₹7.94
P/E Ratio (Pre-IPO)27.45x
Net Offer to Public7,76,000 shares (aggregating up to ₹12.18 Cr)
Reserved for Market Maker42,400 shares (aggregating up to ₹0.6657 Cr)
Pre-IPO Promoter Holding22,63,888 shares
Post-IPO Promoter Holding30,82,288 shares
About Ahasolar Technologies Ltd
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.With their passion for solar energy and the desire to help stakeholders like solar companies and the government change the world for the better, Ahasolar is making the process of managing, selling, designing, and procuring solar PV systems easier and simpler.The business of the company can be divided into the following segments:Solar Software ServiceSolar MarketplaceSolar Advisory and Consultancy ServiceThe entity has been working with multiple national, international, government, and private companies towards enabling them to accelerate the adoption of solar through solutions offered by Ahasolar. Ahasolar Technologies Limited is also involved in the business of Advisory for sustainable development and energy transition to renewables.The products of Ahasolar Technologies are offered under the names:AHA! Rooftop Solar HelperAHA! Rooftop Solar Helper (Pro)
Objects of the Issue
Ahasolar Technologies Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Development of Solar PV Plant
7.05
2
Setting up of Electric Vehicle Charging Infrastructure
0.33
3
Purchase of Electric Vehicle
0.09
4
To Meet Working Capital Requirements
2.40
5
General Corporate Purpose
1.96
Shareholding & Lock-in
Pre-IPO Promoter Holding
22,63,888 shares
Post-IPO Promoter Holding
30,82,288 shares