Sahaj Solar IPO Allotment: A Step-by-Step Guide for Investors

As the subscription period for Sahaj Solar Ltd’s initial public offering (IPO) has come to a close, investors are eagerly awaiting the allotment results. The company, a leading provider of renewable energy solutions, received an overwhelming response from investors, with the IPO being subscribed 507.21 times. In this article, we will guide you through the process of checking your Sahaj Solar IPO allotment status and provide an update on the grey market premium and estimated listing price.

Sahaj Solar IPO Allotment Date and Timeline

The Sahaj Solar IPO opened on July 11 and closed on July 15. The allotment is expected to be finalized today, July 16, and the company will credit the shares into the demat accounts of eligible investors on July 18. Refunds will be initiated for unsuccessful bidders on the same day.

How to Check Sahaj Solar IPO Allotment Status

Investors can check their allotment status online through the NSE website or the official portal of IPO registrar, Kfin Technologies. Here are the simple steps to follow:

1. Visit the IPO Registrar website at https://kosmic.kfintech.com/ipostatus/
2. Select Sahaj Solar Limited from the ‘Select IPO’ dropdown menu
3. Choose among Application No, Demat Account, or PAN
4. Enter the required details as per the option selected
5. Enter the Captcha code and click on ‘Submit’
6. Your Sahaj Solar IPO allotment status will be displayed on the screen

Sahaj Solar IPO Grey Market Premium

Sahaj Solar IPO shares are trading at a premium in the unlisted market, with the grey market premium (GMP) standing at ₹240 per share. This indicates that the shares are commanding a robust premium of 133.33% to the IPO price of ₹180 per share. However, considering the NSE’s price control cap of 90% on SME IPO’s listing price, the equity shares of Sahaj Solar may list at ₹342 apiece.

Sahaj Solar IPO Subscription Details

The IPO was subscribed 535.03 times in the retail category, 214.27 times in the Qualified Institutional Buyers (QIB) category, and 862.35 times in the Non-Institutional Investors (NII) category. The public issue received bids for 98.88 crore equity shares as against 19.49 lakh shares on offer.

Sahaj Solar IPO Details

The IPO commenced for subscription on July 11 and concluded on July 15. The allotment is expected to be finalized today, July 16, and the IPO listing date is July 19. Sahaj Solar shares will be listed on NSE SME. The IPO price band was set at ₹171 to ₹180 per share, and the company raised ₹52.56 crore from the book-built issue, which was entirely a fresh issue of 29.2 lakh shares.

Company Profile

Sahaj Solar is a provider of renewable energy solutions. The company proposes to utilize the IPO proceeds for working capital requirements and general corporate purposes.

Conclusion

With the allotment expected to be finalized today, investors are advised to check their status online through the IPO Registrar website or the NSE website. The company’s shares are trading at a premium in the unlisted market, indicating a strong demand for the IPO. As the listing date approaches, investors can expect the shares to list at a price of ₹342 apiece, subject to the NSE’s price control cap.

Historical Context:

The article discusses the initial public offering (IPO) of Sahaj Solar Ltd, a leading provider of renewable energy solutions, which received an overwhelming response from investors. The IPO was subscribed 507.21 times, indicating strong demand for the company’s shares. The article provides a step-by-step guide for investors to check their allotment status and updates on the grey market premium and estimated listing price.

Summary in Bullet Points:

• Sahaj Solar Ltd’s IPO subscription period closed on July 15, and the allotment is expected to be finalized on July 16. • Investors can check their allotment status online through the NSE website or the official portal of IPO registrar, Kfin Technologies. • The IPO was subscribed 507.21 times, with the retail category being subscribed 535.03 times, QIB category 214.27 times, and NII category 862.35 times. • The grey market premium (GMP) for Sahaj Solar IPO shares stands at ₹240 per share, indicating a premium of 133.33% to the IPO price of ₹180 per share. • The equity shares of Sahaj Solar may list at ₹342 apiece, subject to the NSE’s price control cap of 90% on SME IPO’s listing price. • The IPO commenced on July 11 and concluded on July 15, with the allotment expected to be finalized on July 16 and the IPO listing date set for July 19. • Sahaj Solar shares will be listed on NSE SME, and the company raised ₹52.56 crore from the book-built issue, which was entirely a fresh issue of 29.2 lakh shares. • The company proposes to utilize the IPO proceeds for working capital requirements and general corporate purposes. • Investors are advised to check their allotment status online and can expect the shares to list at a price of ₹342 apiece, subject to the NSE’s price control cap.