Sahaj Solar IPO Shines on Debut, Launches at a 90% Premium at ₹342 on NSE SME!Sahaj Solar IPO Shines on Debut, Launches at a 90% Premium at ₹342 on NSE SME!

Sahaj Solar made a stellar debut on the NSE SME platform, opening at Rs 342, which is a 90% premium over the initial issue price of Rs 180. This impressive listing showcases strong investor enthusiasm for the company’s shares.

The Sahaj Solar IPO, priced between ₹171 and ₹180 per share with a face value of ₹10, opened for subscription from July 11 to July 15. On the final day, the offering was oversubscribed by 507.21 times, with a minimum lot of eight hundred shares.

Sahaj Solar Limited, a seasoned player with nearly a decade in the industry, manufactures high-efficiency PV Modules and offers solar pumping systems and comprehensive EPC services. The company supports rural development with products like solar mobile trolleys and systems that help farmers under the PM KUSUM scheme, enhancing their incomes through sustainable energy solutions.

Sahaj Solar Ltd IPO aims to fund FY 2024-25 working capital needs of INR 39.42 crores and support growth. Remaining funds will cover general corporate expenses like salaries and administrative costs.