Sahaj Solar IPO Review

Sahaj Solar Limited launches an IPO with 29,20,000 shares worth INR 52.56 crores to meet working capital needs and general corporate purposes.

Important Details

Open Date : July 11, 2024  Close Date : July 15, 2024 Allotment Date: July 16, 2024 Listing Date: July 19, 2024

Important Details

IPO Price: INR 171-180 per share Lot Size: 800 Shares Total Issue Size: INR 52.56 crores

Fundamental Analysis

Sahaj Solar Ltd IPO analysis shows mixed performance: 1. Revenue surged. 2. Equity, liabilities grew. 3. Profitability, EPS rose. 4. RoNW improved, Total assets increased. 5. Efficient inventory turnover.

Peer Comparison

Sahaj Solar Limited lags in revenue and financial ratios compared to Shakti Pumps, Zodiac Energy, Solex Energy, suggesting potential for growth in profitability, returns, and liquidity.


The main objective of Sahaj Solar Limited is to fulfill working capital requirements.

Risks And Challenges

Sahaj Solar Ltd IPO risks: 1. Regulatory risks in loan transactions. 2. Reliance on critical suppliers without contracts. 3. Single facility in Bavla vulnerable to disruptions. 4. Risks from machinery, power, unrest, compliance.