Ahasolar Technologies 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 in the field of renewable energy. Ahasolar is a DPIIT-recognized startup and registered vide registration no. DIPP34701. The core idea of AHAsolar is to work in the space of Climate Change, Renewable, and Digital space.
The company’s focus on renewable energy has been in the solar industry and to cater to it we developed an AI-based intelligent Solar Digital Platform. They have developed Software as a Service (SaaS) products for solar companies to streamline the processes, design PV, do project management, and monitor generation along with an integrated Marketplace to connect the demand & supply digitally. Apart from this, another SaaS product is for the governments to implement the distributed renewable program in their services area.
Since our inception, Ahasolar has been working with multiple national, international, government, and private companies in enabling them to accelerate the adoption of solar through our solutions. In terms of software sales, they are providing our services to Solar companies, Original Equipment Manufacturers, and governments, and in terms of advisory, they have been rendering our services to Solar EPC Companies and Corporate Consultancy Firms on Solar Project Management and Solar Plant Audits.
Objects of the Issue:
- Development of Solar PV Plant
- Setting up of Electric Vehicle Charging Infrastructure
- Purchase of Electric Vehicle
- To Meet Working Capital Requirements
- General Corporate Purpose
- To meet Public Issue Expenses
Ahasolar Technologies IPO Review
Ahasolar Technologies IPO Date & Price Band Details
| IPO Open: | July 10, 2023 |
| IPO Close: | July 13, 2023 |
| IPO Size: | Approx ₹12.85 Crores, 818,400 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹157 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Ahasolar Technologies IPO Market Lot
The Ahasolar Technologies IPO minimum market lot is 1600 shares with a ₹131,200 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹125,600 |
| Retail Maximum | 1 | 800 | ₹125,600 |
| S-HNI Minimum | 2 | 3200 | ₹251,200 |
Ahasolar Technologies IPO Dates
The Ahasolar Technologies IPO date is July 10 and the IPO close date is July 13. The IPO allotment date is July 18 and the IPO might list on July 21.
| IPO Open Date: | July 10, 2023 |
| IPO Close Date: | July 13, 2023 |
| Basis of Allotment: | July 18, 2023 |
| Refunds: | July 19, 2023 |
| Credit to Demat Account: | July 20, 2023 |
| IPO Listing Date: | July 21, 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Ahasolar Technologies IPO Form
How to apply Ahasolar Technologies IPO? You can apply Ahasolar Technologies IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Ahasolar Technologies IPO in the Invest section. The other option you can apply Ahasolar Technologies IPO via IPO forms download via the BSE website. Check out the Ahasolar Technologies forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Ahasolar Technologies Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹1.2p | ₹1.26 | ₹02.0 |
| 2021 | ₹1.88 | ₹1.77 | ₹07.91 |
| 2022 | ₹17.15 | ₹16.22 | ₹68.63 |
| 2023 9M | ₹10.02 | ₹9.60 | ₹27.10 |
Ahasolar Technologies IPO Valuation – FY2022
Check Ahasolar Technologies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.28 per Equity Share |
| Price/Earning P/E Ratio: | 4.28 |
| Return on Net Worth (RoNW): | 87.20% |
| Net Asset Value (NAV): | ₹4.91 per Equity Share |
Peer Group
- Mr. Piyushkumar Vasantlal Bhatt
- Mr. Pulkit Dhingra
- Mr. Shatrughan Harinarayan Yadav
- Mr. Vipin Sharma
Ahasolar Technologies IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://ris.kfintech.com/ipostatus/
Ahasolar Technologies IPO Allotment Status
Check Ahasolar Technologies IPO allotment status on Kfin Technologies website URL. Click Here
Ahasolar Technologies IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
Ahasolar 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/
Ahasolar Technologies IPO FAQs
What is Ahasolar Technologies IPO?
Ahasolar Technologies IPO is an BSE SME IPO. They are going to raise ₹12.85 Crores via IPO. The issue is priced at ₹157 per equity share. The IPO is to be listed on BSE.
When Ahasolar Technologies IPO will open?
What is Ahasolar Technologies IPO Investors Portion?
How to Apply the Ahasolar Technologies IPO?
How to Apply the Ahasolar Technologies IPO through Zerodha?
How to Apply the Ahasolar Technologies IPO through Upstox?
How to Apply the Ahasolar Technologies IPO through Paytm Money?
What is Ahasolar Technologies IPO Size?
What is Ahasolar Technologies IPO Price Band?
Ahasolar Technologies IPO Price Band is ₹157 per equity share.
What is Ahasolar Technologies IPO Minimum and Maximum Lot Size?
What is Ahasolar Technologies IPO Allotment Date?
What is Ahasolar Technologies IPO Listing Date?
Note: The Ahasolar Technologies IPO details are announced officially. The IPO grey market premium (Ahasolar Technologies IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)
Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on Twitter, Facebook, and Instagram. For our latest videos, subscribe to our YouTube channel.