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 Service
- Solar Marketplace
- Solar Advisory and Consultancy Service
The 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 Helper
- AHA! Rooftop Solar Helper (Pro)
Ahasolar Technologies Ltd Stock Quote & Charts
₹246.65
11.70 (4.98%)
- Open: ₹246.65
- High – Low: ₹246.65 – ₹246.65
- Previous Close: ₹234.95
- Total Traded Value: 12,800
- 52 Weeks High: ₹246.65 (Jul 26, 2023)
- 52 Weeks Low: ₹203.00 (Jul 21, 2023)
- Updated On: Jul 26, 2023 4:00 PM
Ahasolar Technologies IPO Details
| IPO Date | Jul 10, 2023 to Jul 13, 2023 |
| Listing Date | Jul 21, 2023 |
| Face Value | ₹10 per share |
| Price | ₹157 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 818,400 shares (aggregating up to ₹12.85 Cr) |
| Fresh Issue | 818,400 shares (aggregating up to ₹12.85 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,263,888 |
| Share holding post issue | 3,082,288 |
| Market Maker portion | 42,400 shares Sunflower Broking |
Ahasolar Technologies IPO Reservation
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 42,400 (5.18%) |
| Other Shares Offered | 388,000 (47.41%) |
| Retail Shares Offered | 388,000 (47.41%) |
| Total Shares Offered | 818,400 (100%) |
Ahasolar Technologies IPO Timetable (Tentative)
Ahasolar Technologies IPO opens on Jul 10, 2023, and closes on Jul 13, 2023.
| IPO Open Date | Monday, 10 July 2023 |
| IPO Close Date | Thursday, 13 July 2023 |
| Basis of Allotment | Tuesday, 18 July 2023 |
| Initiation of Refunds | Wednesday, 19 July 2023 |
| Credit of Shares to Demat | Thursday, 20 July 2023 |
| Listing Date | Friday, 21 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 13, 2023 |
Ahasolar Technologies IPO Lot Size
The Ahasolar Technologies IPO lot size is 800 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹125,600 |
| Retail (Max) | 1 | 800 | ₹125,600 |
| HNI (Min) | 2 | 1,600 | ₹251,200 |
| Lot Size Calculator |
Ahasolar Technologies IPO Promoter Holding
Mr. Piyushkumar Vasantlal Bhatt, Mr. Pulkit Dhingra, Mr. Shatrughan Harinarayan Yadav and Mr. Vipin Sharma are the Promoters of the Company.
| Pre Issue Share Holding | 50.31% |
| Post Issue Share Holding | 36.95% |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 138.63 | 128.70 | 2.07 | 2.16 | 1.16 | 23.04 |
| 31-Mar-21 | 85.47 | 187.73 | 7.91 | 10.08 | 9.08 | 24.24 |
| 31-Mar-22 | 237.37 | 1,714.64 | 68.63 | 78.71 | 77.71 | 58.18 |
| 31-Mar-23 | 525.56 | 2,105.16 | 176.38 | 405.07 | 178.69 | 0.00 |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 27.45 |
| Market Cap (₹ Cr.) | 48.39 |
| ROE | 72.92% |
| ROCE | 63.53% |
| EPS (Rs) | 7.94 |
| RoNW | 43.54% |
Check Ahasolar Technologies IPO Peer Comparison here.
Objects of the Issue
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- 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 (May apply)
[Dilip Davda] The company claims to enjoy a virtual monopoly in the solar energy-related digitized service aspects providing all services under one roof. After teething problems for FY20, and FY21, it has succeeded in its service offerings and is now on a fast-forward mode as represented in its FY22 and FY23 performance. The management is confident of maintaining the trends in the future. A small equity base post-IPO indicates longer gestation for migration to the mainboard. Though the issue appears aggressively priced discounting near-term positives, well-informed investors may consider parking funds for medium to long-term rewards. Read detail review…
Ahasolar Technologies IPO Subscription Status (Bidding Detail)
The Ahasolar Technologies IPO is subscribed 34.79 times on Jul 13, 2023 7:02:00 PM. The public issue subscribed 46.18 times in the retail category, times in the QIB category, and 23.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 23.37 |
| Retail | 46.18 |
| Total | 34.79 |
Total Application : 24,264 (50.03 times)
Ahasolar Technologies IPO Prospectus
Ahasolar Technologies IPO Listing Details
| Listing Date | Jul 21, 2023 |
| BSE Script Code | 543941 |
| NSE Symbol | |
| ISIN | INE0NEV01011 |
| Final Issue Price | ₹157 per share |
Listing Day Trading Information
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹157.00 |
| ₹203.00 |
| ₹203.00 |
| ₹213.15 |
| ₹213.15 |
Company Contact Information
Ahasolar Technologies Limited
Office No. 207, Kalasagar Shopping Hub,
Opp. Saibaba Temple, Sattadhar Cross Road,
Ghatlodiya, Ahmedabad– 380061
Phone: 079-40394029
Email: compliance@ahasolar.in
Website: http://www.ahasolar.in/
Ahasolar Technologies IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ahasolar.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/