Ahasolar Technologies Limited IPO : Key Details

Ahasolar Technologies Limited IPO is set to launch on 10 July 2023. The company initiated its business operations in the year 2017. It is involved in the business of CleanTech enabling Energy Transition through Digital Transformation and empowering the users for using the renewable source of energy.

The company makes the process of selling, managing, procuring and designing solar PV systems simpler and easier. The entire business of the company is divided into 3 segments namely Solar Marketplace, Solar Software Service and Solar Advisory and Consultancy Services.

Its products are sold under 2 brand names :-

–       AHA! Rooftop Solar Helper

–       AHA! Rooftop Solar Helper (Pro)

Ahasolar Technologies Limited IPO DETAILS

Ahasolar Technologies Limited IPO is set to launch on 10 July 2023. The subscription timeline extends till 13 July, 2023. The size for the IPO is 12.84 Crore Rs. Shares issued through fresh issue mode are worth 12.84 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 800 shares and the price is 157 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is KFin Technologies Limited.

Tabular Description of Ahasolar Technologies Limited IPO

IPO OPENING DATE	10 July, 2023
CLOSING DATE FOR IPO	13 July, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	157 Rs per share
LOT SIZE	800 shares
MINIMUM ORDER QUANTITY	800 shares
ISSUE SIZE	12.84 Crore Rs.
OFFER FOR SALE	No share offered through Offer for sale mode
FRESH ISSUE	12.84 Crore Rs.
LISTING AT	BSE SME
LISTING DATE	21 July, 2023

Ahasolar Technologies Limited IPO : IMPORTANT DATES

IPO OPENING DATE	10 July, 2023
CLOSING DATE FOR IPO	13 July, 2023
IPO ALLOTMENT DATE	18 July, 2023
REFUNDS	19 July, 2023
DEMAT A/C CREDITED ON	20 July, 2023
IPO LISTING DATE	21 July, 2023

Ahasolar Technologies Limited IPO begins for subscription from 10 July 2023. The IPO subscription would continue till 13 July, 2023. The allotment status for the shareholders who applied would come on 18 July, 2023. The refunds for the ones who did not get allotment would be initiated on 19 July, 2023. The DEMAT accounts of shareholders would be credited on 20 July, 2023. The listing of the company would be completed on 21 July, 2023.

Ahasolar Technologies Limited IPO : Lead Managers

The lead managers are :

•         Beeline Capital Advisors Private Limited.

The minimum lot size for the company is decided at 800 shares. This holding accounts to 125600 Rs.. The maximum lot size is decided at 1600 shares (HNI). This amounts to 251200 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	800 shares	125200 Rs.
Maximum	1600 shares	251600 Rs.

OBJECTIVES FOR THE IPO

•         IPO proceeds would be used for general corporate purposes.
•         The company will use the IPO money for further working capital requirements.
•         The IPO money will be used for purchase of Electric Vehicles, Development of Solar Plants and Setting up Electric Vehicle Charging Infrastructure etc.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2019-20	2020-21	2021-22
ASSETS	138	85	237
Revenue	128	187	1714
PAT	2.07	7.9	68.6

Ahasolar Technologies Limited had an asset base of 138 Lakh Rs in 2020 which decreased to 85 Lakh Rs in 2021. However the assets of the frim increased to 237 Lakh Rs in 2022. The revenue of the firm was 128 Lakh Rs in 2020 which increased to 187 Lakh Rs in 2021 and 1714 Lakh Rs in 2022. Thus it can be seen that the revenue of the firm increased almost 1000 Lakh Rs in 2022. The profit of the frim was 2.07 Lakh Rs in 2020 which increased to 7.9 Lakh Rs in 2021 and 68.6 Lakh Rs in 2022.

PROS

• The company makes the process of selling, managing, procuring and designing solar PV systems simpler and easier.
• The entire business of the company is divided into 3 segments namely Solar Marketplace, Solar Software Service and Solar Advisory and Consultancy Services.
• Its products are sold under 2 brand names :- AHA! Rooftop Solar Helper and AHA! Rooftop Solar Helper (Pro).

CONS

• The company works in a highly competitive Segment.

Ahasolar Technologies Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the Ahasolar Technologies Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.