Sahaj Solar IPO Allotment Likely Today: Check Latest GMP and How to View Allotment Status Online

The initial public offering (IPO) of Sahaj Solar Ltd, a renewable energy solutions provider, saw high demand from investors. Now that the subscription period is over, investors are eagerly awaiting the IPO allotment, which is expected to be finalised today.

Key Dates and Details:

• The Sahaj Solar IPO opened on July 11 and closed on July 15.
• The allotment date is today, July 16.
• Shares will be credited to the demat accounts of eligible investors on July 18, and refunds will be initiated for unsuccessful bidders on the same day.

How to Check Sahaj Solar IPO Allotment Status:

1. Visit the IPO Registrar’s website: https://kosmic.kfintech.com/ipostatus/
2. Select “Sahaj Solar Limited” from the ‘Select IPO’ dropdown menu.
3. Choose one of the options: Application No, Demat Account, or PAN.
4. Enter the details as per your selection.
5. Enter the Captcha code and click ‘Submit’.

Your allotment status will be displayed on the screen.

Sahaj Solar IPO GMP

Sahaj Solar IPO shares are trading at a strong premium in the unlisted market. The current grey market premium (GMP) is ₹240 per share. This means Sahaj Solar shares are trading ₹240 higher than the issue price in the grey market. Based on this GMP, the estimated listing price is ₹420 per share, which is a 133.33% premium over the IPO price of ₹180 per share. However, due to NSE’s price control cap of 90% on SME IPOs, Sahaj Solar shares may list at ₹342 apiece.

Sahaj Solar IPO Subscription:

• The IPO was subscribed 507.21 times in total.
• The retail category was subscribed 535.03 times.
• The Qualified Institutional Buyers (QIB) category was subscribed 214.27 times.
• The Non-Institutional Investors (NII) category was subscribed 862.35 times.

Sahaj Solar IPO Details:

• The IPO opened on July 11 and closed on July 15.
• The allotment date is expected to be finalised today, July 16.
• The IPO listing date is July 19, and shares will be listed on the NSE SME.
• The IPO price band was set at ₹171 to ₹180 per share.
• The company raised ₹52.56 crore from the book-built issue, which was entirely a fresh issue of 29.2 lakh shares.

Kunvarji Finstock Pvt Ltd is the book running lead manager, and Kfin Technologies is the IPO registrar. Sahaj Solar plans to use the IPO proceeds for working capital requirements and general corporate purposes.

The company is promoted by Pramit Brahmbhatt, Varna Brahmbhatt, and Manan Brahmbhatt.