Ahasolar Technologies Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Ahasolar Technol

CMP

352.00

+3.05 (0.87%)

₹157

Offer Price

₹ 12.85 Cr

Issue Size

₹ 1,25,600

Min Investment

800

Lot size

Time Line

  • 10
    Jul 2023
    Open
  • 13
    Jul 2023
    Close
  • 18
    Jul 2023
    Finalisation of Basis of Allotment
  • 19
    Jul 2023
    Initiation of Refunds
  • 19
    Jul 2023
    Transfer of Shares to Demat Account
  • 21
    Jul 2023
    Listing Date

Objects of the Offer

  • Focus on Increase in Volume of Sale.

  • Reduction of operational cost and achieving efficiency.

  • To increase brand visibility.

  • Maintaining edge over competitors.

  • Customer Satisfaction.

Products & Services

  • The Company is engaged in the business of CleanTech enabling Energy Transition through Digital Transformation.

Strengths

  • Experienced Promoters and Management Team.

  • Well-defined organizational structure.

  • Existing supplier Relationship.

  • Customer Relationship.

  • Asset Light Business Model.

Risks

  • The company do not own the premises in which its registered office and back office is located and the same is on lease arrangement. Any termination of such lease/license and/or non-renewal thereof and attachment by Property Owner could adversely affect the company operations.

  • The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.

  • Majority of the companyh revenue from operations is derived from AHA Market and its financial performance may be adversely affected by an inability to generate income from such activities.

  • One of the company business verticals is a high volume-low margin business.

  • The company business is highly dependent on technology and any disruption or failure of its technology systems may affect the company operations.

Company Promoters

Promoters Holding

Issue For IPO
13.36%
Pre Holding

50.31%

Post Holding

36.95%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 1.88 (45.70%) 17.13 (811.20%) 20.87 (21.80%)
Gross Profit 0.11 (450.00%) 0.95 (763.60%) 1.80 (89.50%)
Net Income 0.08 (300.00%) 0.69 (762.50%) 1.60 (131.90%)
Assets 0.34 (36.00%) 1.37 (302.90%) 4.13 (201.50%)
Liabilities 0.24 (4.40%) 0.58 (141.70%) 0.15 (-74.10%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Ahasolar Technologies Ltd 17.13 0.69 1.37 0.58 43.54 0.00 787.10 1.83 0.42

Book Running Managers

  • Beeline Capital Advisors Pvt Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

#207Kalasagar Shop Hub opp sai,
baba temp,Satt Cro rd,Ghatlodi,
Ahmedabad - 380061
Phone : 91-079-40394029 Email : compliance@ahasolar.in www.ahasolar.in

Offer Related Information

Public issue of 8,18,400 equity shares of face value of Rs. 10/- each of Ahasolar Technologies Limited ("ATL" or the "Company" or the "Issuer") for cash at a price of Rs. 157/- per equity share including a share premium of Rs. 147/- per equity share (the "Issue Price") aggregating to Rs. 12.85 crores ("The Issue"), of which 42,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 157/- per equity share including a share premium of Rs. 147/- per equity share aggregating... More

Ahasolar Technol FAQ's

The shares of Ahasolar Technol were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Ahasolar Technol IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Ahasolar Technol public issue was 125 shares.

The price band of the IPO of Ahasolar Technol was Rs. 114 to Rs. 120 per equity share.

Ahasolar Technol IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Ahasolar Technol IPO.

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