Sahaj Solar IPO saw a strong subscription on July 15, the final day of bidding. Investors bid for 98.92 crore equity shares, which is 471.45 times higher than the offer size of 20.96 lakh equity shares. The Sahaj Solar IPO allotment status is set to be finalised today.

If you applied for the IPO, here is how you can check the Sahaj Solar IPO allotment status.

Checking Allotment Status on Registrar's Website:

Follow these steps to check the Sahaj Solar IPO allotment status

1. Visit the registrar's website.
2. Click on "Company Selection" and choose "Sahaj Solar" from the dropdown menu.
3. Then you can enter your PAN, application number, or Demat.
4. Click Submit to retrieve the Sahaj Solar IPO allotment status.

If all the details are entered correctly and the allotment has been finalised, the Sahaj Solar PO allotment status will be visible.

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Sahaj Solar IPO Subscriptions Status

According to subscription data available on the NSE, retail investors picked 535 times the allotted quota, whereas non-institutional investors bid for 862 times the portion set aside for them. Qualified institutional buyers also showed strong interest in the issue, bidding 214 times the reserved portion.

Sahaj Solar IPO GMP

The Sahaj Solar IPO GMP is currently reported at ₹240. With the upper price band of the IPO at ₹180, the stock is expected to list at ₹420, indicating a premium of around 133% on listing. However, it's crucial to remember that while GMPs can provide some insight into market sentiment towards an IPO, they are not always a reliable predictor of the stock's performance upon listing.

Sahaj Solar IPO Details

The renewable energy solutions company opened its public issue on July 11 to raise ₹52.56 crore, comprising solely a fresh issue of 29.2 lakh equity shares. The price band for the issue is set at ₹171-180 per share.

On July 10, Sahaj Solar had already mobilized ₹14.83 crore from anchor investors including Persistent Growth Fund – Varsu India Growth Story Scheme 1, CCV Emerging Opportunities Funds-I, and Acintyo Investment Fund PCC-Cell 1, at the upper price band.

The Ahmedabad-based company, which provides photovoltaic (PV) module manufacturing, solar water pumping systems, and EPC services, plans to utilize the IPO proceeds for working capital requirements and general corporate purposes. Trading in shares will commence on NSE Emerge from July 19.

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