Ahasolar Technologies Limited will be offering equity shares through a fixed price issue as part of their upcoming Initial Public Offering (IPO). The IPO is scheduled to take place from July 10 to July 1, 32023. The issue price for each share is set at ₹157. Interested investors can place a minimum order quantity of 800 shares.
With a face value of Rs. 10, the IPO will include the sale of 818,400 shares. This offering has the potential to generate up to ₹12.85 crore in funds for Ahasolar Technologies Limited. Let’s learn more about their initial public offering scheduled for July of 2023.
About Ahasolar Technologies Limited
Ahasolar Technologies Limited, established in 2017, is a dynamic CleanTech company revolutionizing the energy sector through digital transformation. Their focus is on empowering stakeholders to embrace renewable energy solutions. Ahasolar simplifies solar management, sales, design, and procurement through innovative software services, a solar marketplace, and expert advisory. They collaborate with national and international partners, including governments and private companies, to accelerate solar adoption. Ahasolar’s products, like “AHA! Rooftop Solar Helper” and “AHA! Rooftop Solar Helper (Pro),” are reshaping the rooftop solar industry.
Ahasolar Technologies IPO Issue Details
| Issue Type | Fixed Price IPO Issue |
| Issue Opens | 10th July 2023 |
| Issue Closes | 13th July 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 157 Per Share |
| Issue Size | 818,400 Shares (Rs 12.85 crores) |
| Minimum Order Quantity | 800 Shares |
| Listing | BSE, SME |
Purpose of the Issue
The proceeds from the Fresh Issue will be used for the following purposes:
- Developing a Solar PV Plant.
- Establishing Electric Vehicle Charging Infrastructure.
- Purchasing Electric Vehicles.
- Meeting Working Capital Requirements.
- General Corporate Purposes.
- Covering Public Issue Expenses.
Ahasolar Technologies Limited — Company Contact Details
- Registered & Corporate Office: Office No. 207, Kalasagar Shopping Hub, Opp. Sai Baba Temple, Sattadhar Cross Road, Ghatlodiya, Ahmedabad– 380061
- Telephone: 079-40394029
- Website: http://www.ahasolar.in/
Ahasolar Technologies IPO – Lead Managers of the Issue
Beeline Capital Advisors Pvt Ltd
- Office Address: 807, Phoenix Tower, Opp. Girish Cold Drinks, Near Vijay Cross Road, Ahmedabad – 380009
- Telephone: 079 4840 7357
- Email: mb@beelinemb.com
Ahasolar Technologies IPO – Registrar of the Issue
Kfin Technologies Limited
- Telephone: 04067162222, 04079611000
- Email: ahasolar.ipo@kfintech.com
- Website: https://ris.kfintech.com/ipostatus/
Ahasolar Technologies Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
