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Ahasolar Technologies Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Ahasolar Technologies Ltd IPO

Registered Office: #207Kalasagar Shop Hub opp sai,baba temp,Satt Cro rd,Ghatlodi , Ahmedabad - 380061 , Gujarat , India.
Phone : 91-079-40394029   Fax:
Email :  compliance@ahasolar.in  
Website :  www.ahasolar.in
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 to (Rs)0.67 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 7,76,000 equity shares of face value of (Rs)10/- each at a price of (Rs)157/- per equity share including a share premium of (Rs)147/- per equity share aggregating to (Rs)12.18 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.55% and 25.18% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs)10/- each and the issue price is (Rs)157/- the issue price is 15.7 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
10-Jul-23 13-Jul-23 (Rs)157.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :800  Further Multiples of :800

  (Rs Cr) Lead Managers to the Issue
Project Cost 11.83
Beeline Capital Advisors Pvt Ltd
Project Financed through Current Offer 12.85  
Post Issue Equity Share Capital 3.08  
Issue Price (Rs)157.00  
 
Projects
Development of Solar PV PlantTo meet working capital requirements
Setting up of Electric Vehicle Charging InfrastructureGeneral corporate purposes
Purchase of Electric Vehicles
Promoted By
Piyushkumar Vasantlal Bhatt  
Pulkit Dhingra  
Shatrughan Harinarayan Yadav  
Listing At
BSE - SME 
Registrar to the Issue
KFin Techologies Ltd