New Delhi: Sahaj Solar SME IPO has proven to be a big hit among investors. Monday, July 15, 2024 is the last day of bidding for the Rs 52 crore public issue of the renewable energy company, Sahaj Solar Ltd. Recently, there has been a lot of craze for green energy companies that rolled out IPOs in the SME segment. Such corporates have received massive subscriptions from investors. Sahaj Solar Ltd is also one such Small and Medium Enterprise (SME) which has hogged the limelight. Sahaj Solar IPO GMP today has increased too. Sahaj Solar IPO subscription status has too has been just impressive.
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Stock market analyst Santosh Singh has advised that retail investors can apply for the SME IPO. Advocating his subscription rating on the ongoing public issue, Singh said to Money9, “Considering government’s impetus on renewable energy, this firm is expected to benefit exponentially in coming times.” Highlighting strong fundamentals of the solar panel manufacturer of Sahaj Solar Ltd, Singh also said, “The corporate is fundamentally sound, it has 12 per cent Ebitda margin, 6.5 per cent PAT margin.”
Sahaj Solar IPO GMP today
Ambey Laboratories IPO GMP today stood at Rs 240, according to Investor Gain. The company’s stock’s latest grey market premium and Sahaj Solar IPO price band upper limit of Rs 180 indicate that the shares are expected to list comfortably with 90 per cent gains on the NSE SME. Albeit, GMP cannot be considered as an official number.
Sahaj Solar IPO Subscription Status
According to Chittorgarh, the Sahaj Solar IPO Subscription Status had reached massive 98 times by the end of day two on July 12. Sahaj Solar IPO retail subscription status stood 156X the alloted size. The Non Institutional Investors’ (NIIs) category was oversubscribed huge 94 times the alloted size. Retail investors can bid for a minimum of 800 shares in a single lot and in multiples thereof. At the Sahaj Solar IPO price band lower limit of Rs 171, retail investors will have to invest a minimum of Rs 1.36 lakh.
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Sahaj Solar IPO Allotment Date
Sahaj Solar IPO allotment is expected on July 16, 2024. The shares are expected to be credited to the demat accounts of eligible investors on July 17, and are likely to be listed on July 19 on the NSE SME.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Sahaj Solar IPO GMP today and subscription status are impressive! Stock market analyst Santosh Singh has advised that retail investors can apply for the SME IPO. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
