Ahasolar Technologies Limited

Ahasolar Technologies Limited IPO Review, Date, Price, GMP

Ahasolar Technologies Limited, formerly known as Ahasolar Private Limited, is a company incorporated on July 28, 2017.

Ahasolar Technologies Limited operates in the CleanTech sector, facilitating Energy Transition through Digital Transformation and empowering stakeholders to adopt renewable energy. The company achieves this through various digital solutions and advisory services in the field of renewable energy. It is recognized as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT). The core focus of AHAsolar is to work in the domains of Climate Change, Renewable Energy, and Digital space.

Ahasolar Technologies Limited’s primary focus within the renewable energy sector is the solar industry. Ahasolar Technologies Limited has created an AI-based intelligent Solar Digital Platform as a Software as a Service (SaaS) product. This platform helps streamline processes, design photovoltaic systems, manage projects, monitor energy generation, and includes an integrated marketplace to digitally connect supply and demand. Also, the company offers another SaaS product for governments to execute distributed renewable programs in their service areas.

The main business of Ahasolar Technologies Limited can be classified as Solar Software Service, Solar Marketplace, Solar Advisory, and Consultancy Service

The promoters collectedly have more than 48 years of experience in the Renewable Energy and Information Technology industry. With their extensive experience and a vision for building an integrated solar IT solutions company, they have played a pivotal role in the growth of Ahasolar Technologies Limited, establishing a strong value system for the company. Leveraging its enriching experience and progressive thinking, the company aims to continue growing in the IT industry.

Ahasolar Technologies Limited IPO Complete Details:

IPO Date10 July 2023 to 13 July 2023
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Face Value10 Rs. Per Share
Price157 Rs.
Lot Size800
Issue Size818,400 shares (Rs.12.85 Cr)
Fresh Issue818,400 shares (Rs.12.85 Cr)
Listing Date21 July 2023

Ahasolar Technologies Limited IPO Timetable:

Opening Date10 July 2023
Closing Date13 July 2023
Allotment18 July 2023
Initiation of Refunds19 July 2023
Credit of Shares to Demat Account20 July 2023
Listing Date21 July 2023
* Date May Change

Company Financial Details:

Period EndedAssetsRevenueProfit After TaxNet WorthBorrowings
31 March 2020138.63128.702.072.1623.04
31 March 202185.47187.737.9110.0824.24
31 March 2022237.371,714.6468.6378.7158.18
31 September 2022316.691,001.5027.10135.8058.18
Amount In Lakhs

AS OF NOW, the GMP OF Ahasolar Technologies Limited is Around 15 Rs.

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