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 Date | 10 July 2023 to 13 July 2023 |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Face Value | 10 Rs. Per Share |
| Price | 157 Rs. |
| Lot Size | 800 |
| Issue Size | 818,400 shares (Rs.12.85 Cr) |
| Fresh Issue | 818,400 shares (Rs.12.85 Cr) |
| Listing Date | 21 July 2023 |
Ahasolar Technologies Limited IPO Timetable:
| Activity | Date* |
|---|---|
| Opening Date | 10 July 2023 |
| Closing Date | 13 July 2023 |
| Allotment | 18 July 2023 |
| Initiation of Refunds | 19 July 2023 |
| Credit of Shares to Demat Account | 20 July 2023 |
| Listing Date | 21 July 2023 |
Company Financial Details:
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Borrowings |
|---|---|---|---|---|---|
| 31 March 2020 | 138.63 | 128.70 | 2.07 | 2.16 | 23.04 |
| 31 March 2021 | 85.47 | 187.73 | 7.91 | 10.08 | 24.24 |
| 31 March 2022 | 237.37 | 1,714.64 | 68.63 | 78.71 | 58.18 |
| 31 September 2022 | 316.69 | 1,001.50 | 27.10 | 135.80 | 58.18 |
AS OF NOW, the GMP OF Ahasolar Technologies Limited is Around 15 Rs.