Incorporated in 2017, Ahasolar Technologies Limited is engaged in the business of CleanTech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy.
With their passion for solar energy and the desire to help stakeholders like solar companies and the government change the world for the better, Ahasolar is making the process of managing, selling, designing, and procuring solar PV systems easier and simpler.
The business of the company can be divided into the following segments:
- Solar Software Service
- Solar Marketplace
- Solar Advisory and Consultancy Service
The entity has been working with multiple national, international, government, and private companies towards enabling them to accelerate the adoption of solar through solutions offered by Ahasolar. Ahasolar Technologies Limited is also involved in the business of Advisory for sustainable development and energy transition to renewables.
The products of Ahasolar Technologies are offered under the names:
- AHA! Rooftop Solar Helper
- AHA! Rooftop Solar Helper (Pro)
| Purpose | Amount (₹ Cr) |
|---|---|
| Development of Solar PV Plant | ₹7 |
| Setting up of Electric Vehicle Charging Infrastructure | ₹0 |
| Purchase of Electric Vehicle | ₹0 |
| To Meet Working Capital Requirements | ₹2 |
| General Corporate Purpose | ₹2 |
| Metric | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Total Assets | 526 | 237 | 85 |
| Revenue | 2,105 | 1,715 | 188 |
| PAT | 176 | 69 | 8 |
| Net Worth | 405 | 79 | 10 |
| Reserves | 179 | 78 | 9 |
| Total Borrowing | 0 | 58 | 24 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 388,000 (47%) | — |
| Retail (RII) | — | 388,000 (47%) | — |
| Market Maker | — | 42,400 (5%) | — |
| Total | — | 818,400 (100%) | — |
* Amount calculated at upper price band (₹157) · ** Total includes all investor categories
- 1 Initiation of Refund 19 Jul 2023
- 2 Credit of Shares to Demat 20 Jul 2023
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 27x reflects a moderate valuation relative to typical market ranges.
- Pre-issue EPS of ₹8.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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