Ahasolar Technologies Limited

Company Name	Ahasolar Technologies Limited
Open Date	10-07-2023
Close Date	13-07-2023
Exchange	BSE SME
Lot Size	800 Shares
Issue Price	₹ 157 per share
Issue Size	8,18,400
Application Amount	1,25,600
Recommendation	Risk_Averse - Should Wait Risk_Seekers - Should Apply

AhaSolar Technologies Limited was incorporated on July 28, 2017. The Company is engaged in the business of CleanTech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy. The company does this through multiple digital solutions and advisory in the field of renewable energy. The company is a DPIIT recognised startup and registered vide registration no. DIPP34701. The core idea of Ahasolar to work in the space of Climate Change, Renewable and Digital space. The company’s primary focus in renewable energy has been in solar industry and to cater it the company developed an AI based intelligent Solar Digital Platform. The company has developed Software as a Service (SaaS) products for solar companies to streamline the processes, design PV, do project management and monitor generation alongwith an integrated Marketplace to connect the demand & supply digitally.

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Summary of Financials (All financials in Lakh)

For the Period Ended	Mar-21	Mar-22	Mar-23
Total Assets	85.47	237.37	525.56
Net Assets	10.08	78.71	405.08
Total Borrowings	24.24	58.18	-
Total Revenue	187.73	1,714.64	2,105.16
Profit After Tax	7.91	68.63	176.38

Tentative Timeline

Opening Date	10-07-2023
Closing Date	13-07-2023
Basis of Allotment	18-07-2023
Initiation of Refunds	19-07-2023
Credit of Shares to Demat	20-07-2023
Listing Date	21-07-2023

Objects of the Issue

Development of Solar PV Plant.

Setting up of Electric Vehicle Charging Infrastructure.

Purchase of Electric Vehicle.

To meet Working Capital Requirements.

General Corporate Purpose.

To meet Public Issue Expenses.

Contact Information

Registered Office	Ahasolar Technologies Limited Office No. 207, Kalasagar Shopping Hub, Opp. Saibaba Temple, Sattadhar Cross Road, Ghatlodiya, Ahmedabad– 380061
Phone	079-40394029
Email	compliance@ahasolar.in
Website	http://www.ahasolar.in/

IPO Reservation

Anchor Investor Shares Offered	-
Market Maker Shares Offered	42,400 (5.18%)
Other Shares Offered	3,88,000 (47.41%)
Retail Shares Offered	3,88,000 (47.41%)
Total Shares Offered	8,18,400 (100%)

Shareholding Pattern

Pre Issue Share Holding	50.31%
Post Issue Share Holding	36.95%