31 Mar 2020
Assets1.39
Total Income1.29
Profit After Tax0.02
NET Worth0.02
Reserves and Surplus0.01
Total Borrowing0.23
At a glance
Updated 2026-09-16The shares listed at ₹203.00, a 29.30% move from the issue price. Ahasolar Technologies is a SME IPO with an issue size of ₹12.85 crore, proposed for listing on BSE SME. The offer opens on 10th Jul 2023 and closes on 13th Jul 2023. The issue structure includes a fresh issue of ₹12.18 crore. The current listing schedule points to 21st Jul 2023.
Issue details
Listing atBSE SME
Issue typeFixed Price Issue
Issue size₹12.85 Cr
Fresh issue₹12.18 Cr
Face value₹10
Price band—–—
Allotment18th Jul 2023
Listing21st Jul 2023
Listing performance
Full performance ↗Issue price₹157.00
Listing price₹203.00
Current price—
Listing gain29.30%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹12.00
GMP / upper priceNO DATA
Est. listing₹169.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens10th Jul 2023
Closes13th Jul 2023
Allotment18th Jul 2023
Refund19th Jul 2023
Demat20th Jul 2023
Listing21st Jul 2023
Subscription demand
Full bidding ↗Total34.78×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 800 | — |
Company
Incorporated2017
Use of proceeds
| Object | Amount |
|---|---|
| Development of Solar PV Plant | ₹7.05 Cr |
| Setting up of Electric Vehicle Charging Infrastructure | ₹0.33 Cr |
| Purchase of Electric Vehicle | ₹0.09 Cr |
| To Meet Working Capital Requirements | ₹2.40 Cr |
| General Corporate Purpose | ₹1.96 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue21.05₹ Cr · +22.7% vs prior year
PAT1.76₹ Cr · +155.1% vs prior year
Assets5.26₹ Cr · +121.9% vs prior year
Net Worth4.05₹ Cr · +412.7% vs prior year
Borrowing0.00₹ Cr · -100.0% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2021
Assets0.85
Total Income1.88
Profit After Tax0.08
NET Worth0.10
Reserves and Surplus0.09
Total Borrowing0.24
31 Mar 2022
Assets2.37
Total Income17.15
Profit After Tax0.69
NET Worth0.79
Reserves and Surplus0.78
Total Borrowing0.58
31 Mar 2023
Assets5.26
Total Income21.05
Profit After Tax1.76
NET Worth4.05
Reserves and Surplus1.79
Total Borrowing0.00
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| RoNW |
| PAT Margin |
Valuation & shareholding
Pre-IPO EPS7.94
Pre-IPO P/E27.45
Promoter holding pre50.31%
Promoter holding post36.95%
Market cap₹48.39 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Ahasolar Technologies IPO | — | 27.45 x | — | — |
| Australian Premium IPO | — | 31.40 x | — | — |
| Oriana Power IPO | — | 20.70 x | — | — |
| Insolation Energy IPO | — | 11.41 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Lead Manger Fees including Underwriting Commission | ₹0.84 Cr |
| Fees Payable to Registrar to the Issue | ₹0.00 Cr |
| Fees Payable Advertising, Marketing Expenses and Printing Expenses | ₹0.05 Cr |
| Fees Payable to Regulators including Stock Exchanges and other Intermediaries | ₹0.03 Cr |
| Fees payable to Peer Review Auditor | ₹0.02 Cr |
| Fees Payable to Market Maker (for Two Years) | ₹0.08 Cr |
| Escrow Bank Fees | ₹0.01 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Beeline Capital Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-16.
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