Sahaj Solar IPO Lists at 90% Premium

Very Robust listing for Sahaj Solar IPO Lists at 90% Premium on NSE Platform

Sahaj Solar had a very strong listing on 19th July 2024, listing at ₹342.00 per share, a premium of 90.00% over the issue price of ₹180 per share in the IPO. As per the modified SEBI regulation on SME IPO listing, such listing cannot happen at more than 90% premium to the IPO issue price. This is the maximum listing premium that the stock can possibly get. Here is the pre-open price discovery for the SME IPO of Sahaj Solar on the NSE.

PRE-OPEN ORDER COLLECTION SUMMARY

Data Source: NSE

Sahaj Solar IPO was a book built IPO in the price band of ₹171 to ₹180 per share. Considering the strong subscription response at over 507X and the anchor allocation being done at the upper end of the band, the price discovery of the IPO also happened at the upper end of the price band at ₹180 per share. On 19th July 2024, the stock of Sahaj Solar listed at ₹342.00 per share, a premium of 90.00% over the IPO price of ₹180.00 per share. For the day, being in the 5% circuit filter category, the upper circuit price has been set at ₹359.10 and the lower circuit price has been set at ₹324.90. 

As of 10.07 am, the volumes were 2.31 lakh shares while the turnover (value) was at ₹812 lakhs. The opening market cap of the stock stands at ₹394.51 crore. The equity shares of Sahaj Solar (Symbol: SAHAJSOLAR) shall be in Series ST (Trade for Trade Surveillance Segment (TFTS) – Settlement Type W) and subsequently be shifted to Series SM (Normal Rolling Segment – Settlement Type N). At 10.07 am, the stock is trading at ₹359.10, which is exactly 5.00% above the listing price of ₹342.00 per share and the stock is trading locked in upper circuit after a strong and robust listing on Friday. The stock of Sahaj Solar has a face value of ₹10 per share and the market lot comprises of 800 shares. The stock trades under the NSE symbol (SAHAJSOLAR) and the ISIN code for demat credits will be (INE0P4701011).