Sahaj Solar IPO share allotment likely to be finalised on July 16: Steps to check status on NSE, KFinTech

Sahaj Solar IPO saw strong investor interest on the final day of bidding on Monday, July 15. The NSE SME issue was booked 506.84 times. Investors placed bids for 98.81 crore shares against 19.49 lakh shares offered for subscription.

Demand for the public issue was driven by non-institutional investors (NIIs), as this category was subscribed 862.44 times.

The NSE SME issue was booked 534.26 times in the retail category.

The public issue was booked 214.26 times in the qualified institutional buyers (QIBs) segment. QIBs applied for more than 11.79 crore shares of Sahaj Solar compared to the 5.5 lakh shares reserved for the category.

As the subscription period ends, investors eagerly await the IPO's share allotment status to be finalised. The share allotment status of Sahaj Solar IPO is likely to be finalised by Tuesday, July 16. Once the share allotment status of the public issue is finalised, shares of Sahaj Solar will be credited into the Demat accounts of successful bidders and refunds will be initiated for unsuccessful bidders on July 18. Shares of the company are likely to be listed on the NSE, SME platform on Friday, July 19.

Investors can check the IPO share allotment status on the NSE website and registrar Kfin Technology’s websites.

Steps to check Sahaj Solar IPO share allotment status on NSE website

• Visit the NSE IPO allotment status check page using this link: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Type in your username and password (Investors need to mandatorily create a login id and password for using the NSE website)
• After logging in choose ‘Sahaj Solar IPO’ from the list
• Enter your PAN
• Enter your IPO application Number
• Click submit, and your allocation status will be shown on the screen

Steps to check Sahaj Solar IPO share allotment status on registrar's website:

• Visit the official website of IPO registrar, Kfin Technologies, at https://www.kfintech.com/
• Choose the 'IPO Allotment Status' option
• Choose any one of the 5 server links displayed on the screen
• Once you are redirected to a new page; go to the 'IPO Allotment Status' link
• Choose ‘Sahaj Solar IPO’ from the dropdown menu
• Type in any one of the following- Application Number/Demat Account/PAN.
• Enter the captcha and submit
• Your Share allotment status will be shown on the screen

Sahaj Solar IPO objective

Sahaj Solar plans to use the money raised via the public issue for funding the working capital requirements of the company and for other general corporate purposes.

About Sahaj Solar

Sahaj Solar Limited is a provider of renewable energy solutions. The company currently employs more than 64 people across different divisions, as of September 30, 2023.