Sahaj Solar Ltd IPO

Sahaj Solar Limited is a renewable energy solution provider based in Gujarat, India. Established in 2010 as Sahaj Solar Private Limited, the company transitioned to a public limited company in 2023. Sahaj Solar specializes in three key areas: manufacturing photovoltaic (PV) modules, providing solar water pumping systems, and offering engineering, procurement, and construction (EPC) services.

The company’s PV module manufacturing plant in Bavla, Ahmedabad, boasts a capacity of 100 MW. This facility produces high-quality, affordable solar panels using advanced crystalline photovoltaic technology. These panels, sold under the brand name “SAHAJ,” are available in both mono and polycrystalline variants, ensuring efficiency and reliability for various solar projects.

Sahaj Solar also excels in providing solar water pumping systems. These systems convert solar energy into electricity, powering motors, and pumps to extract water from various sources such as borewells, rivers, lakes, or ponds. This technology supports farmers by enabling year-round crop production, independent of grid power, aligning with government initiatives like the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM KUSUM) scheme.

In addition to manufacturing and solar water pumping solutions, Sahaj Solar offers comprehensive EPC services. These services encompass the design, supply, installation, testing, commissioning, and maintenance of solar projects, ranging from small domestic installations to large-scale solar power plants.

The company holds several industry certifications, including ISO 9001:2015 and CE – 2010, underscoring its commitment to quality. With a strong presence across India, Sahaj Solar serves both government and private clients, contributing significantly to the country’s renewable energy landscape.

Sahaj Solar Ltd IPO Strengths

• Significant experience in solar panel manufacturing and EPC services.
• State-of-the-art manufacturing facility for high-quality solar panels.
• Located in Gujarat, one of India’s highest solar consumption zones, Sahaj Solar Limited benefits from locational advantages for supply and distribution.
• Follows strict international and national quality standards.
• India’s increasing energy demand and government renewable energy targets provide a fertile ground for growth.
• Experienced management and project teams with proven track records.

Sahaj Solar Ltd IPO Risks

• Could face penalties for past regulatory non-compliance issues.
• Leased office may cause potential relocation disruptions.
• Heavy reliance on key customers may impact revenue stability.Dependency on key suppliers poses procurement risks.
• Dependency on key suppliers poses procurement risks.
• Single manufacturing facility increases operational disruption vulnerability.
• Dependence on government subsidies risks potential revenue reduction.