Ahasolar Technologies Ltd - IPO

Ahasolar Technologies Ltd IPO Details

Public issue of 8,18,400 equity shares of face value of Rs. 10/- each of Ahasolar Technologies Limited (ATL or the Company or the Issuer) for cash at a price of Rs. 157/- per equity share including a share premium of Rs. 147/- per equity share (the Issue Price) aggregating to Rs. 12.85 crores (The Issue), of which 42,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 157/- per equity share including a share premium of Rs. 147/- per equity share aggregating to Rs. 0.67 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 7,76,000 equity shares of face value of Rs. 10/- each at a price of Rs. 157/- per equity share including a share premium of Rs. 147/- per equity share aggregating to Rs. 12.18 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.55% and 25.18% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is Rs. 157/- the issue price is 15.7 times of the face value.

Objective of issue

Development of Solar PV Plant. Setting up of Electric Vehicle Charging Infrastructure. Purchase of Electric Vehicles. To meet working capital requirements. General corporate purposes.

Ahasolar Technologies Ltd Contact Details

Ahasolar Technologies Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - compliance@ahasolar.in

Website - www.ahasolar.in