AhaSolar Technologies Limited IPO: Invest in Renewable Energy Future
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Ahasolar Technologies Limited is a solar module manufacturing company headquartered in Ahmedabad, Gujarat. The company was founded in 2014 and has since become one of the leading solar module manufacturers in India. Ahasolar's products are sold in India and exported to over 20 countries worldwide.
The company is planning to raise ₹12.85 crores through its initial public offering (IPO). The IPO consists of 818,400 equity shares of face value ₹10 each. The issue price has been fixed at ₹157 per share. The IPO will open for subscription on July 10, 2023 and close on July 13, 2023.
The proceeds from the IPO will be used to fund the company's expansion plans, including the setting up of new manufacturing facilities and the development of new products. The company also plans to use the proceeds to repay debt and for general corporate purposes.
The IPO is being managed by Kfin Technologies Limited. The shares are proposed to be listed on the BSE SME Exchange.
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