Sahaj Solar Ltd IPO

Well positioned solar PV module manufacturer in India to capture industry tailwinds and growthprospects for solar energy in India.

Diversified base of customers with a large order book.

Advanced manufacturing facilities with global accreditations.

Extensive pan-India retail network.

Experienced Promoter and management team with strong industry expertise and successful trackrecord.

Well versed and equipped with advance technology.

Quality Assurance & Control.

The Company had advanced a loan to a body corporate where the directors of the Companywere interested, in the past, which may attract the penalties or regulatory actions.

Its Registered Office from where the company operates is not owned by it.

The Company is dependent on few numbers of customers for sales. Loss of any of this largecustomer may affect its revenues and profitability.

The company highly depends on its major raw materials and a few key suppliers who help it procure the same. The Company has not entered into long-term agreements with its suppliers for supply of raw materials. In the event the company is unable to procure adequate amounts of raw materials, at competitive prices its business, results of operations and financial condition may be adversely affected.

The company has only one Manufacturing Facility, continued operations of its manufacturing facility is critical to its business and any disruption in the operation of the companys manufacturing facility may have a material adverse effect on its business, results of operations and financial condition.

Its failures to perform in accordance with the standards prescribed in work order of its clientcould result in loss of business or payment of liquidated damages.

The company conduct its business activities on a purchase order basis and therefore, have not entered into long-term agreements with its customers.

The company is engaged in assembling of solar water pumping system and customers receivessubsidy from State/Central Government. Any reduction or discontinuation of such subsidy willresults in reduction in number of potential consumers.

Its business activities are exposed to fluctuations in the prices of raw materials.

The company has experienced negative cash flows in the past. Any such negative cash flows in the future could affect its business, results of operations and prospects.