Solarium Green IPO opens for subscription on February 6, 2025 and closes on February 10, 2025. The allotment for the Solarium Green IPO is expected to be finalised on Tuesday, February 11, 2025. Incorporated in 2015, Solarium Green Energy Limited is engaged in the business of Solar Solutions. The company provides turnkey solar solutions, including design, engineering, procurement, construction, testing, commissioning, transmission systems, and Operation & Maintenance for residential, commercial, industrial, and government solar projects. In this blog, we’ll uncover all the Solarium Green IPO details, financial performance, peer analysis, and risk factors.
Solarium Green IPO Important Dates
The key pointers for the Solarium Green IPO important dates are:
- Bidding Opening Date: February 6, 2025
- Bidding Closing Date: February 10, 2025
- Basis of Allotment Date: February 11, 2025
- Initiation of Refunds (in case of less or no allotment): February 12, 2025
- Shares Credited to Your Demat Account: February 12, 2025
- IPO Listing Date: February 13, 2025
- Listing on Exchange: BSE SME
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Solarium Green Energy Limited IPO Issue Size
Solarium Green IPO valuation is set at around ₹105 crores with just the fresh issue component.
Here are the important Solarium Green IPO details:
- Price Band: ₹181 – ₹191 per share
- Face Value: ₹10 per share
- Solarium Green IPO Lot Size: 600 Shares
- Issue Size and Amount: 54,99,600 shares (aggregating up to ₹105.04 Cr)
- Fresh Issue Size and Amount: 54,99,600 shares (aggregating up to ₹105.04 Cr)
Solarium Green IPO Proceeds Usage
Solarium Green Energy Limited proceeds will be used for the following purposes:
- The company aims to utilise a portion of the IPO proceeds to maintain smooth operational liquidity, manage day-to-day expenses, procure raw materials, cover employee salaries, and ensure seamless business growth without financial constraints, enhancing overall efficiency and sustainability.
- Funds will be allocated for strategic initiatives, business expansion, brand-building efforts, debt reduction, technology upgrades, and other corporate needs, strengthening financial stability and operational resilience while maximising shareholder value and long-term profitability.
Solarium Green IPO Reservations
Solarium Green IPO reservations to different investors are:
- For QIBs: Not more than 50% of the offer
- For NIIs: Not less than 15% of the offer
- For Retail Investors: Not less than 35% of the offer
Solarium Green IPO Lot Size
Solarium Green IPO lot size is 600 shares, wherein bidding can be done in further multiples. The minimum and maximum of the lot size that each category of investor can apply in this IPO are:
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 600 | ₹1,14,600 |
Retail (Max) | 1 | 600 | ₹1,14,600 |
HNI (Min) | 2 | 1,200 | ₹2,29,200 |
Solarium Green IPO Details: Promoter Holding
The current promoters of Solarium Green Energy Limited are:
- Ankit Garg
- Pankaj Vallabhbhai Gothi
Solarium Green IPO: Company Overview
Established in 2015, Solarium Green Energy Limited provides end-to-end solar energy solutions for residential, commercial, industrial and government customers. The company offers services that include assessment, design, engineering, procurement, construction, testing, commissioning, operations, and maintenance for solar projects. Solarium also supplies solar products like photovoltaic modules, inverters and meters. Over the last three years and the first half of FY24, the company has executed 11,195 residential rooftop projects, 172 Commercial and Industrial, and 17 government solar projects.
With its integrated operations, diversified portfolio and experienced management team, Solarium has built capabilities to deliver turnkey solar solutions tailored to customer needs. The upcoming IPO will support the company’s growth plans to expand manufacturing and upgrade capabilities to meet the rising domestic demand for renewable energy.
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Solarium Green Energy Limited IPO: Financial Performance
Solarium Green IPO key financials for different periods are as follows:
Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | %Change (FY24 – FY23) |
---|---|---|---|---|
Assets | 95.25 | 77.21 | 44.37 | 74% |
Revenue | 82.34 | 177.81 | 98.93 | 80% |
Profit After Tax | 7.55 | 15.59 | 1.74 | 796% |
Net Worth | 33.13 | 20.33 | 4.74 | 329% |
Reserves and Surplus | 17.78 | 17.33 | 1.74 | 896% |
Total Borrowing | 33.47 | 30.76 | 26.72 | 15% |
*(in ₹ crores)
Risk Factors in Solarium Green IPO
The company is exposed to various risk factors which can eventually affect the business and investor’s perception:
- Geographical risk: High revenue dependence on Gujarat operations
- Client risk: Potential impact on finances if some major clients are lost
- Input risk: Raw materials and parts are sourced from limited suppliers; supply issues can impact project execution
- Regulatory risk: Changes in government policies on renewables can affect operations; past policy changes forced the company to stop making certain solar modules
- Expansion risk: Growth plans dependent on raising funds from IPO; any shortfalls can constrain manufacturing and upgrade capabilities
- Execution risk: Ability to deliver integrated solar solutions dependent on the performance of in-house teams and vendors
- Competition risk: Operation in a fragmented industry with numerous regional and national players
Solarium Green IPO Details: Contact Information
For inquiries related to the Solarium Green IPO details, you can contact at the following places:
Registered Office Address: Solarium Green Energy Limited
B-1208 World Trade Tower, B/H Skoda Showroom, Makarba,
Ahmedabad 380051, Gujarat, India
Phone: +91 91065 49999
Email: investor@solariumenergy.in
Website: http://www.solariumenergy.in/
Solarium Green Energy IPO Registrar Details: Link Intime India Private Ltd
Email: solarium.smeipo@linkintime.co.in
Phone: +91 810 811 4949
For all the insights on Solarium Green IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for this IPO easily on the SMC ACE App by opening demat account now.
Frequently Asked Questions – FAQs
1. What is the lot size of Solarium Green IPO?
The lot size of Solarium Green IPO is 600 shares, amounting to ₹1,14,600.
2. What is the listing date of Solarium Green IPO?
The tentative listing date of the company called Solarium Green IPO is Thursday, February 13, 2025.
3. Who is the registrar of Solarium Green Energy Ltd IPO?
The registrar of Solarium Green Energy Limited IPO is Link Intime India Private Ltd.
4. What are the open and close dates of the Solarium Green Energy Ltd IPO?
The opening and closing dates of Solarium Green Energy Limited are 6th February to 10th February.
Author: All Content is verified by SMC Global Securities.
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