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Eleganz Interiors IPO vs Solarium Green Energy IPO

Comparison between Eleganz Interiors IPO and Solarium Green Energy IPO.

IPO Details

Eleganz Interiors IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Solarium Green Energy IPO is a SME Bookbuilding proposed to list at BSE SME.

 Eleganz Interiors IPOSolarium Green Energy IPO
LogoEleganz Interiors IPO LogoSolarium Green Energy IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersVivro Financial Services Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerRikhav Securities Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Eleganz Interiors IPO is up to ₹74.15 Cr whereas the issue size of the Solarium Green Energy IPO is up to ₹99.56 Cr. The final issue price of Eleganz Interiors IPO is ₹130.00 per share and of Solarium Green Energy IPO is ₹191.00 per share.

 Eleganz Interiors IPOSolarium Green Energy IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹123.00 per share₹181.00 per share
Issue Price (Upper)₹130.00 per share₹191.00 per share
Issue Price (Final)₹130.00 per share₹191.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares600 shares
Fresh Issue Size57,04,000 shares52,12,800 shares
Fresh Issue Size (Amount)up to ₹74.15 Crup to ₹99.56 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total57,04,000 shares52,12,800 shares
Issue Size Total (Amount)up to ₹74.15 Crup to ₹99.56 Cr

IPO Timetable

Eleganz Interiors IPO opens on Feb 07, 2025, while Solarium Green Energy IPO opens on Feb 06, 2025. The closing date of Eleganz Interiors IPO and Solarium Green Energy IPO is Feb 11, 2025, and Feb 10, 2025, respectively.

 Eleganz Interiors IPOSolarium Green Energy IPO
Anchor Bid DateFeb 06, 2025Feb 05, 2025
Issue OpenFeb 07, 2025Feb 06, 2025
Issue CloseFeb 11, 2025Feb 10, 2025
Basis Of Allotment (Tentative)Feb 12, 2025Feb 11, 2025
Initiation of Refunds (Tentative)Feb 13, 2025Feb 12, 2025
Credit of Share (Tentative)Feb 13, 2025Feb 12, 2025
Listing date (Tentative)Feb 14, 2025Feb 13, 2025
Anchor Lockin End date 1Mar 14, 2025Mar 13, 2025
Anchor Lockin End date 2May 13, 2025May 12, 2025

Financials & KPIs

Eleganz Interiors IPO P/E ratio is 17.67, as compared to Solarium Green Energy IPO P/E ratio of 18.81.

 Eleganz Interiors IPOSolarium Green Energy IPO
Financials

Eleganz Interiors Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets233.99172.12116.19103.03
Total Income192.4223.09191.17155.34
Profit After Tax9.5312.2110.315.09
Net Worth70.951.3739.1628.85
Reserves and Surplus54.3136.0138.227.89
Total Borrowing31.742.828.2322.62
Amount in ₹ Crore

Solarium Green Energy Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets95.2577.2144.3731.81
Total Income82.34177.8198.93167.89
Profit After Tax7.5515.591.742.05
Net Worth33.1320.334.743
Reserves and Surplus17.7817.331.74
Total Borrowing33.4730.7626.7214.8
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.9478.50
Promoter Shareholding (Post-Issue)68.9857.77
P/E Ratio17.6718.81
Market Cap₹293.80 Cr.₹398.23 Cr.
ROE26.96%124.38%
ROCE24.23%54.18%
Debt/Equity0.831.51
EPS₹7.36₹10.16
RoNW26.96%76.69%

Shares Offered

In the Eleganz Interiors IPO Retail Individual Investors (RII) are offered 19,97,000 shares while in Solarium Green Energy IPO retail investors are offered 19,97,000 shares. Qualified Institutional Buyers (QIB) are offered 11,41,000 shares in Eleganz Interiors IPO and 10,42,800 shares in Solarium Green Energy IPO.

 Eleganz Interiors IPOSolarium Green Energy IPO
Anchor Investor Reserveration17,10,000 shares15,63,000 shares
Market Maker Reserveration3,01,000 shares2,86,800 shares
QIB11,41,000 shares10,42,800 shares
NII8,56,000 shares7,82,400 shares
RII19,97,000 shares18,24,600 shares
Employee0 shares0 shares
Others
Total57,04,000 shares52,12,800 shares

Bids Received (Subscription)

Eleganz Interiors IPO subscribed 30.65x in total, whereas Solarium Green Energy IPO subscribed 8.83x.

 Eleganz Interiors IPOSolarium Green Energy IPO
QIB (times)24.45x8.51x
NII (times)60.42x18.04x
Big NII (times)
Small NII (times)
RII (times)21.44x5.07x
Employee (times)
Other (times)
Total (times)30.65x8.83x