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Solarium Green Energy IPO vs Voler Car IPO

Comparison between Solarium Green Energy IPO and Voler Car IPO.

IPO Details

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

 Solarium Green Energy IPOVoler Car IPO
LogoSolarium Green Energy IPO LogoVoler Car IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Market MakerSpread X Securities Pvt.Ltd.Wiinance Financial Services 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 Solarium Green Energy IPO is up to ₹99.56 Cr whereas the issue size of the Voler Car IPO is up to ₹25.08 Cr. The final issue price of Solarium Green Energy IPO is ₹191.00 per share and of Voler Car IPO is ₹90.00 per share.

 Solarium Green Energy IPOVoler Car IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹181.00 per share₹85.00 per share
Issue Price (Upper)₹191.00 per share₹90.00 per share
Issue Price (Final)₹191.00 per share₹90.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size600 shares1600 shares
Fresh Issue Size52,12,800 shares27,87,200 shares
Fresh Issue Size (Amount)up to ₹99.56 Crup to ₹25.08 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total52,12,800 shares27,87,200 shares
Issue Size Total (Amount)up to ₹99.56 Crup to ₹25.08 Cr

IPO Timetable

Solarium Green Energy IPO opens on Feb 06, 2025, while Voler Car IPO opens on Feb 12, 2025. The closing date of Solarium Green Energy IPO and Voler Car IPO is Feb 10, 2025, and Feb 14, 2025, respectively.

 Solarium Green Energy IPOVoler Car IPO
Anchor Bid DateFeb 05, 2025Feb 11, 2025
Issue OpenFeb 06, 2025Feb 12, 2025
Issue CloseFeb 10, 2025Feb 14, 2025
Basis Of Allotment (Tentative)Feb 11, 2025Feb 17, 2025
Initiation of Refunds (Tentative)Feb 12, 2025Feb 18, 2025
Credit of Share (Tentative)Feb 12, 2025Feb 18, 2025
Listing date (Tentative)Feb 13, 2025Feb 19, 2025
Anchor Lockin End date 1Mar 13, 2025Mar 18, 2025
Anchor Lockin End date 2May 12, 2025May 17, 2025

Financials & KPIs

Solarium Green Energy IPO P/E ratio is 18.81, as compared to Voler Car IPO P/E ratio of 20.57.

 Solarium Green Energy IPOVoler Car IPO
Financials

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

Voler Car Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets18.3310.9911.912.13
Total Income21.5831.4526.6324.83
Profit After Tax2.493.561.990.79
Net Worth10.933.21-0.35-2.34
Reserves and Surplus2.783.06-0.5-2.49
Total Borrowing0.391.193.85.55
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)78.5092.88
Promoter Shareholding (Post-Issue)57.7767.86
P/E Ratio18.8120.57
Market Cap₹398.23 Cr.₹100.29 Cr.
ROE124.38%249.01%
ROCE54.18%123.06%
Debt/Equity1.510.37
EPS₹10.16₹4.38
RoNW76.69%110.91%

Shares Offered

In the Solarium Green Energy IPO Retail Individual Investors (RII) are offered 18,24,600 shares while in Voler Car IPO retail investors are offered 18,24,600 shares. Qualified Institutional Buyers (QIB) are offered 10,42,800 shares in Solarium Green Energy IPO and 5,56,800 shares in Voler Car IPO.

 Solarium Green Energy IPOVoler Car IPO
Anchor Investor Reserveration15,63,000 shares8,33,600 shares
Market Maker Reserveration2,86,800 shares2,12,800 shares
QIB10,42,800 shares5,56,800 shares
NII7,82,400 shares4,19,200 shares
RII18,24,600 shares9,77,600 shares
Employee0 shares0 shares
Others
Total52,12,800 shares27,87,200 shares

Bids Received (Subscription)

Solarium Green Energy IPO subscribed 8.83x in total, whereas Voler Car IPO subscribed 13.62x.

 Solarium Green Energy IPOVoler Car IPO
QIB (times)8.51x9.34x
NII (times)18.04x18.56x
Big NII (times)
Small NII (times)
RII (times)5.07x13.94x
Employee (times)
Other (times)
Total (times)8.83x13.62x