Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of PMEA Solar Tech Solutions Ltd. on January 14, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
PMEA Solar Tech Solutions Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on NSE and BSE. IIFL Capital Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to PMEA Solar Tech Solutions IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Sep 23, 2024 |
| SEBI/Exchange approval received | Tue, Jan 14, 2025 |
| SEBI approval expired | Wed, Jan 14, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer, or the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
PMEA Solar Tech Solutions Limited, incorporated in 2006, is one of the leading manufacturers in India's solar tracking and mounting products sector. The company produces a wide range of solar tracking and mounting products, including:
These products are used in utility-scale and ground-mounted solar power projects. As of March 31, 2024, PMEA Solar Tech Solutions Limited offered 72 SKUs in its solar business, consisting of 56 SKUs for Module Mounting Assembly and 16 SKUs for Rolled Products.
In addition to solar products, PMEA Solar Tech Solutions Limited manufactures various components for other industries. The company’s Other Businesses include:
As of March 31, 2024, PMEA Solar Tech Solutions Limited had 834 permanent employees.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 927.67 | 604.39 | 423.34 |
| Total Income | 1,521.86 | 810.41 | 591.47 |
| Profit After Tax | 103.64 | 27.44 | 44.82 |
| NET Worth | 239.41 | 136.30 | 109.49 |
| Reserves and Surplus | 228.17 | 125.06 | 98.25 |
| Total Borrowing | 486.51 | 297.71 | 209.49 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 43.29% |
| ROCE | 28.65% |
| Debt/Equity | 1.93 |
| RoNW | 43.29% |
| PAT Margin | 6.81% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.22 | |
| Promoter Holding | 100% |
Lead Manager Reports
PMEA Solar Tech Solutions IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The PMEA Solar Tech Solutions IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in PMEA Solar Tech Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in PMEA Solar Tech Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in PMEA Solar Tech Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The PMEA Solar Tech Solutions IPO dates are not announced. Please check back again after some time.
PMEA Solar Tech Solutions IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in PMEA Solar Tech Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for PMEA Solar Tech Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the PMEA Solar Tech Solutions IPO allotment status.
The PMEA Solar Tech Solutions IPO listing date is not yet announced. The tentative date of listing is .
