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Solarium Green Energy IPO is a book build issue of ₹105.04 crores. The issue is entirely a fresh issue of 0.55 crore shares of ₹105.04 crore.
Solarium Green Energy IPO bidding started from Feb 6, 2025 and ended on Feb 10, 2025. The allotment for Solarium Green Energy IPO was finalized on Feb 11, 2025. The shares got listed on BSE SME on Feb 13, 2025.
Solarium Green Energy IPO price band is set at ₹191.00 per share . The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,14,600 (600 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹2,29,200.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Refer to Solarium Green Energy IPO RHP for detailed Information.
| IPO Date | February 6, 2025 to February 10, 2025 |
| Listing Date | February 13, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹181 to ₹191 per share |
| Issue Price Final | ₹191 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 54,99,600 shares (aggregating up to ₹105.04 Cr) |
| Reserved for Market Maker | 2,86,800 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹5.48 Cr) |
| Net Offered to Public | 52,12,800 shares (aggregating up to ₹99.56 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,53,50,000 shares |
| Share Holding Post Issue | 2,08,49,600 shares |
Solarium Green Energy IPO offers total 54,99,600 shares. Out of which 26,05,800 (47.38%) allocated to QIB, 10,42,800 (18.96%) allocated to QIB (Ex- Anchor), 7,82,400 (14.23%) allocated to NII, 18,24,600 (33.18%) allocated to RII and 15,63,000 (28.42%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,86,800 (5.21%) |
| QIB Shares Offered | 26,05,800 (47.38%) |
| − Anchor Investor Shares Offered | 15,63,000 (28.42%) |
| − QIB (Ex. Anchor) Shares Offered | 10,42,800 (18.96%) |
| NII (HNI) Shares Offered | 7,82,400 (14.23%) |
| Retail Shares Offered | 18,24,600 (33.18%) |
| Total Shares Offered | 54,99,600 (100.00%) |
Solarium Green Energy IPO raises ₹29.85 crore from anchor investors. Solarium Green Energy IPO Anchor bid date is February 5, 2025. Solarium Green Energy IPO Anchor Investors list
| Bid Date | February 5, 2025 |
| Shares Offered | 15,63,000 |
| Anchor Portion Size (In Cr.) | 29.85 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 13, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 12, 2025 |
Solarium Green Energy IPO opens on February 6, 2025, and closes on February 10, 2025.
| IPO Open Date | Thu, Feb 6, 2025 |
| IPO Close Date | Mon, Feb 10, 2025 |
| Tentative Allotment | Tue, Feb 11, 2025 |
| Initiation of Refunds | Wed, Feb 12, 2025 |
| Credit of Shares to Demat | Wed, Feb 12, 2025 |
| Tentative Listing Date | Thu, Feb 13, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Feb 10, 2025 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
The company offers turnkey EPC (Engineering, Procurement, and Commissioning) contracts, covering site assessment, technology evaluation, engineering, supply chain management, construction, logistics, manpower, financial planning, and warranties for solar projects.
Business Model:
The company has completed 11,195 residential, 172 Commercial and Industrial, and 17 government solar projects in the past three years.
As of September 30, 2024, the company employs 253 people.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 95.25 | 77.21 | 44.37 | 31.81 |
| Total Income | 82.34 | 177.81 | 98.93 | 167.89 |
| Profit After Tax | 7.55 | 15.59 | 1.74 | 2.05 |
| Net Worth | 33.13 | 20.33 | 4.74 | 3 |
| Reserves and Surplus | 17.78 | 17.33 | 1.74 | |
| Total Borrowing | 33.47 | 30.76 | 26.72 | 14.8 |
| Amount in ₹ Crore | ||||
The market capitalization of Solarium Green Energy IPO is ₹398.23 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 124.38% |
| ROCE | 54.18% |
| Debt/Equity | 1.51 |
| RoNW | 76.69% |
| PAT Margin | 8.79% |
| Price to Book Value | 14.10 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 10.16 | 7.25 |
| P/E (x) | 18.81 | 26.36 |
The Company intends to utilized the proceeds towards the following objects:
[Dilip Davda] SGEL enjoys status of one of the leading solar solutions company involved in all related services for the segment. It posted steady growth in its top and bottom lines except for FY23, where is marked de=growth on account of change in policy and shift of their business plans. Now the company is on a fast track of growth with all related services under one roof. It has pending orders worth Rs. 140+ cr. and likely to get approval for over Rs. 1200 cr. of new contracts. Based on its recent financial data, the issue appears fully priced. Various initiatives from the central and state governments, the segment is providing lucrative opportunities. Considering bright prospects ahead, investors may lap it up for medium to long term. Read detail review...
| Listing Date | February 13, 2025 |
| BSE Script Code | 544354 |
| NSE Symbol | |
| ISIN | INE0W0H01017 |
| Final Issue Price | ₹191 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹191.00 |
| Open | ₹202.00 |
| Low | ₹202.00 |
| High | ₹212.10 |
| Last Trade | ₹211.90 |
Solarium Green Energy Ltd.
B-1208 World Trade Tower,
B/H Skoda Showroom,
Makarba, Ahmedabad 380051
Ahmedabad, Gujarat
Phone: +91 91065 49999
Email: investor@solariumenergy.in
Website: http://www.solariumenergy.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: solarium.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Solarium Green Energy IPO is a SME IPO of 54,99,600 equity shares of the face value of ₹10 aggregating up to ₹105.04 Crores. The issue is priced at ₹191 per share. The minimum order quantity is 600.
The IPO opens on February 6, 2025, and closes on February 10, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Solarium Green Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Solarium Green Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Solarium Green Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Solarium Green Energy IPO opens on February 6, 2025 and closes on February 10, 2025.
Solarium Green Energy IPO lot size is 600, and the minimum amount required for application is ₹1,14,600.
You can apply in Solarium Green Energy 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 Solarium Green Energy IPO will be done on Tuesday, February 11, 2025, and the allotted shares will be credited to your demat account by Wednesday, February 12, 2025. Check the Solarium Green Energy IPO allotment status.
The Solarium Green Energy IPO listing date is on Thursday, February 13, 2025.
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