Bookbuilding IPO | ₹105 Cr | Listed at BSE SME | Thu, Feb 6, 2025 - Mon, Feb 10, 2025
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 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 for investment in 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 Open
Thu, Feb 6, 2025
IPO Close
Mon, Feb 10, 2025
Issue Price
₹191 per share
Market Cap (Pre-IPO)
₹398.23 Cr
| IPO Date | 6 to 10 Feb, 2025 |
| Listed on | Thu, Feb 13, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹181 to ₹191 |
| Issue Price | ₹191 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 54,99,600 shares (agg. up to ₹105 Cr) |
| Reserved for Market Maker | 2,86,800 shares Spread X Securities Pvt.Ltd. (agg. up to ₹5 Cr) |
| Fresh Issue (Ex Market Maker) | 52,12,800 shares (agg. up to ₹100 Cr) |
| Net Offered to Public | 52,12,800 shares (agg. up to ₹100 Cr) |
| Share Holding Pre Issue | 1,53,50,000 shares |
| Share Holding Post Issue | 2,08,49,600 shares |
| BSE Script Code | 544354 |
| ISIN | INE0W0H01017 |
Solarium Green Energy IPO comprises a total issue size of 54,99,600 shares. The net offer to the public is 52,12,800 shares, after excluding 2,86,800 shares allotted on a firm basis. Of the Net offer 26,05,800 (49.99%) are allocated to QIB, 7,82,400 (15.01%) allocated to NII 18,24,600 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 26,05,800 | 49.99% | 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 | 15.01% | 14.23% |
| Retail Shares Offered | 18,24,600 | 35.00% | 33.18% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,86,800 | 5.21% | |
| Total Shares Offered | 54,99,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| 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 Energy IPO raises ₹29.85 crore from anchor investors. Solarium Green Energy IPO Anchor bid date is February 5, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Feb 5, 2025 |
| Shares Offered | 15,63,000 |
| Anchor Portion (₹ Cr.) | 29.85 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Mar 13, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, May 12, 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.
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 | 3.00 |
| Reserves and Surplus | 17.78 | 17.33 | 1.74 | |
| Total Borrowing | 33.47 | 30.76 | 26.72 | 14.80 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 71.00 |
| 2 | General Corporate Purposes | 25.26 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 10.16 | 7.25 |
| P/E (x) | 18.81 | 26.36 |
| Promoter Holding | 78.5% | 57.77% |
| Market Cap | ₹398.23 Cr. |
The Solarium Green IPO is subscribed 8.83 times on February 10, 2025 5:04:49 PM (Day 3). The public issue subscribed 5.07 times in the retail category, 8.51 times in the QIB category, and 18.04 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 8.51 | 10,42,800 | 88,72,800 | 0 |
| NII* | 18.04 | 7,82,400 | 1,41,15,000 | 0 |
| Retail | 5.07 | 18,24,600 | 92,54,400 | 0 |
| Total | 8.83 | 36,49,800 | 3,22,42,200 | 23,471 |
Total Application : 23,471
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commissions payable to the BRLM (including any underwriting commission, brokerage and selling commission) | 8.18 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees Payable for Advertising, Marketing Expenses and Printing Expenses | 0.20 |
| 4 | Fees Payable to Legal Advisor to the Issue | 0.11 |
| 5 | Fees payable for Financial Due Diligence | 0.01 |
| 6 | Fees payable for Secretarial work | 0.02 |
| 7 | Fees payable to Regulators including Stock Exchange and other Intermediaries | 0.08 |
| 8 | Fees payable to Peer Review Auditor | 0.05 |
| 9 | Fees Payable to Market Maker (for Three Years) | 0.12 |
| 10 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Banker to the Issue. Brokerage, underwriting commission and selling commission and bidding charges | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹191.00 |
| Open | ₹202.00 |
| Low | ₹202.00 |
| High | ₹212.10 |
| Last Trade | ₹211.90 |
Lead Manager Reports
Solarium Green Energy IPO is a SME IPO of 54,99,600 equity shares of the face value of ₹10 aggregating up to ₹105 Crores. The issue is priced at ₹191 per share. The minimum order quantity is 600.
The IPO opens on Thu, Feb 6, 2025, and closes on Mon, Feb 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 Thu, Feb 6, 2025 and closes on Mon, Feb 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 Wed, Feb 12, 2025. Check the Solarium Green Energy IPO allotment status.
The Solarium Green Energy IPO listing date is on Thu, Feb 13, 2025.
