Solarium Green IPO is scheduled to open for subscription on February 6, 2025, and will close on February 10, 2025. This book-built issue aims to raise ₹105.04 crores entirely through a fresh issue of 55 lakh equity shares.
The price band for the IPO is set between ₹181 and ₹191 per share. Investors can apply for a minimum lot size of 600 shares, requiring a retail investment of at least ₹1,14,600, while high-net-worth individuals (HNI) must invest in a minimum of two lots (1,200 shares) amounting to ₹2,29,200.
The allotment is expected to be finalized on February 11, 2025, with the shares set to list on the BSE SME platform on February 13, 2025.
The IPO allocation includes 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for Non-Institutional Investors (HNIs).
Financially, Solarium Green Energy has demonstrated significant growth, reporting a revenue of ₹177.81 crores in 2024, a sharp rise from ₹98.93 crores in 2023. The company’s net profit also surged from ₹1.74 crores in 2023 to ₹15.59 crores in 2024, reflecting robust financial performance and business expansion. Given these strong fundamentals, investors looking for long-term growth opportunities may find the Solarium Green IPO an attractive investment.
Overview of Contents
Solarium Green Energy IPO Overview
| Particulars | Details |
|---|---|
| IPO Subscription Period | February 6, 2025 – February 10, 2025 |
| Expected Listing Date | February 13, 2025 (Tentative) |
| Face Value per Share | ₹10 |
| Price Range | ₹181 – ₹191 per share |
| Minimum Lot Size | 600 Shares |
| Total Equity Offer | 54,99,600 shares (₹105.04 Cr) |
| Fresh Issue | 54,99,600 shares (₹105.04 Cr) |
| Issue Structure | Book Built Issue |
| Stock Exchange Listing | BSE SME |
| Pre-Issue Shareholding | 1,53,50,000 shares |
| Post-Issue Shareholding | 2,08,49,600 shares |
| Market Maker Allocation | 2,86,800 shares |
| Retail Investor Allocation | Up to 35% |
| Qualified Institutional Buyers (QIBs) | Up to 50% |
| Non-Institutional Investors (NII/HNI) | Up to 15% |
| DRHP | Click here |
| RHP | Click here |
Solarium Green IPO Lot Size
Investors can participate in the Solarium Green IPO with a minimum lot size of 600 shares. Retail investors are allowed to apply for only one lot, while Small High Net-worth Individuals (S-HNIs) must apply for at least two lots.
| Category | Lots | Total Shares | Investment Amount |
|---|---|---|---|
| Retail Investors (Min) | 1 | 600 | ₹1,14,600 |
| Retail Investors (Max) | 1 | 600 | ₹1,14,600 |
| Small HNIs (S-HNI Minimum) | 2 | 1,200 | ₹2,29,200 |
Solarium Green IPO Dates
| Event | Date |
|---|---|
| Subscription Opens | February 6, 2025 |
| Subscription Closes | February 10, 2025 |
| Allotment Finalization | February 11, 2025 |
| Refund Initiation | February 12, 2025 |
| Demat Account Credit | February 12, 2025 |
| Stock Market Debut | February 13, 2025 |
Solarium Green IPO Investor Allocation
| Investor Type | Allocation Percentage | Investor Type | Allocation Percentage |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | Up to 50% of the Net Issue | Qualified Institutional Buyers (QIBs) | Up to 50% of the Net Issue |
| Retail Investors | Minimum 35% of the Net Issue | Retail Investors | Minimum 35% of the Net Issue |
| Non-Institutional Investors (HNI/NII) | Minimum 15% of the Net Issue | Non-Institutional Investors (HNI/NII) | Minimum 15% of the Net Issue |
The promoters of Solarium Green Energy Limited are Ankit Garg and Pankaj Vallabhbhai Gothi. Their shareholding in the company will undergo dilution post-IPO as new shares are issued to the public. Below is the breakdown of promoter holdings before and after the IPO:
| Stage | Promoter Shareholding |
|---|---|
| Pre-Issue Holding | 78.50% |
| Post-Issue Holding | [To be updated] |
About Solarium Green Energy IPO
Solarium Green Energy Limited, incorporated in 2015, is a leading provider of solar solutions, offering turnkey services across residential, commercial, industrial, and government projects. The company specializes in engineering, procurement, construction, testing, commissioning, and maintenance of solar power systems.
Solarium Green has successfully completed over 11,195 residential, 172 commercial and industrial, and 17 government solar projects in the past three years. The company supplies key solar components such as PV modules, inverters, and ABT meters. With a strong domestic presence, an experienced management team, and a workforce of 253 employees as of September 30, 2024, Solarium Green continues to expand its footprint in the renewable energy sector.
Objects of the Issue
- To Meet Working Capital Requirements
- General Corporate Purposes
Solarium Green Energy Financial Performance
| Financial Year | Total Revenue (₹ Cr) | Total Expenses (₹ Cr) | Profit After Tax (₹ Cr) | Total Assets (₹ Cr) |
|---|---|---|---|---|
| FY 2022 | 167.89 | 164.51 | 2.05 | 31.81 |
| FY 2023 | 98.93 | 95.88 | 1.74 | 44.37 |
| FY 2024 | 177.81 | 156.97 | 15.59 | 77.21 |
| Sep 2024 (H1) | 82.34 | 71.93 | 7.55 | 95.25 |
Solarium Green Energy IPO Valuation – FY 2024
Solarium Green Energy Limited has shown strong financial ratios, reflecting its profitability and efficiency. With a high Return on Equity (ROE) of 124.38% and a Return on Net Worth (RoNW) of 76.69%, the company has demonstrated solid financial health.
| Key Performance Indicator (KPI) | Value |
|---|---|
| Return on Equity (ROE) | 124.38% |
| Return on Capital Employed (ROCE) | 54.18% |
| EBITDA Margin | 13.40% |
| Profit After Tax (PAT) Margin | 8.79% |
| Debt to Equity Ratio | 1.51 |
| Earnings Per Share (EPS) | ₹10.39 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 76.69% |
| Net Asset Value (NAV) per Share | ₹13.55 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Zodiac Energy Limited | 7.50 | 51.62 | 23.06 | 32.51 | 220.06 Cr. |
| Oriana Power Limited | 33.41 | 22.21 | 37.13 | 76.21 | 382.87 Cr. |
Solarium Green Energy IPO Review
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Solarium Green Energy IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: solarium.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Company Address
Solarium Green Energy Limited
B-1208 World Trade Tower,
B/H Skoda Showroom,
Makarba, Ahmedabad 380051
Phone: +91 91065 49999
Email: investor@solariumenergy.in
Website: http://www.solariumenergy.in/
What is the Solarium Green Energy IPO size?
The Solarium Green Energy IPO is a book-built issue of ₹105.04 crores, comprising a fresh issue of 55.00 lakh shares.
When will the Solarium Green Energy IPO open and close?
The IPO opens for subscription on February 6, 2025 and closes on February 10, 2025.
What is the price band for the IPO?
The price band for the Solarium Green Energy IPO is set at ₹181 to ₹191 per share.
What is the minimum lot size for the IPO?
The minimum lot size for retail investors is 600 shares, requiring an investment of ₹1,14,600.
When will the allotment be finalized?
The allotment of shares will be finalized on February 11, 2025.
When is the IPO listing date?
The Solarium Green Energy IPO is expected to list on BSE SME on February 13, 2025.
