Solarium Green Energy Limited IPO (Solarium Green IPO) Detail
Solarium Green IPO is a book built issue of Rs 105.04 crores. The issue is entirely a fresh issue of 55.00 lakh shares.
Solarium Green IPO bidding started from February 6, 2025 and ended on February 10, 2025. The allotment for Solarium Green IPO was finalized on Tuesday, February 11, 2025. The shares got listed on BSE SME on February 13, 2025.
Solarium Green IPO price band is set at ₹191 per share. The minimum lot size for an application is 600. The minimum amount of investment required by retail investors is ₹1,08,600. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,14,600. 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 of the Solarium Green IPO, while Link Intime India Private Ltd is the registrar for the issue.The market maker for Solarium Green IPO is Spread X Securities Private Limited.
Refer to Solarium Green IPO RHP for detailed information.
Solarium Green Energy Ltd Stock Quote & Charts
- Open: ₹240.55
- High – Low: ₹240.55 – ₹235.00
- Previous Close: ₹234.75
- Total Traded Value: 19,200.00
- 52 Weeks High: ₹283.95 (Feb 28, 2025)
- 52 Weeks Low: ₹202.00 (Feb 13, 2025)
- Updated On: Feb 13, 2025 4:00 PM
Solarium Green IPO Details
| IPO Date | February 6, 2025 to February 10, 2025 |
| Listing Date | February 13, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹191 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 54,99,600 shares (aggregating up to ₹105.04 Cr) |
| Fresh Issue | 54,99,600 shares (aggregating up to ₹105.04 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,53,50,000 shares |
| Share Holding Post Issue | 2,08,49,600 shares |
| Market Maker Portion | 2,86,800 shares Spread X Securities Private Limited |
Solarium Green IPO Reservation
Solarium Green IPO offers 54,99,600 shares. 10,42,800 (18.96%) to QIB, 7,82,400 (14.23%) to NII, 18,24,600 (33.18%) to RII and 15,63,000 (28.42%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 15,63,000 (28.42%) |
| Market Maker Shares Offered | 2,86,800 (5.21%) |
| QIB 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%) |
Solarium Green IPO Anchor Investors Details
Solarium Green IPO raises Rs 29.85 crore from anchor investors. Solarium Green IPO Anchor bid date is February 5, 2025. Solarium Green 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 IPO Timeline (Tentative Schedule)
Solarium Green 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 February 10, 2025 |
Solarium Green IPO Lot Size
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors 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 |
| Lot Size Calculator | |||
Solarium Green IPO Promoter Holding
| Share Holding Pre Issue | 78.50% |
| Share Holding Post Issue |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Solarium Green Energy Limited
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:
- Turnkey Solutions for Solar Projects: The company provides residential rooftop solar installations, C& rooftopand ground-mounted projects, and government tenders for various renewable energy systems, including hybrid solutions and grid-connected installations.
- Sale of Solar Products: The company supplies solar products, including PV modules, inverters, and ABT meters, procure items from accredited vendors, and previously manufactured polycrystalline solar modules for turnkey projects and direct client supply.
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:
- Scaled and integrated operations for renewable energy projects
- Diversified Portfolio with strong domestic presence
- Strong relationship with customers and suppliers
- Experienced management team with industry expertise
Company Financials
Solarium Green Energy Limited Financial Information (Restated Consolidated)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 95.25 | 77.21 | 44.37 | 31.81 |
| Revenue | 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 | ||||
Key Performance Indicator (KPI)
The market capitalization of Solarium Green IPO is Rs 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 Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue (Solarium Green IPO Objectives)
The Company intends to utilized the proceeds towards the following objects:
- To Meet Working Capital Requirements
- General Corporate Purposes
Solarium Green IPO Review (Apply)
[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…
Solarium Green IPO Subscription Status (Bidding Detail)
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.
Solarium Green IPO Prospectus
Solarium Green IPO Listing Details
| Listing Date | February 13, 2025 |
| BSE Script Code | 544354 |
| NSE Symbol | |
| ISIN | INE0W0H01017 |
| Final Issue Price | ₹191 per share |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹191.00 |
| Open | ₹202.00 |
| Low | ₹202.00 |
| High | ₹212.10 |
| Last Trade | ₹211.90 |
Check IPO Performance…
Solarium Green Energy Limited Contact Details
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/
Solarium Green 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
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