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.
The Company’s 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.
Solarium Green Energy IPO – Details
| IPO Opening Date | 06 February 2025 |
| IPO Closing Date | 10 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 54,99,600 Shares Worth ₹105.04 Crore Fresh Issue: 54,99,600 Shares Worth ₹105.04 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹181 – ₹191 per share |
| Market Lot | 600 Shares |
| Min Order | 600 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Solarium Green Energy IPO – Date Schedule
| IPO Open Date | 06 February 2025 |
| IPO Close Date | 10 February 2025 |
| Basis of Allotment | 11 February 2025 |
| Initiation of Refund | 12 February 2025 |
| Credit of Shares to Demat Account | 12 February 2025 |
| IPO Listing Date | 13 February 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 10, 2025 |
Solarium Green Energy IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,14,600 |
| Retail (Max) | 1 | 600 | ₹1,14,600 |
| HNI (Min) | 2 | 1200 | ₹2,29,200 |
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 Promoters
- Ankit Garg
- Pankaj Vallabhbhai Gothi
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 167.88 | 164.51 | 2.05 | 14.80 |
| 31 March 2023 | 98.92 | 95.88 | 1.73 | 26.72 |
| 31 March 2024 | 177.80 | 156.97 | 15.58 | 30.76 |
| 30 September 2024 | 82.34 | 71.92 | 7.55 | 33.47 |
Key Performance Indicator
| 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 |
Object Of The Issue
- To Meet Working Capital Requirements.
- General Corporate Purposes.
Solarium Green Energy IPO Promoter Holding
| Pre Issue Share Holding | 78.50% |
| Post Issue Share Holding | – |
Solarium Green Energy IPO Prospectus
Company Contact Information
| 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 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 |
Solarium Green Energy IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Solarium Green Energy IPO FAQs
| What is Solarium Green Energy IPO? Solarium Green Energy IPO is a SME IPO. The issue is priced at ₹181 to ₹191 per equity share. The IPO is to be listed on BSE SME. |
| When Solarium Green Energy IPO will open? The IPO is to open on 06 February 2025 for QIB, NII, and Retail Investors. |
| What is Solarium Green Energy IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Solarium Green Energy IPO? You can apply Solarium Green Energy IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Solarium Green Energy IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Solarium Green Energy IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Solarium Green Energy IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Solarium Green Energy IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Solarium Green Energy IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Solarium Green Energy IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Solarium Green Energy IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Solarium Green Energy IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Solarium Green Energy IPO Size? Solarium Green Energy IPO size is ₹105.04 Crore. |
| What is the Solarium Green Energy IPO Price Band? Solarium Green Energy IPO Price Band is ₹181 to ₹191. |
| What is Solarium Green Energy IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 600 Shares with ₹1,14,600 amount while the maximum bid is 600 Shares with ₹1,14,600. |
| What is the Solarium Green Energy IPO Allotment Date? Solarium Green Energy IPO allotment date is 11 February 2025. |
| What is the Solarium Green Energy IPO Listing Date? Solarium Green Energy IPO listing date is 13 February 2025. The IPO is to be listed on BSE SME. |
