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Solarium Green Energy IPO

  • Status: Closed
  • RHP:
  • ₹ 108,600 / 600 shares

    Minimum Investment

IPO Details

  • Bidding starts

    06 Feb 2025

  • Bidding ends

    10 Feb 2025

  • Listing

    13 Feb 2025

  • IPO Price Range

    ₹ 181 to ₹ 191

  • IPO Size

    ₹ 105.04 Cr

  • Listing Exchange

    BSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

IPO Timeline

Solarium Green Energy IPO Subscription Status

Last Updated: 10 February 2025 6:26 PM by 5Paisa

Solarium Green Energy Limited specializes in solar solutions, offering turnkey EPC services, including design, engineering, procurement, and construction for residential, commercial, industrial, and government projects. It also supplies solar products like PV modules and inverters. With 11,384 projects completed, 253 employees, and a strong domestic presence, the company benefits from integrated operations and experienced management.

Established in: 2018
CEO: Mr. Ankit Garg

Peers

Zodiac Energy Ltd
Oriana Power Ltd
 

Objectives

1. To Meet Working Capital Requirements
2. General Corporate Purposes

Solarium Green Energy IPO Size

Types Size
Total IPO Size ₹105.04 Cr.
Offer For Sale -
Fresh Issue ₹105.04 Cr.

 

Solarium Green Energy IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 600 108,600
Retail (Max) 1 600 108,600
HNI (Min) 2 1200 217,200

Solarium Green Energy IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 2.71 10,42,800 28,30,200 54.057
NII (HNI) 0.27 7,82,400 2,08,200 3.977
Retail 1.38 18,24,600 25,18,800 48.109
Total** 1.52 36,49,800 55,57,200 106.143

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

 

Solarium Green Energy IPO Anchor Allocation

Anchor Bid Date 05 February, 2025
Shares Offered 15,63,000
Anchor portion Size (In ₹ Cr.) 29.85
Anchor lock-in period end date for 50% shares (30 Days) 13 March, 2025
Anchor lock-in period end date for remaining shares (90 Days) 12 May, 2025

 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 167.89 98.93 177.81
EBITDA 4.49 5.58 23.78
PAT 2.05 1.74 15.59
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 31.81 44.37 77.21
Share Capital 3.00 3.00 3.00
Total Borrowings 14.80 26.72 30.76
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities 3.81 -4.84 -2.96
Net Cash Generated From / (used in) investing activities -0.59 -3.32 -0.69
Net Cash Generated From / (used in) financing activities -4.03 10.49 1.63
Net Increase (Decrease) In Cash And Cash Equivalents -0.81 2.33 -2.02


Strengths

1. Provides complete solar solutions from design to maintenance.
2. Serves residential, commercial, industrial, and government sectors.
3. Has a strong market presence with 11,384 completed projects.
4. Sources high-quality solar components from trusted vendors.
5. Led by an experienced management team with industry expertise.
 

Risks

1. Relies on foreign suppliers for key solar components.
2. Affected by government policy and subsidy changes.
3. Needs high investment for solar projects.
4. Faces tough competition from established solar companies.
5. Project delays can happen due to supply chain issues.
 

Will You Apply for Solarium Green Energy IPO?

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FAQs

Solarium Green Energy IPO opens from 6 February 2025 to 10 February 2025.
 

The size of Solarium Green Energy IPO is ₹105.04 Cr.
 

The price of Solarium Green Energy IPO is fixed at ₹181 to ₹191 per share. 
 

To apply for Solarium Green Energy IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Solarium Green Energy  IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Solarium Green Energy IPO is 600 shares and the investment required is ₹108,600.

The share allotment date of Solarium Green Energy IPO is 11 February 2025
 

The Solarium Green Energy IPO will be listed on 13 February 2025.
 

Beeline Capital Advisors Pvt Ltd is the book running lead manager for Solarium Green Energy IPO.
 

Solarium Green Energy plans to utilise the raised capital from the IPO for:

1. To Meet Working Capital Requirements
2. General Corporate Purposes