Solarium Green Energy IPO: ₹105.04 Crore Issue, ₹181-191 Price Range, BSE SME Listing on February 13, 2025

Solarium Green Energy’s IPO opens on February 6, 2025, aiming to raise ₹105.04 crore by issuing 55 lakh fresh shares at ₹181-191 each. The IPO will close on February 10, 2025, with shares listed on the BSE SME platform on February 13, 2025. The proceeds will support working capital and corporate purposes.

CONTENTS:

• Solarium Green Energy IPO Opens for Subscription: ₹105.05 Crore Issue, 7.8% Listing Premium Expected
• Solarium Green Energy IPO Opens: ₹105.04 Crore Issue, ₹20 GMP, Listing on BSE SME Expected February 13, 2025
• Solarium Green Energy IPO: ₹105.04 Crore Issue, ₹181-191 Price Range, Listing on BSE SME February 13, 2025
• Solarium Green Energy IPO: ₹105.04 Crore Issue, ₹181-191 Price Range, BSE SME Listing on February 13, 2025

Solarium Green Energy IPO: ₹105.04 Crore Issue, ₹181-191 Price Range, BSE SME Listing on February 13, 2025

Solarium Green Energy IPO Opens for Subscription: ₹105.05 Crore Issue, 7.8% Listing Premium Expected

Solarium Green Energy IPO: ₹105.04 Crore Issue The initial public offering (IPO) of Solarium Green Energy opened for subscription on February 6, 2025, with plans to raise ₹105.05 crore at a price range of ₹181-191 per share. The IPO will remain open until February 10, 2025. As of the first day, by 11:55 am, the IPO was subscribed 0.18 times overall, with the retail segment seeing 0.3 times subscription and the Non-Institutional Investors (NII) portion receiving 0.16 times. No bids have been placed by Qualified Institutional Buyers (QIBs) so far.

The grey market premium (GMP) stands at ₹15, suggesting a potential listing price of ₹206, which is a 7.8% increase from the upper price band of ₹191.

The issue involves the offer of 55.00 lakh shares, with no offer for sale. The minimum application lot is 600 shares, which requires an investment of ₹1.14 lakh for retail investors. The funds raised will be used for working capital and general corporate purposes.

Beeline Capital Advisors Pvt Ltd is managing the offering, while Link Intime India Private Ltd serves as the registrar. The IPO is expected to be allotted on February 11, 2025, and will list on the BSE SME segment on February 13, 2025.

Solarium Green Energy, founded in 2015, specializes in providing solar solutions for residential, commercial, industrial, and government projects, covering everything from design to ongoing maintenance.

Solarium Green Energy IPO Opens: ₹105.04 Crore Issue, ₹20 GMP, Listing on BSE SME Expected February 13, 2025

Solarium Green Energy IPO: ₹105.04 Crore Issue The initial public offering (IPO) of Solarium Green Energy opened for bidding today, Thursday, February 6, 2025, and will remain open until Monday, February 10, 2025. The company is offering a fresh sale of up to 54,99,600 shares, totaling ₹105.04 crore, with a price range of ₹181-191 per share. Investors can apply for a minimum of 600 shares, and subsequent bids must be in multiples of 600.

Solarium Green Energy, based in Ahmedabad and founded in 2015, specializes in solar solutions, providing end-to-end services for residential, commercial, industrial, and government solar projects. The IPO proceeds will be used for working capital and general corporate purposes. As of the first day, the grey market premium (GMP) is ₹20, suggesting a 10% potential increase in the listing price.

Before the IPO, the company raised ₹29.85 crore from 15 anchor investors, allocating 15,63,000 shares. Retail investors can apply for a single lot of 600 shares for ₹1.14 lakh, while other investors must apply for a minimum of two lots (1,200 shares) costing ₹2.29 lakh. The IPO reserves 50% of the offer for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for retail investors.

The company has successfully completed numerous solar projects over the past three years, including 11,195 residential, 172 commercial and industrial, and 17 government projects. For the six months ending September 30, 2024, Solarium Green Energy reported a net profit of ₹7.55 crore and revenue of ₹82.34 crore. The full-year results for 2023-24 showed a net profit of ₹15.59 crore and revenue of ₹177.81 crore. The company’s market capitalization post-IPO is expected to be around ₹398 crore.

Beeline Capital Advisors is the lead manager for the IPO, while Link Intime India is the registrar. The shares are expected to be listed on the BSE SME platform on Thursday, February 13, 2025.

Solarium Green Energy IPO: ₹105.04 Crore Issue, ₹181-191 Price Range, Listing on BSE SME February 13, 2025

Solarium Green Energy IPO: ₹105.04 Crore Issue The Solarium Green Energy IPO opens on February 6, 2025, and will close on February 10, 2025. The company aims to raise approximately ₹105.04 crore through the IPO, which involves a fresh issue of shares. The price band for the shares is ₹181 to ₹191 each. The IPO will be listed on the BSE SME platform on February 13, 2025. The allotment date is set for February 11, 2025.

Solarium Green Energy, established in 2015, provides solar solutions across residential, commercial, industrial, and government sectors. Their services include design, engineering, procurement, construction, testing, commissioning, and operation & maintenance. The company reported revenue of ₹177.81 crore for 2024, up from ₹98.93 crore in 2023. It posted a profit of ₹15.59 crore in 2024, compared to ₹1.74 crore the previous year.

The IPO offer comprises 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for Non-Institutional Investors (NIIs). The minimum application lot size is 600 shares, totaling ₹1,14,600. Investors can apply for multiple lots in increments of 600 shares.

The IPO proceeds will be used to meet working capital requirements and general corporate purposes. The company’s market valuation post-IPO is expected to be around ₹398 crore.

Promoters of Solarium Green Energy include Ankit Garg and Pankaj Vallabhbhai Gothi. The IPO is being managed by Beeline Capital Advisors Pvt Ltd, with Link Intime India as the registrar.

Solarium Green Energy IPO: ₹105.04 Crore Issue, ₹181-191 Price Range, BSE SME Listing on February 13, 2025

Solarium Green Energy IPO: ₹105.04 Crore Issue Solarium Green Energy Limited is launching its IPO, aiming to raise ₹105.04 crore through the issuance of 55 lakh fresh equity shares. The IPO will open for subscription on February 6, 2025, and close on February 10, 2025, with the anchor bidding beginning on February 5, 2025. The stock is set to list on the BSE SME platform on February 13, 2025.

The price band for the IPO has been set between ₹181 and ₹191 per share, with a minimum lot size of 600 shares, requiring an investment of ₹1,14,600 for retail investors. High Net-Worth Individuals (HNIs) must apply for at least two lots. The issue will be allocated as follows: 50% for Qualified Institutional Buyers (QIBs), 15% for HNIs, and 35% for retail investors, with up to 2,86,800 shares reserved for market makers.

The company plans to use the proceeds to meet working capital requirements and for general corporate purposes. Despite no premium in the grey market (GMP) as of now, the company’s successful track record includes 11,195 residential rooftop projects and 172 commercial and industrial installations between April 2021 and September 2024.

The allotment of shares is expected to be finalised by February 11, 2025.