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Solarium Green Energy IPO

₹1,08,600/600 shares

Minimum Investment

IPO Details

Open Date

06 Feb 25

Close Date

10 Feb 25

Minimum Investment

1,08,600

Lot Size

600

Price Range

181 to ₹191

Listing Exchange

BSE

Issue Size

105.04 Cr

Listing Date

13 Feb 25

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Solarium Green Energy IPO Timeline

Bidding Start

06 Feb 25

Bidding Ends

10 Feb 25

Allotment Finalisation

11 Feb 25

Refund Initiation

12 Feb 25

Demat Transfer

12 Feb 25

Listing

13 Feb 25

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About Solarium Green Energy Limited IPO

Solarium Green Energy Limited specialises in providing turnkey solutions for renewable energy projects, including design, engineering, procurement, construction, commissioning, and ongoing operation and maintenance (O&M) services. Solarium Green Energy also deals in solar products such as solar PV modules, inverters, and ABT meters. With a wealth of experience led by Promoters Mr. Ankit Garg and Mr. Pankaj Vallabhbhai Gothi, the company has successfully executed numerous projects in the renewable energy sector and maintains a diverse portfolio of ongoing projects.

IPO Strengths

  • The company provides comprehensive turnkey solutions for renewable energy projects, covering design, procurement, construction, commissioning, and operation & maintenance (O&M).
  • It has executed over 8,500 residential rooftop projects, 152 commercial and industrial projects, and government projects across multiple Indian states.
  • The company operates in 8 states, with a diversified portfolio across residential, commercial, industrial, and government sectors.
  • It maintains strong relationships with customers and suppliers, ensuring repeat business and timely delivery of quality materials.
  • The promoters, Mr. Ankit Garg and Mr. Pankaj Vallabhbhai Gothi, bring over 35 years of combined industry experience.

Solarium Green Energy IPO Key Financials (in ₹ lakhs)

Particulars 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 7721.11 4437.28 3180.54
Revenue 17,739.69 9878.98 16,736.91
Profit After Tax 1558.97 173.86 205.04
Reserves and Surplus 1732.83 173.86
Total Borrowings 3076.35 2672.22 1479.99

Solarium Green Energy Limited  Upcoming IPO Details

Category Details
Issue Type Book Built Issue IPO
Total Issue Size Fresh Issue: 54,99,600 shares (aggregating up to ₹105.04 Cr)

Offer for Sale: NA

Price Range ₹181 to ₹191 per share
Lot Size 600 Shares
Face Value ₹10 per share
Listing Exchange SME, BSE
Pre-IPO Shareholding 1,53,50,000 shares
Post-IPO Shareholding 2,08,49,600 shares
Market Marker 2,86,800 shares (Spread X Securities Private Limited)

Solarium Green Energy IPO Important Dates

IPO Activity Date
IPO Open Date 6 February 2025
IPO Close Date 10 February 2025
Basis of Allotment 11 February 2025
Refunds Initiation 12 February 2025
Credit of Shares to Demat 12 February 2025
Listing Date 13 February 2025

Solarium Green Energy IPO Lots

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

Solarium Green Energy IPO Lead Managers

Lead Managers
Beeline Capital Advisors Private Limited

Solarium Green Energy Limited IPO Valuation Overview

KPI Value
Earnings Per Share (EPS) 10.39
Price/Earnings (P/E) Ratio TBD
Return on Net Worth (RoNW) 76.69%
Net Asset Value (NAV) 13.55
Return on Equity 124.38&
Return on Capital Employed (ROCE) 54.18%
EBITDA Margin 13.40%
PAT Margin 8.79%
Debt to Equity Ratio 1.51

Solarium Green Energy IPO Peer Group Comparison

Company Name Face Value (₹) EPS (₹) Basic P/E Ratio RoNW (%) Revenue (₹ in Lakhs) NAV

(₹)

Solarium Green Energy Limited 10.00 10.39 [●] 76.69 17,739.69 13.55
Peer Group
Zodiac Energy Limited 10 7.50 51.62 23.06 22,006.11 32.51
Oriana Power Limited 10 33.93 21.87 36.47 37,731.44 78.81

Objectives of the Proceeds

  • To meet working capital requirements, ₹6,500 lakhs
  • To meet general corporate expenses

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3Enter Number of Lots and your Price.

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5Complete Transaction on Your UPI App

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