Solarium Green Energy 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