Solar91 Cleantech Ltd IPO
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Solar91 Cleantech Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 54.36 L | TBA | ₹ 17.97 L | ₹ 105.15 L | DBC | ₹ 106 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| TBA | TBA | 600 | ₹ 1,11,000 | Book Building - SME | TBA |
Solar91 Cleantech Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering - Turnkey Services |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 2563800 | 0 |
| NII | 0x | 770400 | 0 |
| Retail | 0x | 1797000 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 5436000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Solar91 Cleantech Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 42.77 | 37.58 | 41.57 |
| EBITDA | 3.58 | 0.33 | 0.48 |
| PAT | 2.61 | 0.20 | 0.32 |
| Total Assets | 15.25 | 11.12 | 9.37 |
| Share Capital | 0.02 | 0.02 | 0.01 |
| Total Borrowings | 3.46 | 2.09 | 1.69 |
| Operating Activities (Net Cash) | 2.70 | 0.23 | 0.34 |
| Investing Activities (Net Cash) | 2.82 | -0.94 | 0.09 |
| Financing Activities (Net Cash) | 3.46 | 2.09 | 1.69 |
| Net Cashflow | 2.35 | 1.16 | 0.08 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Solar91 Cleantech Ltd
Our Company was incorporated as a Private Limited Company under the name of Solar91 Cleantech Private Limited under the Companies Act, 2013 vide certificate of incorporation dated October 07, 2015, issued by Registrar of Companies, Jaipur, bearing CIN U40108RJ2015PTC048401. Further, our Company was converted into a Public Limited Company in pursuance of a special resolution passed by the members of our Company at the Extra Ordinary General Meeting held on June 12, 2024 and the name of our Company was changed from Solar91 Cleantech Private Limited to Solar91 Cleantech Limited & Registrar of Companies, CPC has issued a new certificate of incorporation consequent upon conversion dated July 22, 2024 bearing CIN U40108RJ2015PLC048401.
Our company, Solar91 Cleantech Limited (formerly Solar91 Cleantech Private Limited) was founded in 2015 by our promoters who are alumni of Indian Institute of Technology with a dream to contribute to a clean energy driven India. Our company is engaged in providing EPC Solar Energy Solutions to Commercial & Industrial customers to offset their power consumption through renewable energy sources, where we build, operate and maintain grid connected and off grid Solar Power Projects for our customers.
Peer Comparison:
- Oriana Power Ltd
- Waaree Renewables Technologies Ltd
Solar91 Cleantech Ltd IPO Key Points
Strengths
- Our inability to capitalize the opportunities and growth in the solar industry.
- Promotion of solar industry by the Government of India.
- Cordial relations with our clients.
Risk
- Its present promoters of the Company are first generation entrepreneurs.
- The Company does not own the premises through which its conduct the company's business operations.
- Its business relies on the expertise and guidance of the company Directors and Key Managerial Personnel to ensure sustained success. The loss of any of them could have a significant impact on the company.
Strategy
- Expansion of IPP Portfolio in new states.
- Development of Solar Parks for Commercial and Industrial Customers.
- Our inability to capitalize the opportunities and growth in the solar industry.
- Promotion of solar industry by the Government of India.
- Cordial relations with our clients.
How To Apply for Solar91 Cleantech Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
