Solar91 Cleantech Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Solar91 Cleantech Ltd IPO

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.

Solar91 Cleantech Ltd IPO Details

Total Shares Offered

₹ 54,36,000

Offer to Public

TBA

Retail Max (Shares)

₹ 17,97,000

Pre Issue Promoters Holding

₹ 1,05,15,000

Exchange

DBC

Issue size

₹ 106 Cr

IPO Open Date

Invalid Date

Close Date

Invalid Date

Lot Size

600

Min Investment

₹ 1,11,000

Issue Type

Book Building - SME

Listing Date

Invalid Date

Solar91 Cleantech Ltd IPO Dates

Opening date

Closing date

Basis of Allotment

Initiation of Refunds

Credit of Shares

Listing date

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*
QIB	0x	2563800
NII	0x	770400
Retail	0x	1797000
Employee	0x	0
Total	0x	5436000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2563800

770400

1797000

5436000

Solar91 Cleantech Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	22.45	42.77	37.58
EBITDA	22.62	3.57	0.33
PAT	16.61	2.60	0.20
Total Assets	39.56	17.95	11.12
Share Capital	15.08	0.02	0.02
Total Borrowings	4.46	3.46	2.09
Operating Activities (Net Cash)	16.78	2.68	0.23
Investing Activities (Net Cash)	14.81	0.08	-0.94
Financing Activities (Net Cash)	4.46	3.46	2.09
Net Cashflow	10.76	5.05	1.16

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.

Peer Comparison:

Oriana Power Ltd
Waaree Renewables Technologies Ltd

Solar91 Cleantech Ltd 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.

How To Apply for Solar91 Cleantech Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Solar91 Cleantech Ltd IPO?

Solar91 Cleantech Ltd's IPO offers shares for up to 106 It begins on Invalid Date and ends on Invalid Date.

What is the price of the Solar91 Cleantech Ltd IPO?

The price of Solar91 Cleantech Ltd IPO ranges between ₹185 to ₹195 per share.

What are the open and close dates for the Solar91 Cleantech Ltd IPO?

The Solar91 Cleantech Ltd IPO opens on Invalid Date and closes on Invalid Date.

When will the Solar91 Cleantech Ltd IPO be allotted?

The allotment for the Solar91 Cleantech Ltd IPO will be finalised on Invalid Date. The shares will be listed on BSE and NSE on Invalid Date.

What is the minimum lot size required for Solar91 Cleantech Ltd IPO?

The minimum lot size for Solar91 Cleantech Ltd IPO is 600 shares, priced between ₹185 to ₹195 per share.

What is the GMP of Solar91 Cleantech Ltd IPO?

The GMP (Grey Market Premium) of Solar91 Cleantech Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Solar91 Cleantech Ltd IPO?

To check the allotment status of Solar91 Cleantech Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Solar91 Cleantech Ltd IPO getting listed?

The Solar91 Cleantech Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Invalid Date, and closes on Invalid Date. The allotment is finalised on Invalid Date.

How do you apply for the Solar91 Cleantech Ltd IPO?

To apply for the Solar91 Cleantech Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.