IPO - Check IPO Date, Price, Lot Size

Solarium Green Energy Ltd IPO

Our company provides Turnkey Solar Solutions which involves design, engineering, procurement & supply, construction & erection, testing, commissioning, associated transmission system and comprehensive Operation & Maintenance (O&M) of solar power plant. We serve a wide range of projects, including Residential rooftop projects, Commercial and Industrial (C&I) roof top and Ground Mounted projects, as well as Government Projects. Along with our turnkey solutions, we are also involved in Sale of Solar Products i.e. Solar PV (Photovoltaic) Modules, Solar PV Inverters, Availability Based Tariff Meters (ABT) and other solar products. We are accredited with various certifications including BIS (Bureau of Indian Standards), ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018.

Solarium Green Energy Ltd IPO Details

Total Shares Offered

₹ 54,99,600

Offer to Public

TBA

Retail Max (Shares)

₹ 18,24,600

Pre Issue Promoters Holding

₹ 1,20,49,029

Exchange

BSE

Issue size

₹ 105.04 Cr

IPO Open Date

Feb 6, 2025

Close Date

Feb 10, 2025

Lot Size

600

Min Investment

₹ 1,08,600

Issue Type

Book Building - SME

Listing Date

Feb 13, 2025

Solarium Green Energy Ltd IPO Dates

Feb 6, 2025

Opening date

Feb 10, 2025

Closing date

Feb 11, 2025

Basis of Allotment

Feb 12, 2025

Initiation of Refunds

Feb 12, 2025

Credit of Shares

Feb 13, 2025

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*	Shares Bid*
QIB	3.42x	2605800	8918400
NII	18.41x	782400	14403600
Retail	5.08x	1824600	9261600
Employee	0x	0	0
Total	5.92x	5499600	32583600

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

3.42x

18.41x

5.08x

5.92x

2605800

782400

1824600

5499600

8918400

14403600

9261600

32583600

Solarium Green Energy 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	230.08	177.40	4.68
EBITDA	24.37	22.98	6.31
PAT	18.59	15.74	1.74
Total Assets	223.59	64.78	34.09
Share Capital	20.85	3.00	3.00
Total Borrowings	85.06	30.54	28.56
Operating Activities (Net Cash)	19.50	16.52	3.37
Investing Activities (Net Cash)	0.01	0.00	0.00
Financing Activities (Net Cash)	85.06	30.54	28.56
Net Cashflow	77.00	1.63	3.65

About Solarium Green Energy Ltd

Our Company was originally formed as a Limited Liability Partnership in the name and style of Solarium Green Energy LLP, under the provisions of the Limited Liability Partnership Act, 2008, on December 17, 2015, vide certificate of incorporation issued by Registrar of Companies, Ahmedabad. Later on, Solarium Green Energy LLP was converted to a Private Limited company under Part I chapter XXI of the Companies Act, 2013, under the name of Solarium Green Energy Private Limited and received certificate of incorporation from Central registration Center, Registrar of Companies dated February 24, 2022. Subsequently, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders at an Extra-ordinary General Meeting held on April 11, 2024, and the name of Company was converted to Solarium Green Energy Limited and a fresh certificate of incorporation consequent upon conversion dated June 21, 2024, was issued by the Central Processing Centre, Registrar of Companies.

We are primarily engaged in the renewable energy sector whereby we operate in solar energy projects which involves design, engineering, procurement & supply, construction & erection, testing, commissioning, associated transmission system and comprehensive Operation & Maintenance (O&M).

Peer Comparison:

Zodiac Energy Ltd
Oriana Power Ltd

Solarium Green Energy Ltd Key Points

Strengths

Scaled and integrated operations for renewable energy projects.

Diversified Portfolio with strong domestic presence.

Strong relationship with customers and suppliers.

Experienced management team with industry expertise.

Risk

The company revenues are highly dependent on its operations in the geographical region of the State of Gujarat. Any adverse development affecting its operations in this region could have an adverse impact on the company business, financial condition and results of operations.

The company were engaged in the manufacturing of Polycrystalline Solar Module from year 2018, which was put on halt in February, 2024, due to reforms in Approved List of Modules and Manufacturers of Solar Photovoltaic Modules by Ministry of New & Renewable Energy. Any such regulatory changes or change by Ministry of New & Renewable Energy or any other government authority in policy in relation to solar modules or ancillary products may affect the company's operations, cash flows and financial conditions.

The company business is dependent on few numbers of clients. Its Top 10 customers contributed 40.76%, 41.01%, 25.98% and 39.71% of revenue from operations in period/financial year ended on September 30, 2024, March 31, 2024, 2023 and 2022, respectively. The loss of any of these clients could have an adverse effect on its business, financial condition, results of operations and cash flows.

Strategy

Improve Domestic Presence.

Continue to invest in and improve our integrated business model.

Customer Satisfaction.

Maintaining edge over competitors.

How To Apply for Solarium Green Energy 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 Solarium Green Energy Ltd IPO?

Solarium Green Energy Ltd's IPO offers shares for up to 105.04 It begins on Feb 6, 2025 and ends on Feb 10, 2025.

What is the price of the Solarium Green Energy Ltd IPO?

The price of Solarium Green Energy Ltd IPO ranges between ₹181 to ₹191 per share.

What are the open and close dates for the Solarium Green Energy Ltd IPO?

The Solarium Green Energy Ltd IPO opens on Feb 6, 2025 and closes on Feb 10, 2025.

When will the Solarium Green Energy Ltd IPO be allotted?

The allotment for the Solarium Green Energy Ltd IPO will be finalised on Feb 11, 2025. The shares will be listed on BSE and NSE on Feb 13, 2025.

What is the minimum lot size required for Solarium Green Energy Ltd IPO?

The minimum lot size for Solarium Green Energy Ltd IPO is 600 shares, priced between ₹181 to ₹191 per share.

What is the GMP of Solarium Green Energy Ltd IPO?

The GMP (Grey Market Premium) of Solarium Green Energy Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Solarium Green Energy Ltd IPO?

To check the allotment status of Solarium Green Energy 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 Solarium Green Energy Ltd IPO getting listed?

The Solarium Green Energy Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 6, 2025, and closes on Feb 10, 2025. The allotment is finalised on Feb 11, 2025.

How do you apply for the Solarium Green Energy Ltd IPO?

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