Solarium Green Energy Ltd IPO
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Solarium Green Energy Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 55 L | TBA | ₹ 18.25 L | ₹ 120.49 L | BSE | ₹ 105.04 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 06 Feb, 25 | 10 Feb, 25 | 600 | ₹ 1,08,600 | Book Building - SME | 13 Feb, 25 |
Solarium Green Energy 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 | 3.42x | 2605800 | 8918400 |
| NII | 18.41x | 782400 | 14403600 |
| Retail | 5.08x | 1824600 | 9261600 |
| Employee | 0x | 0 | 0 |
| Total | 5.92x | 5499600 | 32583600 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Solarium Green Energy Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 22.13 | 4.68 | 4.36 |
| EBITDA | 23.42 | 6.31 | 5.34 |
| PAT | 15.59 | 1.74 | 2.05 |
| Total Assets | 64.75 | 34.09 | 24.24 |
| Share Capital | 3.00 | 3.00 | 3.00 |
| Total Borrowings | 31.78 | 28.56 | 15.51 |
| Operating Activities (Net Cash) | 16.88 | 3.37 | 3.03 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 31.78 | 28.56 | 15.51 |
| Net Cashflow | 1.63 | 3.65 | 1.32 |
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 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).
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.
Peer Comparison:
- Zodiac Energy Ltd
- Oriana Power Ltd
Solarium Green Energy Ltd IPO 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.
- 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.
How To Apply for Solarium Green Energy 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.
