Solarium Green IPO
- IPO Date06 Feb, 2025 to 10 Feb, 2025
- Listing Date13 Feb, 2025
- Face Value₹10 per share
- Issue Price₹181 to ₹191 per share
- Lot Size600 Shares
- Minimum Investment₹1,14,600
- Listing AtBSE SME
- Total Issue Size54,99,600 Shares
(aggregating up to ₹105.04 Cr) - Fresh Issue54,99,600 Shares
(aggregating up to ₹105.04 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,53,50,000
- Shareholding post issue2,08,49,600
IPO Dates
Closing Date
10 Feb, 2025
Initiation of Refunds
12 Feb, 2025
Listing Date
13 Feb, 2025
06 Feb, 2025
Opening Date
11 Feb, 2025
Basis of Allotment
12 Feb, 2025
Credit of Shares
Solarium Green Lot Size
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,14,600 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 600 | ₹1,14,600 |
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 1200 | ₹2,29,200 |
Solarium Green Promoter Holding
Ankit Garg, and Pankaj Vallabhbhai Gothi are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 78.5% | - |
Solarium Green COMPANY INFORMATION
Solarium Green IPO is a book built issue of Rs 105.04 crores. The issue is entirely a fresh issue of 55.00 lakh shares. Solarium Green IPO opens for subscription on February 6, 2025 and closes on February 10, 2025. The allotment for the Solarium Green IPO is expected to be finalized on Tuesday, February 11, 2025. Solarium Green IPO will list on BSE SME with tentative listing date fixed as Thursday, February 13, 2025. Solarium Green IPO price band is set at ₹181 to ₹191 per share. The minimum lot size for an application is 600. The minimum amount of investment required by retail investors is ₹1,14,600. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹2,29,200. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Solarium Green IPO, while Link Intime India Private Ltd is the registrar for the issue.The market maker for Solarium Green IPO is Spread X Securities Private Limited. Refer to Solarium Green IPO RHP for detailed information.
Incorporated in 2015, Solarium Green Energy Limited is engaged in the business of Solar Solutions.
The company provides turnkey solar solutions, including design, engineering, procurement, construction, testing, commissioning, transmission systems, and Operation & Maintenance for residential, commercial, industrial, and government solar projects.
The company offers turnkey EPC (Engineering, Procurement, and Commissioning) contracts, covering site assessment, technology evaluation, engineering, supply chain management, construction, logistics, manpower, financial planning, and warranties for solar projects.
Business Model:
Turnkey Solutions for Solar Projects: The company provides residential rooftop solar installations, C& rooftopand ground-mounted projects, and government tenders for various renewable energy systems, including hybrid solutions and grid-connected installations.
Sale of Solar Products: The company supplies solar products, including PV modules, inverters, and ABT meters, procure items from accredited vendors, and previously manufactured polycrystalline solar modules for turnkey projects and direct client supply.
The company has completed 11,195 residential, 172 Commercial and Industrial, and 17 government solar projects in the past three years.
As of September 30, 2024, the company employs 253 people.
Competitive 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
Solarium Green Energy IPO
IPO Overview and Key Highlights
Solarium Green Energy Limited, an Ahmedabad-based renewable energy company, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of 54,99,600 equity shares with a face value of ₹10 per share. There is no Offer for Sale (OFS), making it a 100% fresh issue. The funds will be utilized for business expansion, working capital, and general corporate purposes. The shares will be listed on the SME Platform of BSE.
Key IPO Details
- Type of Issue: 100% Book Built Issue
- Total Issue Size: 54,99,600 equity shares
- Face Value: ₹10 per share
- Price Band: To be determined
- Offer Opens: February 6, 2025
- Offer Closes: February 10, 2025
- Listing Exchange: BSE SME
Company Overview
Solarium Green Energy Limited was initially incorporated as Solarium Green Energy LLP in 2015. It later converted into a private limited company in 2022 and subsequently into a public limited company in 2024. The company is involved in renewable energy solutions, with a focus on solar energy projects and infrastructure development.
- Promoters: Ankit Garg and Pankaj Vallabhbhai Gothi
- Headquarters: Ahmedabad, Gujarat
- Corporate Identification Number (CIN): U31909GJ2022PLC129634
Financial Overview
Solarium Green Energy has demonstrated consistent revenue growth, benefiting from the increasing demand for renewable energy solutions. The IPO proceeds will be used to expand solar energy projects, enhance production capacity, and strengthen financial stability.
Key Strengths of Solarium Green Energy
- Established Industry Presence • Strong foothold in the renewable energy sector.
- No OFS • The entire issue is a fresh issue, ensuring funds are directed toward company growth.
- Strategic Growth Plans • Expansion in the domestic and international renewable energy market.
- Experienced Leadership • Led by industry veterans with deep expertise in solar energy solutions.
IPO Pros and Cons
Pros
- Growing Renewable Energy Sector • Increasing global and domestic demand for clean energy solutions.
- Government Incentives • Supportive policies and subsidies for solar power adoption.
- Strong Business Model • Focus on infrastructure development and sustainable energy.
Cons
- Market Dependency • Revenue is tied to the renewable energy market and government policies.
- Competitive Industry • Faces competition from other renewable energy providers.
- Regulatory Challenges • Compliance with evolving environmental and energy regulations.
Risk Factors
Potential investors should consider the following risks before investing:
- Sector Volatility • Renewable energy markets are subject to regulatory changes and policy shifts.
- Operational Challenges • Scaling projects while maintaining efficiency and profitability.
- Financial Risks • Dependence on government subsidies and incentives.
Conclusion
The Solarium Green Energy IPO presents an opportunity to invest in a fast-growing renewable energy company. With no Offer for Sale, all funds raised will be used for expansion and operational growth, making it an attractive investment. However, investors should evaluate factors like market dependency, regulatory risks, and competition before making a decision.
FAQs About Solarium Green Ipo
Solarium Green IPO will open on 06 Feb, 2025 and close on 10 Feb, 2025. Investors must apply within this period to participate.
The Solarium Green IPO price band is set between ₹181.00 and ₹191.00 per share. The minimum lot size is 600, requiring an investment of at least ₹114600.00.
The Solarium Green IPO shares are expected to be listed on 13 Feb, 2025, subject to regulatory approvals and final allotment.
You can track your Solarium Green IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Solarium Green IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.