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Solarium Green IPO

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BSE 06 February - 10 February 2025
Solarium Green Energy Limited IPO is a book build issue of 105.04 Cr. The issue is entirely a fresh issue of 5499600 shares aggregating to 105.04 Cr. Solarium Green Energy Limited IPO opened for subscription on Feb 06, 2025 and closed on Feb 10, 2025. The allotment for the this IPO was finalized on Feb 11, 2025. IPO was listed on NSE and BSE on Feb 13, 2025. Solarium Green Energy Limited IPO is set issue price band at ₹181 to ₹191 per share.

Current GMP

₹5 (+2.62%)

Price Band

₹ 181 – 191

Lot Size

600

Issue Size

₹105.04 Cr

Minimum Investment

₹229200 (1200 Shares)

Listing Date

13 February 2025

Subscription

8.28x

About the Company

Solarium Green Energy Limited, originally founded as Solarium Green Energy LLP in December 2015, was later converted into a private limited company in February 2022 and then into a public limited company in April 2024. The company provides turnkey solar solutions, specializing in design, engineering, procurement, construction, testing, commissioning, and maintenance of solar power plants. They serve a broad range of projects, including residential rooftop installations, commercial and industrial (C&I) rooftop and ground-mounted projects, and government projects. In addition, the company sells solar products such as photovoltaic modules, solar inverters, and availability-based tariff meters.

The company’s leadership, consisting of promoters Ankit Garg and Pankaj Vallabhbhai Gothi, brings over 20 years of experience in renewable energy and related industries. In 2018, Solarium began manufacturing polycrystalline solar panels under its own brand but ceased manufacturing in February 2024 due to regulatory changes. They have since expanded their operations to focus on turnkey solar and hybrid solutions.

Solarium Green Energy also holds a 99.99% stake in Solarium Ventures LLP, which operates in the same sector. The company is involved in both residential and commercial EPC (Engineering, Procurement, and Commissioning) contracts, managing everything from site assessments to installation and O&M services. Their portfolio includes 11,195 residential rooftop projects, 172 C&I rooftop and ground-mounted projects, and 17 government projects completed in the past three years.

Revenue is generated primarily through two business verticals: turnkey solar solutions (including residential, C&I, and government projects) and the sale of solar products. The company’s projects are executed through fixed-price lump-sum turnkey contracts or item rate contracts, depending on the nature of the work.

Solarium is committed to customer satisfaction, offering comprehensive operation and maintenance services post-installation, ensuring long-term performance and reliability of their systems. As of December 2024, they have a strong ongoing order book, with projects valued at ₹18,507.16 Lakhs and a pipeline of government tenders worth over ₹88,000 Lakhs. The company continues to grow its footprint across various regions, including Gujarat, Jammu, and West Bengal.

Promoters

  1. Ankit Garg 
  2. Pankaj Vallabhbhai Gothi
Promoters Holding

Holding Pre Issue

78.50%

Holding Post Issue

0.00%

Objects of the Issue

The Company intends to utilized the proceeds towards the following objects:

  1. To Meet Working Capital Requirements
  2. General Corporate Purposes

Address / Contact Info

Solarium Green Energy Limited
B-1208 World Trade Tower,
B/H Skoda Showroom,
Makarba, Ahmedabad 380051

Phone: +91 91065 49999
Email: investor@solariumenergy.in
Website: http://www.solariumenergy.in/

IPO Snapshot

Face Value₹10 per share
Price Band₹ 181 – 191
Lot Size600
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 105.04 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 105.04 Cr
Listing AtBSE
Industry
Sector
QIB Quota0%
Retail Quota0%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Solarium Green IPO is a Book-building IPO worth ₹105.04 crores. The price band is ₹181 to 191 per share. The IPO opens on Thu, Feb 6, 2025 and closes on Mon, Feb 10, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.

The Solarium Green IPO opens on Thu, Feb 6, 2025 and closes on Mon, Feb 10, 2025

Solarium Green IPO Price Band is ₹181 to 191.

Solarium Green IPO lot size is 600, and the minimum amount required for application is ₹229200.

The minimum investment for Solarium Green IPO is approximately ₹229200 based on the upper price band.

To apply for the Solarium Green IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Feb 10, 2025. After submission, funds are blocked until the basis of allotment of Solarium Green IPO is finalised.

Solarium Green IPO issue size is ₹105.04 crores.

Solarium Green IPO allotment date is Sat, Jun 27, 2026.

The registrar for Solarium Green IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Solarium Green IPO through their official website or helpline.

The Solarium Green IPO GMP (Grey Market Premium) is ₹5 as of Thu, Feb 13, 2025. Based on the upper price band of ₹191 per share, the estimated Solarium Green IPO listing price is ₹196, indicating a potential listing gain of approximately 31% over the issue price.