Solarium Green IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Thu, 06 Feb 2025
Close Date
Mon, 10 Feb 2025
Price Band
₹ 181 – 191
Lot Size
600
Issue Size
₹ 105.04 Cr
Minimum Investment
₹ 229,200 (1200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Solarium Green IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹105.04 Crore, comprising a fresh issue of 55.00 Lakh equity shares aggregating to ₹105.04 Crore.
The Solarium Green IPO remained open for subscription from February 06, 2025, to February 10, 2025. The basis of allotment was finalized on February 11, 2025, and the company's shares were listed on BSE SME Platform on February 13, 2025.
The company had fixed the price band at ₹181 to ₹191 per share, with a lot size of 600 shares. Retail investors were required to make a minimum investment of ₹229,200 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Beeline Capital Advisors Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Solarium Green Energy Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Solarium Green IPO Timeline (Tentative)
- IPO Open Date
- Thu, 06 Feb 25
- IPO Close Date
- Mon, 10 Feb 25
- Basis of Allotment
- Tue, 11 Feb 25
- Initiation of Refunds
- Wed, 12 Feb 25
- Credit of Shares to Demat
- Wed, 12 Feb 25
- Listing Date
- Thu, 13 Feb 25 — NSE & BSE
Open Date
06 February 2025
Close Date
10 February 2025
Basis Of Allotment
11 February 2025
Listing Date
13 February 2025
IPO Subscription
Check Live Subscription →The Solarium Green IPO has received bids for 3,25,83,000 shares against 39,36,600 shares offered, resulting in an overall subscription of 8.28x. the NII category is subscribed 13.47x, Retail Investors 5.08x, and QIBs 8.55x.
QIB
8.55x
NII
13.47x
RII
5.08x
Total
8.28x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 18,24,600 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 10,42,800 shares (0%), while Non-Institutional Investors (NIIs) receive 10,69,200 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,042,800 | 0% |
| Non-Institutional | 1,069,200 | 0% |
| Retail Investors | 1,824,600 | 0% |
| Total | 3,936,600 | 0% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 95.25 | 77.21 | 44.37 | 31.81 |
| Revenue | 82.34 | 177.81 | 98.93 | 167.89 |
| Profit After Tax | 7.55 | 15.59 | 1.74 | 2.05 |
| Net Worth | 33.13 | 20.33 | 4.74 | 3 |
| Reserve & Surplus | 17.78 | 17.33 | 1.74 | 0 |
| Total Borrowings | 33.48 | 30.76 | 26.72 | 14.8 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Solarium Green Energy Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 124.38 |
| ROCE % | 54.18 |
| Debt / Equity | 1.51 |
| RoNW % | 76.69 |
| Pat Margin % | 8.79 |
Peers Comparison
No Peer Comparision Available
About Solarium Green Energy Limited
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.
Solarium Green IPO Promoters
- Ankit Garg
- Pankaj Vallabhbhai Gothi
Promoters Holding
Holding Pre Issue
78.50%
Holding Post Issue
0.00%
Solarium Green IPO Objective
The Company intends to utilized the proceeds towards the following objects:
- To Meet Working Capital Requirements
- General Corporate Purposes
Solarium Green Energy Limited Address / Contact Details
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
Solarium Green IPO Lot Size
The Solarium Green IPO has a lot size of 600 shares. Retail investors require a minimum investment of ₹1,14,600 by applying for 1 lot (600 shares). The maximum application allowed for the retail category is 1 lots (600 shares), requiring an investment of ₹1,14,600.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | 114,600.00 |
| Retail (Max) | 1 | 600 | 114,600.00 |
| S-HNI (Min) | 2 | 1,200 | 229,200.00 |
Issue Reservation
Book Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Solarium Green IPO?
Solarium Green IPO is a Book-building IPO with a total issue size of ₹105.04 crore. The Solarium Green IPO price band is ₹181 to 191 per share. The Solarium Green IPO subscription opens on Thu, Feb 6, 2025, and closes on Mon, Feb 10, 2025. The Solarium Green IPO will be listed on the BSE. MUFG Intime India Private Limited is the registrar for the Solarium Green IPO.
When will the Solarium Green IPO open for subscription?
The Solarium Green IPO opens on Thu, Feb 6, 2025 and closes on Mon, Feb 10, 2025
What is Solarium Green IPO Price Band?
Solarium Green IPO Price Band is ₹181 to 191 per share.
What is Solarium Green IPO Lot Size?
Solarium Green IPO lot size is 600 shares, Retail investors need a minimum investment of ₹229200 based on the upper price band
What is the minimum investment for Solarium Green IPO?
The minimum investment for Solarium Green IPO is ₹229200, based on one lot of 600 shares at the upper price band of ₹191 per share.
How to apply for Solarium Green IPO?
Investors can apply for the Solarium Green IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Feb 10, 2025. The application amount remains blocked until the Solarium Green IPO allotment is finalized.
What is Solarium Green IPO Issue Size?
Solarium Green IPO issue size is ₹105.04 crores.
What is the Solarium Green IPO Allotment Date?
Solarium Green IPO allotment date is Tue, Feb 11, 2025.
Who is the Solarium Green IPO Registrar?
The registrar for Solarium Green IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Solarium Green IPO allotment status, refund processing, and other IPO-related information.
What is the Solarium Green IPO GMP?
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 2.62% over the issue price.
Who is the Solarium Green IPO Lead Manager?
The book-running lead managers (BRLMs) for the Solarium Green IPO are Beeline Capital Advisors Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Solarium Green IPO Red Herring Prospectus (RHP).