Solarium Green IPO Details
The Solarium Green IPO is a book build issue with a total issue size of ₹105.04 cr, comprising of fresh issue of 5499600 equity shares. Solarium Green IPO opened for subscription on Feb 06, 2025 and closed on Feb 10, 2025. Solarium Green IPO is set price band at ₹181 to ₹191 per share, with a lot size of 600 shares. Minimum investment for Retail investors was ₹229,200.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Feb 11, 2025, and listed on both the NSE and BSE on Feb 13, 2025.
MUFG Intime India Private Limited has been appointed as the registrar. Beeline Capital Advisors Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Solarium Green IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 181 – 191
- Lot Size
- 600
- Issue Size
- ₹105.04 Cr
- Minimum Investment
- ₹229200 (1200 Shares)
- Listing Date
- 13 February 2025
Current GMP
₹5 (+2.62%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
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 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.
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 per share.
Solarium Green IPO lot size is 600 shares, Retail investors need a minimum investment of ₹229200 based on the upper price band
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.
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.
Solarium Green IPO issue size is ₹105.04 crores.
Solarium Green IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.