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Solarium Green Energy Ltd

Infrastructure Developers & Operators

Offer Period :

6th to 10th Feb 2025

Solarium Green Energy Ltd IPO Details

IPO Date 6th to 10th Feb 2025 Minimum Investment ₹114600 / 1 Lots
Listing Date 2025-02-13 Maximum Investment ₹114600 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹105.04 Crores
Price ₹191 to ₹191 per share Fresh Issue ₹105.04 Crores
Lot Size 1 Lots (600 Shares) Offer For Sale ₹ [-]
Listing At BSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 15350000 Shares
Issue Type Book Building - SME Shareholding Post Issue 20849600 Shares
IPO Date 6th to 10th Feb 2025
Listing Date 2025-02-13
Face Value ₹10 per share
Price ₹191 to ₹191 per share
Lot Size 1 Lots (600 Shares)
Listing At BSE-SME
Total Issue Size ₹105.04 Crores
Employee Discount ₹0 per share
Issue Type Book Building - SME
Minimum Investment ₹114600 / 1 Lots
Maximum Investment ₹114600 / 1 Lots
Fresh Issue ₹105.04 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 15350000 Shares
Shareholding Post Issue 20849600 Shares

About Solarium Green Energy Ltd IPO

Founding Head: 2022

Managing Director: Ankit Garg

SOLARIUM GREEN ENERGY LIMITED Timeline

Important dates for allocation and IPO listing.

6th Feb

IPO Opens

10th Feb

IPO Close

11th Feb

Allotment Date

12th Feb

Initiation of Refund

12th Feb

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 78.5 57.79
Public Group 21.5 42.21

Solarium Green Energy Ltd IPO Reservation

QIB Shares Offered 1042800(18.96%)
NII (HNI) Shares Offered 782400(14.23%)
Retail Shares Offered 1824600(33.18%)
Anchor Investor Shares Offered 1563000(28.42%)
Total Shares Offered 5499600
Total Shares With Anchor Investor 5499600

Solarium Green Energy Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 600 ₹114600
Retail (Max) 1 600 ₹114600
S HNI (Min) 2 1200 ₹229200
S HNI (Max) 8 4800 ₹916800
B HNI (MIN) 9 5400 ₹1031400

Solarium Green Energy Ltd IPO Anchor Investor Details

Bid Date 05 February 2025
Shares Offered 0
Anchor Portion Size 0

Solarium Green Energy Ltd IPO Registrar

MUFG Intime India Pvt Ltd
Phone Number +91 810 811 4949
Email Id solarium.smeipo@linkintime.co.in
Our Website www.linkintime.co.in

Solarium Green Energy Ltd IPO Lead Manager

1. Beeline Capital Advisors Pvt Ltd

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Solarium Green Energy Ltd Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31, 2022
Net Worth ₹20.33 ₹4.74 ₹3
Reserves and Surplus ₹17.33 ₹1.74 ₹0
Total Borrowing ₹30.76 ₹26.72 ₹14.8

Solarium Green Energy Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 1042800 8918400 8.5524
Non Institutional Investors (NIIs) 782400 14403600 18.4095
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 782400 0 0
Retail Individual Investors (RIIs) 1824600 9261600 5.076
Total 5499600 32583600 5.9247

Strength of Solarium Green Energy Ltd

1. Scaled and integrated operations for renewable energy projects.

2. Diversified Portfolio with strong domestic presence.

3. Strong relationship with customers and suppliers.

4. Experienced management team with industry expertise.

Risks Involved

1. 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.

2. 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.

3. 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.

4. Several of its key raw materials and components are sourced from a limited group of suppliers, which exposes it to supplier concentration risks. Any restriction in supply or defects in quality could cause delays in project construction or implementation and impair its ability to provide the company services to clients at a price that is profitable to it, which could have a material adverse effect on its business, financial condition and results of operations.

5. The company is exposed to risks associated with time and cost overruns, delays or under- estimations of its costs of construction, which may affect the economic viability of the company renewable energy projects.

6. Its may be unable to accurately estimate costs under Lumpsum turnkey contracts, fails to maintain the quality under its turnkey contracts and the company may experience delays in completing the construction of solar power projects, which may increase its construction costs and working capital requirements, and may have a material adverse effect on its financial condition, cash flow and results of operations.

7. The company as well as its Promoters may be involved in certain legal proceedings, which may materially and adversely affect its business financial condition and results of operations.

8. Orders in its order book may be delayed, modified or cancelled, and letters of intent may be withdrawn or may not translate to confirmed orders, which may have a material adverse effect on its business, results of operations and financial condition.

9. The Company has experienced negative cash flow in the past and may continue to do so in future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.

10. The company has in the past entered into a number of related party transactions and may continue to enter into related party transactions in the future on an arm's length basis, and there can be no assurance that the company could not have achieved more favourable terms if such transactions had not been entered into with related parties.

Why should you invest in

-

Solarium Green Energy Ltd Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

SOLARIUM GREEN ENERGY LIMITED IPO Contact Details

Solarium Green Energy Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2025-02-13 544354 -
INE0W0H01017
₹191 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹191 ₹191
Open ₹202 ₹0
Low ₹202 ₹0
High ₹212.1 ₹0
Low ₹202 ₹0

Frequently Asked Questions

What is Solarium Green Energy Ltd IPO?

Answer Field

Solarium Green Energy Ltd IPO is a SME IPO of 54,99,600 equity shares of a face value of ₹10 aggregating up to ₹105.04 Crores. The issue is priced at ₹191 to ₹191 per share. The minimum order quantity is 600 Shares. The IPO opens on February 06, 2025, and closes on February 10, 2025. MUFG Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When Solarium Green Energy Ltd IPO will open?

Answer Field

The Solarium Green Energy Ltd IPO opens on February 06, 2025 and closes on February 10, 2025.

What is the lot size of Solarium Green Energy Ltd?

Answer Field

Solarium Green Energy Ltd lot size is 600 shares, and the minimum amount required is ₹1,14,600.

How to apply for Solarium Green Energy Ltd IPO?

Answer Field

You can apply in Solarium Green Energy Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Solarium Green Energy Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Solarium Green Energy Ltd IPO will be done on February 11, 2025, and the allotted shares will be credited to your demat account by February 12, 2025.

When is Solarium Green Energy Ltd IPO listing date?

Answer Field

The Solarium Green Energy Ltd listing date is February 13, 2025.

Who is the registrar of Solarium Green Energy Ltd IPO?

Answer Field

The registrar of Solarium Green Energy Ltd IPO is MUFG Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Beeline Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Solarium Green Energy Ltd IPO?

Answer Field

The fresh issue size is ₹105.04 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Solarium Green Energy Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 600 shares and ₹1,14,600 amount.

How can I approve the UPI mandate request for Solarium Green Energy Ltd IPO?

Answer Field

To apply for Solarium Green Energy Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Solarium Green Energy Ltd?

Answer Field

The price of each Solarium Green Energy Ltd share will be ranging in between ₹191 to ₹191 per share.

What is the cut-off time for the UPI mandate for Solarium Green Energy Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 10, 2025.

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