Solarium Green Energy Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,605,800 (47%) | — | ₹4,977 Cr |
| NII (HNI) | — | 782,400 (14%) | — | ₹1,494 Cr |
| Retail | — | 1,824,600 (33%) | — | ₹3,485 Cr |
| Market Maker | — | 286,800 (5%) | — | ₹55 Cr |
| Σ Total | — | 5,499,600 (100%) | — | ₹105,042 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹114,600 |
| Retail (Max) | 13 | 7,800 | ₹1,489,800 |
| S-HNI (Min) | 14 | 8,400 | ₹1,604,400 |
| B-HNI (Min) | 67 | 40,200 | ₹7,678,200 |
Financial Statements Amount in ₹ Crores
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 82 | 178 | 99 |
| Profit After Tax | 8 | 16 | 2 |
| Net Worth | 33 | 20 | 5 |
| Total Assets | 95 | 77 | 44 |
| Reserves & Surplus | 18 | 17 | 2 |
| Total Borrowing | 33 | 31 | 27 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To Meet Working Capital Requirements –
- General Corporate Purposes –
Company Overview
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