The SME initial public offering (IPO) of Solarium Green Energy, which specializes in providing turnkey solar solutions, will open for public bidding on Thursday, February 06. The company aims to raise Rs 105.04 crore entirely through a fresh equity issuance of 55 lakh shares, and its stock set to list on the BSE SME platform on February 13.
Price Band for Solarium Green Energy IPO
The IPO price band is set at Rs 181 to Rs 191 per share.
Latest GMP for Solarium Green Energy IPO
Solarium Green Energy’s unlisted shares are currently not commanding any premium (GMP) in the grey market.
IPO Lot Size
The minimum lot size for retail investors is 600 shares, requiring a minimum investment of Rs 1,14,600. For High Net-Worth Individuals (HNIs), the minimum investment is 2 lots, or 1,200 shares, totaling Rs 2,29,200.
Proceeds from IPO
The company plans to utilize the funds raised for meeting working capital requirements and addressing general corporate expenses.
Solarium Green Energy IPO’s Listing, Allotment, and Closing Dates
The Solarium Green IPO will open for subscription on Thursday, February 06, and the public bidding ends on Monday, February 10. The allotment of shares is scheduled to be finalized on Tuesday, February 11. The IPO is set to list on the BSE SME platform, with the tentative listing date being Thursday, February 13.
About Solarium Green Energy Limited
Founded by Ankit Garg, an alumnus of the Indian School of Mines, Dhanbad, Solarium Green Energy is a leading provider of turnkey solar solutions. The company offers services including design, engineering, procurement, testing, installation, commissioning, and maintenance. It specializes in solar energy projects such as residential and commercial rooftop systems, ground-mounted installations, solar trees, carports, and solar-wind hybrid projects. The company serves a diverse clientele across residential, commercial, industrial, and government sectors.
Solarium Green Energy’s Financials
For FY24, the company reported revenue from operations of Rs 177.80 crore, with an EBITDA of Rs 23.78 crore and a PAT of Rs 15.59 crore. For the first half of FY25, it reported revenue of Rs 81.99 crore, EBITDA of Rs 11.59 crore, and PAT of Rs 7.55 crore.
IPO’s Book Running Lead Manager and Registrar
Beeline Capital Advisors Private is the Book Running Lead Manager for the issue, while Link Intime India serves as the Registrar.
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