Solarium Green Energy IPO Details & Review
The Solarium Green Energy IPO is set to open for subscription on February 6, 2025, and will close on February 10, 2025. It is a Book Built Issue IPO, aiming to raise approximately ₹105.04 crores through a fresh issue of ₹105.04 crores.
The IPO price band has been set between ₹181 to ₹191 per share, with the listing scheduled on BSE on February 13, 2025. The allotment date is set for February 11, 2025.
Solarium Green Energy IPO Summary
| Particulars | Details |
|---|---|
| IPO Open Date | February 6, 2025 |
| IPO Close Date | February 10, 2025 |
| Face Value | ₹10 per share |
| IPO Price Band | ₹181 – ₹191 per share |
| Issue Size | ₹105.04 Crores |
| Fresh Issue | ₹105.04 Crores |
| Issue Type | Book Built Issue |
| Listing Platform | BSE SME |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
Market Lot for Solarium Green Energy IPO
The minimum market lot for the IPO is 600 shares, requiring an application amount of ₹1,14,600.
| Investor Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 600 | ₹1,14,600 |
| Retail Maximum | 1 | 600 | ₹1,14,600 |
| S-HNI Minimum | 2 | 1,200 | ₹2,29,200 |
Important Dates for Solarium Green Energy IPO
| Event | Date |
|---|---|
| IPO Open Date | February 6, 2025 |
| IPO Close Date | February 10, 2025 |
| Allotment Finalization | February 11, 2025 |
| Refund Process | February 12, 2025 |
| Credit to Demat Accounts | February 12, 2025 |
| IPO Listing Date | February 13, 2025 |
Company Overview: Solarium Green Energy Limited
Founded in 2015, Solarium Green Energy Limited is a prominent provider of solar energy solutions. The company specializes in:
- Design, Engineering, Procurement & Supply
- Construction & Erection of Solar Systems
- Testing, Commissioning & Operations Maintenance
- Comprehensive Transmission Systems for Solar Projects
Solarium caters to residential, commercial, industrial, and government projects, offering a wide range of solar products such as PV modules, inverters, ABT meters, and other related equipment.
With 205 full-time employees as of July 31, 2024, the company has successfully completed:
- 8,506 Residential Rooftop Projects
- 152 Commercial & Industrial Projects
- 8 Government Projects
Solarium Green Energy IPO Financial Report
Financial Performance (₹ in Crores)
| Year | Revenue | Expenses | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹167.89 | ₹164.51 | ₹2.05 | ₹31.81 |
| 2023 | ₹98.93 | ₹95.88 | ₹1.74 | ₹44.37 |
| 2024 | ₹177.81 | ₹156.97 | ₹15.59 | ₹77.21 |
| Sept 2024 | ₹82.34 | ₹71.93 | ₹7.55 | ₹95.25 |
The company saw significant growth in revenue, increasing from ₹98.93 crores in 2023 to ₹177.81 crores in 2024. Similarly, the net profit surged from ₹1.74 crores in 2023 to ₹15.59 crores in 2024, indicating strong financial growth.
Solarium Green Energy IPO Valuation – FY2024
| Metric | Value |
|---|---|
| Return on Equity (ROE) | 124.38% |
| Return on Capital Employed (ROCE) | 54.18% |
| EBITDA Margin | 13.40% |
| PAT Margin | 8.79% |
| Debt-to-Equity Ratio | 1.51 |
| Earnings Per Share (EPS) | ₹10.39 (Basic) |
| Price-to-Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 76.69% |
| Net Asset Value (NAV) per Share | ₹13.55 |
Peer Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Revenue |
|---|---|---|---|---|---|
| Zodiac Energy Ltd | 7.50 | 51.62 | 23.06% | 32.51 | ₹220.06 Cr. |
| Oriana Power Ltd | 33.41 | 22.21 | 37.13% | 76.21 | ₹382.87 Cr. |
Solarium Green Energy has strong financial growth and is emerging as a competitor in the solar industry.
Objectives of the IPO
The company plans to use the IPO proceeds for:
- Meeting Working Capital Requirements
- General Corporate Purposes
IPO Lead Manager & Registrar
- Merchant Banker: Beeline Capital Advisors Pvt Ltd
- Registrar: Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Email: solarium.smeipo@linkintime.co.in
- Website: Link Intime IPO
Solarium Green Energy IPO FAQs
- What is Solarium Green Energy IPO?
- It is an SME IPO aiming to raise ₹105.04 crores. The issue price is ₹181 to ₹191 per share, and it will be listed on BSE.
- When will the IPO open for subscription?
- The IPO opens on February 6, 2025, and closes on February 10, 2025.
- How can investors apply for Solarium Green Energy IPO?
- Investors can apply via ASBA through their bank account or UPI through stockbrokers. Offline applications through brokers are also possible.
- What is the IPO Lot Size?
- The minimum lot size is 600 shares, requiring an investment of ₹1,14,600.
- What is the Solarium Green Energy IPO Listing Date?
- The listing date is scheduled for February 13, 2025, on BSE.
Final Thoughts
Solarium Green Energy has demonstrated strong financial growth, with increasing revenues and profits over the years. Given the company’s presence in the booming solar energy sector, long-term investors may find this IPO attractive. However, as always, potential investors should conduct due diligence before making any decisions.