Solarium Green IPO Overview

Solarium Green IPO is a book built issue of Rs 105.04 crores. The issue is entirely a fresh issue of 55.00 lakh shares.

Solarium Green IPO opens for subscription on February 6, 2025 and closes on February 10, 2025. The allotment for the Solarium Green IPO is expected to be finalized on Tuesday, February 11, 2025. Solarium Green IPO will list on BSE SME with tentative listing date fixed as Thursday, February 13, 2025.

Solarium Green IPO price band is set at ₹181 to ₹191 per share. The minimum lot size for an application is 600. The minimum amount of investment required by retail investors is ₹1,14,600. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹2,29,200.

Beeline Capital Advisors Pvt Ltd is the book running  lead manager of the Solarium Green IPO, while Link Intime India Private Ltd is the registrar for the issue.The market maker for Solarium Green IPO is Spread X Securities Private Limited.

Refer to Solarium Green IPO RHP for detailed information.

Solarium Green IPO Important dates

Solarium Green IPO opens on February 6, 2025, and closes on February 10, 2025.

IPO Open Date Thursday, February 6, 2025
IPO Close Date Monday, February 10, 2025
Basis of Allotment Tuesday, February 11, 2025
Initiation of Refunds Wednesday, February 12, 2025
Credit of Shares to Demat Wednesday, February 12, 2025
Listing Date Thursday, February 13, 2025
Cut-off time for UPI mandate confirmation 5 PM on February 10, 2025

Solarium Green IPO Financial Performance

Period Ended 30 Sep 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 95.25 77.21 44.37 31.81
Revenue 82.34 177.81 98.93 167.89
Profit After Tax 7.55 15.59 1.74 2.05
Net Worth 33.13 20.33 4.74 3
Reserves and Surplus 17.78 17.33 1.74
Total Borrowing 33.47 30.76 26.72 14.8
Amount in ₹ Crore

Solarium Green IPO Key Performance Indicator

The market capitalization of Solarium Green IPO is Rs 398.23 Cr.

KPI as of Sun, Mar 31, 2024.

KPI Values
ROE 124.38%
ROCE 54.18%
Debt/Equity 1.51
RoNW 76.69%
PAT Margin 8.79
Price to Book Value 14.10
Pre IPO Post IPO
EPS (Rs) 10.16 7.25
P/E (x) 18.81 26.36

Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Solarium Green IPO Objectives

The Company intends to utilized the proceeds towards the following objects:

  1. To Meet Working Capital Requirements
  2. General Corporate Purposes

Solarium Green IPO Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 600 ₹1,14,600
Retail (Max) 1 600 ₹1,14,600
HNI (Min) 2 1,200 ₹2,29,200
Lot Size Calculator

Solarium Green IPO Details

IPO Date February 6, 2025 to February 10, 2025
Listing Date [.]
Face Value ₹10 per share
Price Band ₹181 to ₹191 per share
Lot Size 600 Shares
Total Issue Size 54,99,600 shares
(aggregating up to ₹105.04 Cr)
Fresh Issue 54,99,600 shares
(aggregating up to ₹ 105.04 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share Holding Pre Issue 1,53,50,000 shares
Share Holding Post Issue 2,08,49,600 shares
Market Maker Portion 2,86,800 shares
Spread X Securities Private Limited

Solarium Green IPO Company Overview and Services

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

Solarium Green IPO SWOT Analysis

Strengths:

  • Integrated Operations: Solarium Green offers a comprehensive suite of solar solutions, from design and engineering to construction, commissioning, and maintenance. This integrated approach can provide a competitive advantage by streamlining project execution and ensuring quality control.
  • Diversified Portfolio: The company caters to a wide range of clients, including residential, commercial, industrial, and government customers. This diversification can reduce reliance on any single market segment and provide stability.
  • Strong Customer and Supplier Relationships: Building strong relationships with customers and suppliers is crucial in the solar industry. Solarium Green’s established connections can help secure projects and ensure reliable supply chains.
  • Experienced Management Team: A seasoned management team with relevant industry experience can be a significant asset, guiding the company’s strategic direction and operational efficiency.

Weaknesses:

  • Geographical Concentration: A significant portion of Solarium Green’s revenue comes from operations in Gujarat. This geographical concentration can pose risks if there are adverse changes in the region’s policies or market conditions.
  • Dependence on Key Clients: Reliance on a few major clients can be a vulnerability. Losing a key client could significantly impact the company’s financial performance.
  • Supplier Concentration Risks: Sourcing critical materials and components from a limited number of suppliers can create supply chain risks. Any disruptions or quality issues with these suppliers could affect project timelines and profitability.
  • Regulatory and Compliance Risks: The renewable energy sector is subject to evolving government policies and regulations. Changes in these policies can create uncertainties and challenges for the company’s operations.

Opportunities:

  • Growing Renewable Energy Market: The global and Indian renewable energy markets are experiencing significant growth, driven by environmental concerns and government initiatives. This presents a major opportunity for Solarium Green to expand its business.
  • Government Support and Incentives: Governments in many countries, including India, are providing various incentives and subsidies to promote solar energy adoption. These supportive policies can create a favorable environment for Solarium Green’s growth.
  • Technological Advancements: Continuous advancements in solar technology, such as improved efficiency and reduced costs, can create new opportunities for the company to offer innovative solutions and enhance its competitiveness.
  • Expansion into New Markets: Solarium Green can explore expanding its operations into new geographical markets, both domestically and internationally, to diversify its revenue streams and reduce regional risks.

Threats:

  • Intense Competition: The solar industry is becoming increasingly competitive, with both established players and new entrants vying for market share. This can put pressure on pricing and margins.
  • Fluctuations in Raw Material Prices: The cost of key materials and components used in solar projects, such as solar panels and inverters, can fluctuate. These price changes can impact project costs and profitability.
  • Financing Challenges: Securing financing for large-scale solar projects can be challenging. Rising interest rates or tighter credit conditions can affect project viability.
  • Economic Downturn: An economic downturn can impact demand for solar projects as businesses and individuals may cut back on investments.

Solarium Green IPO GMP Details

Solarium Green SME IPO last GMP is ₹28, last updated Feb 5th 2025 09:00 AM. With the price band of 191.00, Solarium Green SME IPO’s estimated listing price is ₹219 (cap price + today’s GMP).The expected percentage gain/loss per share is 14.66%.>> Solarium Green SME IPO Retail Subject to Sauda: ₹12800

We update GMP on a daily basis and based on last 3 sessions grey market activities, today IPO GMP points upward and expects a strong listing. The lowest GMP is ₹0.00, while the highest GMP is ₹28.00. Stay with us to know the daily price trend of Solarium Green SME IPO GMP with expected listing price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
05-02-2025 191.00 ₹28  12800 ₹219 (14.66%) 5-Feb-2025 9:00
04-02-2025 191.00 ₹28   12800 ₹219 (14.66%) 4-Feb-2025 23:30
03-02-2025 191.00 ₹0  — ₹191 (0.00%) 3-Feb-2025 23:32

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Solarium Green IPO Subscription Status

Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

Solarium Green IPO Allotment status 

Solarium Green IPO allotment is expected on Tuesday, February 11, 2025.

Solarium Green IPO allotment status is not available at this time. Solarium Green IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Solarium Green Energy Limited IPO allotment status.

Solarium Green IPO Contact Details

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/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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