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Solarium Green Energy IPO
8.03xsubscribed

Solarium Green Energy IPO

Power Generation/Distribution
listed
₹1.09LMin. investment

Solarium Green Energy Limited IPO Details

SectorPower Generation/Distribution
Price range₹181 – ₹191
IPO type
SME
Lot size600 shares
Issue size₹105Cr
Red Herring Prospectus
Read
Market cap
₹398.23CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹177.39CrLower than sector avg
Growth rate3Y CAGR
1.96%Higher than sector avg

Solarium Green Energy IPO Subscription Status

Date
QIB
NII
Retail
Total
06-Feb-25
1.96 times (X)
0.35 times (X)
0.74 times (X)
1.0 times (X)
07-Feb-25
2.71X
0.62X
1.38X
1.6X
10-Feb-25
8.55X
14.84X
4.8X
8.03X

As on 06-Feb-25, 5:30 PM

Solarium Green Energy IPO Timeline

  1. Pre-apply
    4 Feb 2025
  2. Bid start
    6 Feb 2025
  3. Bid end
    10 Feb 2025
  4. Allotment
    11 Feb 2025
  5. Release of funds
    12 Feb 2025
  6. Demat transfer
    12 Feb 2025
  7. Listing
    13 Feb 2025

About Solarium Green Energy Limited

Solarium Green Energy Limited, led by promoters Mr. Ankit Garg and Mr. Pankaj Vallabhbhai Gothi, is a key player in the renewable energy sector. Founded in 2018, the company initially produced polycrystalline solar panels but shifted focus to providing solar and hybrid solutions due to regulatory changes in 2024. It offers turnkey EPC services, including site assessments, technology evaluations, engineering, and O&M services. With over 11,000 residential projects completed, it has expanded its presence across multiple states in India, competing in government tenders worth ₹88,536.59 Lakhs.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Objectives of Solarium Green Energy Limited IPO

Working capital requirements
The company will allocate ₹71 Cr for its own working capital needs.
General corporate purposes
The company will use part of its net IPO proceeds for general corporate purposes.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹177.39Cr1.96%₹15.58Cr₹398.23Cr18.381.51
This sector (avg.)₹7,783.3Cr0.01%₹1,281.2Cr₹38,103.65Cr45.352.10
₹1,88,138.06Cr---₹20,251.23Cr₹3,45,201.3Cr14.281.36
₹45,792.32Cr---₹15,245.13Cr₹2,38,560.5Cr15.691.41
₹11,212Cr---₹1,557Cr₹1,40,388.8Cr98.956.59

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

Solarium Green Energy IPO Contact Details

Company NameSolarium Green Energy Limited

How to apply for Solarium Green Energy IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Solarium Green Energy Limited IPO FAQs