Solarium Green Energy IPO: Comprehensive Investor Guide
10 February 2025 · Sachin Gadekar
At TapBonds.com, we are committed to providing our readers with the latest insights into investment opportunities. The upcoming Solarium Green Energy IPO has garnered significant attention in the market. In this article, we'll delve into the essential details of this IPO, including key dates, price band, company overview, and more.
Solarium Green Energy IPO Details
IPO Dates: February 6, 2025 – February 10, 2025
Price Band: ₹181 to ₹191 per share
Lot Size: 600 shares
Minimum Investment: ₹1,08,600
Issue Size: ₹105.04 crore
Listing Date: February 13, 2025
Listing Exchange: BSE SME
Company Overview
Established in 2015, Solarium Green Energy Limited specializes in providing comprehensive solar solutions. The company offers turnkey services encompassing design, engineering, procurement, construction, testing, commissioning, and maintenance of solar power plants. Their projects span residential rooftops, commercial and industrial installations, and government initiatives. Additionally, Solarium Green Energy is involved in the sale of solar products such as photovoltaic modules, inverters, and availability-based tariff meters.
Financial Highlights
As of September 30, 2024, Solarium Green Energy reported total assets of ₹95.25 crore and a profit after tax of ₹7.55 crore. The company's net worth stood at ₹33.13 crore, with reserves and surplus amounting to ₹17.78 crore.
Subscription Details
The IPO has been structured with specific quotas for different investor categories:
Qualified Institutional Buyers (QIBs): Not more than 50% of the net offer
Non-Institutional Investors (NIIs): Not less than 15% of the net offer
Retail Individual Investors (RIIs): Not less than 35% of the net offer
As of February 10, 2025, the IPO was subscribed 1.53 times, with the retail portion subscribed 2.42 times, NIIs at 1.48 times, and QIBs at 2.71 times.
Grey Market Premium (GMP)
The Grey Market Premium for Solarium Green Energy IPO was approximately ₹10 per share as of February 10, 2025. This suggests a potential listing price of ₹201, indicating a 5% premium over the upper end of the price band. Investors should note that GMPs are subject to change and should not be the sole factor in making investment decisions.
Allotment and Listing
Allotment Date: February 11, 2025
Listing Date: February 13, 2025
Investors can check the allotment status on the registrar's website or through their broker platforms once the allotment is finalized.
FAQs On Solarium Green Energy IPO
1. What is the price band for the Solarium Green Energy IPO?
The price band is set between ₹181 to ₹191 per share.
2. When will the Solarium Green Energy IPO open and close for subscription?
The IPO will open on February 6, 2025, and close on February 10, 2025.
3. What is the minimum investment required for retail investors?
Retail investors can bid for a minimum of 600 shares, amounting to an investment of ₹1,08,600 at the upper end of the price band.
4. How can I check the allotment status?
The allotment status can be checked on the registrar's website or through your broker's platform after the allotment date.
5. When is the expected listing date for Solarium Green Energy shares?
The shares are expected to be listed on February 13, 2025, on the BSE SME platform.
Conclusion
The Solarium Green Energy IPO presents a notable opportunity for investors interested in the renewable energy sector. As always, it's essential to assess your investment objectives and consult with financial advisors before making investment decisions.
For more insights into upcoming IPOs and investment opportunities, visit our Knowledge Center at TapBonds.com.