Solar91 Cleantech IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Coming Soon
Price Band
₹185 - 195
Current GMP
₹02(13.43%)
Subscription
0
IPO Details
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹185 to ₹195 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 54,36,000 shares (aggregating up to ₹106.00 Cr) |
| Fresh Issue | 54,36,000 shares (aggregating up to ₹ 106.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,50,77,809 shares |
| Share Holding Post Issue | 2,05,13,809 shares |
| Market Maker Portion | 3,04,800 sharesPrabhat Financial Services Ltd. |
IPO Date
to
Listing Date
[.]
Face Value
₹10 per share
Price Band
₹185 to ₹195 per share
Lot Size
600 Shares
Total Issue Size
54,36,000 shares (aggregating up to ₹106.00 Cr)
Fresh Issue
54,36,000 shares (aggregating up to ₹ 106.00 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE SME
Share Holding Pre Issue
1,50,77,809 shares
Share Holding Post Issue
2,05,13,809 shares
Market Maker Portion
3,04,800 sharesPrabhat Financial Services Ltd.
IPO Important Dates
| IPO Open Date | |
| IPO Close Date | |
| Cut-off time for UPI mandate confirmation | 5 PM on |
IPO Open Date
IPO Close Date
Cut-off time for UPI mandate confirmation
5 PM on
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,17,000 |
| Retail (Max) | 1 | 600 | ₹1,17,000 |
| HNI (Min) | 2 | 1,200 | ₹2,34,000 |
ApplicationRetail (Min)
Lots1
Shares600
Amount₹1,17,000
ApplicationRetail (Max)
Lots1
Shares600
Amount₹1,17,000
ApplicationHNI (Min)
Lots2
Shares1,200
Amount₹2,34,000
Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 5,247.35 | 2,495.28 | 1,299.4 |
| Revenue | 5,053.51 | 4,297.4 | 3,766.95 |
| Profit After Tax | 400.01 | 235.81 | 20.33 |
| Net Worth | 2,843.35 | 471.5 | 235.68 |
| Reserves and Surplus | 1,335.57 | 469.95 | 234.14 |
| Total Borrowing | 1,196.44 | 1,084.72 | 776.21 |
Period EndedPeriod Ended
30 Sep 202430 Sep 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 20245,247.35
31 Mar 20242,495.28
31 Mar 20231,299.4
Period EndedRevenue
30 Sep 20245,053.51
31 Mar 20244,297.4
31 Mar 20233,766.95
Period EndedProfit After Tax
30 Sep 2024400.01
31 Mar 2024235.81
31 Mar 202320.33
Period EndedNet Worth
30 Sep 20242,843.35
31 Mar 2024471.5
31 Mar 2023235.68
Period EndedReserves and Surplus
30 Sep 20241,335.57
31 Mar 2024469.95
31 Mar 2023234.14
Period EndedTotal Borrowing
30 Sep 20241,196.44
31 Mar 20241,084.72
31 Mar 2023776.21
IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
QIB Shares Offered
Not more than 50% of the Net Issue
Retail Shares Offered
Not less than 35% of the Net Issue
NII (HNI) Shares Offered
Not less than 15% of the Net Issue
Information about company
Incorporated in 2015, Solar91 Cleantech Limited is engaged in providing Engineering, Procurement, and Construction (EPC) Solar Energy Solutions to commercial and industrial customers with renewable energy systems to help reduce their power consumption.
The company primarily focuses on serving customers and investors in the distributed renewable energy market. This includes rooftop solar for industrial, commercial, and residential sectors, as well as open access, group captive solutions, agro PV, and distributed solar investment opportunities.
The company will develop its own solar projects under the IPP model and has started working on projects under the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM Kusum) Scheme, a government initiative for solarizing agricultural feeders.
The company has received multiple awards and is recognized as an industry leader in Rajasthan and nationally in the Commercial and Industrial Solar PV sector.
Their Business Segment:
Engineering, Procurement, Construction (EPC) Model: Offer services to customers under commercial and industrial segments.
Independent Power Producer (IPP) Model: Operate and maintain solar projects through their wholly owned subsidiaries.
Operations and Maintenance (O&M): Provide operation and maintenance services of the solar projects developed by them under EPC and IPP model.
For the past 9 years, the company has operated in 13 states across the country and successfully completed an EPC project in Kenya. The company has commissioned 191 projects across India and 1 project in Africa, with a total capacity of over 94 MW.
As of September 30, 2024, the company has a team of 81 employees.
Competitive Strength:
Wide Geographical Presence:
Unique Cluster Based Distributed Solar EPC and IPP Model
Large Order Book under a favorable National Policy
Among fastest Turnaround Time in the Industry
In House Design and Government Approvals Team
Digitally Enabled Processes within the Organization
Objectives of IPO
The Company intends to utilize the proceeds:-
To meet the expenses for Investment in Subsidiary for development of Solar Projects as an Independent Power Producer (IPP)
To meet the expenses for Working capital requirement for the company
To meet the expenses for General Corporate Purpose
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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