Solarium Green IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Feb 06 to Feb 10 2025
Price Band
₹191
Current GMP
₹202(5.76%)
Subscription
8.83 times
IPO Details
| IPO Date | February 6, 2025 to February 10, 2025 |
| Listing Date | February 13, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹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 sharesSpread X Securities Private Limited |
IPO Date
February 6, 2025 to February 10, 2025
Listing Date
February 13, 2025
Face Value
₹10 per share
Issue Price
₹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 sharesSpread X Securities Private Limited
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 8.51 |
| Non-Institutional Buyers*** | 18.04 |
| Retail Investors | 5.07 |
| Total ** | 8.83 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
8.51
Non-Institutional Buyers***
18.04
Retail Investors
5.07
Total **
8.83
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Feb 6, 2025 | 1.96 | 0.36 | 0.74 | 1.01 |
| Day 2 Feb 7, 2025 | 2.71 | 0.27 | 1.38 | 1.52 |
| Day 3 Feb 10, 2025 | 8.51 | 18.04 | 5.07 | 8.83 |
DayDay 1
Feb 6, 2025
QIB1.96
NII*0.36
Retail0.74
Total1.01
DayDay 2
Feb 7, 2025
QIB2.71
NII*0.27
Retail1.38
Total1.52
DayDay 3
Feb 10, 2025
QIB8.51
NII*18.04
Retail5.07
Total8.83
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 13-02-2025 | 191.00 | 5(2.62%) | 196 |
| 12-02-2025 | 191.00 | 5(2.62%) | 196 |
| 11-02-2025 | 191.00 | 2(1.05%) | 193 |
| 10-02-2025 | 191.00 | 9(4.71%) | 200 |
| 09-02-2025 | 191.00 | 0(0.00%) | 191 |
| 08-02-2025 | 191.00 | 6(3.14%) | 197 |
| 07-02-2025 | 191.00 | 4(2.09%) | 195 |
| 06-02-2025 | 191.00 | 10(5.24%) | 201 |
| 05-02-2025 | 191.00 | 10(5.24%) | 201 |
| 04-02-2025 | 191.00 | 28(14.66%) | 219 |
| 03-02-2025 | 191.00 | 0(0.00%) | 191 |
Date13-02-2025
Price191.00
GMP5(2.62%)
Estimate List Price196
Date12-02-2025
Price191.00
GMP5(2.62%)
Estimate List Price196
Date11-02-2025
Price191.00
GMP2(1.05%)
Estimate List Price193
Date10-02-2025
Price191.00
GMP9(4.71%)
Estimate List Price200
Date09-02-2025
Price191.00
GMP0(0.00%)
Estimate List Price191
Date08-02-2025
Price191.00
GMP6(3.14%)
Estimate List Price197
Date07-02-2025
Price191.00
GMP4(2.09%)
Estimate List Price195
Date06-02-2025
Price191.00
GMP10(5.24%)
Estimate List Price201
Date05-02-2025
Price191.00
GMP10(5.24%)
Estimate List Price201
Date04-02-2025
Price191.00
GMP28(14.66%)
Estimate List Price219
Date03-02-2025
Price191.00
GMP0(0.00%)
Estimate List Price191
IPO Important Dates
| IPO Open Date | Thu, Feb 6, 2025 |
| IPO Close Date | Mon, Feb 10, 2025 |
| Tentative Allotment | Tue, Feb 11, 2025 |
| Initiation of Refunds | Wed, Feb 12, 2025 |
| Credit of Shares to Demat | Wed, Feb 12, 2025 |
| Tentative Listing Date | Thu, Feb 13, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 10, 2025 |
IPO Open Date
Thu, Feb 6, 2025
IPO Close Date
Mon, Feb 10, 2025
Tentative Allotment
Tue, Feb 11, 2025
Initiation of Refunds
Wed, Feb 12, 2025
Credit of Shares to Demat
Wed, Feb 12, 2025
Tentative Listing Date
Thu, Feb 13, 2025
Cut-off time for UPI mandate confirmation
5 PM on February 10, 2025
IPO Lot Size
| 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 |
ApplicationRetail (Min)
Lots1
Shares600
Amount₹1,14,600
ApplicationRetail (Max)
Lots1
Shares600
Amount₹1,14,600
ApplicationHNI (Min)
Lots2
Shares1,200
Amount₹2,29,200
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 | 95.25 | 77.21 | 44.37 |
| Revenue | 82.34 | 177.81 | 98.93 |
| Profit After Tax | 7.55 | 15.59 | 1.74 |
| Net Worth | 33.13 | 20.33 | 4.74 |
| Reserves and Surplus | 17.78 | 17.33 | 1.74 |
| Total Borrowing | 33.47 | 30.76 | 26.72 |
Period EndedPeriod Ended
30 Sep 202430 Sep 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 202495.25
31 Mar 202477.21
31 Mar 202344.37
Period EndedRevenue
30 Sep 202482.34
31 Mar 2024177.81
31 Mar 202398.93
Period EndedProfit After Tax
30 Sep 20247.55
31 Mar 202415.59
31 Mar 20231.74
Period EndedNet Worth
30 Sep 202433.13
31 Mar 202420.33
31 Mar 20234.74
Period EndedReserves and Surplus
30 Sep 202417.78
31 Mar 202417.33
31 Mar 20231.74
Period EndedTotal Borrowing
30 Sep 202433.47
31 Mar 202430.76
31 Mar 202326.72
IPO Reservation
| Anchor Investor Shares Offered | 15,63,000 (28.42%) |
| Market Maker Shares Offered | 2,86,800 (5.21%) |
| QIB Shares Offered | 10,42,800 (18.96%) |
| NII (HNI) Shares Offered | 7,82,400 (14.23%) |
| Retail Shares Offered | 18,24,600 (33.18%) |
| Total Shares Offered | 54,99,600 (100%) |
Anchor Investor Shares Offered
15,63,000 (28.42%)
Market Maker Shares Offered
2,86,800 (5.21%)
QIB Shares Offered
10,42,800 (18.96%)
NII (HNI) Shares Offered
7,82,400 (14.23%)
Retail Shares Offered
18,24,600 (33.18%)
Total Shares Offered
54,99,600 (100%)
Information about company
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
Objectives of IPO
The Company intends to utilized the proceeds towards the following objects:
To Meet Working Capital Requirements
General Corporate Purposes
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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