Solarium Green Energy Limited
Bookbuilding IPO · BSE
- Price band
- ₹181 - ₹191
- Lot size
- 600 shares
- Issue amount
- ₹105.04 cr
- Total subscription
- 8.93×
- Opens
- 6 Feb 2025
- Closes
- 10 Feb 2025
- Allotment
- 11 Feb 2025
- Listing
- 13 Feb 2025
Offer at a glance
Issue overview
- Issue size
- 54,99,600 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,08,600
- Fresh issue
- ₹105.04 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,14,600
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,53,50,000
- Shares after issue
- 2,08,49,600
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 600 | ₹1,14,600 |
| HNI | 2 | 1,200 | ₹2,29,200 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 19.92 | 0 |
| RETAIL | 34.85 | 5.58 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 4.96 | 10.39 | 1.16 |
| ROE | 28.26 | 124.38 | 44.93 |
| ROCE | 18.7 | 54.18 | 15.92 |
| RONW | 22.8 | 76.69 | 36.69 |
| PRE IPO(PE) | 0 | 18.81 | 0 |
| POST IPO(PE) | 26.36 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Solarium Green Energy Limited, incorporated in 2015, is engaged in providing turnkey solar solutions, including design, engineering, procurement, construction, testing, commissioning, transmission systems, and Operation & Maintenance (O&M) for residential, commercial, industrial, and government solar projects. The company operates under a dual business model: Turnkey EPC (Engineering, Procurement, and Commissioning) contracts and the sale of solar products. Under its EPC services, Solarium Green Energy manages site assessment, technology evaluation, engineering, supply chain management, construction, logistics, manpower, financial planning, and warranties. It offers residential rooftop solar installations, commercial and industrial (C&I) rooftop and ground-mounted projects, and executes government tenders for renewable energy systems, including hybrid and grid-connected solutions. The company also supplies solar products such as PV modules, inverters, and ABT meters, procuring from accredited vendors, and has previously manufactured polycrystalline solar modules for turnkey projects and direct client supply. Over the past three years, Solarium Green Energy has completed 11,195 residential, 172 commercial and industrial, and 17 government solar projects. As of September 30, 2024, the company employs 253 people.
Strengths
- Comprehensive Renewable Energy Solutions – Solarium Green Energy handles everything from design and engineering to procurement, construction, and maintenance, ensuring smooth and efficient project execution.
- Wide Reach Across India – The company serves residential, commercial, industrial, and government clients, offering rooftop, ground-mounted, and hybrid solar solutions across the country.
- Strong Industry Relationships – With trusted suppliers and a history of successful projects, the company has built a solid reputation for reliability and credibility.
- Revenue Concentration Risk – A significant portion of revenue comes from a few key clients. Losing any major customer could impact cash flow and overall financial stability.
Risk factors
- Reliance on Gujarat – A big chunk of the company’s earnings comes from its operations in Gujarat, so any changes in the state’s economy or rules could have a big impact.
- Uncertain Rules & Policies – Government policy changes, like updates to the Approved List of Modules and Manufacturers (ALMM) by the Ministry of New & Renewable Energy, have affected the company before and might do so again in the future.
- Few Big Clients – A major share of the company’s revenue comes from a small group of customers. If any of these key clients stop doing business, it could hurt cash flow and profits.
Promoters
Ankit Garg
Pankaj Vallabhbhai Gothi
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
B-1208 World Trade Tower, B/H Skoda Showroom, Makarba, Ahmedabad 380051
+91 91065 49999
[email protected]Company website ↗Understanding SOLARIUM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.