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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹105.04 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹105.04 Cr |
| Fresh Issue | ₹99.56 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹181.00-191.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544354 |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 600 shares and in multiples thereof
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:
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:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet working capital requirements | 71.00 |
| 2 | General Corporate Purposes | 25.26 |
| 3 | Issue Expenses | 8.78 |
| Total | 105.04 |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 95.25 | 77.21 | 44.37 | 31.81 |
| Total Income | 82.34 | 177.81 | 98.93 | 167.89 |
| Profit After Tax | 7.55 | 15.59 | 1.74 | 2.05 |
| NET Worth | 33.13 | 20.33 | 4.74 | 3.00 |
| Reserves and Surplus | 17.78 | 17.33 | 1.74 | |
| Total Borrowing | 33.47 | 30.76 | 26.72 | 14.80 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 124.38% |
| ROCE | 54.18% |
| Debt / Equity | 1.51% |
| RoNW | 76.69% |
| PAT Margin | 8.79% |
| Price to Book Value | 14.10 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 10.16 | 7.25 |
| P/E (x) | 18.81 | 26.36 |
| Promoter Holding | 78.5% | 57.77% |
| Market Cap | ₹398.23 Cr. | |
