Solar91 Cleantech IPO Details
| IPO Open Date: | 2026 |
| IPO Close Date: | 2026 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹185 to ₹195 Per Share |
| Issue Size: | Approx ₹106.00 Crores |
| Fresh Issue: | Approx ₹106.00 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE SME |
| DRHP Draft Prospectus: |  |
| RHP Draft Prospectus: | |
Solar91 Cleantech IPO Review & Key Points
- Review:
Solar91 Cleantech IPO Market Lot
The Solar91 Cleantech IPO minimum market lot is 1,200 shares with ₹2,34,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 1,200 | ₹2,34,000 |
| Retail Maximum | 2 | 1,200 | ₹2,34,000 |
| S-HNI Minimum | 3 | 1,800 | ₹3,51,000 |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Solar91 Cleantech IPO Anchor Investors
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
Solar91 Cleantech IPO Dates
The Solar91 Cleantech IPO date is 2026 and the close date is 2026. The Solar91 Cleantech IPO allotment will be finalized on 2026 and the IPO listing on 2026.
| IPO Open Date: | 2026 |
| IPO Close Date: | 2026 |
| Basis of Allotment: | 2026 |
| Refunds: | 2026 |
| Credit to Demat Account: | 2026 |
| IPO Listing Date: | 2026 |
| IPO Bidding Cut-off Time: | 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Mr. Prateek Agrawal, Mr. Saurabh Vyas, Mr. Sandeep Gurnani and Mr. Dhawal Gaurang Vasavada.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | – | 69.75% |
| Promoter Holding Post Issue | – | 51.26% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| 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 | ₹- |
About Solar91 Cleantech IPO
Solar91 Cleantech Limited, based in Jaipur is engaged in the solar energy business, founded in 2015. It represents every ray of energy paves a more sustainable and brighter future. Moreover, they offer customized solar solutions for homes (residential), businesses (commercial), and industries (industrial). Also, they have standard services from installing to maintaining them called Engineering, Procurement, and Construction (EPC). Further, they have a phrase like “Energy Independence” which shows that customers and businesses can stop relying on coal, oil, and natural gas. The company provides a reliable and high-quality solution that meets industry standards ensuring customers get excellent value. They also have expert and knowledgeable team members to handle projects of solar energy. Revenue in 2024 is 5,053.51 lakh and profit is 400.01 lakh in 2024 respectively.
Solar91 Cleantech IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2022 | ₹42.01 | ₹41.57 | ₹0.32 | ₹9.54 |
| 2023 | ₹37.67 | ₹37.40 | ₹0.20 | ₹12.99 |
| 2024 | ₹42.97 | ₹39.84 | ₹2.36 | ₹24.95 |
| September 2024 | ₹50.54 | ₹45.27 | ₹4.00 | ₹52.47 |
Solar91 Cleantech IPO Valuation – FY2024
Check Solar91 Cleantech IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 49.51% |
| ROCE: | 25.81% |
| EBITDA Margin: | 9.00% |
| PAT Margin: | 5.46% |
| Debt to equity ratio: | 2.30 |
| Earning Per Share (EPS): | ₹2.17 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 49.51% |
| Net Asset Value (NAV): | ₹3,047.22 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Oriana Power Limited | 33.93 | 65.10 | 36.47 | 7.88 | 55.13 Cr. |
| Waaree Renewable Technologies Limited | 14.30 | 95.30 | 57.43 | 12.45 | 148.94 Cr. |
IPO Lead Managers aka Merchant Bankers
- Narnolia Financial Services Ltd
Company Address
Solar91 Cleantech Limited
Plot No. D-802,
Sector-5,
Malviya Nagar, Jaipur 302017
Phone: 91 805 8300 034
Email: [email protected]
Website: https://www.solar91.com/
IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues
Solar91 Cleantech IPO FAQs
What is Solar91 Cleantech IPO?
When Solar91 Cleantech IPO will open for subscription?
What is Solar91 Cleantech IPO Investors Portion?
How to Apply the Solar91 Cleantech IPO?
What is Solar91 Cleantech IPO Issue Size?
What is Solar91 Cleantech IPO Price Band?
What is Solar91 Cleantech IPO Lot Size?
What is the Solar91 Cleantech IPO Allotment Date?
What is the Solar91 Cleantech IPO Listing Date?
Note: The Solar91 Cleantech IPO price band and date are officially announced. The (Solar91 Cleantech IPO grey market premium) will be added to the IPO GMP page as it will start).
