Solar91 Cleantech IPO Details
| IPO Open Date: | December 24, 2024 |
| IPO Close Date: | December 27, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| Issue Size: | Approx ₹[.] Crores |
| Fresh Issue: | Approx ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Solar91 Cleantech IPO Market Lot
The Solar91 Cleantech IPO minimum market lot is [.] shares with ₹[.] application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 1 | – | ₹- |
| S-HNI Minimum | 2 | – | ₹- |
Solar91 Cleantech IPO Dates
The Solar91 Cleantech IPO date is December 24 and the close date is December 27. The Solar91 Cleantech IPO allotment will be finalized on December 30 and the IPO listing on January 1.
| IPO Open Date: | December 24, 2024 |
| IPO Close Date: | December 27, 2024 |
| Basis of Allotment: | December 30, 2024 |
| Refunds: | December 31, 2024 |
| Credit to Demat Account: | December 31, 2024 |
| IPO Listing Date: | January 1, 2024 |
Promoters of Solar91 Cleantech IPO
The promoters of the company are Mr. Prateek Agrawal, Mr. Saurabh Vyas, Mr. Sandeep Gurnani and Mr. Dhawal Gaurang Vasavada.
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
The company reported revenue of ₹42.97 crores in 2024 against ₹37.67 crore in 2023. The company reported profit of ₹2.36 crores in 2024 against Profit of ₹0.20 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | 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. |
Objects of the Issue
- 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
Solar91 Cleantech IPO Review
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Solar91 Cleantech IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues
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/
Solar91 Cleantech IPO FAQs
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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).
