Solarium Green Energy IPO subscribed overall 8.83 times on the last day, while A retail quota was subscribed 5.07 times, QIB subscribed 8.51 and NII quota subscribed 18.04 times respectively.
Details About Solarium Green Energy
Solarium Green Energy got approval from SEBI for an IPO of ₹105.04 crores via IPO that comprises a fresh issue of ₹105.04 crores to raise funds and maintain financial stability. The face value of each share was Rs 10. Moreover, the company has set up a price band between ₹181 to ₹191 per share. In this IPO, a total of 600 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category 600 shares in 1 lot size, while S-HNI (Min) total of 1200 shares in 2 lot size.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹1,14,600 and maximum investment of ₹1,14,600.
- Small HNI (S-HNI): Minimum investment of ₹2,29,200.
Subscription duration of Solarium Green Energy
Solarium Green Energy IPO was opened for subscription on February 6, 2025, and was closed for subscription on February 10, 2025. The Allotment status of Solarium Green Energy was finalized on February 11, 2025, whereas the IPO listing is to be announced on February 13, 2025.
Funds Deployment of This Company
The company plans to use the money raised from the new shares for the following purposes:
- The proceeds will be used to fulfill the company’s working capital requirement.
- At last, the remaining funds will be utilized for general corporate purposes.
About Solarium Green Energy IPO
One of the growing companies in the sector of providing solar solutions, Solarium Green Energy was incorporated in 2015 and specializes in offering a wide range of solar solutions including design, engineering, procurement & supply, construction & erection, testing, commissioning, associated transmission systems, and comprehensive Operation & Maintenance. Additionally, the company also sells PV modules, inverters, ABT meters, and other related equipment regarding solar solutions. Solarium Green Energy has established a reputation for completing projects promptly and cost-effectively with the help of an exceptional team and incredible expertise. As of now, the company has 205 full-time employees. In the last 3 years, Solarium Energy has completed 8,506 Residential rooftop projects, 152 projects under Commercial and Industrial, and 8 projects under Government projects successfully.
Solarium Green Energy IPO Financial Background
The company reported revenue of ₹177.81 crore in 2024 against ₹98.93 crore in 2023. The company reported a profit of ₹15.59 crores in 2024 against a profit of ₹1.74 crores in 2023.
