Solarium Green Energy IPO subscription started on Thursday, February 6, 2025, and will close on Monday, February 10, 2025, as per the schedule. The price band is set at ₹181 to ₹191 per share with a face value of ₹10.
Solarium Green Energy IPO Subscription Status
Solarium Green Energy IPO Subscribed over 1.52x on its Second day till 05.00 PM on 7th February 2025.
- Solarium Green Energy IPO subscription QIB investors portion is 2.71x times, while NII subscribed 0.27x times and RII investors subscribed 1.38x times.
- The company has received bids for 55,57,200 shares against 36,49,800 shares on offer on the Second day.
- Solarium Green Energy IPO Subscribed over 1.52x on day 2.
- Solarium Green Energy IPO Subscribed over 1.01x on day 1.
About Solarium Green Energy IPO
Solarium Green Energy Limited established in 2015, is one of the leading companies who is engaged in the business of providing solar solutions. The company offers comprehensive solar solutions including design, engineering, procurement & supply, construction & erection, testing, commissioning, associated transmission systems, and comprehensive Operation & Maintenance. Whether it’s residential, commercial, industrial, or government projects, Solarium Energy provides turnkey solutions to each area. Solar products such as PV modules, inverters, ABT meters, and other related equipment the company sells. Due to their incredible expertise and dedicated team, they have been able to complete the projects on time and cost-effectively. They have 205 full-time employees as of July 31, 2024, and an in-house engineering team that keeps track of providing quality services. 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 Company Financial Report
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.
Solarium Green Energy IPO GMP:
Solarium Green Energy IPO GMP was ₹10 as of Friday, 7th February 2025. That indicates the IPO is trading at ₹200 with ₹10 premium in the grey market against the issue price of ₹191.
