Solarium Green Energy IPO Review: Apply or Avoid?

Solarium Green Energy IPO is open for bidding on 6th February 2025. The issue is recognised as an SME IPO for its tentative listing date of 13th February 2025. It is entirely a fresh issue of 54,99,600 shares worth Rs 105.04 crore. 

Solarium Green Energy IPO

Solarium Green Energy IPO date is set between 6th February 2025 and 10th February 2025. The face value of Solarium Green Energy Limited shares stands at Rs 10 per share, and the IPO price band is set at Rs 181 to Rs 191 per share. 

Link Intime India Private Limited is the registrar of Solarium Green Energy IPO and is responsible for managing allotment and refund procedures. Moreover, Beeline Capital Advisors Private Limited. is the book-running lead manager of this IPO. Download Solarium Green Energy IPO RHP. Check out the further IPO details in the table below. 

Solarium Green Energy IPO GMP, Issue Size, Price, and Offer Details

Solarium Green Energy IPO is a book-built issue of 54,99,600 equity shares worth Rs 105.04 crore. Solarium Green Energy Limited shares will likely be listed on BSE and SME. Moreover, the Securities Exchange Board of India (SEBI), the stock market regulatory body, has specified share reservation criteria for different categories of investors. 

Note: QIB (Qualified Institutional Buyers), NII (Non-Institutional Investors), sNII (Small Non-Institutional Investors), bNII (Big Non-Institutional Investors). 

Solarium Green Energy IPO GMP Grey Market Premium

If you want to get timely updates on Solarium Green Energy IPO GMP, you’ve reached the right spot. It is to be noted that GMP is the difference between the price band and the price at which shares of the company are trading in the grey market. 

Moreover, GMP is subject to change depending on market conditions. You must check the live GMP status to apply for Solarium Green Energy IPO. Explore the GMP data below for real-time Solarium Green Energy IPO GMP insights.

*Data is updated as of 5th February 2025.

As of now, on 5th February 2025, Solarium Green Energy IPO GMP stands at Rs 22 per share, which means the share will likely be listed at Rs 213 (191+22) on its tentative listing date, 13th February 2025. 

Solarium Green Energy IPO Review

Have a look at the detailed review of Solarium Green Energy IPO for a better understanding of its potential to deliver listing gains. This IPO review will also help you avoid significant losses in the Indian stock market. Explore to make informed investment decisions. 

Financial Health

The company’s financial performance might highlight its competitiveness and effectiveness to sustain a growing potential. And, it is crucial to understand the financial aspects of the business when applying for any IPO.

During FY2023-24, the revenue of Solarium Green Energy Limited stood at Rs 98.93 crore, which increased by 79.91% to Rs 177.81 crore. On the other hand, the PAT of the company was raised by 790.85% from Rs 1.74 crore to Rs 15.59 crore.

Solarium Green Energy Limited has shown consistent growth in its financials, which indicates that the company is more focused on increasing its efficiency in competing with other players in the same industry. Thus, Solarium Green Energy IPO is expected to receive a higher investor engagement to deliver a significant return on its tentative listing day, which is 13th February 2025.  

Technical Analysis

Several technical indicators are available to assess the potential of the stock to generate returns. To analyse the potential of Solarium Green Energy IPO, use the technical parameters mentioned below.

*Data is updated as of 5th February 2025. 

The PE ratio of Solarium Green Energy Limited shares is 18.81, and its Earnings Per Share stands at 10.16. It indicates that the Solarium Green IPO has a high potential for short and long-term returns. 

Solarium Green Energy Limited Peer Comparison

*Data is updated as of 5th February 2025. 

Note: The data as mentioned above is taken from authentic sources and highlights pre-issue information. PE ratio and EPS of Solarium Green Energy Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

*Data is updated as of 5th February 2025. 

Solarium Green Energy IPO Subscription Status

Solarium Green Energy IPO is open for bidding on 6th February 2025. However, the subscription status for the IPO is yet to be announced. Stay informed with Univest to check the live subscription status of the IPO. 

*Data is updated as of 5th February 2025.

About Solarium Green Energy Limited

Solarium Green Energy Limited was incorporated in 2015 and is engaged in providing solar solutions across the country. The company offers different solutions such as engineering, construction, testing, commissioning, transmission systems, designing, etc. In the past 3 years, Solarium Green Energy Limited has accomplished 11,195 residential, 172 commercial, and 17 government solar projects. The company is operating with 250+ employees. 

Solarium Green Energy Limited Financials

Before applying for Solarium Green Energy IPO, the company’s financial assessment is essential. See the table below to learn about Solarium Green Energy Limited’s financials. 

*Data is updated as of 5th February 2025. 

Explanation

Solarium Green Energy Limited has shown a growth of 79.91% in its revenue, which was estimated at Rs 98.93 crore in March 2023 and Rs 177.81 crore in March 2024. Moreover, the PAT of the company was raised by 790.85% from Rs 1.74 crore to Rs 15.59 crore. 

Solarium Green Energy IPO Bidding Requirements

Solarium Green Energy IPO has reserved lot sizes to apply in the case of different categories of investors. Go through the table below to know about the requirements to be fulfilled for applying for this IPO. 

Aim of Solarium Green Energy IPO

The primary aim of Solarium Green Energy IPO is to raise Rs 105.04 crores. However, the company is going to utilise these funds in different ways. Here are some of the secondary objectives of Solarium Green Energy Limited for this book-built issue of 54,03,600 shares.

• General corporate purposes. 
• Increase the working capital of the company. 

Should I Invest in Solarium Green Energy IPO?

If you want to know whether you should apply for a Solarium Green Energy IPO, you can explore its pros and cons in the section below. 

Pros of Solarium Green Energy IPO

• Higher return on equity. 
• 790.85% increase in PAT.

Cons of Solarium Green Energy IPO

• Low market capitalisation.
• High bidding amount.
• Increasing debt level.

How to Apply for Solarium Green Energy IPO?

Follow the steps below to apply for Solarium Green Energy IPO. 

• Step 1: Conduct deep research on Solarium Green Energy IPO GMP, subscription status, issue size, lot size, and more. 
• Step 2: Open a demat account on Univest to know about the real-time insights. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Place a bid for one lot of 600 shares worth Rs 1,14,600 of Solarium Green Energy IPO.   
• Step 4: Once you’re done with the bidding process, you will receive a mandate request on your mode of payment. Approve the request and stay informed about the allotment status.    

How to Check Solarium Green Energy IPO Allotment Status?

You can check for Solarium Green Energy IPO allotment in different ways. These include BSE and the registrar portal. Follow the below steps to learn about your allotment status.

Check On BSE 

• Visit the BSE official website. 
• Select Equity as the issue type. 
• Choose Solarium Green Energy IPO.  
• Select whether to proceed with the PAN number or application number.
• Submit your information to check the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal. 
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your allotment status.

Let’s Wrap

Solarium Green Energy IPO is the book-built issue of 54,99,600 shares worth Rs 105.04 crores. The shares will be listed on BSE and SME on the tentative listing date of 13th February 2025. Investors and brokers have a positive outlook for this IPO and highlighted its pros as the steady growth potential of the company. However, the issue also consists of challenges like low market capitalisation, increase in debt and high lot size. Researching Solarium Green Energy IPO reviews is recommended to book your ideal listing gains. 

Open a demat account on Univest now to initiate your investment journey. Explore the Univest terms and conditions by clicking on the link. 

FAQs on Solarium Green Energy IPO

1. How is Solarium Green Energy IPO?

Ans. As of now, on 5th February 2025, Solarium Green Energy IPO GMP (Grey Market Premium) stands at Rs 22 (11.52% up). It indicates that the estimated listing price could be Rs 213 per share. It is a book-built issue of 54,99,600 shares worth Rs 105.04 crore. The IPO price band is fixed at Rs 181 to Rs 191 per share, and the face value of each share is Rs 10. 

2. What is Solarium Green Energy IPO price?

Ans. Solarium Green Energy IPO price band has been set between Rs 181 to Rs 191 per share. Retail investors can apply for a minimum and maximum of 1 lot consisting of 600 shares worth Rs 1,14,600. Moreover, NIIs are required to bid for a minimum of 2 lots (1,200 shares) worth Rs 2,29,200. 

3. Is Solarium Green Energy IPO good?

Ans. During FY2023-24, the revenue of Solarium Green Energy Limited was increased by 79.91% to reach Rs 177.81 crore. On the other hand, the PAT of the company was raised by 790.85% from Rs 1.74 crore to Rs 15.59 crore. Solarium Green Energy IPO has also gained a positive rating from industry experts, brokers and institutional investors.

4. Who is the registrar of Solarium Green Energy IPO?

Ans. Link Intime India Private Limited is the registrar of Solarium Green Energy IPO and awaits to manage the IPO allotment procedure and refund initiation. For any query regarding Solarium Green Energy IPO allotment and refund, you can contact Link Intime India Private Limited through ipo.helpdesk@linkintime.co.in or +91-22-49186270. 

5. What is the issue size of Solarium Green Energy IPO? 

Ans. Solarium Green Energy IPO is the book-built issue of 54,99,600 shares worth Rs 105.04 crore. It is entirely a fresh issue and is now open on 5th February 2025 and will be closed on 7th February 2025. 

Disclaimer: The above information is accumulated from authentic sources and is just for informational purposes. To have detailed information about Solarium Green Energy IPO, download the Solarium Green Energy IPO RHP and Solarium Green Energy IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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