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Solar91 Cleantech listing Review
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Solar91 Cleantech IPO allotment Link
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Subscription status of Solar91 Cleantech IPO
Solar91 Cleantech IPO (Day 1) Price Rs. ? Lot ? shares, Rs.? Crore |
||||
QIB | NII x | RII x | Total x | Applications |
Amount wise bids recd. Rs. ? Crore | ||||
Note: |
What is the business of Solar91 Cleantech?
Solar91 Cleantech IPO Details |
|
IPO opens on | 24 December 2024 |
IPO closes on | 27 December 2024 |
Issue Type | Book Built Issue IPO |
Issue Size | 5436000 Shares / Rs ? Crore |
* Fresh Issue | 5436000 Shares / Rs ? Crore |
* Offer for Sale – | – shares / Rs. – crore |
Market Maker Portion | 304800 Shares |
Net offer to Public | 5131200 Shares/ Rs.? Crore |
Face Value per share | Rs. 10 |
Price Band | Rs. |
Employee discount | Rs. 0 per share |
Retail Lot Size | ? Shares |
Listing will at | BSE SME |
Shares offered in IPO |
||
Shares | Rs. (Crore) | |
QIB (50%) | 2565600 | |
NII (15%) | 769680 | |
RII (35%) | 1795920 | |
Total Shares | 5131200 | |
Retail portion will be oversubscribed by |
? | |
Forms | ||
How much Shares to Apply in this IPO? | ||
Min Retail Application | ? Shares | Rs.? |
Min HNI Application | ? Shares | Rs. ? |
Who are the Promoters of Solar91 Cleantech?
Mr. Prateek Agrawal, Mr. Saurabh Vyas, Mr. Sandeep Gurnani and Mr. Dhawal Gaurang Vasavada are the promoters of the company
What are the Objects of Solar91 Cleantech IPO?
The Offer comprises of fresh issue of shares.
The Company intends to utilize the proceeds:-
- 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
Tentative timetable |
|
IPO opens on | 24 December 2024 |
IPO Closes on | 27 December 2024 |
IPO Allotment on | 30 December 2024 |
Refund Initiation | 31 December 2024 |
Credit of Shares | 31 December 2024 |
Listing on | 1 January 2025 |
Registered Office of the Company Solar91 Cleantech Limited Plot No. D-802, Sector-5, Malviya Nagar, Jaipur 302017 |
Who is the Lead Manager of this IPO? Narnolia Financial Services Ltd |
Who is the Registrar to IPO? |
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Solar91 Cleantech IPO Financial & Analytical Ratios |
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Year | Total Income |
Net Profit |
EPS | RoNW |
Rs.in Crore | Rs.in Crore | Rs. | % | |
2021-22 | 42.01 | 0.32 | 0.46 | 24.77 |
2022-23 | 37.67 | 0.20 | 0.20 | 8.62 |
2023-24 | 42.97 | 2.33 | 2.17 | 49.51 |
Book Value of the Share on 30.09.2024 |
Rs | 18.86 | ||
BV of the Share at cap price after IPO |
Rs. | |||
Offer Price/upper band | Rs. | ? |
Key Performance
|
|
Price/EPS of 23-24 | ? |
Price/BV Ratio | ? |
Debt/Equity Ratio | 0.02 |
How Solar91 Cleantech IPO compares with the Peers?
As on date of RHP | FV | Net | PE |
Rs. | Profit | Ratio of | |
Rs. In Crore | |||
Solar91 Cleantech | 10 | 2.33 | ? |
Oriana Power | 10 | 55.13 | 65.10 |
Waaree Renewable | 2 | 148.94 | 95.30 |
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