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What was the last grey market premium of Solarium Green IPO?

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Subscription status of Solarium Green IPO

Solarium Green IPO
(Day 1)

Price Rs. 94 Lot 1200 shares, Rs. ? Crore

QIB NII x RII x Total x Applications
         
Amount wise bids recd. Rs. ? Crore
Note: 

What is the business of Solarium Green?

Solarium Green Energy Limited, incorporated in 2015, specializes in providing comprehensive solar energy solutions.

The company delivers end-to-end solar services, including design, engineering, procurement, construction, testing, commissioning, transmission systems, and ongoing Operation & Maintenance (O&M) for residential, commercial, industrial, and government solar projects.

Solarium offers turnkey EPC (Engineering, Procurement, and Construction) contracts, encompassing site assessments, technology evaluations, engineering, supply chain management, construction, logistics, workforce planning, financial planning, and warranties for solar projects.

Business Model:

  1. Turnkey Solar Solutions: Solarium provides residential rooftop solar installations, commercial and industrial rooftop and ground-mounted projects, as well as government tenders for various renewable energy systems. These solutions include hybrid systems and grid-connected installations.
  2. Sale of Solar Products: The company supplies solar products such as PV modules, inverters, and ABT meters. It procures these products from accredited vendors and also manufactures polycrystalline solar modules for both turnkey projects and direct customer supply.

Over the past three years, Solarium has successfully completed 11,195 residential, 172 commercial and industrial, and 17 government solar projects.

As of September 30, 2024, the company employs 253 people.

Competitive Strengths:

  • Scaled and integrated operations in renewable energy projects
  • A diversified portfolio with a strong domestic presence
  • Strong relationships with customers and suppliers
  • An experienced management team with deep industry expertise

Get more information about the company @ http://www.solariumenergy.in/

Solarium Green IPO Details

IPO opens on  6 February 2025
IPO closes on  8 February 2025
Issue Type Book Built Issue IPO
Issue Size 5499600 Shares /
Rs 105.04 Crore
* Fresh Issue 5499600 Shares /
Rs 105.04 Crore
* Offer for Sale – – shares /
Rs. – crore
Market Maker Portion 286800 Shares
Net offer to Public 5212800 Shares/
Rs 99.56 Crore
Face Value per share Rs. 10
Price Band Rs. 181-191
Employee discount  Rs. 0 per share
Retail Lot Size  600 Shares
Listing will at  BSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (50%) 2606400 49.78
HNI (15%)   781920 14.93
RII  (35%) 1824480 34.85
Total Shares  5212800 99.56
Retail portion will be
oversubscribed by 
3041
Forms
How much Shares to Apply in this IPO?
Min Retail Application 600 Shares Rs.114600
Min HNI Application  1200 Shares Rs.229200

Who are the Promoters of Solarium Green?

Ankit Garg, and Pankaj Vallabhbhai Gothi are the promoters of the company.

What are the Objects of Solarium Green IPO?

The Company intends to utilized the proceeds towards the following objects:

  1. To Meet Working Capital Requirements
  2. General Corporate Purposes

Tentative timetable

IPO opens on 6 February 2025
IPO Closes on 10 February 2025
IPO Allotment on  11 February 2025
Refund Initiation  12 February 2025
Credit of Shares 12 February 2025
Listing on 13 February 2025
Registered Office of the Company
Solarium Green Energy Limited
B-1208 World Trade Tower,
B/H Skoda Showroom,
Makarba, Ahmedabad 380051
Who is the Lead Manager of this IPO?
Beeline Capital Advisors Pvt Ltd 

Who is the Registrar to IPO?
Link Intime India Pvt ltd

Solarium Green IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Solarium Green IPO Financial & Analytical Ratios

Year Total
Income
Net
Profit
EPS RoNW
  Rs.in Crore Rs.in Crore Rs. %
2021-22 167.89   2.05    
2022-23   98.93   1.74    
2023-24  177.81 15.59 10.59 76.69
Book Value of the
Share on 31.03.2024
       
BV of the Share at
cap price after IPO
Rs.      
Offer Price/upper band Rs. 191    

Key Performance
indicators

Price/EPS of 23-24 18.81
Price/BV Ratio 14.10
Debt/Equity Ratio   1.51

How Solarium Green IPO compares with the Peers?

 

As per RHP FV Total PE
    Income in Ratio
    Rs. crore  
       
       
       
       
       

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Solarium Green IPO Review by Paresh Gordhandas, CA & Research Analyst.

K

+ from fundamental angle: so-so

+ from grey market angle: 

Quicklinks


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