Issue Price
₹191
Per Share
GMP
NIL
Grey Market
Est. Listing
₹191
Expected Price
Min. Application
₹229,200
2 lots × 600 shares
Incorporated in 2015, Solarium Green Energy Limited is engaged in the business of Solar Solutions.The company provides turnkey solar solutions, including design, engineering, procurement, construction, testing, commissioning, transmission systems, and Operation & Maintenance for residential, commercial, industrial, and government solar projects.The company offers turnkey EPC (Engineering, Procurement, and Commissioning) contracts, covering site assessment, technology evaluation, engineering, supply chain management, construction, logistics, manpower, financial planning, and warranties for solar projects.Business Model:Turnkey Solutions for Solar Projects: The company provides residential rooftop solar installations, C& rooftopand ground-mounted projects, and government tenders for various renewable energy systems, including hybrid solutions and grid-connected installations.Sale of Solar Products: The company supplies solar products, including PV modules, inverters, and ABT meters, procure items from accredited vendors, and previously manufactured polycrystalline solar modules for turnkey projects and direct client supply.The company has completed 11,195 residential, 172 Commercial and Industrial, and 17 government solar projects in the past three years.As of September 30, 2024, the company employs 253 people.Competitive Strengths:Scaled and integrated operations for renewable energy projectsDiversified Portfolio with strong domestic presenceStrong relationship with customers and suppliersExperienced management team with industry expertise
Solarium Green Energy Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 286,800 | — | ₹5.48 Cr | — |
| TOTAL | 5,499,600 | 100.00% | ₹105.04 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹114,600 |
| Retail (Max) | 13 | 7,800 | ₹1,489,800 |
| sNII (Min) | 14 | 8,400 | ₹1,604,400 |
| bNII (Min) | 68 | 40,800 | ₹7,792,800 |
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 82.34 | 177.81 | 98.93 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 7.55 | 15.59 | 1.74 |
| Net Worth | 33.13 | 20.33 | 4.74 |
| Total Assets | 95.25 | 77.21 | 44.37 |
| Reserves & Surplus | 17.78 | 17.33 | 1.74 |
| Total Borrowings | 33.47 | 30.76 | 26.72 |