Synopsis:

Detail

Information

IPO Size

55,00,000 equity shares with a ₹10 face value each

Approval

In-Principle approval from BSE

Sector

Solar solutions – rooftop systems, solar-wind hybrid, etc.

Financials (FY24)

Revenue: ₹177.80 Crore, EBITDA: ₹23.78 Crore, PAT: ₹15.59 Crore

Lead Manager

Beeline Capital Advisors Private Limited

Registrar

Link Intime India Private Limited

IPO Dates

Opening: [Insert IPO Opening Date], Closing: [Insert IPO Closing Date]

Listing Date

[Insert Listing Date]

The Bombay Stock Exchange (BSE) has given the green light to Solarium Green Energy Limited’s Initial Public Offering (IPO) by approving the company’s Draft Red Herring Prospectus (DRHP). This paves the way for the company to go public, aiming to raise funds for its working capital requirements and general corporate purposes.

Solarium Green Energy IPO Details

Solarium Green Energy plans to issue up to 55,00,000 equity shares, each with a face value of ₹10. The company has received In-Principle approval from BSE for this upcoming IPO.

Company Overview

Founded to provide turnkey solar solutions, Solarium Green Energy specializes in offering a comprehensive range of services, including:

Design and engineering
Procurement, testing, and installation
Commissioning and operation & maintenance (O&M)

Serving a diverse clientele across residential, commercial, industrial, and government sectors, the company focuses on rooftop systems, ground-mounted installations, solar trees, carports, solar-wind hybrid projects, and energy storage solutions.

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Financial Snapshot

As of March 31, 2024, Solarium Green Energy reported:

Revenue: ₹177.80 Crore
EBITDA: ₹23.78 Crore
PAT: ₹15.59 Crore

Between FY22 and FY24, the company completed over 8,500 residential rooftop projects, 152 C&I projects, and 8 government projects. As of August 2024, Solarium is managing 41 ongoing projects worth ₹165.29 Crore, with new tenders worth ₹252.86 Crore under bidding by September 2024.

Lead Managers and Registrar

Registrar: Link Intime India Private Limited

Book Running Lead Manager: Beeline Capital Advisors Private Limited

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