Solarium Green Energy SME IPO Details, Financials, Valuation & Peers
Explore Solarium Green Energy IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Solarium Green Energy Limited is a renewable energy solutions provider, specializing in turnkey solar projects across residential, commercial, industrial (C&I), and government sectors. Headquartered in Gujarat, Solarium Green Energy has built a strong reputation for delivering comprehensive solar energy solutions, including design, engineering, procurement, construction, testing, commissioning, and operations & maintenance (O&M) services. The company also engages in the sale of a diverse range of solar products, such as Solar PV Modules, Inverters, Availability Based Tariff (ABT) Meters, and other related components.
Key Points:
- Turnkey Solutions:
- Offers end-to-end EPC services, including design, engineering, procurement, construction, and O&M.
- Serves Residential Rooftop, C&I Rooftop, Ground-Mounted, and Government solar projects.
- Project Track Record:
- Completed 11,195 residential rooftop projects, 172 C&I projects, and 17 government projects in the last three years and the first half of FY 2024-25.
- Ongoing order book of ₹185.07 crore as of December 31, 2024, with revenue recognition of ₹44.83 crore till September 2024.
- Robust Pipeline:
- Bids submitted for government projects worth ₹885.37 crore with ₹825.01 crore in pending tender results.
- Recognized as L1 bidder for projects worth ₹60.36 crore (awaiting formal awards).
- Strategic Expansion:
- Acquired a 99.99% stake in Solarium Ventures LLP, expanding its footprint in the renewable energy sector.
- Geographical Reach:
- Successfully executed projects across Gujarat, Jammu, Silchar, West Bengal, Tripura, Andaman Islands, and Leh, showcasing strong pan-India capabilities.
Objects of the Issue
- To Meet Working Capital Requirements
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 06 Feb - 10 Feb 2025 |
| IPO Price Band | ₹181 - ₹191 per share |
| Fresh Issue | 54,99,600 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹105.04 crore |
| Face Value | ₹10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 06 Feb 2025 |
| IPO Closing Date | 10 Feb 2025 |
| Basis Of Allotment | 11 Feb 2025 |
| Refunds | 12 Feb 2025 |
| Demat Transfer | 12 Feb 2025 |
| IPO Listing Date | 13 Feb 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 167.89 | 98.93 | 177.81 | 82.34 |
| Total Expenses | 164.51 | 95.88 | 156.97 | 71.93 |
| Net Profit/Loss | 2.05 | 1.74 | 15.59 | 7.55 |
| NPM (*) | 1.23 | 1.76 | 8.79 | 9.21 |
| Total Assets | 31.81 | 44.37 | 77.21 | 95.25 |
| Total Liabilities | 28.81 | 39.63 | 56.88 | 62.12 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 1.37 | 1.16 | 10.39 | 4.96 |
| ROE (%) | 45.28 | 44.93 | 124.38 | 28.26 |
| ROCE (%) | 19.12 | 15.92 | 54.18 | 18.7 |
| D/E Ratio | 4.93 | 5.64 | 1.51 | 1.01 |
| Current Ratio | 1.17 | 1.27 | 1.34 | 1.48 |
| EBITDA MARGIN (%) | 2.68 | 5.65 | 13.40 | 14.14 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Solarium Green Energy Limited | 177.40 | 18.38 | 10.39 | 76.69 | 13.55 |
| Zodiac Energy Limited | 220.06 | 51.62 | 7.50 | 23.06 | 32.51 |
| Oriana Power Limited | 382.87 | 22.21 | 33.41 | 37.13 | 76.21 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 8.51 |
| Non-Institutional Investor (NII/HNI) | 18.04 |
| Retail Individual Investor (RII) | 5.07 |
| Total | 8.83 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- ANKIT GARG
- PANKAJ VALLABHBHAI GOTHI
Lead Managers
- BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Company Address
Solarium Green Energy Limited
B-1208 World Trade Tower, B/H Skoda Showroom, Makarba, Ahmedabad - 380051, Gujarat, India.
Phone: +91 90165 49999
Email: investor@solariumenergy.in
Website: www.solariumenergy.in
FAQs
- What is the issue size of the Solarium Green Energy SME IPO?The Solarium Green Energy SME IPO has an issue size of ₹105.04 crore. This includes a fresh issue of 54,99,600 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Solarium Green Energy IPO?The price band for the Solarium Green Energy IPO is ₹181 - ₹191 per share.
- What are the bidding dates for the Solarium Green Energy IPO?The Solarium Green Energy IPO will open for bidding on 06 Feb 2025 and close on 10 Feb 2025.
- What is the allotment date for the Solarium Green Energy IPO?The allotment date for the Solarium Green Energy IPO is 11 Feb 2025.
- What is the minimum lot size and investment required for the Solarium Green Energy IPO?The minimum lot size for the Solarium Green Energy IPO is 600 shares and the minimum investment required is ₹1,14,600.
- What is the listing date for the Solarium Green Energy IPO?The listing date for the Solarium Green Energy IPO is 13 Feb 2025.
- What is the Solarium Green Energy IPO grey market premium?The grey market premium (GMP) for the Solarium Green Energy IPO is currently at ₹2, with an expected listing gain of approximately 1.05%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.