On February 6, Solarium Green Energy will Launch its SME IPO for INR 105 Crore

One of the most well-known companies in the solar solutions sector, Solarium Green Energy, is preparing to go public with its SME IPO on February 6, 2025. Through this offering, the company would raise around INR 105.04 crore, or $12.5 million. For the business, it is a crucial milestone as it continues on its current growth trajectory.

It will issue 5,500,000 shares having a face value of INR 10 apiece, priced between INR 181 and INR 191 per share. The minimum lot size required to participate is 600 equity shares, which translates to a total investment of INR 141,600. The deadline for the offering is February 10, 2025.

The Qualified Institutional Buyers (QIBs) will receive roughly 2,605,000 shares, or 46% of all shares. Market makers will receive 286,800 shares, while high-net-worth individuals will be eligible for 782,400 shares. With a 33.17% total share issue for retail investors, the company is anticipated to attract a significant number of investors.

How the Company is Planning to Utilise Proceeds?

The primary goals of the IPO's proceeds are to cover general business needs and working capital requirements. It is anticipated that this calculated action will strengthen Solarium's operating capacities and help realise its aspirational expansion goals.

For Solarium Green Energy, the IPO marks a critical turning point as it seeks to take advantage of India's rising demand for renewable energy solutions. Solarium is well-positioned to draw substantial interest from investors wishing to help the shift to sustainable energy because to its strong business plan, track record, and well-defined strategic goals. The company's significant achievement is particularly highlighted by the SME IPO, although it follows a broader trend in which green technology investment has increased in India.

For the fiscal year that concluded in March 2024, Solarium recorded INR 177.80 crore in revenue and INR 15.59 crore in net earnings. In contrast, its revenue in the first half of the current fiscal year (H1FY25) was INR 81.99 crore, and its net profits came to INR 7.55 crore.

About Solarium Green Energy Limited

Ankit Garg founded Solarium Green Energy Limited, a company that specialises in turnkey solar systems. Design, engineering, procurement, testing, installation, commissioning, and full operation and maintenance (O&M) are among the services it provides. With 11,195 residential rooftop projects, 172 commercial and industrial (C&I) projects, and 17 government projects completed between April 2021 and September 2024, Solarium has made great strides in the solar business since its founding.

This outstanding achievement suggests the company's market leadership and commitment to implementing renewable energy solutions throughout India. Zunroof, SolarSquare, Cleantech, Mysun, Oorjan, and Freyr Energy are competitors of Solarium, which is the first business in the Indian startup ecosystem to go public with an SME IPO in 2025.

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