Solarium Green Energy Limited

Company Name	Solarium Green Energy Limited
Open Date	06-02-2025
Close Date	10-02-2025
Exchange	BSE SME
Lot Size	600 Shares
Issue Price	₹181 to ₹191 per share
Issue Size	54,99,600 shares
Application Amount	₹1,14,600
Recommendation	Avoid

Solarium Green Energy Limited was originally incorporated as “Solarium Green Energy LLP” on Dec 17, 2015. The registered office is located at Ahmedabad, Gujarat. The company provides turnkey solar solutions which involves design, engineering, procurement & supply, construction & erection, testing, commissioning, associated transmission system and comprehensive operation & maintenance (O&M) of solar power plants. The company derives majority of its revenue from residential rooftop projects and government projects. The company has 253 employees as on Sep 30, 2024.

(Read more on the review)

Financial Summary in Lakhs

For the Period Ended	Mar-22	Mar-23	Mar-24	Nov-24
Revenue	16,736.91	9,878.98	17,739.69	8,199.85
EBITDA	461.67	597.08	2,412.93	1,181.84
Net Profit	205.04	173.86	1,558.98	755.42
RoCE	32.82%	24.60%	79.41%	14.73%*
ROE	68.35%	36.69%	76.69%	10.37%*
P/E	139.42	164.66	18.38	26.36*

Tentative Timeline

Opening Date	06-02-2025
Closing Date	10-02-2025
Basis of Allotment	11-02-2025
Initiation of Refunds	12-02-2025
Credit of Shares to Demat	12-02-2025
Listing Date	13-02-2025

Objects of the Issue

To meet working capital requirements

General Corporate Purposes

Contact Information

Registered Office	Solarium Green Energy Limited B-1208 World Trade Tower, B/H Skoda Showroom, Makarba, Ahmedabad 380051
Phone	+91 91065 49999
Email	investor@solariumenergy.in
Website	http://www.solariumenergy.in/

Offer Documents

Solarium Green Energy IPO DRHP

Solarium Green Energy IPO RHP

Registrar Details

Name	Link Intime India Private Limited
Phone	+91-22-4918 6270
Email	solarium.smeipo@linkintime.co.in
Website	https://linkintime.co.in/Initial_Offer/public-issues.html

IPO Reservation

QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15% of the Net Issue

Shareholding Pattern

Shareholding Pre Issue (Promoters)	78.50%
Shareholding Post Issue (Promoters)	57.79%