Solarium Green IPO is a book-built issue amounting to Rs 105.04 crores, consisting entirely of a fresh issue of 55.00 lakh shares.
The subscription for the Solarium Green IPO will open on February 6, 2025, and close on February 10, 2025. The allotment process is expected to be finalized on Tuesday, February 11, 2025. The IPO is set to be listed on the BSE SME, with a tentative listing date scheduled for Thursday, February 13, 2025.
Solarium Green operates in the renewable energy sector. They specialize in providing turnkey solar solutions, which include the design, engineering, procurement, construction, and maintenance of solar power plants. They also supply various solar products like PV modules and inverters.
The price band for the Solarium Green IPO is fixed between ₹181 and ₹191 per share. The minimum lot size for an application is 600 shares. Retail investors must invest a minimum of ₹1,14,600, while high-net-worth individuals (HNI) must apply for at least 2 lots (1,200 shares), amounting to ₹2,29,200.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the Solarium Green IPO, with Link Intime India Private Ltd serving as the registrar for the issue. The market-making responsibilities will be handled by Spread X Securities Private Limited.
Solarium Green IPO Details:
| Company Name | Solarium Green Limited |
| Sector | Renewable Energy |
| IPO Type | SME |
| IPO Open date | 06th Feb 2025 |
| IPO Close date | 10th Feb 2025 |
| Listing Exchanges | BSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Solarium Green IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 600 | 1,14,600 |
| HNI (Min) | 2 | 1200 | 2,29,200 |
Solarium Green IPO Timeline:
| IPO Open Date | 06th Feb 2025 |
| IPO Close Date | 10th Feb 2025 |
| Basis of Allotment | 11th Feb 2025 |
| Refund Initiation Date | 12th Feb 2025 |
| Shares Credit to Demat | 12th Feb 2025 |
| Listing Date | 13th Feb 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Solarium Green’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Renewable Energy Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Solarium Green and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
