Solarium Green IPO Live
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Schedule of Solarium Green
| Issue open date | 06 Feb 2025 |
| Issue close date | 10 Feb 2025 |
| UPI mandate deadline | 10 Feb 2025 (5 PM) |
| Allotment finalization | 11 Feb 2025 |
| Refund initiation | 12 Feb 2025 |
| Share credit | 12 Feb 2025 |
| Listing date | 13 Feb 2025 |
| Mandate end date | 25 Feb 2025 |
| Lock-in end date for anchor investors (50%) | 13 Mar 2025 |
| Lock-in end date for anchor investors (remaining) | 12 May 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Solarium Green
Solarium Green Energy Limited, evolving from an LLP established in 2015 to a public limited company in 2024, specializes in turnkey solar solutions. The company offers comprehensive services ranging from design and engineering to commissioning and maintenance of solar projects. It has completed significant projects across residential, commercial, and government sectors. With a strong track record supported by experienced leadership, Solarium Green has expanded its operations and maintains a robust order book, highlighting its expertise and operational excellence in the renewable energy industry.
Financials of Solarium Green
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹105.04 crores |
| Fresh Issue | ₹105.04 crore |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 71 (67.59%) |
| General corporate purposes | 34.04 (32.41%) |
Strengths
- Solarium Green provides full-service turnkey solar solutions.
- Extensive experience with over 11,000 projects completed.
- Holds ISO 9001:2015 and other important certifications.
- Enhanced market reach and stability with projects across 10 Indian states.
Risks
- Regulatory risks from policy changes and environmental standards.
- Reliance on government projects which may affect stability.
- Global supply chain challenges impacting material costs and availability.
Allotment Status for Solarium Green
To check your allotment status – click here.
Subscription Figures for Solarium Green
Subscription numbers as of 5:00 PM on 7 Feb 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 10.42 | 28.30 | 2.71x |
| HNI (₹2L+) | 10.69 | 4.95 | 0.46x |
| Retail (upto ₹2L) | 18.24 | 25.18 | 1.38x |
| Total | 39.36 | 58.44 | 1.48x |