Solarium Green Energy Limited IPO
Solarium Green Energy Limited IPO
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Solarium Green Energy Limited's has transitioned to a publicly listed entity following its IPO debut on 13-02-2025 at the BSE exchange. The public offering successfully raised 54,99,600 Shares, consisting of 54,99,600 Sharesin new capital.
The IPO featured a competitive price range of ₹181 to ₹191 and minimum application size of 600 shares. Market reception was evidenced through subscription activity between 06-02-2025 and 10-02-2025, reflecting investor appetite for the offering.
Allotment of shares was completed on 11-02-2025, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Solarium Green IPO About Company
Solarium Green Energy Limited, incorporated in 2015, is engaged in providing turnkey solar solutions, including design, engineering, procurement, construction, testing, commissioning, transmission systems, and Operation & Maintenance (O&M) for residential, commercial, industrial, and government solar projects. The company operates under a dual business model: Turnkey EPC (Engineering, Procurement, and Commissioning) contracts and the sale of solar products. Under its EPC services, Solarium Green Energy manages site assessment, technology evaluation, engineering, supply chain management, construction, logistics, manpower, financial planning, and warranties. It offers residential rooftop solar installations, commercial and industrial (C&I) rooftop and ground-mounted projects, and executes government tenders for renewable energy systems, including hybrid and grid-connected solutions. The company also supplies solar products such as PV modules, inverters, and ABT meters, procuring from accredited vendors, and has previously manufactured polycrystalline solar modules for turnkey projects and direct client supply. Over the past three years, Solarium Green Energy has completed 11,195 residential, 172 commercial and industrial, and 17 government solar projects. As of September 30, 2024, the company employs 253 people.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Solarium Green IPO Strength Factors
- Comprehensive Renewable Energy Solutions – Solarium Green Energy handles everything from design and engineering to procurement, construction, and maintenance, ensuring smooth and efficient project execution.
- Wide Reach Across India – The company serves residential, commercial, industrial, and government clients, offering rooftop, ground-mounted, and hybrid solar solutions across the country.
- Strong Industry Relationships – With trusted suppliers and a history of successful projects, the company has built a solid reputation for reliability and credibility.
- Revenue Concentration Risk – A significant portion of revenue comes from a few key clients. Losing any major customer could impact cash flow and overall financial stability.
Solarium Green IPO Risk Factors
- Reliance on Gujarat – A big chunk of the company’s earnings comes from its operations in Gujarat, so any changes in the state’s economy or rules could have a big impact.
- Uncertain Rules & Policies – Government policy changes, like updates to the Approved List of Modules and Manufacturers (ALMM) by the Ministry of New & Renewable Energy, have affected the company before and might do so again in the future.
- Few Big Clients – A major share of the company’s revenue comes from a small group of customers. If any of these key clients stop doing business, it could hurt cash flow and profits.
Solarium Green IPO Lead Manager(s)
- Beeline Capital Advisors Private Limited
Solarium Green IPO Promoter(s)
- Ankit Garg
- Pankaj Vallabhbhai Gothi
Solarium Green IPO FAQs
Solarium Green Energy Limited IPO subscribed 8.93 times. The public issue subscribed 5.08 times in the retail category,8.55times in QIB, and -- times in the HNI (10+) category byNovember 25, 2025 12:00:53 PM (Day 25).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Solarium Green IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Solarium Green IPO FAQs
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