Posted on February 6, 2025, by Niftynews
The Solarium Green Energy IPO opened for subscription today, February 6, 2025, with the aim of raising ₹105.05 crore. The company is offering shares within a price band of ₹181-191 per share. The issue will remain open for bidding until February 10, 2025. Here’s all you need to know about the Solarium Green Energy IPO, including its subscription status, grey market premium (GMP), and more.
Solarium Green Energy Day 1 Subscription Status
On the first day of the IPO, Solarium Green Energy had been subscribed 0.18 times by 11:55 AM. The breakdown of subscription by category is as follows:
- Retail Investors: Subscribed 0.3 times
- Non-Institutional Investors (NIIs): Subscribed 0.16 times
- Qualified Institutional Buyers (QIBs): No bids were placed yet.
Investors can still look forward to changes in the subscription status as more applications come in over the next few days.
Solarium Green Energy GMP Today
The Solarium Green Energy IPO has a grey market premium (GMP) of ₹15. This suggests a potential listing price of ₹206, which is a 7.8% premium over the higher end of the price band of ₹191. However, it is important to remember that the GMP is an informal indicator of market sentiment and can fluctuate rapidly in the unlisted market.
Solarium Green Energy IPO Details
The Solarium Green Energy IPO is entirely a fresh issue, offering 55.00 lakh shares without an offer-for-sale component. For investors looking to participate, the minimum lot size for an application is 600 shares, with retail investors required to invest at least ₹1.14 lakh to be eligible for participation.
The company intends to use the proceeds of the IPO for its working capital requirements and general corporate purposes. This capital infusion is expected to support the company’s growth and expansion in the solar energy industry.
About Solarium Green Energy Limited
Founded in 2015, Solarium Green Energy is a leading player in the solar solutions industry. The company provides end-to-end solar solutions across residential, commercial, industrial, and government sectors. Solarium specializes in the design, engineering, procurement, construction, testing, commissioning, and maintenance of solar projects.
Additionally, Solarium Green Energy offers turnkey EPC (Engineering, Procurement, and Construction) services, handling everything from site assessment to supply chain coordination, construction, and financial planning for solar projects. The company is well-positioned to capitalize on the increasing demand for renewable energy and clean energy solutions in India.
Key Details for Solarium Green Energy IPO
- Issue Type: Fresh issue of 55.00 lakh shares
- Price Band: ₹181-191 per share
- Minimum Lot Size: 600 shares
- Retail Investment Minimum: ₹1.14 lakh
- Subscription Period: February 6 to February 10, 2025
- IPO Allotment Date: February 11, 2025
- Listing Date: February 13, 2025
- GMP: ₹15 (implying an estimated listing price of ₹206)
Beeline Capital Advisors Pvt Ltd is the book running lead manager for the Solarium Green Energy IPO, while Link Intime India Pvt Ltd is the registrar. The market maker for the issue is Spread X Securities Pvt Ltd.
Investment Insights: Solarium Green Energy IPO
With its focus on solar energy solutions, Solarium Green Energy is well-positioned to benefit from India’s growing emphasis on renewable energy. As the nation shifts towards cleaner energy, companies like Solarium are expected to see substantial growth in the coming years. For potential investors, the Solarium Green Energy IPO offers an opportunity to participate in the clean energy sector.
The company’s strong foothold in the EPC sector and its comprehensive range of services in solar power make it a promising option for investors looking to tap into the growing green energy market.
Solarium Green Energy IPO – Should You Invest?
The Solarium Green Energy IPO offers exposure to the booming solar energy sector in India. Given the company’s expertise in delivering turnkey solar solutions, investors may find the stock appealing in the long term. The GMP of ₹15 reflects a positive market sentiment, suggesting that the Solarium Green Energy share price may see a solid listing gain on February 13, 2025.
However, investors should carefully assess their risk appetite and consider market trends, especially since green energy stocks can be subject to volatility. The company’s future growth prospects in the solar industry and its ability to scale operations will be crucial factors to consider when evaluating the IPO.
Conclusion: Solarium Green Energy IPO Overview
The Solarium Green Energy IPO presents an exciting opportunity for investors looking to tap into India’s growing solar power market. With a strong focus on solar solutions and EPC services, Solarium is poised for long-term growth. The IPO price band of ₹181-191 and the positive GMP indicate strong investor interest. As the IPO progresses, it will be important for investors to monitor subscription trends, as well as the company’s performance post-listing.
If you’re interested in investing in Solarium Green Energy, make sure to stay updated on the subscription status, GMP, and other critical IPO details.
