- POSITIVE
Annual Revenue Solarium Green Energy Mar-2026 Annual Revenue is Rs 373 Cr which is growth of 61.4% YoY.
- POSITIVE
Annual Net Profit Solarium Green Energy Mar-2026 Annual Net Profit is Rs 20 Cr which is growth of 10.1% YoY.
Solarium Green Energy Ltd. was established on December 17, 2015. The company provides turnkey solar solutions, including design, engineering, procurement, construction, testing, commissioning, and O&M of solar power plants for residential, commercial, industrial, and government projects
| Bidding Dates |
|---|
| 06 Feb 2025 - 10 Feb 2025 |
| Subscription |
|---|
| 8.28x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹108,600 | 1 | 1 | 600 | 5.5 M | ₹181 - ₹191 | 57.79 % | ₹995.4 M - ₹1,050.4 M | RHP DOC |
Solarium Green Energy IPO SUBSCRIPTION STATUS
10 Feb '25Total8.28x
Retail Individual Investor6.72x
HNI (NII) Investors24.39x
Qualified Institutional Buyers4.53x
Solarium Green Energy IPO overall subscription rate was 8.28 times the total available shares
Solarium Green Energy IPO retail subscription rate was 6.72 times in the retail segment
Solarium Green Energy IPO non-institutional investor subscription rate was 24.39 times in the non-institutional investor category
Solarium Green Energy IPO Qualified Institutional Bidder subscription rate was 4.53 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
10 Feb 2025 (Day 3) | 6.72x | 24.39x | 4.53x |
07 Feb 2025 (Day 2) | 1.83x | 0.84x | 1.44x |
06 Feb 2025 (Day 1) | 0.81x | 0.39x | - |
Solarium Green Energy FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 75.5 | 820.0 | -27.3 | -27.3 | 14.1% |
| FY24 | 155.9 | 1,774.0 | -29.6 | -29.6 | 13.4% |
| FY23 | 17.4 | 987.9 | -48.4 | -48.4 | 5.7% |
| FY22 | 20.5 | 1,673.7 | 8.1 | 8.1 | 2.7% |
Solarium Green Energy IPO SUBSCRIPTION STATUS DETAILS
Solarium Green Energy had 5.5 M shares on offer
Solarium Green Energy IPO offer price was in the range ₹181 - ₹191
Solarium Green Energy IPO minimum Investment was ₹108600
Solarium Green Energy IPO issue size was ₹ 995.4 M - ₹ 1,050.4 M
Solarium Green Energy had a minimum lot size of 600 Shares per application
Solarium Green Energy NUMBER OF SHARES ON OFFER
Total5.5 M
Fresh Issue5.5 M
Offer for Sale0
Post Issue Promoter Holding %57.79 %
Solarium Green Energy IPO IMPORTANT DATES
| Issue Open Date | 06 Feb 2025 |
| Issue close Date | 10 Feb 2025 |
| Allotment Date | 11 Feb 2025 |
| Refund Date | 12 Feb 2025 |
| Demat Account Credit Date | 12 Feb 2025 |
| Listing Date | 13 Feb 2025 |
| Listing on Exchange(s) | BSE |
| Solarium Green Energy Allotment Status | Exchange |
Solarium Green Energy IPO subscription opened on 06 Feb 2025, and closed on 10 Feb 2025
IPO allotment for Solarium Green Energy was finalized on Tuesday, 11 Feb 2025
IPO listing for Solarium Green Energy was on BSE on Thursday, 13 Feb 2025
Solarium Green Energy IPO LISTING GAINS
| Issue Price (adjusted) | 191.0 |
| Listing Open Price | 202.0 |
| Listing Close Price | 211.9 |
| Listing Gain% | 5.8% |
| Current Gain% | -50.3% |
Solarium Green Energy Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Solarium Green Energy Ltd. | 94.9 | 197.9 | 9.7 | 1 | 0.5 | 12.6 | 4.4 | 373 | 61.4 | 20.5 | 10.1 | 9.8 | 10 |
| Adani Power Ltd. | 204 | 393407.8 | 21.6 | 0.4 | 6.1 | 19.8 | 9 | 57865.3 | -1.8 | 12834.3 | -0.8 | 9.4 | 51.4 |
| NTPC Ltd. | 316.7 | 307093.4 | 10.3 | 0.4 | 1.5 | 13.3 | 4.8 | 189798.6 | -0.6 | 27052.5 | 15.5 | 30.7 | 25.2 |
| Power Grid Corporation of India Ltd. | 261.2 | 242885.3 | 15 | 2.3 | 5.1 | 15.8 | 5.4 | 47684.4 | 0.5 | 15928 | 2.6 | 17.4 | 6.5 |
| Adani Energy Solutions Ltd. | 1446.7 | 176924.8 | 47.7 | 0.7 | 5.2 | 9 | 2.4 | 28325.2 | 15.9 | 2282.5 | 115.3 | 30.3 | 64.4 |
| Tata Power Company Ltd. | 364.6 | 116486.1 | 30.2 | -6.2 | 1.8 | 9.5 | 2.1 | 64171.7 | -4.2 | 3747.2 | -5.6 | 12.1 | -4.8 |
Annual
Balance Sheet
Ratios
Cash Flow
Solarium Green Energy annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
Nested row level
Base Level
Reporting Type
Standalone
Cell Data
Actual
Table Settings
YoY & New to Old
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Base Level
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| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 |
|---|---|---|---|---|---|---|---|
55.7% | 373 | 231.1 | 177.8 | 98.9 | 167.9 | ||
Operating Exp. Ann. | 53.8% | 337.7 | 204.2 | 153.3 | 92.8 | 162.8 | |
Operating Profit Ann. | 71.8% | 30.4 | 25.9 | 24.1 | 6 | 4.6 | |
OPM Ann. % | 10.5% | 8.16% | 11.21% | 13.57% | 6.04% | 2.75% | |
53.9% | 349.3 | 208.5 | 157 | 95.9 | 164.5 | ||
EBITDA Ann. | 79.5% | 35.3 | 26.9 | 24.5 | 6.1 | 5.1 | |
EBITDA Ann. margin % | 15.3% | 9.46% | 11.65% | 13.80% | 6.17% | 3.06% | |
Interest Ann. | 95.7% | 10.5 | 3.5 | 2.4 | 1.4 | 0.8 | |
Depr. | -11.7% | 1.1 | 0.9 | 1.3 | 1.6 | 1 | |
PBT Ann. | 107% | 26.6 | 22.6 | 20.8 | 3 | 3.4 | |
Tax Ann. | 67.4% | 6.1 | 4 | 5.3 | 1.3 | 1.3 | |
129.3% | 20.5 | 18.6 | 15.6 | 1.7 | 2.1 | ||
Net Profit Ann. | 129.3% | 20.5 | 18.6 | 15.6 | 1.7 | 2.1 | |
NPM Ann. % | 47% | 5.56% | 8.07% | 8.78% | 1.75% | 1.22% | |
EPS Adj. latest Ann. | 130.5% | 9.8 | 8.9 | 7.5 | 0.8 | 1 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
61.4%
2Y CAGR
44.8%
3Y CAGR
55.7%
Net Profit Ann.
1Y CHG
10.2%
2Y CAGR
14.6%
3Y CAGR
129.3%
Operating Exp. Ann.
1Y CHG
65.4%
2Y CAGR
48.4%
3Y CAGR
53.8%
Solarium Green Energy INFORMATION ON IPO ISSUE
About Solarium Green Energy
Solarium Green Energy Ltd. was established on December 17, 2015. The company provides turnkey solar solutions, including design, engineering, procurement, construction, testing, commissioning, and O&M of solar power plants for residential, commercial, industrial, and government projects
Object of the Issue
- To meet working capital requirements
- General corporate purposes
Solarium Green Energy - PROMOTERS
| Name |
|---|
| Ankit Garg |
| Pankaj Vallabhbhai Gothi |
Solarium Green Energy Lead Manager of the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Solarium Green Energy Registrar to the issue
Link Intime India Private Limited
solarium.smeipo@linkintime.co.in
Solarium Green Energy Strengths
Scaled & integrated operations
The company follows an integrated in-house approach for renewable projects, managing the entire lifecycle from project signing to commissioning and O&M. It leverages its expertise to secure competitive bids in India’s growing renewable energy sector
Strength
Strong domestic presence
The company has a diversified portfolio of renewable energy projects across 10 Indian states, including Gujarat, Delhi, Rajasthan, Haryana, Punjab, Odisha, Maharashtra, Uttar Pradesh, Madhya Pradesh, and Jammu & Kashmir
Strength
Customer relationship
The company emphasizes long-term client relationships, ensuring repeat business and strong customer retention. Its established client base provides a competitive advantage in acquiring new customers and expanding business
Strength
Solarium Green Energy Risks
Geographically concentrated
The company's revenues rely heavily on operations in Gujarat, making it vulnerable to any adverse developments in the region, which could impact its business, financial condition, and results
Risk
Cost overrun risks
The company faces risks of time and cost overruns, delays, or underestimations in construction costs, which may impact the economic viability of its renewable energy projects
Risk
Order delay risks
Orders may be delayed, modified, or cancelled, and letters of intent may not always convert into confirmed orders, which could affect the company’s business, operations, and financial condition.
Risk
IPO FAQs
The promoters of the company are Ankit Garg and Pankaj Vallabhbhai Gothi.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 181.0 - 191.0.
The IPO application opens on Feb 06, 2025 and closes on Feb 10, 2025.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 108,600.0, the maximum value for this IPO is Rs 114,600.0.
This IPO will be allotted on Feb 11, 2025.
The refund will be credited to your account on Feb 12, 2025.
The allotted shares will be credited to your demat on Feb 12, 2025.
Solarium Green Energy Ltd.’s shares listed on the stock exchanges on Feb 13, 2025.