Solarium Green Energy IPO Opens Today: Subscription Status, GMP, and Key Details
The much-anticipated Solarium Green Energy IPO has officially opened for subscription today, February 6, 2025, and will remain open until February 10, 2025. The company, a leading provider of solar energy solutions, is looking to raise ₹105.05 crore through this SME IPO.
With a price band set at ₹181-191 per share, investors have an opportunity to be part of a company operating in the fast-growing renewable energy sector. Here’s everything you need to know about the Solarium Green Energy IPO, including the subscription status, grey market premium (GMP), financials, and listing details.
Solarium Green Energy IPO Subscription Status (Day 1)
The IPO opened to a lukewarm response in the first few hours of bidding. As of 11:55 AM on February 6, the subscription status stood at 0.18 times overall. Here’s a detailed breakdown of investor interest so far:
| Investor Category | Subscription Status |
|---|---|
| Retail Investors | 0.30 times |
| Non-Institutional Investors (NII) | 0.16 times |
| Qualified Institutional Buyers (QIBs) | Yet to bid |
While retail investors showed some interest, the QIB category is yet to see any participation. However, demand could pick up in the coming days as large investors finalize their bids.
Solarium Green Energy GMP Today: How is the Stock Performing in the Grey Market?
The Grey Market Premium (GMP) for Solarium Green Energy IPO stands at ₹15 today. This means that the estimated listing price could be around ₹206 per share, reflecting a 7.8% premium over the IPO’s upper price band of ₹191.
It’s important to note that GMP fluctuates daily and is influenced by overall market sentiment, demand for the IPO, and economic conditions. Investors should not rely solely on GMP while making their investment decision.
Solarium Green Energy IPO Details: Lot Size, Issue Type, and More
Here are the key details of the IPO:
- Issue Type: 100% Fresh Issue of 55 lakh equity shares
- Total Issue Size: ₹105.05 crore
- IPO Price Band: ₹181-191 per share
- Lot Size: 600 shares per lot
- Minimum Investment Amount: ₹1.14 lakh (for retail investors)
- Listing Exchange: BSE SME
- IPO Registrar: Link Intime India Private Ltd
- Lead Manager: Beeline Capital Advisors Pvt Ltd
- Market Maker: Spread X Securities Private Limited
Solarium Green Energy IPO Allotment & Listing Dates
- IPO Allotment Date: February 11, 2025
- Refunds Initiation Date: February 12, 2025
- Shares Credit to Demat: February 12, 2025
- Listing Date: February 13, 2025
Once listed, the stock will start trading on the BSE SME exchange.
Company Overview: Solarium Green Energy Ltd.
Founded in 2015, Solarium Green Energy is a leading solar solutions provider, offering services across residential, commercial, industrial, and government projects. The company is engaged in:
✅ Turnkey Solar Solutions – from design & engineering to procurement, construction, and maintenance
✅ EPC (Engineering, Procurement & Construction) Contracts
✅ Operation & Maintenance of Solar Power Projects
With the rising demand for renewable energy, the company is strategically positioned to capitalize on India’s green energy transition.
How Will Solarium Green Energy Use the IPO Proceeds?
The company has outlined the following key objectives for utilizing the funds raised:
🔹 Working Capital Requirements – To support business expansion
🔹 General Corporate Purposes – Strengthening financial stability
This capital infusion is expected to boost the company’s growth and enhance its market position in the solar energy sector.
Solarium Green Energy Financial Performance & Key Ratios
Before investing, it’s crucial to assess the company’s financial strength. Here are some key financial ratios:
| Financial Metric | Value |
|---|---|
| Market Cap | ₹398 Cr |
| Stock P/E | 25.5 |
| ROCE (Return on Capital Employed) | 56.3% |
| ROE (Return on Equity) | 124% |
| Debt-to-Equity Ratio | 1.51 |
| Total Debt | ₹30.8 Cr |
| Industry P/E | 31.2 |
| Piotroski Score | 6.00 |
The company boasts strong profitability metrics, with an impressive ROE of 124% and ROCE of 56.3%, signaling efficient capital utilization.
Should You Invest in Solarium Green Energy IPO?
Pros of Investing:
✔ Strong Market Potential: Growing demand for solar energy in India
✔ High ROE & ROCE: Strong profitability and efficient capital utilization
✔ Government Support: Renewable energy sector backed by favorable policies
Risks to Consider:
⚠ High Debt-to-Equity Ratio: At 1.51, it indicates a moderate level of leverage
⚠ SME IPO Volatility: Stocks listed on BSE SME can be highly volatile
⚠ Subscription Uncertainty: Low demand from institutional investors so far
Final Verdict: Is Solarium Green Energy IPO Worth It?
With strong financials, a promising industry outlook, and growth potential, Solarium Green Energy IPO presents an interesting investment opportunity. However, investors should consider the risks associated with SME IPOs, including volatility and liquidity constraints.
If you are an investor looking for exposure to renewable energy stocks with high growth potential, this IPO might be worth considering. However, those with a low-risk appetite should weigh their options carefully before investing.
Conclusion
The Solarium Green Energy IPO is now open for subscription and will close on February 10, 2025. With a GMP of ₹15, the stock is showing moderate interest in the grey market. Investors should analyze the subscription status and financial ratios before making a final decision.
Stay tuned for further updates on Solarium Green Energy IPO allotment and listing!
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.