Solarium Green Energy IPO
smelistedAbout the company
Solarium Green Energy Limited, led by promoters Mr. Ankit Garg and Mr. Pankaj Vallabhbhai Gothi, is a key player in the renewable energy sector. Founded in 2018, the company initially produced polycrystalline solar panels but shifted focus to providing solar and hybrid solutions due to regulatory changes in 2024. It offers turnkey EPC services, including site assessments, technology evaluations, engineering, and O&M services. With over 11,000 residential projects completed, it has expanded its presence across multiple states in India, competing in government tenders worth ₹88,536.59 Lakhs.
Strengths
Risks
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed06 Feb 2025Bidding starts for all investor categories
IPO Closes
Completed10 Feb 2025Last day to place your bid
Basis of Allotment
Completed11 Feb 2025Share allotment finalised
Refund Initiation
Completed12 Feb 2025Refunds credited for non-allottees
Credit to Demat
Completed12 Feb 2025Allotted shares credited to demat account
Listing on Exchange
Completed13 Feb 2025Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 600 | ₹114,600 | 1 | ₹114,600 | 1 lot only |
| HNI | 2 | 1200 | ₹229,200 | 2 | ₹229,200 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,822,581 | 52.5 | 0 | 0.00x | 100% |
| NII | 15% | 846,774 | 15.75 | 0 | 0.00x | 100% |
| Retail | 35% | 1,975,806 | 36.75 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
