Solarium Green Energy came to market through an SME IPO that opened on 6 February 2025 and closed on 10 February 2025, and the shares listed on 13 February 2025 on BSE SME. The price band was ₹181 to ₹191 per share and one lot was 600 shares, so the minimum application was ₹1,14,600. The issue size was ₹105.04 crore. The whole issue was fresh shares, so the money raised went to the company.
Link Intime India Private Ltd was the registrar to the issue, and Beeline Capital Advisors Pvt Ltd was the lead manager.
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Solarium Green Energy Limited is a company that was incorporated in 2015 and deals in the business of Solar Solutions. The company provides turnkey solar solutions, which include design, engineering, procurement, construction, testing, commissioning, transmission systems, and Operation & Maintenance for residential, commercial, industrial, and government solar projects. The company provides turnkey EPC (Engineering, Procurement, and Commissioning) contracts, covering site assessment, technology evaluation, engineering, supply chain management, construction, logistics, manpower, financial planning, and warranties for solar projects.
The company has done 11,195 residential, 172 Commercial and Industrial, and 17 government solar projects in the past three years. As of September 30, 2024, the company has 253 employees.
As described in the offer document.
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Ankit Garg, Pankaj Vallabhbhai Gothi. Promoter holding 78.50% before the issue.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Solarium Green Energy IPO was a ₹105.04 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹181–₹191 per share with a lot size of 600 shares (₹1,14,600). The IPO was open from February 6 to February 10, 2025. Shares listed on BSE SME on February 13, 2025 at ₹202, a 5.8% premium to the issue price of ₹191. Link Intime India Private Ltd is the registrar.
Beeline Capital Advisors Pvt Ltd is the book running lead manager.
The price band of Solarium Green Energy IPO is ₹181 to ₹191 per share.
The lot size of Solarium Green Energy IPO is 600 shares.
The minimum investment for Solarium Green Energy IPO is approximately ₹1,14,600 based on the upper price band.
The allotment date of Solarium Green Energy IPO is Feb 11, 2025.
Solarium Green Energy IPO's final recorded GMP before listing was ₹8 per share (a 4% premium over the ₹191 upper price band). The shares listed at ₹202. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Solarium Green Energy IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Solarium Green Energy IPO allotment status on Rupix for quick and easy access.
₹181 to ₹191 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,14,600. After listing, SME shares also trade in lots rather than one share at a time.
₹1,14,600, for one lot of 600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 6 February 2025 and closed on 10 February 2025.
The basis of allotment was published on 11 February 2025 by Link Intime India Private Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 13 February 2025 on BSE SME.
The issue size was ₹105.04 crore. The fresh issue was 54,99,600 shares (aggregating up to ₹105.04 crore).