Solarium Green IPO Allotment Status

Summary

Solarium Green Energy Limited, established in 2015, has emerged as a comprehensive solar solutions provider specializing in turnkey projects across residential, commercial, industrial, and government sectors. With a proven track record of completing 11,195 residential, 172 commercial and industrial, and 17 government solar projects in the past three years, the company brings expertise in design, engineering, procurement, construction, and maintenance of solar installations. Their team of 253 employees as of September 2024 demonstrates their robust operational capabilities.
 

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Solarium Green IPO comes with a total issue size of ₹105.04 crore, which is entirely a fresh issue of 55.00 lakh shares. The IPO opened on February 6, 2025, and closed on February 10, 2025. The allotment date for the Solarium Green IPO is expected to be finalized on Tuesday, February 11, 2025.

Steps to Check Solarium Green IPO Allotment Status on Registrar Site

• Visit Link Intime India Private Ltd website
• Select "Solarium Green IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Solarium Green IPO Allotment Status on BSE/NSE

• Navigate to the BSE SME IPO Allotment Status Page
• Choose "Solarium Green IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Solarium Green IPO Subscription Status 

Solarium Green IPO received exceptional investor interest, being subscribed 8.83 times overall. Here is a category-wise breakdown of the subscription as of 5:04:49 PM on February 10, 2025:

• Retail Category: 5.07 times
• Qualified Institutional Buyers (QIB): 8.51 times
• Non-Institutional Investors (NII): 18.04 times

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Working Capital: To meet working capital requirements for expanding operations
• General Corporate Purposes: Supporting various business initiatives and corporate requirements

Solarium Green IPO - Listing Details 

The shares are scheduled to list on February 13, 2025, on BSE SME. The impressive subscription rate of 8.83 times demonstrates strong investor confidence in Solarium Green's business model and growth prospects. The company has shown robust financial performance with revenue of ₹82.34 crore and profit after tax of ₹7.55 crore for the period ended September 30, 2024. Their strong order book of ₹140+ crore and potential approval for over ₹1,200 crore of new contracts, combined with their integrated operations and diverse portfolio, position them well for future growth in the renewable energy sector.