Solarium Green Energy Lists at 5.76% Premium on BSE SME, Surges Further on Strong Demand

Solarium Green Energy Limited, a comprehensive solar solutions provider operating since 2015, made a positive debut in the public markets on Wednesday, February 13, 2025. The company, which specializes in end-to-end solar project services from design to maintenance, commenced trading on BSE SME with a modest premium and showed strong momentum in early trading despite recent market volatility.

Solarium Green Energy Listing Details 

The company's market debut presented an encouraging correlation between primary market enthusiasm and secondary market valuation:

• Listing Time & Price: When trading commenced at market open, Solarium Green shares debuted at ₹202 on BSE SME, showing a decent premium of 5.76% against the issue price of ₹191. This positive opening was supported by the IPO's healthy oversubscription of 8.83 times.
• Issue Price Context: The company had fixed the IPO price at ₹191 per share. The market's response validates this pricing given the company's growth trajectory and strong presence in the renewable energy sector.
• Price Evolution: By 10:56 AM IST, the stock showed further strength, trading at ₹212 after hitting an intraday high of ₹212.10, representing an impressive gain of 10.99% from the issue price.

First-Day Trading Performance of Solarium Green Energy

The trading activity showed robust participation with bullish sentiment:

• Volume and Value: Within the first few hours, trading volume reached 20.29 lakh shares, generating a turnover of ₹41.73 crore, with 100% of traded quantity marked for delivery.
• Demand Dynamics: The stock's trading pattern showed buy orders for 5,64,600 shares against sell orders for 2,400 shares, indicating strong buying interest at current levels.

Market Sentiment and Analysis

• Market Reaction: Positive opening followed by continued momentum
• Subscription Rate: The IPO had been subscribed 8.83 times overall
• Category-wise Response: NII portion showed strongest interest at 18.04 times, followed by QIB at 8.51 times

Growth Drivers and Challenges 

Expected drivers of future performance:

• Integrated renewable energy operations
• Diversified project portfolio
• Strong customer relationships
• Experienced management team
• Government push for solar
• Robust order book

Potential challenges:

• Working capital intensity
• Policy dependency
• Technology evolution
• Raw material costs
• Competitive pressures
• Project execution risks

Utilisation of IPO Proceeds 

The ₹105.04 crore raised through fresh issue will be used for:

• Working capital requirements
• General corporate purposes
   

Financial Performance of Solarium Green Energy

The company has shown strong growth:

• Revenue of ₹177.81 crore in FY2024
• H1 FY2025 (ended September 2024) showed revenue of ₹82.34 crore with PAT of ₹7.55 crore
• Net Worth of ₹33.13 crore as of September 2024
• Total borrowings of ₹33.47 crore
• Total assets of ₹95.25 crore as of September 2024

As Solarium Green begins its journey as a listed entity, market participants will closely monitor its ability to execute its strong order book of over ₹140 crore and potential new contracts worth ₹1,200 crore. The positive listing and subsequent trading pattern reflect investors' confidence in the company's business model and growth prospects in India's expanding renewable energy sector. The company's ability to maintain operational efficiency while scaling up its project portfolio will be crucial for sustaining investor confidence and supporting long-term value creation.