Solarium Green IPO - Day 3 Subscription at 2.70 Times

Solarium Green's initial public offering (IPO) has received strong investor interest over the three-day period. The IPO witnessed steady growth in demand, with subscription rates progressing from 1.01 times on day one, to 1.52 times on day two, and reaching 2.70 times by 12:44 PM on the final day.

Solarium Green IPO, which opened on February 6, 2025, has seen robust participation across categories. The QIB segment has shown the strongest interest, reaching 2.86 times subscription, while Retail Investors achieved 2.68 times subscription. The NII segment registered 2.54 times subscription.
 

Subscription Status of Solarium Green IPO:

Here are the subscription details for Solarium Green IPO as of Day 3 (February 10, 2025, 12:44 PM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Solarium Green IPO - Day 3 Subscription

Key Highlights:

• Overall subscription grew to 1.52 times
• QIB portion improved to 2.71 times
• Retail investors showed growth to 1.38 times
• NII segment at 0.27 times
• Day two witnessed steady momentum
• Market response showing growing confidence
• Strong institutional participation
• Retail interest building up
   

Solarium Green IPO - Day 2 Subscription at 1.52 Times

Key Highlights:

• Overall subscription opened at 1.01 times
• QIB portion started strong at 1.96 times
• Retail investors began at 0.74 times
• NII segment showed initial interest at 0.36 times
• Opening day showed promising response
• Initial momentum indicating good interest
• Strong QIB participation from start
• Steady retail participation emerging

Solarium Green IPO - Day 1 Subscription at 1.01 Times

Key Highlights:

• Overall subscription opened at 1.01 times
• QIB portion started strong at 1.96 times
• Retail investors began at 0.74 times
• NII segment showed initial interest at 0.36 times
• Opening day showed promising response
• Initial momentum indicating good interest
• Strong QIB participation from start
• Steady retail participation emerging

About Solarium Green Energy Limited

Solarium Green Energy Limited, established in 2015, has emerged as a significant player in India's renewable energy sector, specializing in comprehensive solar solutions. The company offers end-to-end services including design, engineering, procurement, construction, and maintenance of solar projects across residential, commercial, industrial, and government sectors. Their impressive track record includes the completion of over 11,000 residential projects, 172 commercial and industrial installations, and 17 government solar projects in the past three years.

Their financial performance demonstrates remarkable growth with revenue increasing from ₹98.93 crores in FY2023 to ₹177.81 crores in FY2024, while profit after tax rose significantly from ₹1.74 crores to ₹15.59 crores. For the six months ended September 30, 2024, the company reported revenue of ₹82.34 crores with a PAT of ₹7.55 crores, showcasing robust operational efficiency and growth potential in the expanding renewable energy sector.
 

Their competitive strengths include:

• Integrated operations for renewable energy projects
• Diverse portfolio with strong domestic presence
• Robust customer and supplier relationships
• Experienced management team
• Comprehensive turnkey solutions capability
• Strong project execution track record
• Pan-India operational presence
   

Highlights of the Solarium Green IPO:

• IPO type: Book Built Issue SME IPO
• IPO size: ₹105.04 crores
• Fresh Issue: 54.99 lakh shares
• Face value: ₹10 per share
• Price band: ₹181 to ₹191 per share
• Lot size: 600 shares
• Minimum investment for retail investors: ₹1,14,600
• Minimum investment for HNI: ₹2,29,200 (2 lots)
• Market maker reservation: 2,86,800 shares
• Listing at: BSE SME
• IPO opens: February 6, 2025
• IPO closes: February 10, 2025
• Allotment date: February 11, 2025
• Refund initiation: February 12, 2025
• Credit of shares: February 12, 2025
• Listing date: February 13, 2025
• Lead Manager: Beeline Capital Advisors Pvt Ltd
• Registrar: Link Intime India Private Ltd
• Market Maker: Spread X Securities Private Limited