Solarium Green Energy IPO opens today: Check key dates, price band, GMP and other details

The company plans to use the net proceeds from the IPO to be used for funding working capital requirements and general corporate purposes.

Check Solarium Green Energy IPO price band

Solarium Green Energy has priced its IPO in the range of Rs 181-191 per share, where investors can bid for 600 shares in one lot. About 20% is reserved for institutional investors, 40% for retail investors and the rest 40% for non-institutional investors.

Solarium Green Energy GMP on Day 1

Solarium Green Energy is commanding a GMP of around Rs 22 in the grey market, indicating a premium of 11% over the issue price.
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Solarium Green Energy IPO details

The company provides turnkey solar solutions which involves design, engineering, procurement and supply, construction and erection, testing, commissioning, associated transmission system and comprehensive operation and maintenance (O&M) of solar power plants.It serves a wide range of projects, including residential rooftop projects, commercial and industrial roof top and Ground Mounted projects, as well as government projects.

Along with its turnkey solutions, it is also involved in sale of solar products i.e. Solar PV (Photovoltaic) modules, Solar PV inverters, availability based tariff meters (ABT) and other solar products. The company is accredited with various certifications including BIS (Bureau of Indian Standards).

The company clocked revenues of Rs 82.34 crore in the six months ended September 2024 period, while profit stood at Rs 7.55 crore.

Check allotment and listing date of Solarium Green Energy IPO

Solarium Green Energy is likely to finalise the share allotment process for the IPO on February 11 and the listing date is scheduled for February 13.

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