Solarium Green Energy provides turnkey solar solutions, including design, engineering, procurement, construction, testing, and maintenance of solar power plants. Their services cater to residential rooftop projects, commercial and industrial rooftops, ground-mounted solar projects, and government contracts. The company has established itself as a key player in India's renewable energy sector, benefiting from its experienced leadership team, including Ankit Garg and Pankaj Vallabhbhai Gothi, who bring more than 20 years of expertise in the industry.

The Solarium Green Energy IPO is a Book Built Issue, with a total issue size of ₹105.04 crores, consisting of a fresh issue of 54.99 lakh shares. The IPO will open on February 6, 2025, and close on February 10, 2025. The price band for the IPO is set between ₹181 and ₹191 per equity share, with a lot size of 600 shares. The minimum investment for retail investors is ₹1,14,600, and for High Net-Worth Individuals (HNIs), the minimum investment is ₹2,29,200 (2 lots).

The shares are expected to be listed on the BSE SME on February 13, 2025, with the allotment finalized around February 11, 2025.

Solarium Green Energy IPO Financials and Metrics
For the financial year FY24, Solarium Green Energy recorded revenues of ₹8,234.45 lakh, and a Profit After Tax (PAT) of ₹755.43 lakh, showing steady growth. The company’s EBITDA for the same period was ₹1,216.44 lakh, marking an improvement over the previous year.

The pre-issue Earnings Per Share (EPS) stands at ₹10.39, and the post-issue EPS is expected to be ₹7.48. The pre-issue P/E ratio is 18.38x, while the post-issue P/E ratio is 25.55x, which is lower than the industry P/E ratio of 35x, suggesting that the IPO is reasonably priced. Key performance indicators such as ROCE (54.18%) and ROE (124.38%) indicate the company’s efficient capital use and strong profitability.

Grey Market Premium (GMP)
The Grey Market Premium (GMP) for the Solarium Green Energy IPO is estimated at ₹47, indicating a 24.70% potential listing gain. However, it’s important to note that GMP is unregulated, and there is no actual trading in the grey market, so investors should treat this as informational only.

Solarium Green Energy IPO Subscription & Allotment
The subscription period for the IPO runs from February 6, 2025, to February 10, 2025. The allotment status will be finalized by February 11, 2025, and investors can check their allotment status on the registrar’s website by providing their application number, PAN, or DP Client ID.

Solarium Green Energy IPO Objectives
The company intends to utilize the net proceeds from the IPO for the following purposes:

1. ₹7,100.00 Lakhs for meeting working capital requirements.
2. General corporate purposes.

Investment Consideration & Recommendation
With strong growth in revenues and profitability, combined with the potential for listing gains driven by a solid GMP, the Solarium Green Energy IPO presents a favorable investment opportunity. The company's experienced leadership, robust financial performance, and solid industry outlook make this IPO worth considering for those seeking listing gains.

Investors should also keep in mind the inherent risks associated with IPO investments and evaluate their risk tolerance before applying.

The Upcoming IPOs in this week and coming weeks are  Readymix Construction, Solarium Green, Eleganz Interiors, PS Raj Steels, Chandan Healthcare, Ajax Engineering.

The Current active IPO are Ken Enterprises, Amwill Healthcare,Chamunda Electricals.

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