
Energy / Renewable Energy · BSE
Solarium Green Energy Limited, incorporated in 2015, is engaged in providing turnkey solar solutions, including design, engineering, procurement, construction, testing, commissioning, transmission systems, and Operation & Maintenance (O&M) for residential, commercial, industrial, and government solar projects. The company operates under a dual business model: Turnkey EPC (Engineering, Procurement, and Commissioning) contracts and the sale of solar products. Under its EPC services, Solarium Green Energy manages site assessment, technology evaluation, engineering, supply chain management, construction, logistics, manpower, financial planning, and warranties. It offers residential rooftop solar installations, commercial and industrial (C&I) rooftop and ground-mounted projects, and executes government tenders for renewable energy systems, including hybrid and grid-connected solutions. The company also supplies solar products such as PV modules, inverters, and ABT meters, procuring from accredited vendors, and has previously manufactured polycrystalline solar modules for turnkey projects and direct client supply. Over the past three years, Solarium Green Energy has completed 11,195 residential, 172 commercial and industrial, and 17 government solar projects. As of September 30, 2024, the company employs 253 people.
Price Band
₹181 – ₹191
Issue Size
₹105 Cr
Lot Size
600 shares
GMP
+2.1%
Est. Listing
₹195
at current GMP
Subscribed
8.93x
overall
Open
6 Feb 2025
Close
10 Feb 2025
Allotment
11 Feb 2025
Refund
12 Feb 2025
Demat Credit
13 Feb 2025
Listing
13 Feb 2025
Overall Subscription
8.93x
Total Demand
QIB Multiplier
8.55x
Institutions & Funds
NII / HNI
18.41x
High Net-Worth
Retail (RII)
5.08x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,042,800 | 8,918,400 | 8.55x |
| NIB | 782,400 | 14,401,200 | 18.41x |
| RETAIL | 1,824,600 | 9,261,600 | 5.08x |
| Total | 3,649,800 | 32,581,200 | 8.93x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 3,208 | 16,297 | 5.08x |
| HNIs (10L +) | 21 | 387 | 18.41x |
| HNIs (2-10L) | 98 | 1,804 | 18.41x |
| Total Applications | 3,327 | 18,488 | 5.56x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Solarium Green Energy Limited is bringing an initial public offering (IPO) in the Energy / Renewable Energy sector with an aggregate issue size of ₹105.04 Crores. The shares are offered at a price band of ₹181 to ₹191 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 600 shares (approx. ₹1,14,600 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-02-13, while un-allotted funds or UPI block mandates will be released on 2025-02-12.
The latest Grey Market Premium (GMP) for Solarium Green Energy Limited IPO is ₹4 per equity share. Based on the upper price band of ₹181 to ₹191 per equity share, the estimated listing price is ₹195 (+2.1% expected listing gain).
With a lot size of 600 shares and current GMP of ₹4, the expected profit per application lot is approx ₹2,400 (+2.1% gain). Minimum application cost is approx ₹1,14,600.
The Solarium Green Energy Limited IPO aggregate issue size is ₹105.04 Crores with an equity price band set at ₹181 to ₹191 per equity share. The retail lot size is 600 shares requiring a minimum capital outlay of approx. ₹1,14,600.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 8.93x (Retail: 5.08x, QIB: 8.55x, NII: 18.41x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2025-02-11. Investors can verify status using PAN card or application number.
Solarium Green Energy Limited shares are scheduled to list on BSE on 2025-02-13.