The initial public offer (IPO) of Solarium Green Energy will open on February 6 and close on February 10, 2025. Allotment will be finalised on February 11, 2025. It will be listed on BSE SME with precise listing date set as February 13, 2025.
The company is planning to raise Rs 105.4 crores which is entirely a fresh issue of 55 lakh shares.
Solarium Green Energy Price Band
Its price band has been fixed at Rs 181 to Rs 191 apiece. As per reports available, the minimum lot size for each application is 600 while minimum investment by retail investors will be Rs 1,14,600. Meanwhile, minimum lot size for HNI is two lots or 1200 shares that will amount to Rs 2,29,200.
It is worth noting here that the book running lead manager of Solarium Green IPO is Beeline Capital Advisors Pvt Ltd. On the other hand, Link Intime India Private Ltd is the registrar. The market maker for issue is Spread X Securities Private Limited.
Solarium Green Energy IPO GMP
The GMP or grey market premium of the IPO is yet to begin. Its GMP began from one session and it will be to early to decide the trajectory of GMP as of now.
Solarium Green Energy Key Dates
The IPO will open on February 6 with closing date fixed as February 10, 2025. The allotment date is February 11, initiation of refunds date is February 12 while credit of shares to Demat account set as February 12, and IPO’s listing date is February 13, 2025.
Solarium Green Energy IPO Promoter Holding: According to reports, Ankit Garg and Pankaj Vallabhbhai Gothi are the promoters of the firm.
The market capitalisation of Solarium Green Energy stood at 398.2 crore. The main objective of the issue is to fulfill the working capital requirements and other general corporate purposes.
About the company
It is a renowned solar energy company in India. It has gained specialisation in integrated solar solutions and turnkey services. It came into existence in 2018 and headquartered in Ahmedabad, Gujarat. Solarium is driven by a dynamic and entrepreneurial team, combining diverse expertise and hands-on experience in the renewable energy sector to deliver customized solar solutions to clients all over India. The main goal of the firm is to empower businesses and individuals with affordable, reliable, and sustainable solar energy solutions. Solarium helps people reduce their carbon footprint, lower energy costs, and contribute to a greener planet, according to its official website.
Disclaimer
The above content has been made for educational purposes only, and should be considered as investment advice from Moneydaily.in or the respective Author. Neither Moneydaily.in nor the Author will not be responsible for any losses as a result of decisions based on the above information. MoneyDaily.in advises readers to do your own research or consult with a SEBI registered investment advisor before making any investment decisions.
Leave a Reply