{"id":35925,"date":"2025-02-04T17:46:40","date_gmt":"2025-02-04T12:16:40","guid":{"rendered":"https:\/\/livemumbai.in\/index.php\/2025\/02\/04\/solarium-green-energy-limited-ipo-opens-on-february-06-2025\/"},"modified":"2025-02-04T17:46:40","modified_gmt":"2025-02-04T12:16:40","slug":"solarium-green-energy-limited-ipo-opens-on-february-06-2025","status":"publish","type":"post","link":"https:\/\/livemumbai.in\/index.php\/2025\/02\/04\/solarium-green-energy-limited-ipo-opens-on-february-06-2025\/","title":{"rendered":"Solarium Green Energy Limited IPO Opens On February 06, 2025"},"content":{"rendered":"<div>\n<div>\n<p><strong><b>Mumbai (Maharashtra) [India], February 4: <\/b><\/strong>Solarium Green Energy Limited specializes in Turnkey solutions including design, engineering, procurement, testing, installation, commissioning, transmission systems, and comprehensive O&amp;M services. It proposes to open its Initial Public Offering on February 06, 2025 aiming to raise\u00a0\u20b9\u00a0105.04 Crores, with shares to be listed on the BSE SME platform.<\/p>\n<p>The issue size is 54,99,600<strong>\u00a0<\/strong>equity shares of face value of\u00a0\u20b9\u00a010 each with an issue price band of\u00a0\u20b9181 \u2013\u00a0\u20b9191 Per Share.<\/p>\n<p><strong>Equity Share Allocation<\/strong><\/p>\n<ul>\n<li>Qualified Institutional Buyer \u2013 At least 26,05,800 Equity Shares<\/li>\n<li>HNI\u00a0\u2013 \u00a0At least 7,82,400 Equity Shares<\/li>\n<li>Retail Individual Investors \u2013 At least 18,24,600 Equity Shares<\/li>\n<\/ul>\n<p><strong>Market Maker \u2013 Up to 2,86,800 Equity Shares<\/strong><\/p>\n<p>The net proceeds from the IPO is to meet working capital requirements, and to address general corporate purposes.\u00a0The anchor bidding will open on February 05, 2025, the issue opening date will be February 06, 2025 and the issue will close on February 10, 2025.<\/p>\n<p>Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager to the Issue, while Link Intime India Private Limited will serve as the Registrar to the Issue.<\/p>\n<p><strong>Mr. Ankit Garg, Chairman &amp; Managing Director of Solarium Green Energy Limited\u00a0<\/strong>expressed, \u201cOver the years, our expertise and strategic vision have been instrumental in establishing the company as an emerging EPC player across the residential, commercial &amp; industrial (C&amp;I), and government sectors. With India\u2019s growing renewable energy demand and the nation\u2019s ambitious target of achieving 500 GW by 2030, we are committed to playing a significant role in expanding the country\u2019s green energy capacity. Our dedication to sustainability drives us to deliver innovative and impactful energy solutions.<\/p>\n<p>The funds raised through this IPO will enhance our working capital, ensuring seamless project execution and positioning Solarium to capitalize on emerging opportunities in the renewable sector. This IPO is not just about scaling our business\u2014it is a step toward accelerating India\u2019s transition to clean energy and building a more sustainable future.\u201d<\/p>\n<p><em> If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], February 4: Solarium Green Energy Limited specializes in Turnkey solutions including design, engineering, procurement, testing, installation, commissioning, transmission systems, and comprehensive O&amp;M [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35926,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[623],"class_list":["post-35925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/35925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/comments?post=35925"}],"version-history":[{"count":0,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/35925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media\/35926"}],"wp:attachment":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media?parent=35925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/categories?post=35925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/tags?post=35925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}