Mumbai: "Solarium Green Energy Limited", a leading player in the renewable energy sector, will open its Initial Public Offering (IPO) on February 6, 2025, aiming to raise ₹105.04 Crores. The company specializes in providing turnkey solutions, including design, engineering, procurement, installation, commissioning, and comprehensive operation and maintenance (O&M) services for renewable energy projects.
Key Details:
Issue Size: 54,99,600 equity shares of ₹10 each.
Price Band: ₹181 - ₹191 per share.
Equity Share Allocation:
Qualified Institutional Buyers (QIB): 26,05,800 shares.
High Net-Worth Individuals (HNI): 7,82,400 shares.
Retail Individual Investors (RII): 18,24,600 shares.
Market Maker: 2,86,800 shares.
The IPO proceeds will primarily be utilized for enhancing working capital and supporting general corporate purposes. The anchor bidding will commence on February 5, 2025, and the issue will close on February 10, 2025.
'Solarium Green Energy', with a proven track record across residential, commercial, industrial, and government sectors, aims to leverage this IPO to strengthen its position in the growing Indian renewable energy market, in line with the country’s ambitious goal of achieving 500 GW of renewable energy capacity by 2030.
Book Running Lead Manager: Beeline Capital Advisors Private Limited
Registrar: Link Intime India Private Limited
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