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Solarium Green Energy Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Solarium Green Energy Ltd IPO

Registered Office: B-1208 World Trade Towers,B/H Skoda Showroom Makarba , Ahmedabad - 380051 , Gujarat , India.
Phone : +91 90165 49999   Fax:
Email :  investor@solariumenergy.in  
Website :  www.solariumenergy.in
Initial public issue of upto 54,99,600 equity shares of face value of (Rs)10/- each of Solarium Green Energy Limited ("Solarium, "SGEL" or the company or the issuer) for cash at a price of (Rs)191 per equity share including a share premium of (Rs)181 per equity share (the issue price) aggregating to (Rs)105.04 crores (the issue), of which 2,86,800 equity shares of face value of (Rs)10/- each for cash at a price of (Rs)191 per equity share including a share premium of (Rs)181 per equity share aggregating to (Rs)5.48 crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. net issue of 52,12,800 equity shares of face value of (Rs)10/- each at a price of (Rs)191 per equity share including a share premium of (Rs)181 per equity share aggregating to (Rs)99.56 crores is herein after referred to as the net issue. The issue and the net issue will constitute 26.38% and 25%, respectively, of the post issue paid up equity share capital of the company. Price Band: 191 per equity share of face value of (Rs)10 each. The Floor price is 19.10 times the face value of the equity shares respectively. Bids can be made for a minimum of 600 equity shares and in multiple of 600 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
06-Feb-25 10-Feb-25 (Rs)191.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :600  Further Multiples of :600

  (Rs Cr) Lead Managers to the Issue
Project Cost 96.26
Beeline Capital Advisors Pvt Ltd
Project Financed through Current Offer 105.04  
Post Issue Equity Share Capital 20.85  
Issue Price (Rs)191.00  
 
Projects
To meet working capital requirementsGeneral corporate purposes
Promoted By
Ankit Garg  
Pankaj Vallabhbhai Gothi  
Aditya Goyal  
Listing At
BSE - SME 
Registrar to the Issue
MUFG Intime India Pvt Ltd