SME IPO: Solarium Green's IPO to open on 6th Feb
Solarium Green Energy Limited IPO to Launch on February 6th
posted by NILESH WAGHELA
Mumbai – Solarium Green Energy Limited, a company known for providing turnkey solutions in renewable energy, will open its Initial Public Offering (IPO) on February 6, 2025.
The company aims to raise ₹105.04 Crores, with shares to be listed on the BSE SME platform.
The IPO will offer 54,99,600 equity shares, each with a face value of ₹10, at an issue price band of ₹181 to ₹191 per share.
The funds raised will be used for working capital and general corporate purposes.
The IPO process will begin with anchor investor bidding on February 5, 2025, followed by the main issue opening on February 6, 2025. The offer will close on February 10, 2025.
Beeline Capital Advisors Private Limited is the lead manager for the IPO, and Link Intime India Private Limited is the registrar.
Mr. Ankit Garg, Chairman & Managing Director of Solarium Green Energy Limited, said, “Our focus on sustainability and innovation has made us a key player in the renewable energy sector.
With India aiming for 500 GW of green energy by 2030, we are committed to contributing to the country's clean energy goals.
This IPO will support our working capital and help us seize new opportunities in the growing renewable energy market."
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