Solarium Green Energy Files for IPO with BSE SME September 17, 2024 MSME Sampark IPO News 0 Solarium Green Energy, a provider of turnkey solar solutions and comprehensive operation and maintenance (O&M) services, has filed its Draft Red Herring Prospectus (DRHP) with BSE SME to launch its Initial Public Offering (IPO). The company plans to issue 55 lakh equity shares through this offering. The primary objectives of the IPO are to meet working capital requirements and address general corporate purposes. For the financial year ending March 2024, Solarium Green Energy reported revenue of ₹178 crore, with an EBITDA of ₹24 crore and a net profit of ₹16 crore. Between FY22 and FY24, the company completed 8,506 residential rooftop projects, 152 commercial and industrial projects, and 8 government projects. Currently, it has 41 ongoing projects valued at ₹165 crore and is pursuing new tenders worth ₹253 crore. Founded by Ankit Garg, an IIT Dhanbad alumnus, Solarium Green Energy offers a full suite of services, including design, engineering, procurement, testing, installation, commissioning, and comprehensive operation and maintenance. The company excels in a variety of projects, from residential rooftops and commercial installations to ground-mounted systems and government projects. In addition to turnkey projects, Solarium Green Energy also offers a range of solar products, including PV modules, inverters, and availability-based tariff meters. Disclaimer: The information provided in this article is based on updates and reports gathered from various sources. Every effort has been made to ensure accuracy and reliability. We encourage readers to verify the details independently before making any decisions. Popular Articles Msme News Lack of Structured Business Learning Holding Back MSME Growth, Says Dr. Vivek Bindra IPO News Hero Motors Withdraws Rs 900 Crore IPO Plans Msme News MSME Bank Credit Jumps 14% in Priority Lending in August: RBI Data Msme News SPICE makes credit simpler and faster,” said Ishita Thaman, IES Msme News India’s MSMEs Get a Fresh Boost with NITI Aayog’s Competitiveness Roadmap Msme News India’s Payment Delays Are Killing MSMEs. And Big Companies Are Getting Away With It. Msme News AI for MSMEs: Bridging the Gap Between Technology and Business Goals Msme News Our Small Businesses Are Growing, But They Still Need a Helping Hand: President Droupadi Murmu on World MSME Day Msme News New Incentives for MSME Exporters Msme News India Launches ₹25,060 Crore Export Promotion Mission with Seven-Point Strategy to Boost Global Trade
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