Solar91 Cleantech
BSE SME₹117,000 / 600 Shares
IPO Details
Solar91 Cleantech IPO is priced between ₹185-195 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the BSE SME, and Maashitla Securities Private Limited is managing the issue as the registrar.
The IPO bidding period opened on N/A, and closed on N/A. The allotment results will be announced on N/A, with a tentative listing date set for N/A.
The total issue comprises 54,36,000 shares, amounting to ₹106.00 Cr.
Solar91 Cleantech IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| TBA - TBA | Invalid Date | ₹10 Per Equity Share | ₹185-195 per equity share | - | Shares | - | BSE SME |
Solar91 Cleantech IPO Timeline
Issue Price
₹185-195 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Maashitla Securities Private LimitedMarket Lot
600 Shares (₹117,000/-)Lead Manager
Narnolia Financial Services LtdIssue Size
54,36,000 shares(aggregating up to ₹106.00 Cr)Retail Portion
35%Subscription
N/A timesIPO Docs
DRHPSolar91 Cleantech IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 2495.28 | 4297.4 | 235.81 | - | - | - |
| 31 Mar 23 | 1299.4 | 3766.95 | 20.33 | - | - | - |
| 31 Mar 22 | 953.85 | 4201.23 | 32.34 | - | - | - |
All values are in ₹ Lakh
Solar91 Cleantech IPO Valuations
EPS PRE IPO ₹/- | EPS POST IPO ₹/- | PE PRE IPO - | PE POST IPO - | ROE - |
ROCE - | DEBT EQUITY - | RONW 49.51% | PAT MARGIN - | PRICE TO BOOK VALUE - |
About Company
Solar91 Cleantech Limited is engaged in providing Engineering, Procurement, and Construction (EPC) Solar Energy Solutions to commercial and industrial customers with renewable energy systems to help reduce their power consumption.
The company primarily focuses on serving customers and investors in the distributed renewable energy market. This includes rooftop solar for industrial, commercial, and residential sectors, as well as open access, group captive solutions, agro PV, and distributed solar investment opportunities.
Solar91 Cleantech IPO - Issue Objectives
- To meet the expenses for Investment in Subsidiary for development of Solar Projects as an Independent Power Producer (IPP)
- To meet the expenses for Working capital requirement for the company
- To meet the expenses for General Corporate Purpose