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 CII MSME FinFest 2024: Empowering MSMEs in Odisha with Better Access to Credit IPO News Sodhani Academy of Fintech Enablers IPO: Day 3 – Subscription Status, GMP, Key Dates, and More Msme News STPI Felicitates Trailblazing Startups at SANGAM 2025 Msme News India’s Dependence on Chinese Imports for MSME Goods Declining Msme News FM Nirmala Sitharaman Announces GST Reduction, A Major Relief for MSMEs Msme News New Safety Regulations for Machinery, Equipment to Impact MSMEs: GTRI Msme News MSMEs & Green Transition: Skilling and Loans Key to Success, Says WRI India CEO Msme News How GST 2.0 Could Revolutionize the Indian MSME Landscape Msme News Fabindia Partners with Ministry of MSME to Empower India’s Traditional Artisans Under PM Vishwakarma Scheme Msme News YES BANK Drives Innovation and Growth for South India’s MSMEs
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