Solar91 Cleantec IPO Details
| IPO Issue Open Date: | 24 December 2024 |
| IPO Issue Close Date: | 27 December 2024 |
| IPO Issue Price Band: | ₹185 to ₹195 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹106.00 Crores | 54,36,000 shares |
| Fresh Issue: | ₹106.00 Crores | 54,36,000 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE SME |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Solar91 Cleantec IPO Prospectus:
Checkout the Solar91 Cleantec IPO Prospectus of DRHP and RHP file.
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Solar91 Cleantec IPO Dates Timeline
| Issue Open Date: | 24 December 2024 |
| Issue Close Date: | 27 December 2024 |
| Basis of Allotment Date: | 30 December 2024 |
| Refunds Initiation: | 31 December 2024 |
| Shares Credit in Demat: | 31 December 2024 |
| IPO Listing Date Detail: | 1 January 2025 |
Solar91 Cleantec IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 600 shares = ₹1,17,000 |
| Retail (Max) | 1 lots and 600 shares = ₹1,17,000 |
| S-HNI (Min) | 1 lots and 1,200 shares = ₹2,34,000 |
| B-HNI Minimum | – |
Solar91 Cleantec IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹100 | ₹- | ₹- | 51% |
| 25th Dec | ₹100 | ₹- | ₹- | 51% |
| 24th Dec | ₹100 | ₹- | ₹- | 51% |
| 23 th Dec | ₹100 | ₹45,600 | ₹- | 51% |
| 20th Dec | ₹55 | ₹25,000 | ₹- | 28% |
| 19th Dec | ₹- | ₹- | ₹- | ₹- |
| 18th Dec | ₹- | ₹- | ₹- | ₹- |
| 17th Dec | ₹- | ₹- | ₹- | ₹- |
Check Live GMP
About Solar91 Cleantec
Jaipur-based Solar CleanTech Limited was founded in 2015 and started a solar energy business. Moreover, this company’s business shows every ray of energy leads more sustainable and brighter future. They cater customized solar solutions for homes businesses and industries and also they have standard services for installing and maintaining solar energy. It has the phrase “ Energy Independence” that allows customers and businesses to stop depending on coal, oil, and natural gas, and instead, they can produce their energy through solar power. This makes them more self-sufficient, meaning they do not need to depend on other countries or companies for their energy needs. Further, They also have expert and knowledgeable team members to handle projects of solar energy. Revenue in 2024 is 5,053.51 lakh and profit is 400.01 lakh in 2024 respectively.
Solar91 Cleantec IPO Strengths
- Unique Cluster Based Distributed Solar EPC and IPP Model
- Large Order Book under a favorable National Policy
- Digitally Enabled Processes within the Organization
- Development of Solar Parks for Commercial and Industrial Customers
Objects of the IPO Issue
- 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
Solar91 Cleantec Company Financial Report
The company reported revenue of ₹42.97 crores in 2024 against ₹37.67 crores in 2023. The company reported a profit of ₹2.36 crores in 2024 against a Profit of ₹0.20 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹42.01 | ₹41.57 | ₹0.32 | ₹9.54 |
| 2023 | ₹37.67 | ₹37.40 | ₹0.20 | ₹12.99 |
| 2024 | ₹42.97 | ₹39.84 | ₹2.32 | ₹24.95 |
| September 2024 | ₹50.54 | ₹45.27 | ₹4.00 | ₹52.47 |
Solar91 Cleantec IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | 49.51% |
| ROCE: | 25.81% |
| EBITDA Margin: | 9.00% |
| PAT Margin: | 5.46% |
| Debt to equity ratio: | 2.30 |
| Earning Per Share (EPS): | ₹2.17 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 49.51% |
| Net Asset Value (NAV): | ₹3,047.22 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Oriana Power Limited | 33.93 | 65.10 | 36.47 | 7.88 | 55.13 Cr. |
| Waaree Renewable Technologies Limited | 14.30 | 95.30 | 57.43 | 12.45 | 148.94 Cr |
Solar91 Cleantec IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Solar91 Cleantec IPO Lead Manager
- Narnolia Financial Services Ltd
Solar91 Cleantec IPO allotment status noq on Link Intime website. Click on Maashitla Securities Private Limited to get allotment status.
Promoters of Solar91 Cleantec
- Mr. Prateek Agrawal
- Mr. Saurabh Vyas
- Mr. Sandeep Gurnani
- Mr. Dhawal Gaurang Vasavada
Company Address
Solar91 Cleantech Limited
Plot No. D-802,
Sector-5,
Malviya Nagar, Jaipur 302017
Phone: 91 805 8300 034
Email: info@solar91.com
Website: https://www.solar91.com/