Solar 91 Cleantech Ltd is engaged in providing EPC (Engineering, Procurement, and Construction) Solar energy solutions. It caters to customers, such as industrial, commercial and residential rooftop solar. The company has started operations in Rajasthan and Maharashtra and under the EPC contractor, it has commissioned 191 plants across 13 states and 1 plant in Kenya, Africa. Its subsidiary conducts power purchase agreements with Discom, electricity distribution company, for selling electricity units generated through its projects. It has commissioned 2 projects under IPP model.
Solar91 Cleantech IPO open date is December 24, 2024 and the IPO will close on December 27, 2024. Solar91 Cleantech IPO price band is ₹185 to ₹195 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Solar91 Cleantech IPO to list on BSE on January 1, 2024. The allotment of Solar91 Cleantech IPO date is December 30, 2024. The company reported profit of ₹2.36 crores in 2024 against Profit of ₹0.20 crores in 2023.
Solar91 Cleantech IPO Details
| IPO Open Date: | December 24, 2024 |
| IPO Close Date: | December 27, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹185 to ₹195 Per Share |
| Issue Size: | Approx ₹106.00 Crores |
| Fresh Issue: | Approx ₹106.00 Crores |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Solar91 Cleantech IPO Timeline
The Solar91 Cleantech IPO date is December 24 and the close date is December 27. The Solar91 Cleantech IPO allotment will be finalized on December 30 and the IPO listing on January 1.
| IPO Open Date: | December 24, 2024 |
| IPO Close Date: | December 27, 2024 |
| Basis of Allotment: | December 30, 2024 |
| Refunds: | December 31, 2024 |
| Credit to Demat Account: | December 31, 2024 |
| IPO Listing Date: | January 1, 2024 |
Solar91 Cleantech SME IPO Lots
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹185.00-195.00 |
| Market Lot: | 600 Shares |
| 1 Lot Amount: | ₹117000 |
| Min HNI Lots: | 1200 shares (2 lots)- ₹234000 |
Solar91 Cleantech: Key Financial Highlights and Analysis
Solar91 Cleantech Limited’s revenue increased by 14% and profit after tax (PAT) rose by 1060% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 5,247.35 | 2,495.28 | 1,299.4 | 953.85 |
| Revenue | 5,053.51 | 4,297.4 | 3,766.95 | 4,201.23 |
| Profit After Tax | 400.01 | 235.81 | 20.33 | 32.34 |
| Net Worth | 2,843.35 | 471.5 | 235.68 | 130.56 |
| Reserves and Surplus | 1,335.57 | 469.95 | 234.14 | 129.29 |
| Total Borrowing | 1,196.44 | 1,084.72 | 776.21 | 226.36 |
