Solarium Green Energy Announces ₹105.04 Crore IPO
Solarium specializes in rooftop solar systems, ground-mounted installations, solar trees, carports, hybrid solar-wind projects, and energy storage solutions

Solarium Green Energy, a turnkey solar energy solutions provider, has announced an initial public offering (IPO) worth ₹105.04 crore
Mumbai: Solarium Green Energy, a turnkey solar energy solutions provider, has announced an initial public offering (IPO) worth ₹105.04 crore on the BSE SME platform. The IPO, priced in the range of ₹181 to ₹191 per equity share of ₹10 face value, will open on February 6 and close on February 10, 2025.
Founded in 2018, Solarium specializes in rooftop solar systems, ground-mounted installations, solar trees, carports, hybrid solar-wind projects, and energy storage solutions. The company has successfully completed 11,195 residential, 172 commercial & industrial, and 17 government solar projects across Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Uttar Pradesh, Delhi, and Haryana.
The funds raised through the IPO will be used to enhance working capital and strengthen project execution capabilities, positioning the company to leverage emerging opportunities in India's fast-growing renewable energy sector.
“With India's target of achieving 500 GW of renewable energy capacity by 2030, we are committed to playing a significant role in expanding the country’s green energy footprint,” said Ankit Garg, Chairman & Managing Director, Solarium Green Energy.
Founded in 2018, Solarium specializes in rooftop solar systems, ground-mounted installations, solar trees, carports, hybrid solar-wind projects, and energy storage solutions. The company has successfully completed 11,195 residential, 172 commercial & industrial, and 17 government solar projects across Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Uttar Pradesh, Delhi, and Haryana.
The funds raised through the IPO will be used to enhance working capital and strengthen project execution capabilities, positioning the company to leverage emerging opportunities in India's fast-growing renewable energy sector.
“With India's target of achieving 500 GW of renewable energy capacity by 2030, we are committed to playing a significant role in expanding the country’s green energy footprint,” said Ankit Garg, Chairman & Managing Director, Solarium Green Energy.
( Source : Deccan Chronicle )
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