Solar91 Cleantech IPO Details
The key details of Solar91 Cleantech’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹106.00 Cr |
| Price Range | ₹185 - ₹195 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 600 |
| Investment (cut-off price) | ₹1,17,000 |
| Pre IPO Promotor Holding | 69.75% |
| Post IPO Promotor Holding | 51.26% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Solar91 Cleantech IPO Timelines
The IPO process for Solar91 Cleantech includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
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Start DateUpdate soon
End DateUpdate soon
Refund InitiationUpdate soon
Credit of Shares to Demat AcUpdate soon
Listing DateSolar91 Cleantech IPO Lot Size
The Solar91 Cleantech IPO has a fixed lot size of 600 shares, at an upper price band of ₹195 per share, requiring ₹117,000 per lot for retail investors. For HNI investors, the minimum application is 1,200 shares (2 lots) amounting to ₹234,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 600 | ₹1,17,000 |
| Retail Maximum | 1 | 600 | ₹1,17,000 |
| S-HNI Minimum | 2 | 1200 | ₹2,34,000 |
Solar91 Cleantech IPO Subscription Status
The subscription status for Solar91 Cleantech IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Solar91 Cleantech IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹42.01 | ₹41.57 | ₹0.32 |
| FY 2023 | ₹37.67 | ₹37.40 | ₹0.20 |
| FY 2024 | ₹42.97 | ₹39.84 | ₹2.36 |
| FY 2025 (6 M) | ₹50.54 | ₹45.27 | ₹4.00 |
About Company
Incorporated in 2015, Solar91 Cleantech Limited provides Engineering, Procurement, and Construction (EPC) solar energy solutions to commercial and industrial clients, helping reduce power consumption through renewable energy systems. The company focuses on serving the distributed renewable energy market, offering rooftop solar solutions for various sectors, including industrial, commercial, and residential. It also provides open access, group captive solutions, agro PV, and solar investment opportunities. Additionally, Solar91 develops its own solar projects under the Independent Power Producer (IPP) model, with a focus on projects under the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM Kusum) Scheme.
Solar91 has earned multiple awards and is recognized as a leader in the commercial and industrial solar PV sector, both in Rajasthan and nationally. The company operates under three key models: EPC, IPP, and Operations and Maintenance (O&M). Over the past nine years, Solar91 has completed 191 projects across India and one project in Kenya, with a total capacity exceeding 94 MW. As of September 30, 2024, the company employs 81 people and has successfully expanded its operations across 13 states in India.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2015 | Energy | Prateek Agrawal |
Know Before Investing
Solar91 Cleantech IPO Strengths
- A vast operational footprint across multiple regions ensures extensive market coverage and access to diverse solar opportunities.
- A specialized model combining distributed solar EPC and IPP within localized clusters maximizes efficiency and scalability.
- A significant order book is supported by a favorable national policy, driving steady growth and expansion in the solar sector.
- A dedicated team streamlines the design process and ensures swift regulatory approvals for smooth project execution.
- Advanced digital tools enhance operational efficiency, providing transparency and enabling real-time decision-making.
Solar91 Cleantech IPO Risks
- The solar energy sector is subject to fluctuations in demand and regulatory changes, which can impact revenue stability.
- As a relatively new company, Solar91 has limited financial data available for investors to assess long-term performance.
- The industry is competitive, with numerous players vying for market share, potentially affecting pricing and profitability.
- The company’s success is closely tied to government incentives and policies promoting renewable energy, which may change.
- The ability to effectively manage and execute large-scale solar projects is critical; any delays or failures could adversely impact financial performance.
Swot Analysis for Solar91 Cleantech IPO
Strengths
Established Market Presence, Diverse Client Base, Strong Project Pipeline, Commitment to Sustainability
Weaknesses
Limited Brand Recognition, Dependence on Government Policies, Operational Challenges
Opportunities
Growing Solar Market, Expansion Potential, Technological Advancements
Threats
Intense Competition, Economic Volatility, Regulatory Compliance Risks
Company Details
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/
IPO Registar Details
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
FAQs
The key objectives of Solar91 Cleantech IPO are:
- Fund investment in subsidiary for solar project development as an IPP.
- Support working capital requirements of the company.
- Allocate funds for general corporate purposes.
Narnolia Financial Services Ltd is the book-running lead managers for the Solar91 Cleantech IPO.