How to check Solarium Green Energy IPO allotment status online on BSE?

The Solarium Green Energy IPO closed on a strong note on February 10, 2025, with an overall subscription of 8.92 times. Listed on the BSE SME platform, the IPO witnessed significant interest from retail, institutional, and non-institutional investors.

Now that the subscription is complete, investors are keen to check their Solarium Green Energy IPO allotment status, which will be finalised on February 11, 2025. If you've applied for this IPO, you can check your allotment status online through BSE. Here's how.

Steps to check Solarium Green Energy IPO allotment on BSE

To check your Solarium Green Energy IPO allotment status on the BSE website, follow these steps:

1. Go to the BSE IPO application status page: 

https://www.bseindia.com/investors/appli_check.aspx

2. Select 'Equity' under the issue type.
3. Choose Solarium Green Energy Ltd as the issue name.
4. Enter your PAN or application number.
5. Click submit and view your IPO allotment status.

If you are allotted shares, they will be credited to your Demat account. If not, refunds will be processed accordingly.

Solarium Green Energy IPO overview

1. IPO size: ₹105.04 crore (Fresh issue of 55 lakh shares)
2. Price band: ₹181 - ₹191 per share
3. Lot size: 600 shares (Minimum investment ₹1,14,600)
4. Subscription breakdown:

• Non-institutional investors: 13.47x
• Retail investors: 5.08x
• Qualified institutional buyers: 8.55x

5. Allotment finalisation date: February 11, 2025
6. Refund & share transfer date: February 12, 2025
7. Tentative listing date: February 13, 2025

For those looking to apply for IPO online, understanding subscription trends and allotment procedures is essential for making informed investment decisions.

Solarium Green Energy financials & IPO utilisation

Solarium Green Energy is a key player in the solar EPC industry, providing turnkey solutions for renewable energy projects. The company plans to utilise ₹71 crore from the IPO for working capital, while the remaining funds will go towards expansion, debt servicing, and other corporate needs.

Financial performance:

1. H1 FY25 profit after tax: ₹7.55 crore
2. H1 FY25 total income: ₹82.34 crore
3. FY24 PAT: ₹15.58 crore (vs ₹1.73 crore in FY23)
4. FY24 total income: ₹177.80 crore (vs ₹98.92 crore in FY23)

Key performance indicators (FY24):

1. Debt to equity ratio: 1.51
2. Return on capital employed: 54.18%
3. Return on equity: 124.38%
4. P/E ratio: 18.81
5. PAT margin: 8.79%

For investors planning to apply for an IPO online, keeping track of a company's financials and allotment process can help in making informed decisions.

Summing up

The Solarium Green Energy IPO closed successfully with an 8.92 times subscription. Investors can check their IPO allotment status online via BSE on February 11, 2025. Refunds and share transfers will take place on February 12, 2025, followed by the expected listing on February 13, 2025.

With strong financials and ₹105.04 crore IPO proceeds, Solarium Green Energy is poised for growth in the renewable energy sector. For future investments, always do thorough research before you apply for an IPO online to maximise your returns.