Solar91 Cleantech Ipo
Objects of the 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 Cleantech IPO Review
Canara Bank –
DRChoksey FinServ –
Emkay Global –
Hem Securities –
IDBI Capital –
Marwadi Shares –
Nirmal Bang –
SBICAP Securities –
Sharekhan –
SMC Global –
Sushil Finance –
Swastika Investmart –
Ventura Securities –
Geojit –
Reliance Securities –
Capital Market –
BP Wealth –
ICICIdirect –
Choice Broking –
IPO Lead Managers aka Merchant Bankers
Narnolia Financial Services Ltd
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 600 | ₹1,17,000 |
| Retail Maximum | 1 | 600 | ₹1,17,000 |
| S-HNI Minimum | 2 | 1,200 | ₹2,34,000 |
| IPO Open Date: | 2025 |
| IPO Close Date: | 2025 |
| Basis of Allotment: | 2025 |
| Refunds: | 2025 |
| Credit to Demat Account: | 2025 |
| IPO Listing Date: | 2025 |
| 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 | ₹2.36 | ₹24.95 |
| September 2024 | ₹50.54 | ₹45.27 | ₹4.00 | ₹52.47 |
| 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 |
| 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. |
| IPO Open Date: | 2025 |
| IPO Close Date: | 2025 |
| 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 |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |