58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Solar91 Cleantech Limited IPO (Solar91 Cleantech IPO) Detail

Solar91 Cleantech IPO is a book build IPO listing on BSE SME exchange. The company is based in Jaipur and caters to Solar - Energy sector. Narnolia Financial Services is the merchant banker of Solar91 Cleantech IPO. It is a SME UPCOMING IPO which filed its Draft Red Herring Prospectus (DRHP) on 29th August 2024.

Solar91 Cleantech IPO open date is [●] and close date is [●]. IPO Allotment Date is [●] and Listing date is [●].

IPO Category : SME UPCOMING
Exchange : BSE SME
Issue Type : Book Building

Solar91 Cleantech IPO Date

Date of DRHP:
29th August 2024
IPO Allotment Date:
[●]
IPO Open Date:
[●]
Initiation of Refund:
[●]
IPO Closing Date:
[●]
IPO Listing Date:
[●]

Solar91 Cleantech IPO Info, Size, Subscription

Solar91 Cleantech IPO size is Rs [●] crores with IPO price of Rs [●]. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
[●]

Issue Price:
[●]

Market Capitalisation :
[●]

PE multiple :
[●]

Subscription :
[●]

Pre Issue Promoter Holding :
69.75 %

Post Issue Promoter Holding :
0.00%

Solar91 Cleantech IPO Information

Sub Sector :
Solar91 Cleantech (formerly Solar91 Cleantech Private Limited) was founded in 2015 by their promoters who are alumni of Indian Institute of Technology with a dream to contribute to a clean energy driven India. Company's is engaged in providing EPC Solar Energy Solutions to Commercial & Industrial customers to offset their power consumption through renewable energy sources, where they build, operate and maintain grid connected and off grid Solar Power Projects for their customers. Further, are moving towards the IPP Model (Independent Power Producer), where the will build their own portfolio of Solar projects. In this, the create an SPV (“Special Purpose Vehicle”) in the form of a 100% subsidiary and build, own, operate and maintain solar power projects. The subsidiary generates revenue by entering into
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Object of Issue (Solar91 Cleantech IPO Objectives)

  • To meet out the expenses for Investment in Subsidiary for development of Solar Projects as an Independent Power Producer (IPP)
  • To meet out the expenses for Working capital requirement for the company
  • To meet out the expenses for General Corporate Purpose
  • To meet out the Issue Expenses of the company for the Initial Public Offer

Narnolia Financial Services Limited is the book-running lead manager of the Solar91 Cleantech IPO. Maashitla Securities Private Limited is the Registrar and Market Maker is [●] for Solar91 Cleantech IPO.

Solar91 Cleantech IPO Market Maker

[●]

Solar91 Cleantech IPO Registrar (RTA)

Maashitla Securities Private Limited

Solar91 Cleantech IPO Lead Manager (BRLM)

Narnolia Financial Services Limited

Solar91 Cleantech IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is Solar91 Cleantech IPO?

Solar91 Cleantech IPO, based in Jaipur, operates in the   Solar - Energy sector with a focus on . The company is launching its SME UPCOMING IPO on the BSE SME exchange, using the Book Building Issue method. Solar91 Cleantech IPO size is ₹ [●] Crores with fresh issue size of Rs [●] Crores and Offer for sale being Nil.

When is Solar91 Cleantech IPO allotment?

The IPO allotment date for Solar91 Cleantech IPO is expected to be [●], after the finalization of basis of allotment. Investors can check Solar91 Cleantech IPO allotment status on the registrars website, Maashitla Securities Private Limited. Solar91 Cleantech IPO refund dates are [●].

When is Solar91 Cleantech IPO listing date?

Solar91 Cleantech IPO is expected to be listed on [●].

What is the price band for Solar91 Cleantech IPO?

The upper price band for the Solar91 Cleantech IPO is set at ₹ [●] per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is Solar91 Cleantech IPO Review?

For IPO analysis on Solar91 Cleantech IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for Solar91 Cleantech IPO?

To apply for the Solar91 Cleantech IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of [●]. After submission, funds are blocked until the basis of allotment of Solar91 Cleantech IPO is finalised.

Who is the merchant banker of Solar91 Cleantech IPO?

The merchant banker for Solar91 Cleantech IPO is Narnolia Financial Services Limited . Narnolia Financial Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Solar91 Cleantech IPO RHP for further details.

Who is the Registrar of Solar91 Cleantech IPO?

The registrar for Solar91 Cleantech IPO is Maashitla Securities Private Limited. Investors can go to Maashitla Securities Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Solar91 Cleantech IPO through their official website or helpline.

What is the Solar91 Cleantech IPO subscription?

Solar91 Cleantech IPO was subscribed [●] times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

  • IPO Size: [●] Avg IPO Size (Sector Based) : [●]
  • Sector: Solar - Energy SME IPO so far: 0
  • Merchant Banker: Narnolia Financial SME IPO by BRLM so far: 47
  • City: Jaipur SME IPO so far: 8
  • Revenue (annualised): ₹ 42.77 cr.
            PAT: (annualised): ₹ 2.33 cr.
  • PE Ratio: [●] Average Sector PE Ratio: [●]
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FAQs

Solar91 Cleantech IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Solar91 Cleantech Financial Review Page

Solar91 Cleantech IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Solar91 Cleantech IPO listed at a listing price of against the offer price of .

The current market price of Solar91 Cleantech is .

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