184  Total SME IPOs listed in 2024

6606.93 Crs.  Total funds raised in 2024

172  SME IPOs listed with Gain in 2024

12  SME IPOs listed with loss in 2024

184  Total SME IPOs listed in 2024

6606.93 Crs.  Total funds raised in 2024

172  SME IPOs listed with Gain in 2024

12  SME IPOs listed with loss in 2024

184  Total SME IPOs listed in 2024

6606.93 Crs.  Total funds raised in 2024

172  SME IPOs listed with Gain in 2024

12  SME IPOs listed with loss in 2024

184  Total SME IPOs listed in 2024

6606.93 Crs.  Total funds raised in 2024

172  SME IPOs listed with Gain in 2024

12  SME IPOs listed with loss in 2024

Sector: Solar

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Summary

PE Ratio*
Highest 31.40
Median 19.44
Lowest 10.50
IPO Size (Cr.)
Highest 74.52
Median 28.67
Lowest 7.18
  1. *IPOs with Extreme PE (50+) are excluded from the above calculations.
  2. Above summary is for reference only as the same is based on the limited data set.
Company Name City Sector IPO Size (Cr.) IPO Size Classification IPO Year (Listed) PE Ratio PE Ratio Classification Merchant Banker
Trom Industries Limited Gandhinagar Solar 31.37 Large (25-50 Cr) Aug 2024 18.46 Average (10-20) Expert Global Consultants Private Limited
GP Eco Solutions India Limited New Delhi Solar - Energy 30.79 Large (25-50 Cr) Jun 2024 17.44 Average (10-20) Corporate Capital Ventures Private Limited
Alpex Solar Limited New Delhi Solar 74.52 Very Large (>50 Cr) Feb 2024 18.50 Average (10-20) Corporate Capital Ventures Private Limited
Australian Premium Solar (India) Limited Sabarkantha Solar - Panels 28.08 Large (25-50 Cr) Jan 2024 31.40 Very High (30-50) Beeline Capital Advisors Private Limited
Oriana Power Limited New Delhi Solar - Panels 59.66 Very Large (>50 Cr) Aug 2023 20.70 Moderately High (20-30) Corporate Capital Ventures Private Limited
Ahasolar Technologies Limited Ahmedabad Solar - Panels 12.85 Medium (10-25 Cr) Jul 2023 27.45 Moderately High (20-30) Beeline Capital Advisors Private Limited
Insolation Energy Limited Jaipur Solar - Panels 22.16 Medium (10-25 Cr) Oct 2022 11.41 Average (10-20) Holani Consultants Private Limited
Gensol Engineering Limited Chandigarh Solar 17.93 Medium (10-25 Cr) Oct 2019 10.50 Average (10-20) Pantomath Capital Advisors Private Limited
Bright Solar Limited Ahmedabad Solar - Panels 19.44 Medium (10-25 Cr) Jul 2018 11.00 Average (10-20) Swastika Investmart Limited
Taylormade Renewables Limited Ahmedabad Solar - Energy 11.34 Medium (10-25 Cr) Apr 2018 20.00 Average (10-20) Guiness Corporate Advisors Private Limited
Solex Energy Limited Anand Solar - Energy 7.18 Small (5-10 Cr) Feb 2018 27.00 Moderately High (20-30) Swastika Investmart Limited

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