243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

220  SME IPOs listed with Gain in 2024

23  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

220  SME IPOs listed with Gain in 2024

23  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

220  SME IPOs listed with Gain in 2024

23  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

220  SME IPOs listed with Gain in 2024

23  SME IPOs listed with loss in 2024

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Pmea Solar Tech Solutions Limited

Mumbai

Date of DRHP : 16 Sep 2024

Issue Type : Book Building Process

IPO Type :
MainBoard IPO

Pmea Solar Basic Details

   Solar

Sub Sector: Manufacrture of Solar tracking and mounting products

About the Company

Pmea Solar Tech Solutions is among the leading manufacturers in the solar tracking and mounting products sector in India with an annual installed capacity of 16 gigawatts (“GW”) of module mounting assembly (“Module Mounting Assembly”) and 6 GW of rolled products (“Rolled Products”), as of March 31, 2024. Pmea Solar Tech Solutions manufacture a wide range of solar tracking and mounting products which comprise (i) Module Mounting Assembly; and (ii) Rolled Products, which are used in utility scale and ground mounted solar power projects (Module Mounting Assembly and Rolled Products, together the “Solar Business”). As of March 31, 2024, Pmea Solar Tech Solutions had an estimated market share of 9% of the overall domestic market for solar tracking and mounting products used in solar trackers. Pmea Solar Tech Solutions solar tracking and mounting products are used as structural components to install solar photovoltaic (“PV”) modules for solar power projects and provide structural integrity for solar panels to optimize their exposure to sunlight.

Financial Summary (Annualised Basis)

Revenue :
1521.86 Cr.

PAT :
103.63 Cr.

Pmea Solar IPO Registrar

Link Intime India Private Limited

Pmea Solar DRHP Details

Objects of issue

  • Funding capital expenditure for the setting up of certain manufacturing facilities undertaken through investment in Pmea Solar Tech Solutions wholly owned Subsidiary, PMSS
  • Funding of capital expenditure requirements of Pmea Solar Tech Solutions Company towards purchase of machinery / equipment
  • Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Company and investment in wholly owned Subsidiaries, PMSS and Tapovan, for repayment or prepayment in full or in part, of all or a portion of certain outstanding borrowings availed by PMSS and Tapovan
  • General corporate purposes

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FAQs

Pmea Solar Tech Solutions operates in Solar and Manufacrture of Solar tracking and mounting products. The Issue would be listed on MainBoard. The registrar of the Issue is Link Intime India Private Limited. The IPO type of Pmea Solar Tech Solutions is Book Building Process and Object of issue is

  • Funding capital expenditure for the setting up of certain manufacturing facilities undertaken through investment in Pmea Solar Tech Solutions wholly owned Subsidiary, PMSS
  • Funding of capital expenditure requirements of Pmea Solar Tech Solutions Company towards purchase of machinery / equipment
  • Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Company and investment in wholly owned Subsidiaries, PMSS and Tapovan, for repayment or prepayment in full or in part, of all or a portion of certain outstanding borrowings availed by PMSS and Tapovan
  • General corporate purposes

The DRHP (Draft Red Herring Prospectus) of Pmea Solar Tech Solutions IPO was filed on 16 Sep 2024.

No, Pmea Solar Tech Solutions IPO is not yet listed. See other upcoming MainBoard IPOs here.

The IPO open date and IPO close date of Pmea Solar Tech Solutions are not available now. You can apply in Pmea Solar Tech Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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