243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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Solar91 Cleantech Limited

Jaipur

Date of DRHP : 29 Aug 2024

Issue Type : Book Building Process

IPO Type :
SME IPO

Solar91 Cleantech Basic Details

   Solar - Energy

Sub Sector: engaged in providing EPC Solar Energy Solutions to Commercial & Industrial

Exchange:
BSE Emerge

About the Company

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 Power Purchase Agreements (“PPA”) with Discom (Electricity Distribution Company) for selling electricity units generated from our projects

Financial Summary (Annualised Basis)

Revenue :
42.77 Cr.

PAT :
2.33 Cr.

Solar91 Cleantech IPO Lead Manager(s)

Narnolia Financial Services Limited

Solar91 Cleantech IPO Registrar

Maashitla Securities Private Limited

Solar91 Cleantech DRHP Details

Objects of issue

  • 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

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FAQs

Solar91 Cleantech operates in Solar - Energy and engaged in providing EPC Solar Energy Solutions to Commercial & Industrial. The Issue would be listed on SME. The registrar of the Issue is Maashitla Securities Private Limited. The IPO type of Solar91 Cleantech is Book Building Process and Object of issue is

  • 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

The DRHP (Draft Red Herring Prospectus) of Solar91 Cleantech IPO was filed on 29 Aug 2024.

No, Solar91 Cleantech IPO is not yet listed. See other upcoming SME IPOs here.

The IPO open date and IPO close date of Solar91 Cleantech are not available now. You can apply in Solar91 Cleantech 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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