Solarium Green Energy Limited Secures In-Principle Approval from BSE

02 Jan 2025

Solarium Green Energy Limited, a leading company in the renewable energy industry, is excited to announce that it has obtained approval from the Bombay Stock Exchange (BSE) for its Draft Red Herring Prospectus (DRHP) in preparation for its upcoming Initial Public Offering (IPO). The company is preparing to go public with the goal of enhancing its financial foundation and advancing its commitment to driving the global transition to sustainable energy solutions. The approval of the IPO represents a key milestone in the company’s growth, as it aims to raise capital for strategic initiatives, including supporting working capital needs and fulfilling other corporate goals. Through this IPO, Solarium Green Energy Limited seeks to strengthen its financial flexibility, enabling the execution of future projects, expanding its market presence, and meeting the increasing demand for sustainable energy solutions nationwide.

IPO’s Details

The company intends to offer up to 55,00,000 equity shares, each with a face value of ?10, as part of its planned public offering. This move is anticipated to attract significant investor interest and strengthen Solarium Green Energy’s standing as a key player in the renewable energy sector. The funds raised through the IPO will be mainly allocated to meet working capital requirements, allowing the company to address the growing demand for its products and services and maintain its growth momentum. Solarium Green Energy is committed to advancing its sustainable energy solutions and establishing itself as a leader in India’s renewable energy transformation. With a diverse portfolio of solar energy initiatives and cutting-edge green technologies, the company is focused on its longterm goal of reducing carbon emissions and fostering a cleaner, more sustainable future