Solar91 Cleantech IPO: All You Need to Know

Solar91 Cleantech Limited is a Jaipur-based company dealing in solar energy solutions. It is all set to make its debut on the stock market with its IPO. The company was founded in 2015 and provides customized solar solutions for residential, commercial, and industrial sectors. The company, focused on sustainability and energy independence, has built itself as a trustworthy provider of quality solar systems. Everything you need to know about the Solar91 Cleantech IPO is described below.

IPO Details

The Solar91 Cleantech IPO issue to be raised would be an approximate amount of ₹106 crores. The Book Built Issue will be for fresh issues and offer for sale equity shares of face value ₹10. IPO would open and close in the year 2025, at a price band of ₹185 to ₹195 per share. The IPO may look for listing on BSE in the year 2025.

IPO Quota Allocation

Retail Quota: 35%
Qualified Institutional Buyers (QIB): 50%
High Net-worth Individuals (HNI): 15%
Valuation and Investor Recommendation

Key Financial Metrics Table

Metric	Value
Return on Equity (ROE)	49.51%
Return on Capital Employed (ROCE)	25.81%
EBITDA Margin	9.00%
Profit After Tax (PAT) Margin	5.46%
Debt-to-Equity Ratio	2.30
Earnings Per Share (EPS)	₹2.17 (Basic)
Net Asset Value (NAV)	₹3,047.22

Financial Performance Table

Period Ended	Revenue	Expense	Profit After Tax	Assets
2022	₹42.01	₹41.57	₹0.32	₹9.54
2023	₹37.67	₹37.40	₹0.20	₹12.99
2024	₹42.97	₹39.84	₹2.36	₹24.95
September 2024	₹50.54	₹45.27	₹4.00	₹52.47

Solar91 Cleantech's IPO valuations are as follows:

Retail Quota: 35%
Qualified Institutional Buyers (QIB): 50%
High Net-worth Individuals (HNI): 15%
Valuation and Investor Recommendation

Price/Earnings (P/E) Ratio and Earnings Per Share (EPS) at ₹2.17 indicate that there is scope for the appreciation of the stock.
A Debt-to-Equity Ratio of 2.30 reflects that the company is managing the debt effectively.
The IPO is suggested for long-term investors, which are looking to invest in the clean energy sector. The company has reported a profit of ₹4.00 crores for September 2024 and focuses on renewable energy solutions.

Solar91 Cleantech’s offering is one excellent investment opportunity by investors in this renewable energy line. The very strong financial, high ROE entity, and the impressive growth trajectory indeed make it quite an interesting place for long-term investment. For sure, this focus on sustainability, innovation, and change will be taken really seriously by this company in pursuing its endeavors.