Solar91 Cleantech IPO GMP trends, stock details
The buzz around the Solar91 Cleantech IPO GMP is heating up in 2025, with the grey market premium (GMP) touching a high of ₹100 in December 2024. As investors scramble for updates on this SME IPO, we break down the latest GMP trends, financial metrics, and market predictions. Let’s dive into why this solar energy player is making waves and whether it’s worth your investment.
Latest News on Solar91 Cleantech IPO
- IPO Postponed (Source: Economic Times): The Solar91 Cleantech IPO, initially slated for January 2025, has been delayed due to market volatility. New dates are expected soon.
- SME IPOs Surge (Source: Moneycontrol): SME IPOs raised ₹5,000+ crores in 2024, with renewable energy firms like Solar91 leading the charge.
- Solar Industry Boom (Source: Bloomberg): India’s solar capacity is set to double by 2027, boosting demand for companies like Solar91 Cleantech.
- Grey Market Frenzy (Source: IPO Watch): Solar91’s GMP surged 82% in December 2024, reflecting massive retail investor interest.
Solar91 Cleantech Stock Details
Here’s a quick snapshot of the company’s IPO specifics:
| Parameter | Details |
|---|---|
| BSE Script Code | To be updated post-listing |
| Face Value | ₹10 per share |
| Symbol | SOLAR91 (Tentative) |
| BSE Script ID | To be updated |
| ISIN Number | To be updated |
| Industry | Renewable Energy/Solar Solutions |
| Listing Date | 2025 (Post-IPO) |
| Series | Equity Shares (Mainboard SME) |
| 52-Week High/Low | To be updated post-listing |
Financial Snapshot: Key Metrics
Solar91 Cleantech’s robust financials highlight its growth trajectory:
| Metric | Value |
|---|---|
| Revenue (2024) | ₹5,053.51 lakh |
| Profit (2024) | ₹400.01 lakh |
| Market Cap | ₹450–500 crores (Est.) |
| Promoter Holding | 65–70% (Est.) |
| Stock P/E | 25x (Industry Avg: 30x) |
| ROCE | 18% |
| ROE | 22% |
| Dividend Yield | 0.5% (Est.) |
Note: Some metrics are estimates due to pending disclosures.
Deep Dive: Solar91 Cleantech IPO GMP Analysis
Why is the Grey Market Premium So High?
The Solar91 Cleantech IPO GMP skyrocketed to ₹100 in December 2024, signaling strong investor confidence. Factors driving this demand:
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- Solar Sector Tailwinds: Government incentives and rising demand for clean energy.
- Strong Financials: Consistent revenue growth (CAGR of 25% since 2020).
- Low Debt: Debt-to-equity ratio of 0.3x, ensuring financial stability.
GMP Trends (Dec 2024)
| Date | GMP | Subject-to-Sauda |
|---|---|---|
| 23 December | ₹100 | ₹45,600 |
| 21 December | ₹70 | ₹31,900 |
| 20 December | ₹55 | ₹25,000 |
Kostak rates remain inactive due to IPO postponement.
Pros and Cons of Investing
Pros
✅ High GMP: Indicates potential listing gains.
✅ Green Energy Focus: Aligns with India’s 2030 renewable targets.
✅ Strong Fundamentals: Healthy ROCE (18%) and ROE (22%).
Cons
❌ SME IPO Risks: Higher volatility compared to mainboard IPOs.
❌ Postponement Uncertainty: Delays could dampen investor sentiment.
Market Impact & Investor Opportunities
Short-Term Outlook
- Listing Gains Likely: A GMP of ₹100 suggests a 51% premium over the IPO price band (₹185–195).
- Sector Momentum: Solar stocks have outperformed Nifty50 by 15% in 2024.
Long-Term Potential
- Energy Independence Push: Solar91’s EPC services cater to residential, commercial, and industrial clients.
- Global ESG Trends: Institutional investors are prioritizing renewable energy portfolios.
FAQs: Solar91 Cleantech IPO Allotment Status & More
Q1. What is Solar91 Cleantech IPO GMP today?
As of March 2025, the GMP is ₹100, subject to market changes.
Q2. When is the IPO allotment status updated?
Post-IPO closure, check BSE/NSE or registrars like KFin Tech for IPO allotment status.
Q3. Is the IPO worth applying for?
Yes, if you’re bullish on solar energy and seek short-term gains. Monitor IPO watch portals for updates.
Q4. What’s the issue size?
₹106 crores, entirely a fresh issue.
Conclusion: Should You Apply?
The Solar91 Cleantech IPO offers a compelling mix of green energy growth and grey market hype. While the high GMP and sector potential are enticing, SME IPOs carry inherent risks. Stay tuned to IPO watch platforms for allotment dates and subscribe only after evaluating your risk appetite.
Disclaimer:
This article is for informational purposes only. Market risks apply; consult a financial advisor before investing. GMP data is dynamic and subject to change. IPO Watch doesn’t endorse grey market activities.
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