Solarium Green Energy Limited is preparing for its public debut as the Bombay Stock Exchange (BSE) approves its Draft Red Herring Prospectus. The SME IPO is expected to launch shortly, offering as many as 5,500,000 equity shares, each with a face value of ₹10. As the company ventures into the public domain, the IPO marks not just a financial milestone but also a strategic move to expand its foothold in the ever-growing solar energy market. As of September 2024, Solarium is overseeing 41 ongoing projects totaling ₹165.29 crore in value, while new tenders worth ₹252.86 crore are currently up for bidding. This growing pipeline underscores the company’s leadership in India’s renewable energy space. The company’s financials paint an optimistic picture. For the fiscal year ending March 31, 2024, Solarium reported revenue of ₹177.80 crore, EBITDA of ₹23.78 crore, and a net profit of ₹15.59 crore. Its track record between FY22 and FY24 includes 8,506 residential rooftop projects, 152 commercial and industrial (C&I) projects, and 8 government ventures.