Solarium Green Energy Limited has filed its Draft Red Herring Prospectus (DRHP) with the Bombay Stock Exchange (BSE) to initiate its initial public offering (IPO). The company, which filed the DRHP on September 11, plans to issue up to 55 lakh equity shares in the public offering, although the final issue size has not yet been disclosed.
Beeline Capital Advisors Private Limited is the book-running lead manager for the IPO, while Link Intime India Private Limited is serving as the registrar. According to the filing, the funds raised from the IPO will be used to meet working capital requirements and address general corporate purposes.
Solarium Green Energy, known for its comprehensive solar solutions, is preparing to strengthen its financial position and support growth initiatives through this public offer.
