Monitoring Agency Report for the Half year ended as on 30th September, 2025 in relation to utilization of funds raised through Initial Public Issue of Solarium Green Energy Limited.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Solarium Green Energy Ltd has submitted the Monitoring Agency Report from Acuité Ratings & Research for the half year ended September 30, 2025, tracking how it has used the money raised from its February 2025 IPO. The IPO raised a gross of INR 105.04 crore, with net proceeds of INR 96.26 crore after INR 8.78 crore in issue expenses. Of this, INR 71 crore was earmarked for working capital and INR 25.26 crore for general corporate purposes. The company has fully utilized the general corporate purpose portion (INR 25.26 crore), while INR 15.10 crore of the working capital allocation has been used so far, leaving INR 55.90 crore unspent. The unutilized amount sits in four HDFC Bank fixed deposits maturing February 15, 2026, earning INR 2.59 crore at a 7.40% return. Acuité reported no deviation from the stated objects, no delays, and no material adverse events.
For shareholders, this is a routine compliance update that confirms the company is using IPO funds in line with what was promised at the time of listing. The slow deployment of working capital funds (only about 21% used in roughly 7-8 months) and parking of unutilized money in bank FDs is neutral to mildly positive — funds are safe and earning returns, but shareholders may want to track whether working capital deployment picks up in upcoming quarters.