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Business Overview
The company is one of India’s leading manufacturers in the solar tracking and mounting products sector.Its product portfolio includes a broad range of solutions under its solar business segment, comprising Module Mounting Assemblies and Rolled Products, which are primarily used in utility-scale and ground-mounted solar power projects. These products serve as critical structural components for installing solar photovoltaic (PV) modules, ensuring mechanical stability and optimizing the panels’ exposure to sunlight for improved energy efficiency. The company plays a significant role in the domestic market for solar tracking and mounting solutions used in solar tracker systems.
PMEA Solar Tech Solutions IPO Size
Fresh Issue
₹600 Cr
(TBA Shares)
Offer For Sale
Rs. TBA Cr
(1.12 Cr Shares)
Objects of Issue
- Funding capex for the setting up of certain manufacturing facilities undertaken through investment
- Funding of capex requirements of our Company towards purchase of machinery / equipment
- Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company
- General corporate purposes
PMEA Solar Tech Solutions IPO IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| Revenue from Operations | 1,500.20 | 800.79 | 558.54 |
| Profit after Tax | 103.64 | 27.44 | 44.82 |
| Net Worth | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 486.51 | 297.71 | 209.49 |
| Total Assets | 927.67 | 604.39 | 423.34 |
| NAV per share (in ₹) | 21.30 | 12.13 | 9.74 |
| EPS - Basic (in ₹) | 9.22 | 2.44 | 3.99 |
Key Performance Indicators (KPIs)
EBITDA
13.96%
PAT
6.81%
ROE
43.29%
ROCE
28.65%
Net Debt to Equity
1.93x
- All the data pertains to FY 2024-25.
Promoter Holding
Promoter
100.00%
Public
0.00%
Samir Pravin Sanghavi
24.89%
Kapil Pravin Sanghavi
24.89%
Vishal Navinchandra Sanghvi
24.91%
Sandeep Navinchandra Sanghvi
24.91%
Others
0.40%
Management
Samir Pravin Sanghavi
Chairman
Anchal Tripathi
CFO
Padmanabh Sudhakar Nimbhorkar
CEO
Registrar & Lead Managers
Registrar
MUFG Intime India
Lead Managers (2)
Company Details
Name: PMEA Solar Tech Solutions Limited
Address: 406, Western Edge II, A Wing, Western Express Highway, CCI Compound, Borivali East, Mumbai – 400 066, Maharashtra, India
Number: 22 6223 5353
Email: investors@pmealtd.com
Website: www.pmealtd.com
