Solitario Lab Grown Limited
- Unlisted share
- Consumer Goods
At a glance
Sales
FY26
₹112 Cr
+141%on FY25What the company earned from its customers in the year.
Profit
FY26
₹11.09 Cr
+92.2%on FY25What was left after every cost and tax was paid.
Net worth
FY26
₹66.3 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Solitario Lab Grown Limited
- ISIN
- Not available
- Sector
- Consumer Goods
- Type of share
- Unlisted equity share
- Indicative price per share
- On request
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Solitario Lab Grown Limited
Solitario is a Pune-based jewellery brand that sells certified lab-grown diamond jewellery directly to consumers, mainly through its own and franchised stores and shop-in-shop counters, and also online. The company was incorporated in May 2023, took over the Solitario proprietorship business of its founder in November 2024 and became a public limited company in June 2026. Its promoter, Chairman and Managing Director Ricky Hiro Vasandani, holds 42.64% of the shares, and Yashodhara Consultive LLP is the largest outside shareholder with 23.56%.
Written from: bsesme.com
Listing status. Draft Red Herring Prospectus dated 30 September 2026 filed with BSE SME for an IPO of up to 70,42,000 equity shares (fresh issue up to 65,00,000; offer for sale up to 5,42,000 by Yashodhara Consultive LLP). Not yet listed. Draft Red Herring Prospectus dated 30 September 2026 (BSE SME)
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Consumer Goods
- ISIN
- Not available
- Year of incorporation
- 2023
- Registered and corporate office
- Pune, Maharashtra
- Promoter
- Ricky Hiro Vasandani (42.64%); promoter and promoter group together 44.86%
- Key people
- Chairman & Managing Director: Ricky Hiro Vasandani; Chief Marketing Officer and Executive Director: Kabir Avinash Kate; CFO: Sachin Dattatraya Wandre; COO: Anurag Lunia
- Employees at period end
- 161 people
- Face value per equity share
- ₹10
- Equity shares outstanding before the offer
- 1,69,47,623 shares
- Corporate Identification Number
- U32111PN2023PLC221023
- Official website
- thesolitario.com
Read from: Draft Red Herring Prospectus dated 30 September 2026 (BSE SME), unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Profit margincalculated
9.9%
Out of every ₹100 of sales, ₹9.9 was left as profit.
Return on equitycalculated
16.7%
For every ₹100 of the owners' money, the company made ₹16.7 of profit in the year.
Debt to equitycalculated
0.01×
The company has borrowed ₹0.01 for every ₹1 of its owners' money.
- Indicative price
- On request
- No. of shares
- 1,69,47,623
- EPS
- ₹6.63
- Book value per share
- ₹39.12
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2025-26. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Solitario Lab Grown Limited (formerly Solitario Lab Grown Private Limited). As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY24 to FY26: ₹6.29 Cr to ₹112 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY24 to FY26: ₹0.52 Cr to ₹11.09 Cr.
| Particulars | FY24 | FY25 | FY26Latest |
|---|---|---|---|
| Revenue from operations | 6.29 | 46.59 | 112.43▲141% |
| Other income | n/a | n/a | 1.22 |
| Total income | 6.29 | 46.59 | 113.65▲144% |
| Depreciation and amortisation expense | 0.02 | 0.62 | 1.17▲89% |
| Finance costs | 0.01 | 0.23 | 0.41▲75% |
| Profit before tax | 0.7 | 8.02 | 16.7▲108% |
| Profit after tax | 0.52 | 5.77 | 11.09▲92% |
| Basic and diluted earnings per share (face value ₹10) (₹) | 0.51 | 4.36 | 6.63▲52% |
Rupees crore unless marked, standalone. The change shown is the latest year against the year before. Read from: Draft Red Herring Prospectus dated 30 September 2026 (BSE SME), restated financial information.
Ownership
Shareholding pattern
Who owns the company
As of 30 September 2026
- Public (63 holders)55.14%
- Promoter and promoter group (2 holders)44.86%
- Ricky Hiro Vasandani (promoter)42.64%
- Yashodhara Consultive LLP23.56%
- Nayela Asset Private Limited4.07%
- Gautam Budhrani2.67%
- Total185.44%
Read from: Draft Red Herring Prospectus dated 30 September 2026 (BSE SME) (shareholding pattern)
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 21 Sept 20261,68,07,560 bonus shares issued in the ratio 120:1, taking the share count to 1,69,47,623. | Bonus issue | Equity shares | Not stated | Not stated |
| 2025-07Six cash allotments from 14 July 2025 onwards at ₹21,420 per ₹10 share; 4,210 shares in total (summed from the allotment table), before the 2026 bonus. | Preferential allotment | Equity shares | ₹21,420 | Not stated |
| 8 Nov 20248,108 shares allotted to the promoter at ₹11,100 each as consideration for transferring the Solitario proprietorship business to the company. | Preferential allotment (other than cash) | Equity shares | ₹11,100 | Not stated |
| 2024-11Thirteen cash allotments between 8 November 2024 and 30 May 2025 at ₹11,100 per ₹10 share to non-promoter investors; 27,745 shares in total (summed from the allotment table), before the 2026 bonus. | Preferential allotment | Equity shares | ₹11,100 | Not stated |
Read from: Draft Red Herring Prospectus dated 30 September 2026 (BSE SME) (capital structure)
Leadership
Management
Ricky Hiro Vasandani
Chairman & Managing Director
Kabir Avinash Kate
Chief Marketing Officer and Executive Director
Sachin Dattatraya Wandre
Chief Financial Officer
Anurag Lunia
Chief Operating Officer
Renuka Vijaykumar Vyas
Company Secretary and Compliance Officer
Nuria Satish Punjabi
Non-Executive Director
Sushma Samarth
Independent Director
Abhinaya Verma
Independent Director
Read from: Draft Red Herring Prospectus dated 30 September 2026 (BSE SME)
Corporate calendar
Events
- 30 Sept 2026DRHP filingDraft Red Herring Prospectus filed with BSE SME for an IPO of up to 70.42 lakh sharesOpen
- 21 Sept 2026Bonus issueBonus shares issued in the ratio 120:1Open
- 24 Jun 2026ConversionConverted to a public limited company and renamed Solitario Lab Grown LimitedOpen
- 8 Nov 2024Business transferAcquired the Solitario proprietorship business of promoter Ricky Hiro Vasandani under a business transfer agreementOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Solitario Lab Grown Limited on WhatsAppIs the price shown for Solitario Lab Grown Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Solitario Lab Grown Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Solitario Lab Grown Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Similar stocks
More in Consumer Goods
Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Solitario Lab Grown Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.