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4h ago

Solarworld Energy Solutions IPO Closes 65x Subscribed on Heavy Institutional Demand

Investors now await today's allotment finalisation before the Sept. 30 listing.

Solarworld Energy IPO allotment: Check chances of getting shares, latest GMP & more

Overview

  • The Rs 490 crore book-build comprises a Rs 440 crore fresh issue (1.25 crore shares) and a Rs 50 crore offer-for-sale (14 lakh shares) in a Rs 333–351 price band.
  • BSE data show 52,60,95,906 bids for 80,93,092 shares, equating to 65.01 times overall demand.
  • Qualified institutional buyers subscribed 70.43 times, non-institutional investors 64.73 times, and retail investors 49.15 times.
  • The grey market premium was about Rs 52 on Sept. 26 per InvestorGain, implying potential listing gains that remain unofficial and speculative.
  • Allotment status can be checked on MUFG Intime, BSE or NSE using PAN or application details, with Nuvama Wealth as lead manager and MUFG Intime as registrar.