Solarium Green IPO GMP Jumps Ahead Of Allotment On Feb. 11: How To Check Status

The initial public offering of Solarium Green Energy Ltd. concluded its subscription on Monday, Feb. 10. The latest grey market premium (GMP) was Rs 9, recorded as of 9:29 a.m. on Feb. 11.

The latest grey market premium on Solarium Green SME IPO stood at Rs 9 on Feb. 11.

Solarium Green Energy IPO Allotment, GMP, Listing Details: The initial public offering of Solarium Green Energy Ltd. concluded its subscription on Monday, Feb. 10. The SME IPO was subscribed 8.83 times on its final day led by demand from Non-institutional investors who placed bids for 1,41,15,000 shares against the 7,82,400 offered. Retail investors put in bids for 92,54,400 shares against the 18,24,600 shares offered. Qualified Institutional Investors ended up subscribing the issue 8.51 times with bids placed for 88,72,800 against the 10,42,800 offered.

These investors will now look forward to the listing of Solarium Green Energy shares which will debut on the stock market this week. Ahead of its listing, here's all you need to know about GMP, allotment date, listing date and steps to check allotment status.

Solarium Green Energy IPO Allotment And Listing Date

The allotment for Solarium Green Energy is expected to be finalised on Tuesday, Feb. 11. Shares of Solarium Green Energy Limited will list on BSE SME with a proposed listing date of Thursday, Feb. 13. Successful bidders will get the credit of shares to their demat accounts on Feb. 12, and refunds will be issued to the others on the same day.

Solarium Green IPO Latest GMP

The latest grey market premium (GMP) for Solarium Green Energy IPO was Rs 9, recorded as of 9:29 a.m. on Feb. 11. Considering today's GMP and issue price, shares of Solarium Green Energy Limited are expected to list on BSE SME at Rs 200 apiece, up 4.71% over IPO price - as per InvestorGain.com.

The unlisted shares of Solarium Green Energy were trading as high as Rs 201 when the issue opened for subscription only to drop to Rs 195 when the bidding closed on Friday. Going by the GMP trends, investors can look forward to a positive listing when the shares hit the market this week.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

How To Check Solarium Green IPO Allotment Status?

You can verify the share allotment status of Solarium Green on the web portals of BSE and the IPO registrar site of Link Intime India by following the step-by-step guide provided below.

Steps to check Solarium Green Energy IPO allotment status on BSE:

  • Visit the IPO allotment page on the BSE website here: https://www.bseindia.com/investors/appli_check.aspx

  • Select 'Equity' as the issue type.

  • Select the issue name 'SOLARIUM GREEN ENERGY LIMITED' in the dropdown list.

  • Enter PAN details or Application Number.

  • Verify the captcha.

  • Click on the Search button to verify your share allotment status.

Steps to check Solarium Green Energy IPO allotment status on Link Intime:

  • Visit the IPO allotment page on Link Intime India website here: https://linkintime.co.in/initial_offer/public-issues.html

  • Select the company name as 'Solarium Green Energy Limited' from the dropdown list on the application status page.

  • Enter investor PAN details or Application Number or DP/Client ID or Account number/IFSC code.

  • Click on the Submit button to verify your share allotment status.

Also Read: Solarium Green Energy IPO GMP, Day 3 Subscription Status, Allotment And Listing Date

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