Solarium Green Energy IPO GMP, Day 3 Subscription Status, Allotment And Listing Date
The allotment for the Solarium Green IPO is expected to be finalised on Tuesday, Feb. 11. Shares of Solarium Green will list on BSE SME on Thursday, Feb. 13.
Solarium Green Energy IPO: The initial public offering of Solarium Green Energy IPO will close for subscription on Monday, Feb. 10. The SME IPO was fully subscribed on the first day and ended Day 2 with an overall subscription of 1.52 times. The demand for the IPO was led by qualified institutional investors who bid for 28,30,200 shares against the 10,42,800 shares offered, subscribing 2.71 times the shares offered.
As bidding enters its final day, here's all you need to know about the Solarium Green Energy IPO including its latest grey market premium, subscription status, allotment date, listing date and other key IPO details.
Solarium Green IPO Day 3 Subscription Status
The Solarium Green IPO has been subscribed 8.75 times as of 4:44 p.m. on Monday.
Qualified Institutions: 8.51 times
Non-Institutional Buyers: 18.04 times
Retail Investors: 4.9 times
*The subscription status will be updated at regular intervals
Solarium Green Energy IPO Key Points
Bidding Dates: Feb. 6 to Feb. 10
Price band: Rs 181 to Rs 191
Minimum investment: Rs 1,08,600
Lot size: 600 shares
Share allotment date: Feb. 11
IPO listing date: Feb. 13
Registrar: Link Intime India Pvt. Ltd.
As per the company's RHP document, of the 54,99,600 shares offered:
10,42,800 (18.96%) is reserved for Qualified Instututional Investors
7,82,400 (14.23%) is reserved for Non-Institutional Investors
18,24,600 (33.18%) is reserved for Retail Investors
15,63,000 (28.42%) is reserved for Anchor investors.
Solarium Green IPO GMP Today
The latest grey market premium on Solarium Green SME IPO stood at Rs 9 as of 4:15 p.m. on Feb. 10 indicating a listing gain of 4.71%, according to InvestorGain. This means that the unlisted shares of the issue are trading at Rs 200 per share in the grey market.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Use of IPO Proceeds
Solarium Green Energy Ltd. has proposed to use the net proceeds from the IPO to meet its working capital requirements and general corporate purposes.
Solarium Green Energy Ltd. is a solar solution provider. The company, incorporated in 2015, offers turnkey solar solutions, including design, engineering, procurement, construction, testing, commissioning and transmission systems government as well as residential projects.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
