Solarworld Energy Solutions Share Price Today: Share of Solarworld Energy Solutions on Tuesday (September 30) made a decent debut on the exchanges, yielding
a listing gain of 11 per cent. On NSE, Solarworld Energy Solutions shares opened at Rs 388.50, up Rs 37.50 or 10.68 per cent against the IPO issue price of Rs 351. On BSE, Solarworld Energy Solutions shares opened Rs 38 or 10.83 per cent higher at Rs 389. Solarworld Energy Solutions commanded a market capitalisation of Rs 3,371.57 crore on listing, according to BSE website. The Rs 490 crore initial public offering had a price band of Rs 333-351 per share. The company issued Solarworld Energy Solutions specialises in engineering, procurement and construction services for solar power projects.
Solarworld Energy Solutions IPO Subscription Data
Solarworld Energy Solutions IPO was subscribed 65 times. The company's initial public offer (IPO) received bids for 52,60,95,906 shares against 80,93,092 shares on offer, according to details available with the NSE website.
The quota for qualified institutional buyers (QIBs) was subscribed 70.43 times, while the category for non-institutional investors attracted 64.73 times subscription. The portion for retail individual investors (RIIs) received 49.15 times bidding.
Solarworld Energy Solutions on Monday said it has garnered Rs 220.5 crore from anchor investors.
Solarworld Energy Solutions IPO was a combination of fresh issuance of equity shares worth Rs 440 crore, and an offer-for-sale of shares valued at Rs 50 crore by promoter Pioneer Facor IT Infradevelopers.
Solarworld Energy Solutions has said that pProceeds from the fresh issue will be used for investment in the company's subsidiary Kartik Solarworld for part-financing the establishment of a 1.2 GW Solar PV TopCon manufacturing facility in Pandhurana, Madhya Pradesh, and general corporate purposes.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
