The share allotments for Solarworld Energy IPO will likely be finalised by today, September 26. IPO applicants can check their allotment status on BSE and NSE, as well as the official site of its registrar.
The Rs 490-crore maiden public issue of the firm saw strong investor interest during its three days of public bidding, being subscribed 65 times between September 23 and September 25.
Solarworld Energy IPO GMP:
Ahead of listing, the unlisted shares of Solarworld Energy IPO were trading with nearly 15 percent grey market premium (GMP) over the IPO price, according to data on Investorgain. This is lower than the 19 percent GMP quoted by the site earlier this week, but higher than the 9 percent quoted last week.
According to IPO Watch, the unlisted shares of the company were trading with 15 percent GMP over the IPO price.
IPO applicants can check their Solarworld Energy IPO allotment status on the official website of the registrar, MUFG Intime India. The status will also be available on the websites of stock exchanges BSE and NSE.
Solarworld Energy IPO: How to check allotment status on MUFG Intime India?
- Step 1: Open the link to the official registrar of the issue on this URL: (https://in.mpms.mufg.com/Initial_Offer/public-issues.html)
- Step 2: Select the company from the dropdown menu.
- Step 3: Filling in details like PAN, application number or DP client ID.
- Step 4: Press the 'Submit' button
- Step 5: Your allotment status will be shown in the window.
- Step 1: Open the website of NSE by clicking on this direct link (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp).
- Step 2: Select the company 'Solarworld Energy' by selecting Equity & SME IPO bid details.
- Step 3: Fill in the necessary details like IPO Application number or PAN details after selecting the company symbol.
- Step 4: Press the 'Submit' button
- Step 5: The allotment status will be shown in the window.
- Step 1: Open the website of Bombay Stock Exchange (BSE).
- Step 2: Click on 'Investors' option.
- Step 3: On the 'Investor Services' dropdown, click on 'Status of Issue Application'.
- Step 4: Click on 'Application Status Check'.
- Step 5: Select Equity in the issue type.
- Step 6: Fill in the required details including the 'Issue Name'.
- Step 7: Enter PAN number and click on 'Search' to view the status.
Solarworld Energy Solutions launched its IPO to raise Rs 490 crore from the capital markets through a fresh issue of Rs 440 crore and an offer for sale (OFS) of shares worth Rs 50 crore by promoter Pioneer Facor IT Infradevelopers. The price band for the IPO has been set at Rs 333-351 per share.
Solarworld Energy Solutions will spend Rs 420 crore of the fresh issue proceeds (including pre-IPO round funds) for establishing a 1.2 GW solar PV TopCon cell manufacturing facility in Pandhurana, Madhya Pradesh through Kartik Solarworld. The remainder amount will be used for general corporate purposes, while the offer-for-sale funds will go to the selling shareholder.
The company that seeks valuation of Rs 3,042 crore competes with listed peers like Sterling & Wilson Renewable Energy, KPI Green Energy, Waaree Renewable Technologies, and Oriana Power.
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