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Solarworld Energy IPO Day 3 Update: 4× Subscription & ₹66 GMP
On the third day of bidding, Solarworld Energy’s IPO remains heavily subscribed, maintaining a 4× overall coverage. The grey market premium (GMP) is pegged around ₹66, implying strong listing expectations. Retail subscription and NII demand remain robust, though QIBs have shown limited uptake so far. The issue, priced between ₹333 and ₹351, is raising ₹490 crore, with funds earmarked for manufacturing, expansion and general corporate use.
Companies:
- Solarworld Energy Solutions
Tags:
- Solarworld
- IPO
M• By Ayush Samantaray
Explore:High Return Equity Mutual Fund
positive
Solarworld Energy IPO Day 3 Update: 4× Subscription & ₹66 GMP
On the third day of bidding, Solarworld Energy’s IPO remains heavily subscribed, maintaining a 4× overall coverage. The grey market premium (GMP) is pegged around ₹66, implying strong listing expectations. Retail subscription and NII demand remain robust, though QIBs have shown limited uptake so far. The issue, priced between ₹333 and ₹351, is raising ₹490 crore, with funds earmarked for manufacturing, expansion and general corporate use.
Companies:
- Solarworld Energy Solutions
Tags:
- Solarworld
- IPO
M• By Ayush Samantaray
Explore:High Return Equity Mutual Fund
1 min read
66 words
Solarworld IPO sustains high demand with 4× subscriptions and ₹66 GMP as Day 3 progresses.
On the third day of bidding, Solarworld Energy’s IPO remains heavily subscribed, maintaining a 4× overall coverage. The grey market premium (GMP) is pegged around ₹66, implying strong listing expectations. Retail subscription and NII demand remain robust, though QIBs have shown limited uptake so far. The issue, priced between ₹333 and ₹351, is raising ₹490 crore, with funds earmarked for manufacturing, expansion and general corporate use.
On the third day of bidding, Solarworld Energy’s IPO remains heavily subscribed, maintaining a 4× overall coverage. The grey market premium (GMP) is pegged around ₹66, implying strong listing expectations. Retail subscription and NII demand remain robust, though QIBs have shown limited uptake so far. The issue, priced between ₹333 and ₹351, is raising ₹490 crore, with funds earmarked for manufacturing, expansion and general corporate use.
Companies:
- Solarworld Energy Solutions
Tags:
- Solarworld
- IPO
- Solarworld
- IPO
- subscription
- GMP
- renewables