Solarium Green Energy IPO opened for subscription on Thursday and was fully subscribed on the first day. The company aims to raise Rs 105.04 crore from the primary. Solarium Green Energy operates in the solar energy segment. The BSE SME will remain open for bidding till Feb 10.

Investors looking to bid in the Solarium Green Energy IPO must check out these key details before applying.

Solarium Green Energy IPO Information

  • 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.

Solarium Green IPO: Subscription Status Day 2

The Solarium Green IPO has been subscribed 1.05 times as of 10:39 a.m. on Friday.

  • Qualified Institutions: 1.96 times

  • Non-Institutional Buyers: 0.11 times

  • Retail Investors: 0.95 times

*The subscription status will be updated at regular intervals

Solarium Green IPO GMP Today

The grey market premium on Solarium Green SME IPO stood at Rs 10 as of 9:34 a.m. on Feb. 7 indicating a potential listing gain of 5.24%, according to InvestorGain. If the current GMP trends are sustained, shares of Solarium Green Ltd. are likely to make their market debut at Rs 201 on the BSE SME. 

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

About Solarium Green Energy

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. 

Solarium Green Energy Ltd. has proposed to use the net proceeds from the IPO to meet its working capital requirements and general corporate purposes.

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.

. Read more on IPOs by NDTV Profit.The grey market premium on Solarium Green SME IPO stood at Rs 10 as of 9:34 a.m. on Feb. 7 indicating a potential listing gain of 5.24%.  Read MoreIPOs 

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