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The Solar91 Cleantech IPO is making waves as it aims to raise ₹106 crore through a fresh issue of 54.36 lakh shares. The IPO is being closely monitored by investors eager to understand its potential, with the Solar91 Cleantech IPO GMP (Grey Market Premium) providing early market sentiment. The IPO price band is set between ₹185 and ₹195 per share, making it an attractive investment for both retail and HNI investors. The IPO GMP live updates highlight the demand for the shares even before the official listing, drawing significant attention.
The IPO opens for subscription on December 24, 2024, and closes on December 27, 2024. During this period, tracking the IPO subscription status becomes essential to gauge investor interest across categories such as retail, QIBs, and HNIs. Investors can apply with a minimum lot size of 600 shares, requiring ₹1,17,000 for retail investors. HNI investors must purchase a minimum of 2 lots, equivalent to ₹2,34,000. These structured investment options make the Solar91 Cleantech IPO accessible to a wide range of investors.
The IPO allotment status will be finalized on December 30, 2024, and investors can check their status through the registrar’s website, Maashitla Securities Private Limited, or via platforms like IPO Allotment BSE. Investors are advised to keep an eye on IPO GMP live updates during this period to assess potential listing gains. The IPO is set to list on the BSE SME platform on January 1, 2025, marking a significant milestone for Solar91 Cleantech.
Narnolia Financial Services Ltd is the book-running lead manager for the IPO, ensuring a smooth process, while Maashitla Securities Private Limited handles the allotment. Prabhat Financial Services Ltd acts as the market maker, adding credibility to the offering. Investors can rely on platforms like IPO Watch for real-time updates on the IPO GMP live, IPO subscription status, and other critical metrics.
| IPO Date | December 24, 2024 to December 27, 2024 |
| Listing Date | January 1, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹185 to ₹195 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 54,36,000 shares (aggregating up to ₹106.00 Cr) |
| Fresh Issue | 54,36,000 shares (aggregating up to ₹106.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre-Issue | 1,50,77,809 shares |
| Share Holding Post Issue | 2,05,13,809 shares |
| Market Maker Portion | 3,04,800 shares |
| IPO Open Date | Tuesday, December 24, 2024 |
| IPO Close Date | Friday, December 27, 2024 |
| Basis of Allotment | Monday, December 30, 2024 |
| Initiation of Refunds | Tuesday, December 31, 2024 |
| The credit of Shares to Demat | Tuesday, December 31, 2024 |
| Listing Date | Wednesday, January 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 27, 2024 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,17,000 |
| Retail (Max) | 1 | 600 | ₹1,17,000 |
| HNI (Min) | 2 | 1,200 | ₹2,34,000 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 5,247.35 | 2,495.28 | 1,299.4 | 953.85 |
| Revenue | 5,053.51 | 4,297.4 | 3,766.95 | 4,201.23 |
| Profit After Tax | 400.01 | 235.81 | 20.33 | 32.34 |
| Net Worth | 2,843.35 | 471.5 | 235.68 | 130.56 |
| Reserves and Surplus | 1,335.57 | 469.95 | 234.14 | 129.29 |
| Total Borrowing | 1,196.44 | 1,084.72 | 776.21 | 226.36 |
The Solar91 Cleantech IPO presents a promising opportunity for investors looking to capitalize on the renewable energy sector. By staying updated on the Solar91 Cleantech IPO GMP live, IPO allotment status, and IPO subscription status, investors can make well-informed decisions. Platforms like IPO Watch and IPO Allotment BSE provide valuable insights throughout the process. Whether you are a retail investor or an HNI, the Solar91 Cleantech IPO offers a chance to participate in a growing sector with immense potential. Don’t miss this opportunity—track the latest updates and prepare for the listing on January 1, 2025!
