Solarworld Energy Solutions IPO booked over 9 times so far on day 3: Check allotment date and steps

Solarworld Energy Solutions IPO: The initial public offering of solar EPC solutions provider Solarworld Energy Solutions Ltd received 9.14 times the subscription so far on the final day of the share sale on Thursday, September 25.

The ₹490 crore initial share sale secured bids for 7,39,58,178 shares as against 80,93,092 shares on offer, as per details available on the NSE website until 12:10 pm.

The part reserved for retail individual investors (RIIs) clocked 24.21 times subscription. The quota for non-institutional investors (NIIs) was subscribed 17.30 times, and the qualified institutional buyers (QIBs) category attracted 3% subscription.

With a price band of ₹333 to ₹351 per share, the IPO is a mix of new equity shares valued at ₹440 crore and an offer-for-sale (OFS) of shares worth ₹50 crore by promoter Pioneer Facor IT Infradevelopers.

The capital raised will be utilised for investment in subsidiary Kartik Solarworld for part-funding the establishment of a 1.2 GW Solar PV TopCon manufacturing facility and general corporate purposes.

Solarworld Energy Solutions provides engineering, procurement and construction (EPC) services for solar power projects.

Solarworld Energy Solutions IPO allotment date

Solarworld Energy Solutions IPO allotment status will be finalised on Friday, September 25.

How to check Solarworld Energy Solutions IPO allotment status on NSE

• Go to this URL: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Press ‘Equity & SME IPO bid details’
• Select 'SOLARWORLD' from the 'Select Symbol' dropdown
• Mention Permanent Account Number (PAN) and application number
• Click on the 'Submit' button

Steps to check Solarworld Energy Solutions IPO allotment status on BSE

• Head to BSE's bid finalisation page: https://bseindia.com/investors/appli_check.aspx
• Issue type should be kept as 'Equity'
• Choose 'Solarworld Energy Solutions Limited' from the 'Issue Name' list
• Add PAN or application number
• Press the 'Search' button

Solarworld Energy Solutions IPO allotment status on MUFG Intime India

• Go to registrar MUFG Intime India's portal: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Pick ‘Solarworld Energy Solutions Limited’ from the issue names list
• Fill in your DP/Client ID, Account No/IFSC, Application No or PAN
• Press the ‘Submit’ button

Solarworld Energy Solutions IPO GMP

According to investorgain.com and media reports, Solarworld Energy Solutions' unlisted shares are trading at ₹403 per share, reflecting a grey market premium (GMP) of 14.81% over the upper price band of ₹351.