Solarworld Energy Solutions shares list at 11% premium over IPO price
Shares of Solarworld Energy Solutions debuted on the exchanges on Tuesday at a premium of around 10.8%. After concluding one of the most closely watched IPOs in the renewable energy sector this year, the shares listed at Rs 389 on the BSE (10.83% premium) and Rs 388.50 on the NSE (10.70% premium), against the issue price of Rs 351 per share.
The Rs 490 crore issue received strong demand across investor categories, though a grey market premium (GMP) of just 9% indicates modest listing-day gains despite robust subscription numbers.
Priced at Rs 351 per share, the book-built IPO comprised a fresh issue of Rs 440 crore and an offer for sale (OFS) of Rs 50 crore. Ahead of the IPO, Solarworld raised Rs 220 crore from anchor investors,…
