Solar91 Cleantech Limited IPO GMP

Solar91 Cleantech Limited, Jaipur, where they believe that “Every ray of sunshine is an opportunity for a brighter, sustainable future.” Committed to delivering exceptional service and cultivating a luminous world, they offer configured solar solutions to residential, industrial and commercial establishments. From design to deployment, they specialise in leveraging a full-cycle Engineering, Procurement and Construction (EPC) services for all things solar, worldwide.

Solar91 Cleantech, an Book Built Issue amounting to ₹106.00 Crores, consisting an Fresh Issue of 54.36 Lakh Shares. The subscription period for the Solar91 Cleantech IPO are yet to be announced.

The Share price band of Solar91 Cleantech IPO is set at ₹185 to ₹195 per equity share. The Market Capitalisation of the Solar91 Cleantech Limited at IPO price of ₹195 per equity share will be ₹400.01 Crores. The lot size of the IPO is 600 shares. Retail investors are required to invest a minimum of ₹ 1,17,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (1,200 shares), amounting to ₹ 2,34,000.

NARNOLIA FINANCIAL SERVICES LIMITED is the book-running lead manager while MAASHITLA SECURITIES PRIVATE LIMITED is the registrar for the Issue. Being Prabhat Financial Services Limited is the Market Maker for Solar91 Cleantech IPO.

Solar91 Cleantech Limited IPO GMP Today
The Grey Market Premium of Solar91 Cleantech Limited IPO is expected to be ₹50 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Solar91 Cleantech Limited Day Wise IPO GMP Trend 

Solar91 Cleantech Limited IPO Live Subscription Status Today: Real-Time Updates
Solar91 Cleantech IPO dates are yet to be announced.

Objectives of Solar91 Cleantech Limited IPO
Solar91 Cleantech proposes to utilise the Net Proceeds towards the following objects: 
1. ₹6,000.00 Lakh is required to meet out the expenses for Investment in Subsidiary for development of Solar Projects as an Independent Power Producer (IPP)
2. ₹2,000.00 Lakh is required to meet out the expenses for Working capital requirement for the company
3. To meet out the expenses for General Corporate Purpose

Refer to Solar91 Cleantech Limited RHP for more details about the Company.