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Solar91 Cleantech Ltd. has announced public offering of 5436000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 185.00 per share. The gross proceeds of the issue are expected to be Rs 10,600.20 lakhs.
The company's initial public offer (IPO) will open on 24 December 2024 and is expected to close on 27 December 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 185.00-185.00 per share.
The IPO includes a fresh Issue of 5436000 Equity Shares of the Company at an price of Rs 195.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 600 shares with bids in multiples of 600.
Solar91 Cleantech Ltd. anticipates using the proceeds of the issue for .
Narnolia Financial Services Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.
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