Solarium Energy sets IPO price band at Rs 181-191/share, issue to open on February 6

Solarium Green Energy connected Tuesday said it has acceptable the terms set astatine Rs 181-191 per stock for its Rs 105 crore archetypal stock sale, which volition deed superior markets for nationalist subscription connected February 6. The nationalist contented volition adjacent connected February 10 and the shares of the steadfast volition beryllium listed connected BSE's SME platform. Investors tin bid for a minimum of 600 shares and successful multiples thereof, the institution said successful a statement.

The archetypal nationalist offering (IPO) is wholly a caller contented of 55 lakh equity shares. At the precocious extremity of the terms band, the institution volition fetch up to Rs 105.04 crore from the IPO.

The nett proceeds from the IPO are to conscionable moving superior requirements and to code wide firm purposes.

"The funds raised done this IPO volition heighten our moving capital, ensuring seamless task execution and positioning Solarium to capitalise connected emerging opportunities successful the renewable sector," Ankit Garg, Chairman & Managing Director of Solarium Green Energy, said.

Solarium Green Energy specialises successful turnkey solutions, including designing, engineering, procurement, testing, installation, commissioning, transmission systems, and broad O&M services.

Beeline Capital Advisors is the sole publication moving pb manager, portion Link Intime India is the registrar to the issue.