Solar energy solutions provider Solarworld Energy Solutions on Monday said it has garnered Rs 220.5 crore from anchor investors ahead of its initial share-sale opening for public subscription.
Pinebridge Global Funds, Motilal Oswal Mutual Fund (MF), Singularity Equity Fund I, VQ Fastercap Fund II, Citigroup Global Markets Mauritius and BNP Paribas Financial Markets are among the anchor investors, according to a circular uploaded on BSE’s website.
As per the circular, Solarworld Energy Solutions has allotted 62.82 lakh equity shares to 15 funds at Rs 351 apiece.
The Rs 490-crore initial public offering (IPO) will open for subscription on September 23 and conclude on September 25. The price band has been fixed in the range of Rs 333 to Rs 351 per share.
At the upper end, the company is valued over Rs 3,000 crore.
The IPO is a combination of fresh issuance of equity shares worth Rs 440 crore, and an offer-for-sale of shares valued Rs 50 crore by promoter Pioneer Facor IT …Solar energy solutions provider Solarworld Energy Solutions on Monday said it has garnered Rs 220.5 crore from anchor investors ahead of its initial share-sale opening for public subscription.
Pinebridge Global Funds, Motilal Oswal Mutual Fund (MF), Singularity Equity Fund I, VQ Fastercap Fund II, Citigroup Global Markets Mauritius and BNP Paribas Financial Markets are among the anchor investors, according to a circular uploaded on BSE’s website.
As per the circular, Solarworld Energy Solutions has allotted 62.82 lakh equity shares to 15 funds at Rs 351 apiece.
The Rs 490-crore initial public offering (IPO) will open for subscription on September 23 and conclude on September 25. The price band has been fixed in the range of Rs 333 to Rs 351 per share.
At the upper end, the company is valued over Rs 3,000 crore.
The IPO is a combination of fresh issuance of equity shares worth Rs 440 crore, and an offer-for-sale of shares valued Rs 50 crore by promoter Pioneer Facor IT … Latest News [ SOBAN NEWS: International and National ]
