Solar91 Cleantech IPO GMP Live, Open Date, Price, Allotment Status

Solar91 Cleantech IPO open date is on 24 December to 27 December 2024. This new IPO is a book-built issue of Rs 54.36 lakh equity shares. This upcoming IPO is entirely a fresh issue of Rs 54.36 lakh equity shares.

Solar91 Cleantech IPO price band is yet to be announced. Solar91 Cleantech IPO GMP live is 32 indicating mild bullish sentiment for this IPO among investors. Live IPO Grey Market Premium details are visible online.

Solar91 Cleantech IPO lot size is yet to be announced. The IPO allotment status live is to be finalised on December 30, 2024. The minimum investment for the retail investors for 1 lot is expected to be Rs 1,40,000. The registrar for the Solar91 Cleantech IPO is Maashitla Securities Private Limited. The listing date is 1 January 2025.

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Solar91 Cleantech IPO GMP Live

Solar91 Cleantech IPO GMP live is Rs 32 per share. The IPO GMP today indicates huge interest of retail investors. You can check the latest IPO Grey Market Premium today online from the first day of subscription. If the subscription got oversubscribed then Solar91 Cleantech IPO GMP might rise in the coming days.

Solar91 Cleantech IPO Price Band

Solar91 Cleantech IPO price band is yet to be announced. The minimum amount of investment for the retail category is expected to be around Rs 1,40,000. The minimum investment for the NII is Rs 2,88,000.

Solar91 Cleantech IPO Open Date, Close Date 

Solar91 Cleantech IPO open date is 24 December 2024 and closing date is 27 December 2024. The initiation of the refund date is 31 December 2024, and the credit of shares will be on 31 December 2024.

Solar91 Cleantech IPO Allotment Status Live 

Solar91 Cleantech IPO allotment status live will be finalised on 30 December 2024. The listing will be on the BSE SME platforms on 1 January 2025. The registrar of this IPO is Maashitla Securities Private Limited. Investors can check their allotment status after the subscription of the IPO ends.  

Solar91 Cleantech IPO Listing Date

Solar91 Cleantech IPO's listing date will be on 1 January 2025. The Listing will be on the BSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

Solar91 Cleantech IPO: Listing Date, Lot Size, Price Band

Solar91 Cleantech Limited: About the Company

Solar91 Cleantech Limited was incorporated in 2015, and is engaged in providing EPC solar solutions to commercial customers. The company helps industries with renewable energy systems to help reduce their power consumption.

Solar91 Cleantech Limited focuses on serving customers and investors in the distributed renewable energy market. This includes rooftop solar for industrial, commercial, and residential sectors, as well as open access, group captive solutions, agro PV, and distributed solar investment opportunities.

Solar91 Cleantech will develop its own solar projects under the IPP model and has started working on projects. The company has received multiple awards and is recognized as an industry leader in Rajasthan and nationally in the Commercial and Industrial Solar PV sector.

Solar91 Cleantech IPO Objectives

The funds raised from Solar91 Cleantech IPO will be used for investment in the subsidiary for the development of Solar Projects. The remaining amount will be used for working capital requirements and fulfilling general corporate purposes. 

Solar91 Cleantech IPO: Key Dates, Allotment, Listing Date

Solar91 Cleantech IPO Subscription Status Live

Solar91 Cleantech IPO subscription status live will be available after the IPO opens on 24 December 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors. 

Solar91 Cleantech IPO Promoter Holdings 

Solar91 Cleantech IPO promoters are Prateek Agrawal, Saurabh Vyas, Sandeep Gurnani and Dhawal Gaurang Vasavada. The promoters' shareholdings before the IPO were 69.75% however, after the IPO, shareholdings will decline to 51.26%.

Solar91 Cleantech Limited Company Financials

Solar91 Cleantech Limited posted revenue of Rs 5,053.51 crore and net profit of Rs 400.01 crore for the period ending on 30 Sep 2024. The company’s revenue increased by 14% and PAT increased by 1060% between the FY ending on 31 March 2024 and 31 March 2023. 

Solar91 Cleantech IPO Registrar

Solar91 Cleantech IPO registrar is Maashitla Securities Private Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Solar91 Cleantech IPO Lead Managers

Solar91 Cleantech IPO lead managers are Narnolia Financial Services Limited. 

How to apply to Solar91 Cleantech IPO

Interested investors can apply to the Solar91 Cleantech IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul. 

Solar91 Cleantech IPO Review

Solar91 Cleantech IPO may get a positive response from the general public. The company is involved in the EPC of solar energy solutions. So, investors interested in the solar sector can apply to this IPO. 

This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Solar91 Cleantech IPO GMP live will also rise. 

Solar91 Cleantech IPO FAQ

1. What are the details of the Solar91 Cleantech IPO?

Solar91 Cleantech IPO is a book-built issue of Rs 54.36 lakh equity shares. This upcoming IPO is entirely a fresh issue of Rs 54.36 lakh equity shares.

2. When will the Solar91 Cleantech IPO open and close?

Solar91 Cleantech IPO open date is 24 December 2024 and closing date is 27 December 2024. The initiation of the refund date is 31 December 2024, and the credit of shares will be on 31 December 2024.

3. What is Solar91 Cleantech IPO GMP Today?

Solar91 Cleantech IPO GMP live is Rs 32 per share. The IPO GMP today indicates huge interest of retail investors. You can check the latest IPO Grey Market Premium today online from the first day of subscription. If the subscription got oversubscribed then Solar91 Cleantech IPO GMP might rise in the coming days.

4. What are the details of Solar91 Cleantech IPO Subscription Status Live?

Solar91 Cleantech IPO subscription status will be available after the IPO opens on 24 December 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

5. Write the details of the IPO Allotment Status Live?

Solar91 Cleantech IPO allotment status live will be finalised on 30 December 2024. The listing will be on the BSE SME platforms on 1 January 2025. The registrar of this IPO is Maashitla Securities Private Limited. Investors can check their allotment status after the subscription of the IPO ends. 

6. Who is the registrar and lead managers for Solar91 Cleantech IPO?

Solar91 Cleantech IPO registrar is Maashitla Securities Private Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status. The lead managers are Narnolia Financial Services Limited. 

Also Read:

• What is IPO?

• What is IPO GMP?

• Difference between IPO and FPO For Beginners

• Difference between SME IPO and Mainline IPO?