Solar91 Cleantech, one of many main EPC photo voltaic power options suppliers to business and industrial shoppers, plans to lift ₹106 crore by an preliminary public providing, ensuing within the shares being listed on the BSE SME platform.
The IPO opens for subscription on Tuesday and closes on Friday.
The corporate will difficulty 54.36 lakh fairness shares in a value band of ₹185-195 a share.
The web proceeds from the IPO will probably be used for investing in its subsidiary to arrange photo voltaic crops as an Impartial Energy Producer, assembly working capital necessities, and masking basic company functions.
Narnolia Monetary Providers would be the e-book operating lead supervisor and Maashitla Securities would be the registrar.
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