Solarium Green Energy IPO listing today. What GMP signals ahead of debut?
BSE SME platform on Thursday and the GMP indicates marginal premium over the issue price. Ahead of the listing, the GMP is around 1% as against an IPO price of Rs 191.
However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.
The IPO received a subscription of 8 times, where non-institutional investors dominated the bidding, followed by institutional investors.
The company plans to use the net proceeds from the IPO to be used for funding working capital requirements and general corporate purposes.
Solarium Green Energy provides turnkey solar solutions which involves design, engineering, procurement and supply, construction and erection, testing, commissioning, associated transmission system and comprehensive operation and maintenance (O&M) of solar power plants.
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