IPO Date: Open October 21, 2024 – Closed October 23, 2024
Issue Price:
₹1,427 – ₹1,503 per share
Fund Raised: ₹4,321.44 crore
Components: ₹3,600 crore (fresh issue) + ₹721.44 crore (offer for sale)
Purpose of Funds: Primarily for setting up a 6 GW solar module manufacturing facility in Odisha
Subscription: Oversubscribed by 79.44 times
Listing Date: Expected October 28, 2024 (subject to confirmation)
Grey Market Premium (GMP): Indicated bullish sentiment with a premium of around 92% above the issue price (Important Note: GMP is not an official indicator and should be taken with caution)
Current Status (as of October 25, 2024):
Allotment of shares is likely finalized today (October 25th).
Investors can check their application status online through the official registrar’s website (Link Intime) or the BSE website.
Refunds for unallotted applications and credit of shares to Demat accounts are expected to happen today as well.