• Source:JND
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Upcoming IPO: Solarium Green Energy on Tuesday said it has a fixed price range for its initial public offering (IPO) of Rs 181-191 per share for its Rs 105 crore initial public offering (IPO) to be floated in the capital markets for public subscription on February 6.

The public issue will close on February 10 and the company's shares will be listed on the BSE SME. Investors can bid for a minimum of 600 shares and in multiples thereof, the company said in a statement.

The initial public offering (IPO) is a fresh issue of 5.5 million equity shares. At the upper end of the price band, the company will raise up to Rs 105.04 crore from the IPO.

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The net proceeds from the IPO are intended to meet working capital requirements and address general corporate objectives.

"The funds raised through this IPO will enhance our working capital, ensure smooth project execution and position Solarium to capitalize on emerging opportunities in the renewable sector," said Ankit Garg, Chairman and Managing Director, of Solarium Green Energy.

Solarium Green Energy specializes in turnkey solutions including design, engineering, procurement, testing, installation, commissioning, transmission systems and comprehensive O&M services.

Beeline Capital Advisors is the lead manager running this single book, while Link Intim India is the registrar in this regard.

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(With Inputs From PTI)