The ₹490-crore initial public offering (IPO) of Solarworld Energy Solutions opens today in the price range of Rs 333 to Rs 351 a share. The IPO conclude on September 25 and the market lot is 42 shares.

The IPO is a combination of fresh issuance of equity shares worth ₹440 crore, and an offer-for-sale of shares valued ₹50 crore by promoter Pioneer Facor IT Infradevelopers.

Up to 75 per cent of the offer size has been earmarked for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors.

Ahead of the issue, it has garnered ₹220.5 crore from anchor investors such as Pinebridge Global Funds, Motilal Oswal Mutual Fund (MF), Singularity Equity Fund I, VQ Fastercap Fund II, Citigroup Global Markets Mauritius and BNP Parib

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