The company made a stock amrket debut on Tuesday. (Photo: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Solarworld Energy Ltd. made its stock market debut on Tuesday, listing at Rs 389 on the BSE and Rs 388 on the NSE, compared to its issue price of Rs 351. The stock opened at a premium of 10.8% on the BSE and 10.7% on the NSE, marking a modestly positive start for the company on its first day of trading.

The company’s share allotment was completed on September 26, while the subscription window was open from September 23 to September 25.

The mainboard issue was oversubscribed 65.01 times. It received bids for 52,60,95,906 shares against 80,93,092 offered in the three days of bidding.

The Solarworld Energy Solutions IPO was a book build issue of Rs 490 crore.

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