AHAsolar Technologies IPO Witnesses Strong Investor Interest, Oversubscribed 12.61 Times on Day 3
AHAsolar Technologies, a prominent solar power solutions provider, has experienced exceptional investor demand during the bidding process of its Initial Public Offering (IPO). As of July 12, the third day of the IPO, the subscription rate has reached an impressive 12.61 times. The public issue received bids for 97.36 lakh equity shares, surpassing the offer size of 8.18 lakh shares.
he retail category witnessed a remarkable subscription rate of 19.75 times, while the non-institutional investors’ category achieved a subscription rate of 5.46 times. As of 3:45 pm on the third day of the bidding process, the Qualified Institutional Buyers’ (QIB) bids are yet to be placed.
AHAsolar Technologies, a leading solar power solutions provider, commenced its Initial Public Offering (IPO) on July 10, with the bidding process set to conclude on July 13. The IPO comprises a fresh issue of 818,400 equity shares, each with a face value of ₹10. AHAsolar Technologies aims to raise a total of ₹12.85 crore from the public issue, utilizing the funds to support its growth and expansion plans.
AHAsolar Technologies is conducting its Initial Public Offering (IPO) as a fixed price issue. The IPO offers shares at a price of ₹157 per share, allowing investors to participate in the company’s growth and capitalize on the thriving renewable energy sector.
It has set the lot size and minimum investment requirements for retail investors in its Initial Public Offering (IPO). The lot size for the IPO is 800 shares, with a minimum investment amount of ₹1,25,600 for retail investors, allowing them to participate in the company’s growth and capitalize on the renewable energy sector.
AHAsolar Technologies, a prominent solar power solutions provider, is expected to list its shares on the BSE SME (Small and Medium Enterprises) platform on July 21. The listing on this platform will provide investors with an opportunity to trade AHAsolar Technologies’ shares and participate in the company’s growth in the renewable energy sector.
AHAsolar Tech IPO GMP Today
According to market observers, the grey market premium (GMP) for AHAsolar Technologies IPO is ₹24 per share. This means that in the grey market, the shares of AHAsolar Technologies are being traded at a premium of ₹24 compared to the issue price. Based on this information, it suggests that the shares may potentially be listed at ₹181 per share, which is a 15% premium to the issue price. Please note that grey market premiums are subject to change and can fluctuate based on market conditions and investor sentiment. It is always advisable to refer to reliable financial sources or consult with experts for the most up-to-date information on grey market premiums and expected listing prices.
