BSE investigates Solar91 Cleantech IPO, public subject of ₹106 crore postponed – #INA

Solar91 Cleantech IPO: One other SME IPO has come beneath the scanner of BSE. The inventory alternate has postponed the Rs 106 crore public subject of Solar91 Cleantech until additional discover. This subject was scheduled to open for anchor traders on December 23 and for different traders on December 24. The closing would have taken place on December 27 and the plan was to checklist the shares on BSE SME on January 1, 2025.

BSE stated on December 23, “In view of sure queries raised by complainants within the media, this requires additional investigation. Pending additional investigation, anchor traders will probably be open in the present day (December 23) and for the general public tomorrow.” The IPO, which was scheduled to open on (December 24), has been postponed till additional discover.”

Promoters maintain 69.75 p.c stake

EPC photo voltaic power options supplier Solar91 Cleantech has an funding from Prashant Jain of Tikri Investments and Krishna Kumar Pant of Sirma SGS Know-how. Promoters maintain 69.75 p.c stake within the firm. The remaining 30.25 per cent shares are held by public shareholders together with Krishna Kumar Pant (6.77 per cent) and Tikri Investments (4.15 per cent).

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The corporate was began in 2015

Solar91 Cleantech was began in 2015 in Rajasthan by 4 IITians – Saurabh Vyas, Prateek Aggarwal, Dhaval Gaurang Vasavada and Sandeep Gurnani. The corporate constructs and maintains grid related and off grid solar energy tasks. It has commissioned 191 crops in 13 states of India and 1 plant in Kenya, Africa beneath EPC mannequin. The corporate has additionally commissioned two tasks beneath the IPP (Impartial Energy Producer) mannequin. Total, it has commissioned greater than 94 megawatt (MW) capability crops throughout India.

The service provider banker for the Solar91 Cleantech IPO is Narnolia Monetary Companies. 54.36 lakh new shares are being issued within the subject. Aside from this IPO, SME IPOs of Trafficsol, C2C Superior Programs additionally confronted inventory alternate scrutiny not too long ago.

BSE investigates Solar91 Cleantech IPO, public subject of ₹106 crore postponed

BSE investigates Solar91 Cleantech IPO, public issue of ₹106 crore postponed - #INA Business en INA News


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