New Delhi, Sep 23 (PTI) The initial public offer of solar energy solutions provider Solarworld Energy Solutions Ltd got subscribed 1.23 times on the first day of bidding on Tuesday.

The IPO received bids for 99,18,048 shares against 80,93,092 shares on offer, according to NSE data.

Retail Individual Investors (RIIs) category fetched 4.56 times subscription, while the quota for non-institutional investors got subscribed 1.45 times.

Solarworld Energy Solutions on Monday said it has garnered Rs 220.5 crore from anchor investors.

The Rs 490-crore initial public offering (IPO) will conclude on September 25. The price band has been fixed in the range of Rs 333 to Rs 351 per share.

At the upper end of the price band, the company is valued at over Rs 3,000 crore.

The IPO is a combination of

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