Saatvik Green Energy is likely to finalize the basis of allotment of its shares on Wednesday, September 24. Applicant bidders will get the messages, alerts or emails for debit of their funds or revocations of their IPO mandate latest by Thursday, September 25. The EPC solutions player for solar energy saw a decent bidding from the investors. Advertisement

The IPO of Ambala-based Saatvik Green Energy was open for bidding between September 19 and September 23. It had offered its shares in the price band of Rs 442-465 per share with a lot size of 32 shares. The company raised a total of Rs 900 crore via IPO, which included a fresh share sale of 700 crore and offer-for-sale (OFS) of up to Rs 200 crore.

The issue was overall subscribed only 6.57 times fetching nearly 5.27 lakh applications,

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