New Delhi, Feb. 6 -- The initial public offering (IPO) of Solarium Green Energy opened for subscription on Thursday, February 6 and will close on Monday, February 10. The company, which aims to raise Rs.105.05 crore through the SME IPO, has set a price band of Rs.181-191 per share.

Solarium Green Energy IPO was booked 0.18 times by 11:55 am on the first day of the issue so far. The retail portion of the public issue was subscribed 0.3 times while the Non-Institutional Investors' (NII) category received 0.16 times bids. However, QIBs have not placed any bids yet.

The company's shares in the grey market traded at a premium of Rs.15. This indicates an estimated listing price of Rs.206, up 7.8 percent from the IPO price of Rs.191.

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