Ahasolar Technologies IPO day 2: Issue receives 6.86 times subscription so far; retail portion booked over 11 times

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Key Points

Ahasolar Technologies IPO was subscribed by 6.86 times so far on July 11, the second day of the bidding process, as the issue received bids for 53.27 lakh shares as compaed to 8.18 lakh shares on the offer...

Ahasolar Tech IPO received 11.86 times subscription in the retail category and 1.87 times in the Non-Institutional Investors (NII) category..

The Qualified Institutional Buyers (QIB) are yet to place their bids till 4:50 pm on the day 2. ..

The lot size of Ahasolar Tech IPO is 800 shares and the minimum amount required for retail investors is 1,25,600..

The proceeds from the fresh issue will be used for the construction of a solar PV plant, the installation of an infrastructure for charging electric vehicles, the purchase of an electric vehicle, the satisfaction of working capital needs, general corporate purposes, and the payment of public issue expenses..

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