Solarworld Energy Solutions Ltd. makes a strong debut on the bourses with scrip got listed at Rs 389.00 on the Bombay Stock Exchange, a 10.82 per cent premium to its issue price of Rs 351.00. On the National Stock Exchange, the stock was listed at Rs 388.50.

The company, which raised 1.40 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 139.60 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Sep 23 to Sep 25.

Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for Investment in the Subsidiary, Kartik Solarworld Private Limited (“KSPL) for partfinancing the establishment of a GW solar PV TopCon Cell manufacturing facility in Pandhurana, Madhya Pradesh, India (the “Pandhurana Project), General corporate purposes.

SBI Capital Markets Ltd.,Nuvama Wealth Management Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 80,364.94, down 61.52 points, or 0.07 per cent.