Saatvik Green IPO subscribed gets 6.57 times

New Delhi: Solar panel maker Saatvik Green Energy’s initial public offer garnered 6.57 times subscription on the closing day of bidding on Tuesday.

The IPO received bids for 9,38,08,608 shares in three days against 1,42,71,970 shares on offer, according to NSE data.

The Qualified Institutional Buyers’ (QIBs) portion got subscribed 10.84 times and the category for non-institutional investors received 10.04 times subscription. Retail Individual Investors’ category was booked 2.66 times.

Saatvik Green Energy on Thursday said it has mobilised over Rs 269 crore from anchor investors.