“The stock will go live on 29 September on both the National Stock Exchange (NSE) of India and Bombay Stock Exchange (BSE) after the bid closes,” a source tells Recharge.
The initial public offering (IPO) will open on Monday and close on 15 September.
The source says the price band has been fixed at 29-32 rupees per share.
He adds that the proceeds of the IPO will go towards raising Indosolar’s solar cell production capacity to 260MW by the end of 2011, up from the current capacity of 160MW.
The
