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http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/solar-by-technology-renewable-energy-news/indosolar-looks-to-raise-77-7m-in-ipo-next-week.html

Indian solar company Indosolar is tipped to be making an initial public offering (IPO) next Monday in which it hopes to raise up to R3.57bn ($77.7m), according to reports.

Listing its shares on both the Bombay Stock Exchange and National Stock Exchange, the company has reportedly fixed the price range of the offering at between R29 and R32 per share, which are each valued at R10, local newspaper the Economic Times.
At least half of the shares issued in the IPO, which is scheduled to close next Wednesday, will be allocated to qualified institutional buyers including anchor investors, the newspaper said.
Indosolar intends to expand its annual polycrystalline solar cell production capacity to 260MW by next year with the addition of a new manufacturing line.