MAINBOARD STRONG

Northline Engineering Corporation Limited

₹644–665 · Lot Size 25 shares

GMP₹298.6 +44.9%

QIB Subscription137.3x

NII Subscription46.72x

Retail Subscription32.1x

Open Date2026-07-23

Close Date2026-07-26

Allotment Date2026-07-28

Listing Date2026-07-30

Northline Engineering Corporation Limited is a company operating in the renewable energy space, focused on solar EPC and rooftop energy solutions. The issue comprises a mix of fresh issue and offer for sale, with proceeds earmarked for working capital, debt reduction, and general corporate purposes.

Price band: ₹644–₹665 per share · Lot size: 25 shares.

Subscription so far — QIB: 137.3x, NII: 46.72x, Retail: 32.1x. Grey Market Premium is currently around ₹298.6 (+44.9% over the upper price band).

Subscription has been driven by heavy institutional interest, and the grey market signal points to healthy listing-day demand. Investors should still size the bet according to their own risk appetite rather than chase the premium.

This review is for informational purposes only and is not investment advice. Please read the red herring prospectus and consult a financial advisor before applying.

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