Friday, June 22, 2018

Bright Solar IPO Dates, Price Band, Market Lot, Allotment & Review

   
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Bright Solar Ltd is incorporated in 2010 based in Gujarat. Another solar power company from Gujarat comes with SME IPO. The company is assembling DC/AC solar pumps and solar pump systems. They have registered brand name like PUMPMAN, BRIGHT SOLAR, BRIGHT SOLAR WATER PUMP. They take contract which include supply, installation and maintenance of pump system. They are in a plan to acquire land in Kheda to establish manufacturing unit of Solar PV Modules and Panels. They also plan to setup water treatment plant assembling unit in Patna, Bihar. Bright Solar ipo is starting from 26-June and ends on 29-June. The price band is around Rs.36 with 3000 market lot. The ipo size is around 19.44 crore rupees.

IPO Review:
  • Risky
Bright Solar IPO Dates & Price Band:
  • IPO Open: 26-June-2018
  • IPO Close: 29-June-2018
  • IPO Size: Approx Rs 19.44 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.36 Per Equity Share
  • Listing on: NSE SME
  • Shares: 5,400,000
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 3,000 Shares (Minimum Lot Size)
  • Amount: Rs.1,08,000
IPO Allotment & Listing:
  • Basis of Allotment: 05-July-2018
  • Refunds: 06-July-2018
  • Credit to demat accounts: 09-July-2018
  • Listing: 10-July-2018
Financial Results:

  Rs. in Crore
Revenue Expense PAT
2013 22.4 21.9 0.4
2014 28.5 27.7 0.5
2015 47.8 44.9 2.0
2016 15.5 14.4 0.7
2017 18.1 15.6 1.7
2018 (10M) 28.3 20.9 5.3


Bright Solar IPO Important Links:
Company Promoters:
  • Mr. Piyushkumar Thumar
Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus

IPO Registrar:
Alankit Assignments Ltd.
Phone: (011) 4254 1234
Fax: (011) 4254 1967
Email: [email protected]
Website: http://www.alankit.com
IPO Lead Managers:
  • SWASTIKA INVESTMART LIMITED
Company Address:
Bright Solar Limited
C-1103, Titanium Square,
Thaltej Circle, S G Highway,
Thaltej, Ahmedabad - 380 059
Phone: +91 - 79 - 4892 6868
Email: [email protected]
Website: http://www.brightsolar.in/

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