IPO

Bright Solar Limited IPO

NSE SME

Offer Date: Jun 26, 2018 - Jun 29, 2018

₹ 216000 /6000 Shares
*Min Investment

26 Jun, 2018

Open Date

29 Jun, 2018

Close Date

05 Jul, 2018

Allotment Date

09 Jul, 2018

Listing Date
IPO Issue Details
  • Issue Price Rs 36/- Per Equity Share 
  • Face Value Rs 10 Per Equity Share 
  • Issue Price Fresh Issue of 54,00,000 Equity Shares of Rs 10/- each at a price of 36/- per share aggregating to 19.44 Cr
  • Listing at NSE SME
  • Lead Manager Swastika Investmart Limited
  • Registrar Alankit Assignments Ltd
IPO Details
  • Retail Portion N/A
IPO Details


Bright Solar Limited IPO is an SME IPO, priced at Rs 36/- Per Equity Share . The equity shares have a face value of Rs 10 Per Equity Share  each and will be listed on the NSE SME platform.

The IPO bidding window is open from Jun 26, 2018 to Jun 29, 2018. The allotment is expected to be finalized on Jul 5, 2018, and the tentative listing date is Jul 9, 2018.


The registrar of the IPO is Alankit Assignments Ltd , and

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IPO Subscription Analysis And Details
Retail
38.00x
Total
95.00x
As onQIB / NIIRetailTotal
Shares Offered / Reserved25,65,00025,65,00051,30,000
Day 1 - 26-06-18
1,53,000 0.06 x2,34,000 0.09 x3,87,000 0.08 x
Day 2 27-06-18
5,10,0000.2 x9,18,0000.36 x14,28,0000.28 x
Day 3 28-06-18
36,15,0001.41 x15,03,0000.59 x51,18,0001.0 x
Day 4 29-06-18
56,58,0002.21 x38,52,0001.5 x95,10,0001.85 x
Valuations
Earnings Per Share (EPS) Rs 0.84
P/E Ratio 42.92
RoNW 19.08%
Net Asset Value (NAV) ( post issue ) Rs 17.14
IPO - Issue Objectives
1

Acquisition of Land, its Registration, Stamping, and other charges

2

Working Capital

3

General Corporate Purpose

4

Issue Expenses