IPO

Solex Energy Limited IPO

NSE SME

Offer Date: Jan 22, 2017 - Jan 25, 2017

₹ 208000 /4000 Shares
*Min Investment

22 Jan, 2017

Open Date

25 Jan, 2017

Close Date

01 Feb, 2017

Allotment Date

05 Feb, 2018

Listing Date
IPO Issue Details
  • Issue Price Rs 52 Per Equity Share 
  • Face Value Rs 10 Per Equity Share 
  • Issue Price 13,80,000 Equity Shares of Rs 10/- each at a price of 52/- per share aggregating to 7.18 Cr
  • Listing at NSE SME
  • Lead Manager Swastika Investmart Ltd
  • Registrar Skyline Financial Services Private Ltd
IPO Details
  • Retail Portion N/A
IPO Details


Solex Energy Limited IPO is an SME IPO, priced at Rs 52 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 Jan 22, 2017 to Jan 25, 2017. The allotment is expected to be finalized on Feb 1, 2017, and the tentative listing date is Feb 5, 2018.


The registrar of the IPO is Skyline Financial Services Private Ltd , and

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IPO Subscription Analysis And Details
Retail
1.00x
Total
2.00x
As onQIB / NIIRetailTotal
Shares Offered / Reserved6,54,0006,54,00013,08,000
Day 1 22-01-17
5,12,000 0.78 x3,98,000 0.61 x9,10,000 0.70 x
Day 2 23-01-18 
9,02,000 1.38 x15,10,000 2.31 x24,12,000 1.84 x
Day 3 24-01-18
11,60,000 1.77 x37,02,000 5.66 x48,62,000 3.72 x
Day 4 25-01-18
1,01,38,000 15.50 x1,62,94,000 24.91 x2,64,32,000 20.21 x
Valuations
Earnings Per Share (EPS) Rs 1.86
P/E Ratio 27.96
RoNW 25.29%
Net Asset Value (NAV) - After Issue Rs 22.49
IPO - Issue Objectives
1

To Meet Working Capital Requirement

2

General Corporate Purpose

3

To meet the expenses of the Issue