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Solex Energy IPO is a fixed price issue of Rs 7.18 crores.
Solex Energy IPO bidding started from January 22, 2018 and ended on January 25, 2018. The shares got listed on NSE SME on February 5, 2018.
Solex Energy IPO price is ₹52 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹104,000.
Swastika Investmart Ltd is the book running lead manager of the Solex Energy IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Solex Energy IPO RHP for detailed information.
| IPO Date | January 22, 2018 to January 25, 2018 |
| Listing Date | February 5, 2018 |
| Face Value | ₹10 per share |
| Price | ₹52 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,380,000 shares (aggregating up to ₹7.18 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,560,000 |
| Share holding post issue | 4,940,000 |
| Market Maker portion | 72,000 shares |
Solex Energy IPO offers 1,452,000 shares. 654,000 (45.04%) to NII, 654,000 (45.04%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 72,000 (4.96%) |
| Other Shares Offered | 654,000 (45.04%) |
| Retail Shares Offered | 654,000 (45.04%) | Other Shares Offered | 72,000 (4.96%) |
| Total Shares Offered | 1,452,000 (100%) |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹104,000 |
| Retail (Max) | 1 | 2000 | ₹104,000 |
| Lot Size Calculator | |||
Incorporated in 2014, Solex Energy Limited Anand, Gujrat based company engaged in the business of providing renewable energy solutions, specialized in the manufacturing of Solar photovoltaic module, solar home light, solar street light, solar lantern, solar power plant, solar invertors, solar water heating systems and wood fired water heater etc. Company has manufacturing facilities is located at Anand, Gujarat from where from where it offers appliances in different specifications and customization in accordance with the demands of its customers.
Solex Energy Limited is an ISO 14001:2015 Certification, ISO 9001:2015 Certification, OHSAS 18001:2007 and CE MARK CERTIFIED offering systems of high quality and reliability. Solex modules are TUV certified & tested by the UL India Pvt. Ltd and comply in accordance with the standards.
Solex Energy’s product ranges from Solar PV Module (3WP - 325 WP), Solar Lanterns (CFL & LED Base), Solar Home Light System (CFL & LED Base), Solar Street Light System (CFL & LED Base), Solar Off-Grid Power Plant (Solar Rooftop Systems), Solar Grid Connected Power Plant, Solar Water Heater Flat Plant Collector, Solar Water Heater ETC Type, Solar Submersible Pump (AC & DC), Solar Surface Pump (DC). Company also provides solution for solar roof top system, solar home and rural lighting system, solar power pack and solar power plant.
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses
[Dilip Davda] Considering highly priced offer, cash surplus risk savvy investors may consider moderate investment for long term. (Other – apply at your own risk). Read detail review...
The Solex Energy IPO is subscribed 20.21 times on January 25, 2018 5:00:00 PM. The public issue subscribed 24.91 times in the retail category, times in the QIB category, and 15.40 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 15.40 |
| Retail | 24.91 |
| Total | 20.21 |
| Listing Date | February 5, 2018 |
| BSE Script Code | |
| NSE Symbol | SOLEX |
| ISIN | INE880Y01017 |
| Final Issue Price | ₹52 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹52.00 |
| ₹43.50 |
| ₹42.00 |
| ₹52.20 |
| ₹51.20 |
Solex Energy Limited
Plot No. 131/A, Phase 1, Nr. Krimy Industries,
GIDC, Vithal Udyognagar,
Anand 388121
Phone: +91-2692-230317
Email: info@solex.in
Website: http://solex.in/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Solex Energy IPO is a SME IPO of 1,380,000 equity shares of the face value of ₹10 aggregating up to ₹7.18 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000 Shares.
The IPO opens on January 22, 2018, and closes on January 25, 2018.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Solex Energy IPO opens on January 22, 2018 and closes on January 25, 2018.
Solex Energy IPO lot size is 2000 Shares, and the minimum amount required is ₹104,000.
You can apply in Solex Energy IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Solex Energy IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Solex Energy IPO allotment status.
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