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Bright Solar Limited Rights Issue (Bright Solar Rights Issue 2023) Detail

April 3, 2023 - April 10, 2023
Bright Solar Limited Logo

Incorporated in 2010, Bright Solar Limited is engaged in the developing, manufacturing and selling high-quality products that run on the clean and cost-friendly solar energy. They are among the innovation-driven entities striving at creating solar-powered water pumping mechanisms which not only serve the customers efficiently, but are also good for the environment.

The products of Bright Solar Limited are:

  1. Solar Water Pump Systems
  2. DC Solar Pumps
  3. AC Solar Pumps
  4. Solar Pumping Controller - Inverter
  5. Solar Panel/Modules
  6. Bright Solar Mart
  7. Solar Rooftops

Bright Solar Rights Issue 2023 Detail

Issue Open April 3, 2023 - April 10, 2023
Security Name Bright Solar Limited
Issue Size (Shares) 4,599,000
Issue Size (Amount) ₹4.60 Crores
Issue Price ₹10 per share
Face Value ₹10 per share
Listing At NSE
Terms of Payment

The full amount of the Issue Price is payable on Application.

Entitlement 2 Equity Share for every 9 fully paid-up Equity Share held on the Record Date

Bright Solar Rights Issue 2023 Issue Timetable

Record Date February 6, 2023
Credit of Rights Entitlements
Bid/Offer Opens On April 3, 2023
Renunciation of Rights Entitlements April 6, 2023
Bid/Offer Closes On April 10, 2023
Deemed Date of Allotment April 17, 2023
Credit Date April 20, 2023
Listing Date April 28, 2023

Company Financials

Bright Solar Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-2150.3724.780.18
31-Mar-2240.907.49-7.37
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the proceeds raised through the issue towards funding the incremental working capital requirements of the company.

Bright Solar Rights Issue 2023 Documents

Bright Solar Rights Issue 2023 Rating

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Bright Solar Rights Issue 2023 Reviews

Company Contact Information

Bright Solar Limited
Bright Solar Limited C-103,
Titanium Square, Thaltej Circle, S.G.Highway,
Ahmedabad - 380059

Phone: +91-9377756205
Email: sales@brightsolar.co.in
Website: https://www.brightsolarltd.com/

Bright Solar Rights Issue 2023 Registrar

  1. Skyline Financial Services Private Ltd
    Phone: 02228511022
    Email: ipo@skylinerta.com
    Website: https://www.skylinerta.com/ipo.php

Bright Solar Rights Issue 2023 Lead Manager(s)

Bright Solar Rights Issue 2023 FAQs

The Bright Solar Rights Issue 2023 opens on April 3, 2023, and closes on April 10, 2023.

Bright Solar Rights Issue 2023 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsApril 6, 2023
Issue Opening DateApril 3, 2023
Issue Closing DateApril 10, 2023
Date of Allotment (on or about)April 17, 2023
Date of Credit (on or about)April 20, 2023
Date of Listing (on or about)April 28, 2023

Bright Solar Rights Issue 2023 price is set at ₹10 per share per equity share.

The eligible shareholders are being offered 2 Equity Share for every 9 fully paid-up Equity Share held on the Record Date (February 6, 2023).

The record date for the Bright Solar Rights Issue 2023 is February 6, 2023.

The issue size of Bright Solar Rights Issue 2023 is of 4,599,000 equity shares at ₹10 per share aggregating upto ₹4.60 Crores.

The Letter of Offer for Bright Solar Rights Issue 2023 can be download here.

You can apply for Bright Solar Rights Issue 2023 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Bright Solar Rights Issue 2023 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Bright Solar Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Bright Solar Rights Issue 2023.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Bright Solar Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Bright Solar Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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