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IPO

IPO Details


Bright Solar Ltd
Registered Office: C-1103 Titanium Square Thaltej, Circle SG Highway Thaltej, Ahmedabad - 380059, Gujarat
Phone: 91-79-48926868
Email:
Website: www.brightsolarltd.com
Public issue of 54,00,000 equity shares of face value of Rs. 10 each of Bright Solar Limited (bright or the company or the issuer) for cash at a price of Rs. 36 per equity share including a share premium of Rs. 26 per equity share (the issue price) aggregating to Rs. 19.44 Crores (the issue), of which 2,70,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 36 per equity share including a share premium of Rs. 26 per equity share aggregating to Rs. 0.97 Crores will be reserved for Subscription by market maker to the issue (the market Maker reservation portion). The issue less the market maker reservation portion i.e. net Issue of 51,30,000 equity shares of face value of Rs. 10 each at a price of Rs. 36 per equity share including a share premium of Rs. 26 per equity share aggregating to Rs. 18.47 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.47% and 25.15% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is Rs. 36. The issue price is 3.6 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
26-Jun-2018 29-Jun-2018 ₹ 36.00 ₹ 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
(₹)Cr. Lead Managers to the Issue
Project Cost 19.44 Swastika Investmart Ltd
Project Financed through Current Offer 19.44
Post Issue Equity Share Capital 20.40
Issue Price ₹36.00
Projects
Acquisition of Land, its Registration, Stamping & Other Charges for setting up Solar PV Modules/Panels Manufacturing unit
Working Capital Requirements
General Corporate Purpose
Promoted By
Piyushkumar Babubhai Thumar
Listing At
NSE - SME
Registrar to the Issue
Alankit Assignments Ltd

INDIAN INDICES

Sensex

84,544.31 1,359.51 (1.63%)

Nifty

25,790.95 375.15 (1.48%)

GLOBAL INDICES

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NASDAQ

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