Solex Energy Limited IPO

Add to Calendar 2018-01-22 12:00 AM 2018-01-25 12:00 AM Asia/Kolkata Solex Energy Limited IPO Solex Energy Limited India

Introduction: Solex Energy Limited, is a very well  known  manufacturer of solar photovoltaic module, solar home light, solar street light, solar lantern, solar power plant, solar invertors, solar water heating system and wood fired water heater. Company is based out of Anand,Gujarat.

Date of Establishment: Company was established in the year  2014,

Product & Service Offering: Company’s basket of products includes Solar PV Module, Solar Lanterns, Solar Home Light System, Solar Street Light System, Solar Off-Grid Power Plant, Solar Grid Connected Power Plant, Solar Water Heater Flat Plant Collector, Solar Water Heater ETC Type, Solar Submersible Pump (AC & DC) and Solar Surface Pump (DC).

Promoters of Solex Energy Limited: Company is promoted by Mr. Kalpeshkumar Ramanbhai Patel.

Objects of the Issue: The key objectives of the IPO issues is to meet cash requirement for day to day running of the business, for sundry corporate expenses and to meet expenses incurred during the release of the issue.

Company Financials:

Summary of financial Information (Consolidated)

Particulars

For the year/period ended (in Rs. million)

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

 

Total Assets

249.5

147.8

85.8

NA

NA

 

Total Revenue

344.9

466.2

63.7

NA

NA

 

Profit After Tax

9.1

3.8

0.95

NA

NA

 

Issue Detail

  • Issue Open: Jan 22, 2018
  • Issue Close: Jan 25, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 52 Per Equity Share
  • Bid Lot:2000 Shares
  • Minimum Order Quantity:2000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 7.18 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 0 654,000 654,000 - 72,000 1,380,000
Day 1 - Jan 22, 2018IST 0 512,000 398,000 - - 910,000
Day 2 - Jan 23, 2018IST 0 902,000 1,510,000 - - 2,412,000
Day 3 - Jan 24, 2018IST 0 1,160,000 3,702,000 - - 4,862,000
Day 4 - Jan 25, 2018IST 66,000 10,072,000 16,294,000 - - 26,432,000

Listing Day Trading Information

- BSE NSE
Issue Price - Rs 52.00
Open - Rs 43.50
Low - Rs 42.00
High - Rs 52.20
Last Trade - Rs 51.20
Volume - 702,000

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Frequently Asked Questions

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Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker

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