Bookbuilding IPO | ₹84 Cr | Listed at BSE, NSE | Thu, Mar 9, 2006 - Mon, Mar 13, 2006
Solar Explosives IPO is a book build issue of ₹83.60 crores. The issue is entirely a fresh issue of 0.44 crore shares of ₹83.60 crore.
Solar Explosives IPO bidding started from Mar 9, 2006 and ended on Mar 13, 2006. The shares got listed on the NSE and the BSE on Apr 3, 2006.
Solar Explosives IPO is set final issue price at ₹190 per share.
SBI Capital Markets Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Solar Explosives IPO RHP for detailed Information.
IPO Open
Thu, Mar 9, 2006
IPO Close
Mon, Mar 13, 2006
Issue Price
₹190 per share
Market Cap (Pre-IPO)
₹329.15 Cr
| IPO Date | 9 to 13 Mar, 2006 |
| Listed on | Mon, Apr 3, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹170 to ₹190 |
| Issue Price | ₹190 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 44,00,000 shares (agg. up to ₹84 Cr) |
| Fresh Issue | 44,00,000 shares (agg. up to ₹84 Cr) |
| Share Holding Pre Issue | 1,29,23,816 shares |
| Share Holding Post Issue | 1,73,23,816 shares |
| BSE Script Code / NSE Symbol | 532725 / SOLARINDS |
| ISIN | INE343H01029 |
Solar Explosives IPO comprises a total issue size of 44,00,000 shares. The net offer to the public is 43,40,000 shares, after excluding 60,000 shares under a preferential allotment. Of the Net offer 21,70,000 (50.00%) are allocated to QIB, 6,51,000 (15.00%) allocated to NII 15,19,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 21,70,000 | 50.00% | 49.32% |
| NII (HNI) Shares Offered | 6,51,000 | 15.00% | 14.80% |
| Retail Shares Offered | 15,19,000 | 35.00% | 34.52% |
| Preferential Reservations | |||
| Employee Shares Offered | 60,000 | 1.36% | |
| Total Shares Offered | 44,00,000 | 100.00% | 100.00% |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Solar Industries India Limited (formerly Solar Explosives Ltd), founded in 1995 and based in Nagpur, is India's largest industrial explosives manufacturer and a key player in defence systems. They produce bulk and packaged explosives, initiate systems for mining and defence structures, and produce high-energy defence materials such as HMX, RDX, and missile propellants.
The company produces bulk explosives, packaged emulsion explosives, and initiating systems (detonators, boosters) for mining, construction, and infrastructure.
The company manufactures high-energy materials, solid propellant boosters for missiles (e.g., Pinaka, Akash, BrahMos), warheads, bombs, and ammunition for the armed forces.
Established in 1995, it has grown to 34 manufacturing units across India and globally, with a presence in over 65 countries.
The company has developed advanced products like SEBEX 2, a highly potent explosive, and maintains stringent safety standards in its manufacturing processes.
| Period Ended | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|
| Assets | 98.26 | 84.94 | 69.17 | 48.12 |
| Total Income | 136.23 | 99.02 | 74.50 | 59.23 |
| Profit After Tax | 14.99 | 8.80 | 6.36 | 6.72 |
| Reserves and Surplus | 44.14 | 30.60 | 22.51 | 18.25 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenses for setting up Bulk Explosive Plants in India | 529.92 |
| 2 | Investment in 100% owned subsiadiary for setting up manufacturing units for Bulk Explosive and Cartridge Explosive as also a Magazine(Storage) facility in Nigeria. | 23.39 |
| 3 | Fund Requirement | 76.38 |
| Total | 629.69 |
| KPI | Mar 31, 2005 |
|---|---|
| Debt/Equity | 0.51 |
| RoNW | 30.05 |
| Price to Book Value | 2.43 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.60 | 8.65 |
| P/E (x) | 16.38 | 21.96 |
| Promoter Holding | 100% | 74.6% |
| Market Cap | ₹329.15 Cr. |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
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| Last Trade |
Lead Manager Reports
Solar Explosives IPO is a main-board IPO of 44,00,000 equity shares of the face value of ₹10 aggregating up to ₹84 Crores. The issue is priced at ₹190 per share. The minimum order quantity is .
The IPO opens on Thu, Mar 9, 2006, and closes on Mon, Mar 13, 2006.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Solar Explosives IPO using UPI as a payment gateway. Zerodha customers can apply in Solar Explosives IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Solar Explosives IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Solar Explosives IPO opens on Thu, Mar 9, 2006 and closes on Mon, Mar 13, 2006.
Solar Explosives IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Solar Explosives IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Solar Explosives IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Solar Explosives IPO allotment status.
The Solar Explosives IPO listing date is on Mon, Apr 3, 2006.
