Fixed Price IPO | ₹7 Cr | Listed at NSE SME | Mon, Jan 22, 2018 - Thu, Jan 25, 2018
Solex Energy IPO is a fixed price issue of ₹7.18 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹7.18 crore.
Solex Energy IPO bidding started from Jan 22, 2018 and ended on Jan 25, 2018. The shares got listed on NSE SME on Feb 5, 2018.
Solex Energy IPO price is ₹52 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,04,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,08,000.
Swastika Investmart Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Beeline Broking Ltd..
Refer to Solex Energy IPO RHP for detailed Information.
IPO Open
Mon, Jan 22, 2018
IPO Close
Thu, Jan 25, 2018
Issue Price
₹52 per share
Market Cap (Pre-IPO)
₹25.69 Cr
| IPO Date | 22 to 25 Jan, 2018 |
| Listed on | Mon, Feb 5, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹52 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 13,80,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 72,000 shares Beeline Broking Ltd. (agg. up to ₹0.3744 Cr) |
| Fresh Issue (Ex Market Maker) | 13,08,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 13,08,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 35,60,000 shares |
| Share Holding Post Issue | 49,40,000 shares |
| NSE Symbol | SOLEX |
| ISIN | INE880Y01017 |
Solex Energy IPO comprises a total issue size of 13,80,000 shares. The net offer to the public is 13,08,000 shares, after excluding 72,000 shares allotted on a firm basis. Of the Net offer 6,54,000 (50.00%) allocated to NII 6,54,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,54,000 | 50.00% | 47.39% |
| Retail Shares Offered | 6,54,000 | 50.00% | 47.39% |
| Firm Reservations | |||
| Market Maker Shares Offered | 72,000 | 5.22% | |
| Total Shares Offered | 13,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,04,000 |
| Retail (Max) | 1 | 2,000 | ₹1,04,000 |
| HNI (Min) | 2 | 4,000 | ₹2,08,000 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 5.75 |
| 2 | Public Issue Expenses | 0.45 |
| 3 | General Corporate Expenses | 0.98 |
The Solex Energy IPO is subscribed 20.21 times on January 25, 2018 5:00:00 PM (Day 4). The public issue subscribed 24.91 times in the retail category, [.] times in the QIB category, and 15.4 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 15.4 | 6,54,000 | 1,00,72,000 |
| Retail | 24.91 | 6,54,000 | 1,62,94,000 |
| Total | 20.21 | 13,08,000 | 2,64,32,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries and other out of pocket expenses. | 0.23 |
| 2 | Printing and Stationery and postage expenses | 0.05 |
| 3 | Advertising and Marketing expenses | 0.05 |
| 4 | Statutory expenses and Other Expenses | 0.12 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹52.00 |
| Open | ₹43.50 |
| Low | ₹42.00 |
| High | ₹52.20 |
| Last Trade | ₹51.20 |
Lead Manager Reports
Solex Energy IPO is a SME IPO of 13,80,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Jan 22, 2018, and closes on Thu, Jan 25, 2018.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Solex Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Solex Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Solex Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Solex Energy IPO opens on Mon, Jan 22, 2018 and closes on Thu, Jan 25, 2018.
Solex Energy IPO lot size is 2000, and the minimum amount required for application is ₹1,04,000.
You can apply in Solex Energy 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 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.
The Solex Energy IPO listing date is on Mon, Feb 5, 2018.
