Bright Solar IPO Subscription Details

Fixed Price IPO | ₹19 Cr | Listed at NSE SME | Tue, Jun 26, 2018 - Fri, Jun 29, 2018

Basis of Allotment - Bright Solar IPO

Details NII Retail Total
Allocation (No. of shares)25,65,00025,65,00051,30,000
Allotment price (Rs.)363636
No.of applications291,1951,224
No.of shares applied33,72,00035,85,00069,57,000
Amount collected (Rs.cr.)12.14 12.91 25.05
No.of times subscribed1.311.401.36
No.of shares allotted24,84,00026,46,00051,30,000
Amount (Rs.cr.)8.94 9.53 18.47
No.of allottees29882911

IPO Shares Offered

Bright Solar IPO is a public issue of 0.51 Cr equity shares. The issue offers 0.26 Cr shares to retail investors , 0.26 Cr shares to other investors. The other investors include applicants other than retail i.e. HNI, corporates, institutions, (NII and QIB).

CategoryShares OfferedAmt (₹ Cr.)Size (%)
Market Maker2,70,0000.97 5.00%
Other 25,65,0009.23 47.50%
Retail25,65,0009.23 47.50%
Total54,00,00019.44 100%

IPO Subscription FAQs

The Bright Solar IPO is subscribed 1.8485 times by Jun 29, 2018 17:00.

Bright Solar IPO Subscription

Investor Category Subscription (times)
Qualified Institutional
Non Institutional2.2058
Retail Individual1.4912
Total Subscription1.8485

Retail category of Bright Solar IPO subscribed 1.4912 times as of date Jun 29, 2018 17:00. The public issue closes on Fri, Jun 29, 2018 for bidding.

An investor can apply in Bright Solar IPO online via bank (using ASBA) or the broker (using UPI). The Bright Solar IPO shares are offered online only.

The Bright Solar IPO is subscribed 1.8485 times by Jun 29, 2018 17:00.

The Bright Solar IPO allotment status is expected on or around Wednesday, July 4, 2018. Visit Bright Solar IPO allotment status to check.

The Bright Solar IPO listing date is July 9, 2018. The equity share of Bright Solar IPO will list on NSE SME.

Visit Bright Solar IPO subscription status page for real-time bidding information about Bright Solar IPO.

Bright Solar IPO Timetable

IPO opens OnTuesday, June 26, 2018
IPO Closes OnFriday, June 29, 2018
Finalisation of Basis of AllotmentWednesday, July 4, 2018
Initiation of RefundsFriday, July 6, 2018
Credit of Shares to Demat AccountFriday, July 6, 2018
IPO Listing DateMonday, July 9, 2018
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