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Open
26 Jun 2018
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Close
29 Jun 2018
3
Allotment
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Listing
Mon, Jul 9, 2018
Price Band
₹36 per share
Issue Size
54,00,000 shares (agg. up to ₹19 Cr)
Lot Size
3,000 Shares
Listing Date
Mon, Jul 9, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.36x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Jan 2018 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 55.73 | 33.09 | 22.12 | 38.92 |
| Total Income | 28.27 | 18.13 | 15.47 | 47.84 |
| Profit After Tax | 5.35 | 1.71 | 0.71 | 1.97 |
| NET Worth | 15.53 | 10.19 | 8.66 | 4.12 |
| Reserves and Surplus | 14.03 | 8.69 | 7.16 | 3.06 |
| Total Borrowing | 1.89 | 3.14 | 3.34 | 6.16 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Latteys Industries Ltd. | SME | ₹8.07 Cr | ₹66 | null | ₹66.20 | +0.30% | ₹19.78 (-0.65%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquisition of Land, its Registration, Stamping and other chargesfor setting up Solar PV Modules/Panelsmanufacturing unit | 3.86 |
| 2 | Working Capital requirements | 11.68 |
| 3 | General Corporate Purpose | 3.48 |
About Bright Solar IPO
Incorporated in 2010, Gujarat based Bright Solar Limited is a company engaged in assembling of DC/AC Solar Pumps and Solar Pump Systems under the registered brand name of "PUMPMAN", "BRIGHT SOLAR", and "BRIGHT SOLAR WATER PUMP". The company is also engaged in EPC contracts of Solar Photovoltaic Water pumps which include supplying, installing and commissioning of the pump system along with comprehensive maintenance contract for a specific period of 1-5 years. In solar pump system, it has a wide range of products of DC Solar Pump, Solar Pump Inverter, and AC Solar Pump. In the year 2017-18, the company started providing consultancy services for acquiring projects and tender bidding after identifying the competent client on the tender to tender basis. In addition, we have also been added water supply, sewerage, and infra project in its service portfolio. We have also been awarded water supply and sewerage projects. Bright Solar is in the process of acquiring a land admeasuring area of 18209 Square meters at Kheda, Gujarat and on which the company is planning to set up a manufacturing unit for Solar PV modules/panels. The Company has already executed an agreement to sell for the acquis
Contact Details
Bright Solar Ltd. AddressC-1103, Titanium SquareThaltej Circle, S G HighwayThaltejAhmedabad, Gujarat, 380059+91 - 79 - 4892 6868compliance@brightsolar.co.inVisit Website