✓
Open
9 Mar 2006
✓
Close
13 Mar 2006
3
Allotment
—
✓
Listing
Mon, Apr 3, 2006
Price Band
₹170 to ₹190
Issue Size
44,00,000 shares (agg. up to ₹84 Cr)
Listing Date
Mon, Apr 3, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 13.89x |
Restated Financials (₹ Cr.)
| 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 |
Objects of the Issue
| # | 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 |
| Total | 553.31 |
About Solar Explosives IPO
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.+ Read More
Contact Details
Solar Explosives Ltd. Address11, Zade LayoutBharat NagarNagpur, Maharashtra, 440033+91 7122561000investor.relations@solarexplosives.comVisit Website