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Open
22 Jan 2018
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Close
25 Jan 2018
3
Allotment
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Listing
Mon, Feb 5, 2018
Price Band
₹52 per share
Issue Size
13,80,000 shares (agg. up to ₹7 Cr)
Lot Size
2,000 Shares
Listing Date
Mon, Feb 5, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 18.84x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Jul 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 21.98 | 24.96 | 14.78 | 8.59 |
| Total Income | 6.35 | 34.50 | 46.62 | 6.37 |
| Profit After Tax | 0.31 | 0.92 | 0.39 | 0.10 |
| NET Worth | 3.93 | 3.62 | 1.98 | 0.92 |
| Reserves and Surplus | 1.71 | 1.40 | 0.48 | 0.10 |
| Total Borrowing | 2.54 | 0.85 | 3.53 | 3.66 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Servotech Power Systems Ltd. | SME | ₹15.13 Cr | ₹31 | null | ₹31.85 | +2.74% | ₹99.80 (+2.95%) |
| Jigar Cables Ltd. | SME | ₹5.59 Cr | ₹30 | null | ₹36.00 | +20.00% | ₹71.95 (+7.39%) |
| RMC Switchgears Ltd. | SME | ₹4.15 Cr | ₹27 | null | ₹32.40 | +20.00% | ₹291.65 (-0.64%) |
| Nitiraj Engineers Ltd. | SME | ₹22.01 Cr | ₹100 | null | ₹94.50 | -5.50% | ₹217.85 (+2.26%) |
Objects of the Issue
| # | 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 |
About Solex Energy IPO
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 Pum
Contact Details
Solex Energy Ltd. AddressPlot No.131/A, Phase 1, Nr.Krimy IndustriesGIDCVithal UdyognagarAnand, Gujarat, 388121+91-2692-230317info@solex.inVisit Website