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Bright Solar Ltd.

Bright Solar Ltd.

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹36
₹36
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹36
Based on GMP
Min. Investment
₹108,000
1 lot × 3000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
26 Jun 2018
Close Date
29 Jun 2018
Allotment
04 Jul 2018
Listing Date
09 Jul 2018
Exchange
NSE SME
Price Band
₹36
Listing Price
See chart
Allotment Status
Price Band
₹36
Per share
Face Value
₹10 per share
 
Lot Size
3,000 Shares
per lot
Issue Size
54,00,000 shares (aggregating up to ₹19.44 Cr)
Total offering
Issue Type
Fixed Price IPO
 
Min Investment
₹108,000
1 lot
Pre-IPO Holding
1,50,00,000 shares
Promoters
Post-IPO Holding
2,04,00,000 shares
Promoters
UPI Deadline
2018-06-29
Mandate
Anchor AllotmentMon, 25 Jun 2018
Basis of AllotmentWed, 04 Jul 2018
Refund InitiationFri, 06 Jul 2018
Demat CreditFri, 06 Jul 2018
Listing DayMon, 09 Jul 2018
UPI Mandate Deadline2018-06-29
Sale TypeFresh Capital
Net Offer to Public51,30,000 shares (aggregating up to ₹18.47 Cr)
Market Maker Quota2,70,000 shares (aggregating up to ₹0.9720 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Bright Solar Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 Jun 2018.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
270,000
₹0.97
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
5,400,000
100% ₹19.44
IPO Shares Offered
Bright Solar Ltd. IPO total issue size: ₹19.44 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 270,000 ₹0.97
5.00%
Total 5,400,000 ₹19.44
100.00%
* Based on upper price band ₹36 per share
Lot Size & Investment
Lot Size
3,000
Shares per Lot
Issue Price
₹36.00
Upper Band
Min Investment
₹108,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)26,000₹216,000
Retail (Max — 13 Lots)1339,000₹1,404,000
S-HNI (Min — 14 Lots)1442,000₹1,512,000
B-HNI (Min — 68 Lots)68204,000₹7,344,000
* Issue Price ₹36 × Lot Size 3,000 shares
IPO Schedule
Anchor
25 Jun 2018
✓ Done
IPO Open
26 Jun 2018
✓ Done
IPO Close
29 Jun 2018
✓ Done
Allotment
04 Jul 2018
✓ Done
Refunds
06 Jul 2018
✓ Done
Demat Credit
06 Jul 2018
✓ Done
Listing Day
09 Jul 2018
✓ Done
Bright Solar Ltd. — Live Price LIVE
₹36.00
INR · NSE
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Issue ₹36.00 Live Price
About Bright Solar Ltd.
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 acquisition of land. It is also planning to set up a water treatment plant assembling unit at Patna (Bihar).To sum up, Bright Solar is into assembling of DC/AC Solar Pumps and Solar Pump Systems, EPC contracts of Solar Photovoltaic Water pumps, consulting of Projects and tenders, Water supply and Sewerages Infra Project. The company is planning to commence Solar Module manufacturing and water treatment plant assembling unit.The company has 18 permanent employees on its payroll.
Objects of the Issue
1
1 Acquisition of Land, its Registration, Stamping and other chargesfor setting up Solar PV Modules/Panelsmanufacturing unit
2
2 Working Capital requirements
3
3 General Corporate Purpose
Bright Solar Ltd. Financials (Amount in Lakhs)
Revenue from Operations
₹4,784.3
31-Mar-15
₹1,547.1
31-Mar-16
₹1,813.0
31-Mar-17
Profit After Tax (PAT)
₹196.9
31-Mar-15
₹70.5
31-Mar-16
₹171.1
31-Mar-17
Particulars31-Mar-1731-Mar-1631-Mar-15
Revenue from Operations 1812.99 1547.06 4784.25
EBITDA N/A N/A N/A
Profit After Tax (PAT) 171.11 70.53 196.87
Net Worth N/A N/A N/A
Total Assets 3309.49 2212.31 3892.34
Reserves & Surplus N/A N/A N/A
Borrowings N/A N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) N/A
Issue Structure & Shareholding
Total Shares Offered54,00,000 (100.00%)
Net Offer to Public51,30,000 shares (aggregating up to ₹18.47 Cr)
Reserved for Market Maker2,70,000 shares (aggregating up to ₹0.9720 Cr)
Pre-Issue Promoter Holding1,50,00,000 shares
Post-Issue Promoter Holding2,04,00,000 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Swastika Investmart Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Bright Solar Ltd. IPO subscribed?

Bright Solar Ltd. IPO is subscribed 1.00 times by Jun 29, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Bright Solar Ltd. IPO retail subscription status?

The Bright Solar Ltd. IPO retail category is subscribed 1.00 times as of 29 Jun 2018. The retail portion is oversubscribed.

How to subscribe Bright Solar Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 26 Jun 2018 and closes 29 Jun 2018. Min investment: ₹108,000 (1 lot = 3,000 shares). UPI mandate: 2018-06-29.

How many times Bright Solar Ltd. IPO subscribed?

The Bright Solar Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Bright Solar Ltd. IPO allotment?

Check allotment on the registrar website (Alankit Assignments Ltd.) at http://ipo.alankit.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 04 Jul 2018. Refunds: on 06 Jul 2018.

When Bright Solar Ltd. IPO will be listed?

The Bright Solar Ltd. IPO listing date is 09 Jul 2018, Monday. Listed on: NSE SME. Issue price: ₹36. Estimated listing: ₹36. GMP: NIL.

When Bright Solar Ltd. IPO close?

The Bright Solar Ltd. IPO closes on 29 Jun 2018, Friday. UPI mandate: 2018-06-29. Allotment: 04 Jul 2018. Listing: 09 Jul 2018.