Solex Energy Limited IPO Message Board (Page 2)

Ms. Ridhi Kalpeshkumar Patel, Non-Executive Director, Age: 19 Years

Ms. Ridhi Kalpeshkumar Patel aged 19 years, is the Non-Executive Director of our company. She is designated as Additional Director on the Board on dated October 14, 2017 and further designated as Non-Executive Director of the Company on October 24, 2017. She holds a passed certificate of Higher Secondary Education.

Bid Details for SOLEX as on 25-Jan-2018 17:00:00 IST

1      Qualified Institutional Buyers(QIBs)      66,000

2      Non Institutional Investors      1,00,72,000 = 15.50X (QIB + HNI)
2(a)      Corporates      6,56,000
2(b)      Individuals(Other than RIIs)      93,96,000
2(c)      others      20,000

3      Retail Individual Investors(RIIs)      1,62,94,000 = 24.91X

Total      2,64,32,000 = 19.15 X


Finalization of Basis of Allotment: 31 Jan 2018

Initiation of refunds: 01 Feb 2018

Transfer of shares to demat accounts: 02 Feb 2018

Listing Date: 05 Feb 2018


subject to 10000/-

      18.65X

AT 4PM
TOTAL 18.5
RETAIL 23 TIMES
QIB + HNI 15 TIMES (closed)

Overall       12.15X

AT 3 PM
TOTAL 9.5 TIMES
RETAIL 8 TIMES
QIB + HNI 2 TIMES

QIB also in.

Top Line: 6.37 cr. (FY15), Rs. 46.62 cr. (FY16), 34.50 cr (FY17), 6.35 cr (Till July 17)
Bottom Line: 0.10 cr (FY15), 0.39 cr. (FY16), 0.92 cr. (FY17), 0.31 cr. (Till July 17)

The only glitch is for FY 2017 in top line. Company quoted loss of sales is due to ''demonetization''. However profit went up in FY17. Company quoted this is due to ''cost cutting''.
The company quoted facts are legitimate which can be seen in results till july 17.
So in my opinion issue can be subscribed for long term gains.
What other experts say?

When is the allotment date and refund date? does anybody knows

applied 2

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4.82X

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8X

3.52X

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Pl friends, Can anyone help me know the usual basis of allotment for RII in SME? Is it same as main board listing? Thanks

Yesterday it was subscribed 1.75 times.Due to bad listing of all textile,some nervousness in some IPO.Two days remaining,may be subscribed 15 times

Please update today subscribe figure day2.

Better than others running today. Subject to 11K

PERFORMANCE OF THE COMPANY IS NOT CONSISTENT. SALES OF THE COMPANY HAS DECLINED IN 2017 WHERE AS THE BOTTOM LINE HAS INCREASED.FOR THE PERIOD 2017-18, COMPANY HAS GIVEN THE FIGURE OF SALES AND BOTTOM LINE FOR 4 MONTHS INSTEAD OF FULL HALF YEAR AND BOTTOM LINE APPEARS TO BE NOT IN LINE WITH PAST TREND. ISSUE IS AGGRESSIVELY PRICED. INDIVIDUAL MAY TAKE INVESTMENT DECISION TAKING INTO ACCOUNT HIS RISK APPETITE-RATING ASSIGNED IS --------------N E U T R A L---------------------------

Is it worth while to apply this SME IPO for listing gain,

which are the next SME IPOs in this months , which are best to apply for listing gain

Please any1 can tell GMP???

I will avoid this. Seems like another Zodiac to me. Same niche. Same pricing ... Same LM...etc

Is this SME IPO worth Applying, will it give good returns?

Or also Please name any other SME IPO name that I can apply in this January month.

Don''t go for it, we have seen what happened with zodiac energy. It''s an costly affair.

what would be return