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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.
The Promoter of the Company is Mr. Piyushkumar Thumar.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 3,309.49 | 2,212.31 | 3,892.34 | 818.82 | 1,978.49 | |
| Total Revenue | 1,812.99 | 1,547.06 | 4,784.25 | 2,846.13 | 2,239.93 | |
| Profit After Tax | 171.11 | 70.53 | 196.87 | 54.29 | 38.02 | |
The objects of the Issue are:
1. Acquisition of Land, its Registration, Stamping, and other charges
2. Working Capital,
3. General Corporate Purpose,
4. Issue Expenses.
| IPO Opening Date | Jun 26, 2018 |
| IPO Closing Date | Jun 29, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | 5,400,000 Eq Shares of ₹10 (aggregating up to ₹19.44 Cr) |
The Bright Solar IPO open date is Jun 26, 2018, and the close date is Jun 29, 2018. The issue may list on Jul 9, 2018.
| IPO Open Date | Jun 26, 2018 |
| IPO Close Date | Jun 29, 2018 |
| Basis of Allotment Date | Jul 4, 2018 |
| Initiation of Refunds | Jul 6, 2018 |
| Credit of Shares to Demat Account | Jul 6, 2018 |
| IPO Listing Date | Jul 9, 2018 |
The Bright Solar IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹108,000 |
| Maximum | 1 | 3000 | ₹108,000 |
The Bright Solar IPO is subscribed 1.85 times on Jun 29, 2018 17:00. The public issue subscribed 1.49 in the retail category, in the QIB category, and 2.21 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 2.21 |
| RII | 1.49 |
| Total | 1.85 |
| Listing Date | Monday, July 9, 2018 |
| BSE Script Code | |
| NSE Symbol | BRIGHT |
| Listing In | |
| ISIN | INE684Z01010 |
| IPO Price | ₹36 per equity share |
| Face Value | ₹10 per equity share |
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Bright Solar Limited
C-1103, Titanium Square,
Thaltej Circle, S G Highway,
Thaltej, Ahmedabad - 380 059
Phone: +91 - 79 - 4892 6868
Email: compliance@brightsolar.co.in
Website: http://www.brightsolar.in/
Alankit Assignments Ltd
Phone: (011) 4254 1234
Email: ipo@alankit.com
Website: https://www.alankit.com/
Bright Solar IPO is a SME IPO of 5,400,000 equity shares of the face value of ₹10 aggregating up to ₹19.44 Crores. The issue is priced at ₹36 per equity share. The minimum order quantity is 3000 Shares.
The IPO opens on Jun 26, 2018, and closes on Jun 29, 2018.
Alankit Assignments Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Bright Solar IPO opens on Jun 26, 2018 and closes on Jun 29, 2018.
Bright Solar IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
You can apply in Bright Solar IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Bright Solar IPO will be done on Jul 4, 2018, and the allotted shares will be credited to your demat account by Jul 6, 2018. Check the Bright Solar IPO allotment status.
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