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)|
|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.
|Issue Open||Jun 26, 2018 - Jun 29, 2018|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||5,400,000 Eq Shares of Rs 10 |
(aggregating up to Rs 19.44 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 36 Per Equity Share|
|Market Lot||3000 Shares|
|Min Order Quantity||3000 Shares|
|Listing At||NSE SME|
|Bid/Offer Opens On||Jun 26, 2018|
|Bid/Offer Closes On||Jun 29, 2018|
|Finalisation of Basis of Allotment||Jul 4, 2018|
|Initiation of Refunds||Jul 6, 2018|
|Credit of Shares to Demat Acct:||Jul 6, 2018|
|IPO Shares Listing Date:||Jul 9, 2018|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
Jun 29, 2018 17:00
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