Solex Energy Limited IPO (Solex Energy IPO) Detail

Jan 22, 2018 - Jan 25, 2018

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 Pump (AC & DC), Solar Surface Pump (DC). Company also provides solution for solar roof top system, solar home and rural lighting system, solar power pack and solar power plant.

Company Promoters:

Mr. Kalpeshkumar Ramanbhai Patel is the Promoter of the Company.

Objects of the Issue:

The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses

Solex Energy IPO Details

IPO Opening Date Jan 22, 2018
IPO Closing Date Jan 25, 2018
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹52 per equity share
Market Lot 2000 Shares
Min Order Quantity 2000 Shares
Listing At NSE SME
Issue Size1,380,000 Eq Shares of ₹10
(aggregating up to ₹7.18 Cr)

Solex Energy IPO Lot Size

The Solex Energy IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹104,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 2000 ₹104,000
Maximum 1 2000 ₹104,000

Solex Energy IPO Subscription Status (Bidding Detail)

The Solex Energy IPO is subscribed 20.21 times on Jan 25, 2018 17:00. The public issue subscribed 24.91 in the retail category, in the QIB category, and 15.40 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)






Solex Energy IPO Prospectus

Solex Energy IPO Rating

Rating:Rated 4.2 stars
Vote Here ...

Solex Energy IPO Listing Date

Listing Date Monday, February 5, 2018
BSE Script Code
Listing In
ISIN INE880Y01017
IPO Price ₹52 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price: ₹52.00
Open: ₹43.50
Low: ₹42.00
High: ₹52.20
Last Trade: ₹51.20

Company Contact Information

Solex Energy Limited
Plot No. 131/A, Phase 1, Nr. Krimy Industries,
GIDC, Vithal Udyognagar,
Anand 388121
Phone: +91-2692-230317

Solex Energy IPO Registrar

Skyline Financial Services Private Ltd

Phone: +91 - 11 - 2681

Solex Energy IPO Reviews / Ratings

Solex Energy IPO FAQs

Solex Energy IPO is a SME IPO of 1,380,000 equity shares of the face value of ₹10 aggregating up to ₹7.18 Crores. The issue is priced at ₹52 per equity share. The minimum order quantity is 2000 Shares.

The IPO opens on Jan 22, 2018, and closes on Jan 25, 2018.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Solex Energy IPO opens on Jan 22, 2018 and closes on Jan 25, 2018.

Solex Energy IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.

You can apply in Solex Energy 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 Solex Energy IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Solex Energy IPO allotment status.

The Solex Energy IPO listing date is on Monday, February 5, 2018.

Solex Energy IPO Message Board

Ranked Members  Ranked Members

43. patelchirag |Mar 19, 2018 17:12
Price varies near to 48 and nearly 100% delivery trades since last long.
What can be future price prediction, expert please share view for Solex.
42. NRNI |Feb 18, 2018 11:08
Solex Energy Limited has informed the Exchange regarding ''Company got tender order form Chattisgarh Renewable Energy Development Agency (CREDA) for Rs. 60,000,000 and from Jharkhand Renewable Energy Development Agency for Rs. 50,930,314.

Share Price will start ramp-up
41. SecTheta |Feb 5, 2018 22:06
Check the bulk deals and you will understand the game played by LM and Promoter... Stay away from this.. Both the LM and Promoters seem non-investor friendly...
41.2. SecTheta |Feb 12, 2018 10:18
Bhai, maine mana kiya tha pehle hee...
Anyways agar fanse huye ho to leke baithe raho.. Yeh UPAR jaayega and will give you +ve returns for sure.. Kab jayega? Yeh kehna mushkil hai abhi.. Wait patiently..
41.3. Subject to sauda |Feb 12, 2018 10:24
Thank you sec thetaji..
40. patelchirag |Feb 5, 2018 14:44
Closed near to issue price in such market condition. Good.
40.1. IPOfanBOY |Feb 5, 2018 17:45
very true
39. IpoMarketExpert |Jan 30, 2018 16:53
This is good long term story.
Product Market place is right along.
Management is good.

39.4. IPOBeginner |Feb 5, 2018 08:11
I have already mailed them and said Instructions to banks already sent before day of Allotment mostly today will be done.
39.5. IpoMarketExpert |Feb 5, 2018 13:48
I have not received any lot . But the story is good for long term.
38. IPOBeginner |Feb 5, 2018 08:20
Listed @ 44/-
38.1. coolaks |Feb 5, 2018 09:04
I had apply thank god i did not got any allotment.
37. patelchirag |Feb 5, 2018 05:08
Listing expected @ 55
36. Harish kumar kumar |Feb 4, 2018 19:55
Alotted 1 out of 6
35. Subject to sauda |Feb 4, 2018 14:12
5th feb
34. Subject to sauda |Feb 3, 2018 22:42
1 UC may b possible according to hni subscription
34.1. patelchirag |Feb 3, 2018 23:40
What is the listing date?
33. IPOfanBOY |Feb 2, 2018 12:08
5th feb
32. Umang and his ultrasonic uproar |Jan 25, 2018 17:37
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Again RII subscription is more than HNI,
so it is dangerous sign. Fingers crossed.
I haven''t applied in this SME.
32.1. Subject to sauda |Feb 1, 2018 22:29
Listing kb hai??
32.2. Subject to sauda |Feb 2, 2018 15:05
Kya lag raha hai apko solex me positive listing hoga ki negative.... Kindly give your opinion
31. IPOfanBOY |Feb 1, 2018 19:09
when is the listing
30. Harish kumar kumar |Jan 31, 2018 21:04
Latest premium? ?
30.1. deeps |Jan 31, 2018 21:18
8000 Rs are showing.....
30.2. deeps |Jan 31, 2018 21:20
I hope budget is favorable for solar business so listed on Good price.
29. Hiteshji |Jan 31, 2018 19:02
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
29.2. deeps |Jan 31, 2018 21:00
Allotted one what is latest GMP & hold or sell....I am new in SME IPO can i sell 50% on listing day & whole remaining....Thanks....
29.3. Harish kumar kumar |Jan 31, 2018 21:02
You don''t sell 50%.
Min. 1 lot required for sale
28. Suresh kumar gupta |Jan 31, 2018 19:26
Alloted 1/3
27. VINAYERH |Jan 31, 2018 19:17
Alloted 0/1 lot
26. IPOBeginner |Jan 31, 2018 19:05
Not Allotted. Thank God.
25. Suresh kumar gupta |Jan 31, 2018 18:29
When is allotment?
24. coolaks |Jan 31, 2018 14:32
Has anyoneg got allotment? check on Skyline financial services ltd registrat not showing status.