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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.
Mr. Kalpeshkumar Ramanbhai Patel is the Promoter of the Company.
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
| 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 Size | 1,380,000 Eq Shares of ₹10 (aggregating up to ₹7.18 Cr) |
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 |
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)
| Category | Subscription (times) |
|---|---|
| NII | 15.40 |
| RII | 24.91 |
| Total | 20.21 |
| Listing Date | Monday, February 5, 2018 |
| BSE Script Code | |
| NSE Symbol | SOLEX |
| Listing In | |
| ISIN | INE880Y01017 |
| IPO Price | ₹52 per equity share |
| Face Value | ₹10 per equity share |
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Solex Energy Limited
Plot No. 131/A, Phase 1, Nr. Krimy Industries,
GIDC, Vithal Udyognagar,
Anand 388121
Phone: +91-2692-230317
Email: info@solex.in
Website: http://solex.in/
Skyline Financial Services Private Ltd
Phone: +91 - 11 - 2681
Email: virenr@skylinerta.com
Website: http://www.skylinerta.com
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.
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What can be future price prediction, expert please share view for Solex.