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Solex Energy Limited IPO (Solex Energy IPO) Detail

January 22, 2018 - January 25, 2018

Solex Energy IPO is a fixed price issue of Rs 7.18 crores.

Solex Energy IPO bidding started from January 22, 2018 and ended on January 25, 2018. The shares got listed on NSE SME on February 5, 2018.

Solex Energy IPO price is ₹52 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹104,000.

Swastika Investmart Ltd is the book running lead manager of the Solex Energy IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.

Refer to Solex Energy IPO RHP for detailed information.

Solex Energy IPO Details

IPO Date January 22, 2018 to January 25, 2018
Listing Date February 5, 2018
Face Value ₹10 per share
Price ₹52 per share
Lot Size 2000 Shares
Total Issue Size1,380,000 shares
(aggregating up to ₹7.18 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion72,000 shares

Solex Energy IPO Reservation

Solex Energy IPO offers 1,452,000 shares. 654,000 (45.04%) to NII, 654,000 (45.04%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered72,000 (4.96%)
Other Shares Offered654,000 (45.04%)
Retail Shares Offered654,000 (45.04%)
Other Shares Offered72,000 (4.96%)
Total Shares Offered1,452,000 (100%)

Solex Energy IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹104,000
Retail (Max) 1 2000 ₹104,000
Lot Size Calculator

About Solex Energy Limited

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.

Objects of the Issue (Solex Energy IPO Objectives)

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 Review (May apply)

[Dilip Davda]  Considering highly priced offer, cash surplus risk savvy investors may consider moderate investment for long term. (Other – apply at your own risk). Read detail review...

Solex Energy IPO Subscription Status (Bidding Detail)

The Solex Energy IPO is subscribed 20.21 times on January 25, 2018 5:00:00 PM. The public issue subscribed 24.91 times in the retail category, times in the QIB category, and 15.40 times 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
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Solex Energy IPO Listing Details

Listing Date February 5, 2018
BSE Script Code
ISIN INE880Y01017
Final Issue Price ₹52 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Solex Energy Limited Contact Details

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: 02228511022

Solex Energy IPO - Buy or Not

Solex Energy IPO Recommendation Summary

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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 share. The minimum order quantity is 2000 Shares.

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

Solex Energy IPO lot size is 2000 Shares, and the minimum amount required is ₹104,000.

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, Nuvama, 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 February 5, 2018.
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Solex Energy IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



43. patelchirag |   Link |March 19, 2018 6:12:20 PM
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 |   Link |February 18, 2018 12:08:18 PM
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 |   Link |February 5, 2018 11:06:10 PM
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 |   Link |February 12, 2018 11:18:13 AM
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 |   Link |February 12, 2018 11:24:04 AM
Thank you sec thetaji..
40. patelchirag |   Link |February 5, 2018 3:44:51 PM
Closed near to issue price in such market condition. Good.
40.1. IPOfanBOY |   Link |February 5, 2018 6:45:41 PM
very true
39. IpoMarketExpert |   Link |January 30, 2018 5:53:46 PM
This is good long term story.
Product Market place is right along.
Management is good.

39.4. IPOBeginner |   Link |February 5, 2018 9:11:10 AM
I have already mailed them and said Instructions to banks already sent before day of Allotment mostly today will be done.
39.5. IpoMarketExpert |   Link |February 5, 2018 2:48:21 PM
I have not received any lot . But the story is good for long term.
38. IPOBeginner |   Link |February 5, 2018 9:20:32 AM
Listed @ 44/-
38.1. coolaks |   Link |February 5, 2018 10:04:08 AM
I had apply thank god i did not got any allotment.
37. patelchirag |   Link |February 5, 2018 6:08:13 AM
Listing expected @ 55
36. Harish kumar kumar |   Link |February 4, 2018 8:55:57 PM
Alotted 1 out of 6
35. Subject to sauda |   Link |February 4, 2018 3:12:49 PM
5th feb
34. Subject to sauda |   Link |February 3, 2018 11:42:16 PM
1 UC may b possible according to hni subscription
34.1. patelchirag |   Link |February 4, 2018 12:40:49 AM
What is the listing date?
33. IPOfanBOY |   Link |February 2, 2018 1:08:27 PM
5th feb
32. Umang and his ultrasonic uproar |   Link |January 25, 2018 6:37:21 PM
IPO Mentor IPO Mentor (800+ Posts, 600+ 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 |   Link |February 1, 2018 11:29:33 PM
Listing kb hai??
32.2. Subject to sauda |   Link |February 2, 2018 4:05:33 PM
Kya lag raha hai apko solex me positive listing hoga ki negative.... Kindly give your opinion
31. IPOfanBOY |   Link |February 1, 2018 8:09:57 PM
when is the listing
30. Harish kumar kumar |   Link |January 31, 2018 10:04:22 PM
Latest premium? ?
30.1. deeps |   Link |January 31, 2018 10:18:42 PM
8000 Rs are showing.....
30.2. deeps |   Link |January 31, 2018 10:20:40 PM
I hope budget is favorable for solar business so listed on Good price.
29. Hiteshji |   Link |January 31, 2018 8:02:52 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
29.2. deeps |   Link |January 31, 2018 10:00:19 PM
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 |   Link |January 31, 2018 10:02:46 PM
You don''t sell 50%.
Min. 1 lot required for sale
28. Suresh kumar gupta |   Link |January 31, 2018 8:26:41 PM
Alloted 1/3
27. VINAYERH |   Link |January 31, 2018 8:17:33 PM
Alloted 0/1 lot
26. IPOBeginner |   Link |January 31, 2018 8:05:52 PM
Not Allotted. Thank God.
25. Suresh kumar gupta |   Link |January 31, 2018 7:29:31 PM
When is allotment?
24. coolaks |   Link |January 31, 2018 3:32:44 PM
Has anyoneg got allotment? check on Skyline financial services ltd registrat not showing status.