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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.

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

Solex Energy IPO Date Jan 22, 2018 to Jan 25, 2018
Solex Energy IPO Face Value ₹10 per share
Solex Energy IPO Price ₹52 per share
Solex Energy IPO Lot Size 2000 Shares
Issue Size1,380,000 shares of ₹10
(aggregating up to ₹7.18 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

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

Solex Energy IPO Lot Size

The Solex Energy IPO 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
Retail (Min) 1 2000 ₹104,000
Retail (Max) 1 2000 ₹104,000

Solex Energy IPO Review

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 Jan 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)
NII15.40
Retail24.91
Total20.21

Solex Energy IPO Prospectus

Solex Energy IPO Rating

83
4.2
Rating:Rated 4.2 stars
Vote Here ...

Solex Energy IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
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
Email: info@solex.in
Website: http://solex.in/

Solex Energy IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/

Solex Energy IPO Review

Solex Energy IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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IPO Broker Recommendations

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 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 .

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.
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Solex Energy IPO Message Board

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69 Comments

43. patelchirag |   Link |Mar 19, 2018 5:12:20 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 |Feb 18, 2018 11:08:18 AM
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 |Feb 5, 2018 10:06:10 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 |Feb 12, 2018 10:18:13 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 |Feb 12, 2018 10:24:04 AM
Thank you sec thetaji..
40. patelchirag |   Link |Feb 5, 2018 2:44:51 PM
Closed near to issue price in such market condition. Good.
40.1. IPOfanBOY |   Link |Feb 5, 2018 5:45:41 PM
very true
39. IpoMarketExpert |   Link |Jan 30, 2018 4:53:46 PM
This is good long term story.
Product Market place is right along.
Management is good.

39.4. IPOBeginner |   Link |Feb 5, 2018 8:11:10 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 |Feb 5, 2018 1:48:21 PM
I have not received any lot . But the story is good for long term.
38. IPOBeginner |   Link |Feb 5, 2018 8:20:32 AM
Listed @ 44/-
38.1. coolaks |   Link |Feb 5, 2018 9:04:08 AM
I had apply thank god i did not got any allotment.
37. patelchirag |   Link |Feb 5, 2018 5:08:13 AM
Listing expected @ 55
36. Harish kumar kumar |   Link |Feb 4, 2018 7:55:57 PM
Alotted 1 out of 6
35. Subject to sauda |   Link |Feb 4, 2018 2:12:49 PM
5th feb
34. Subject to sauda |   Link |Feb 3, 2018 10:42:16 PM
1 UC may b possible according to hni subscription
34.1. patelchirag |   Link |Feb 3, 2018 11:40:49 PM
What is the listing date?
33. IPOfanBOY |   Link |Feb 2, 2018 12:08:27 PM
5th feb
32. Umang and his ultrasonic uproar |   Link |Jan 25, 2018 5:37:21 PM
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 |   Link |Feb 1, 2018 10:29:33 PM
Listing kb hai??
32.2. Subject to sauda |   Link |Feb 2, 2018 3:05:33 PM
Kya lag raha hai apko solex me positive listing hoga ki negative.... Kindly give your opinion
31. IPOfanBOY |   Link |Feb 1, 2018 7:09:57 PM
when is the listing
30. Harish kumar kumar |   Link |Jan 31, 2018 9:04:22 PM
Latest premium? ?
30.1. deeps |   Link |Jan 31, 2018 9:18:42 PM
8000 Rs are showing.....
30.2. deeps |   Link |Jan 31, 2018 9:20:40 PM
I hope budget is favorable for solar business so listed on Good price.
29. Hiteshji |   Link |Jan 31, 2018 7:02:52 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
IPO ALLOTMENT STATUS IS AVAILABLE. BEST OF LUCK GUY''S........
29.2. deeps |   Link |Jan 31, 2018 9:00:19 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 |Jan 31, 2018 9:02:46 PM
You don''t sell 50%.
Min. 1 lot required for sale
28. Suresh kumar gupta |   Link |Jan 31, 2018 7:26:41 PM
Alloted 1/3
27. VINAYERH |   Link |Jan 31, 2018 7:17:33 PM
Alloted 0/1 lot
26. IPOBeginner |   Link |Jan 31, 2018 7:05:52 PM
Not Allotted. Thank God.
25. Suresh kumar gupta |   Link |Jan 31, 2018 6:29:31 PM
When is allotment?
24. coolaks |   Link |Jan 31, 2018 2:32:44 PM
Has anyoneg got allotment? check on Skyline financial services ltd registrat not showing status.