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Bright Solar IPO Details

Issue Open Jun 26, 2018
Issue Close Jun 29, 2018
IPO Price ₹36
Face Value ₹10
IPO Size ₹19.44 Cr
Listing At NSE SME
IPO Lot Size 3000

Bright Solar IPO Schedule

  • Bid/Offer Opens On: Jun 26, 2018
  • Bid/Offer Closes On: Jun 29, 2018
  • Finalization of Basis of Allotment: Jul 4, 2018
  • Initiation of refunds: Jul 6, 2018
  • Credit of Equity Shares: Jul 6, 2018
  • Listing Date: Jul 9, 2018

Check Bright Solar IPO allotment status online by clicking the button below. If you have difficulties finding the Bright Solar Limited IPO allotment status, please visit the website of the IPO registrar.

Note: Registrar of the Bright Solar IPO is responsible for IPO allotment. Please contact the registrar with any quires related to stock allocation or refund related problems. To understand the allocation of shares for Bright Solar Limited IPO, check the 'basis of allotment' document.

Bright Solar IPO Allotment FAQs

The Bright Solar IPO allotment status will be available on Jul 4, 2018, as per the timeline provided in the red-herring prospectus.

Below are the steps to check Bright Solar IPO allotment status online:

  • Visit the Bright Solar IPO allotment status page.
  • Click on the green Bright Solar IPO Allotment Status.
  • Enter either PAN number, Application Number or DP Client ID of the demat account to check the Bright Solar IPO allotment status.
  • Click Search.

Note: The disabled button shows that the allotment is not yet available online.

The allotment result looks like as below:

  • PAN No.: AHMLK1898J
  • Application No.: RL041213805307
  • Name: Mr. Rajveer Singh
  • Shares Applied: 40
  • Shares Allotted: 40

The expected listing price of Bright Solar IPO depends on many factors including demand, nature of the business, market environment and state of the economy. The Bright Solar IPO grey market premium gives some hint but the actual listing price is difficult to guess.

Bright Solar IPO allotment status is expected on Jul 4, 2018. Click the green button Bright Solar IPO Allotment Status above to check the allotment. Note the button remains to disable until the allotment is available online.

If Bright Solar IPO oversubscribed in the retail category, the Bright Solar IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion. If enough shares are not available, a lottery is drawn to choose the investors.

The Bright Solar IPO shares will get listed on Monday, July 9, 2018. The equity share of Bright Solar Limited will list on NSE SME.

The reason you didn't get the Bright Solar IPO could be:

  • IPO become oversubscribed and allotment process is completed through a lottery
  • The IPO application got rejected due to mismatch/incomplete information
  • The issue price is higher than the bid price. (Always apply on cut-off price).

The Bright Solar IPO will open for bidding on Jun 26, 2018. The IPO application closes on Jun 29, 2018.