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| 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 subscribed 1.85 times. The public issue subscribed 1.49 times in the retail category, [.] times in QIB, and 2.21 times in the NII category by Jun 29, 2018.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | [.] |
| Non-Institutional Buyers | 2.21 |
| Retail Investors | 1.49 |
| Employees | [.] |
| Others | [.] |
| Total | 1.85 |
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1 | 0.06 | 0.09 | 0.07 |
Day 2 | 0.20 | 0.36 | 0.28 |
Day 3 | 1.41 | 0.59 | 1.00 |
Day 4 | 2.21 | 1.49 | 1.85 |
Bright Solar IPO is a public issue of 5,130,000 equity shares. The issue offers 2,565,000 shares to retail investors, 0 shares to qualified institutional buyers, and 2,565,000 shares to non-institutional investors.
| Category | Shares Offered | % |
|---|---|---|
| NII | 2,565,000 | 50.00% |
| Retail | 2,565,000 | 50.00% |
| Total | 5,130,000 | 100% |
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.
The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the IPO.
The Bright Solar IPO is subscribed 1.85 by Jun 29, 2018.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | [.] |
| Non Institutional | 2.21 |
| Retail Individual | 1.49 |
| Employee Reservations | [.] |
| Others | [.] |
| Total Subscription | 1.85 |
An investor can apply in Bright Solar IPO online via bank (using ASBA) or the broker (using UPI). The Bright Solar IPO shares are offered online only.
The Bright Solar IPO is subscribed 1.85 by Jun 29, 2018.
The Bright Solar IPO allotment status is expected on or around Jul 4, 2018. Visit Bright Solar IPO allotment status to check.
Visit Bright Solar IPO subscription status page for real-time bidding information about Bright Solar IPO.
| IPO Opens On | Jun 26, 2018 |
| IPO Closes On | Jun 29, 2018 |
| Finalisation of Basis of Allotment | Jul 4, 2018 |
| Initiation of Refunds | Jul 6, 2018 |
| Credit of Shares to Demat Account | Jul 6, 2018 |
| IPO Listing Date | Jul 9, 2018 |
Useful Articles
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
