₹4.60 Crores | Listing at NSE | Mon, Apr 3, 2023 - Mon, Apr 10, 2023
Bright Solar Limited Rights Issue comprises 0.4599 Cr equity shares aggregating to ₹4.60 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Feb 6, 2023.
The term of payment is defined as following : The full amount of the Issue Price is payable on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Apr 3, 2023, and closes on Apr 10, 2023, with renunciation of Rights Entitlements permitted up to Apr 6, 2023.
The deemed date of allotment is Apr 17, 2023, following which the equity shares are expected to be credited to demat accounts on Apr 20, 2023 and listed at the NSE on Apr 28, 2023.
Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Bright Solar Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Feb 6, 2023
Entitlement Ratio
:
Open Date
Mon, Apr 3, 2023
Close Date
Mon, Apr 10, 2023
The full amount of the Issue Price is payable on Application.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 50.37 | 24.78 | 0.18 |
| 31-Mar-22 | 40.90 | 7.49 | -7.37 |
| Amount in ₹ Crore | |||
Incorporated in 2010, Bright Solar Limited is engaged in the developing, manufacturing and selling high-quality products that run on the clean and cost-friendly solar energy. They are among the innovation-driven entities striving at creating solar-powered water pumping mechanisms which not only serve the customers efficiently, but are also good for the environment.
The products of Bright Solar Limited are:
The Company intends to utilize the proceeds raised through the issue towards funding the incremental working capital requirements of the company.
[Dilip Davda] Though this RI is at par, BSL’s financial performance is listless. The company has failed to maintain investors' confidence in its maiden IPO. There is no harm in skipping this at-par bet as it’s a high-risk/no-return bet. Read detail review...
Bright Solar Limited
Bright Solar Limited C-103,
Titanium Square, Thaltej Circle, S.G.Highway,
Ahmedabad - 380059
Ahmedabad, Gujarat, 380059
Skyline Financial Services Pvt.Ltd.
The Bright Solar Rights Issue 2023 opens on Mon, Apr 3, 2023, and closes on Mon, Apr 10, 2023.
Bright Solar Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Thu, Apr 6, 2023 |
| Issue Opening Date | Mon, Apr 3, 2023 |
| Issue Closing Date | Mon, Apr 10, 2023 |
| Date of Allotment (on or about) | Mon, Apr 17, 2023 |
| Date of Credit (on or about) | Thu, Apr 20, 2023 |
| Date of Listing (on or about) | Fri, Apr 28, 2023 |
You can apply for Bright Solar Rights Issue 2023 in two ways:
Steps to apply for Bright Solar Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Bright Solar Rights Issue 2023 using Registrar's website (R-WAP)
