Bright Solar IPO Dates, Price Band, Market Lot, Allotment & Review

Bright Solar Ltd is incorporated in 2010 based in Gujarat. Another solar power company from Gujarat comes with SME IPO. The company is assembling DC/AC solar pumps and solar pump systems. They have registered brand name like PUMPMAN, BRIGHT SOLAR, BRIGHT SOLAR WATER PUMP. They take contract which include supply, installation and maintenance of pump system. They are in a plan to acquire land in Kheda to establish manufacturing unit of Solar PV Modules and Panels. They also plan to setup water treatment plant assembling unit in Patna, Bihar. Bright Solar ipo is starting from 26-June and ends on 29-June. The price band is around Rs.36 with 3000 market lot. The ipo size is around 19.44 crore rupees.

IPO Review:

• Risky

Bright Solar IPO Dates & Price Band:

• IPO Open: 26-June-2018
• IPO Close: 29-June-2018
• IPO Size: Approx Rs 19.44 Crore
• Face Value: Rs.10 Per Equity Share
• Price Band: Rs.36 Per Equity Share
• Listing on: NSE SME
• Shares: 5,400,000
• Retail Portion: 50%

IPO Market Lot:

• Shares: Apply for 3,000 Shares (Minimum Lot Size)
• Amount: Rs.1,08,000

IPO Allotment & Listing:

• Basis of Allotment: 05-July-2018
• Refunds: 06-July-2018
• Credit to demat accounts: 09-July-2018
• Listing: 10-July-2018

Financial Results:

Rs. in Crore
	Revenue	Expense	PAT
2013	22.4	21.9	0.4
2014	28.5	27.7	0.5
2015	47.8	44.9	2.0
2016	15.5	14.4	0.7
2017	18.1	15.6	1.7
2018 (10M)	28.3	20.9	5.3