Solex Energy Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

22 Jan 2018

Close Date

25 Jan 2018

Allotment

31 Jan 2018

Listing Date

05 Feb 2018

Exchange

NSE SME

Price Band

₹52

Listing Price

See chart

Allotment Status

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Price Band

₹52

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

13,80,000 shares (aggregating up to ₹7.18 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹104,000

1 lot

Pre-IPO Holding

35,60,000 shares

Promoters

Post-IPO Holding

49,40,000 shares

Promoters

UPI Deadline

2018-01-25

Mandate

Anchor AllotmentSun, 21 Jan 2018

Basis of AllotmentWed, 31 Jan 2018

Refund InitiationThu, 01 Feb 2018

Demat CreditThu, 01 Feb 2018

Listing DayMon, 05 Feb 2018

UPI Mandate Deadline2018-01-25

Sale TypeFresh Capital

Net Offer to Public13,08,000 shares (aggregating up to ₹6.80 Cr)

Market Maker Quota72,000 shares (aggregating up to ₹0.3744 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Solex Energy Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 25 Jan 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	72,000	—	₹0.37
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,380,000	100%	₹7.18

IPO Shares Offered

Solex Energy Ltd. IPO total issue size: ₹7.18 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	72,000	₹0.37	5.22%
Total	1,380,000	₹7.18	100.00%

* Based on upper price band ₹52 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹52.00

Upper Band

Min Investment

₹104,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹208,000
Retail (Max — 13 Lots)	13	26,000	₹1,352,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,456,000
B-HNI (Min — 68 Lots)	68	136,000	₹7,072,000

* Issue Price ₹52 × Lot Size 2,000 shares

IPO Schedule

Anchor

21 Jan 2018

✓ Done

IPO Open

22 Jan 2018

✓ Done

IPO Close

25 Jan 2018

✓ Done

Allotment

31 Jan 2018

✓ Done

Refunds

01 Feb 2018

✓ Done

Demat Credit

01 Feb 2018

✓ Done

Listing Day

05 Feb 2018

✓ Done

₹52.00

INR · NSE

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Issue ₹52.00 Live Price

About Solex Energy Ltd.

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

1 To Meet Working Capital Requirement

2 Public Issue Expenses

3 General Corporate Expenses

Solex Energy Ltd. Financials (Amount in Rs Cr)

Revenue from Operations

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Profit After Tax (PAT)

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Particulars	FY 2024-25	FY 2023-24	FY 2022-23
Revenue from Operations	N/A	N/A	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	N/A	N/A	N/A
Net Worth	N/A	N/A	N/A
Total Assets	N/A	N/A	N/A
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Financial data will be published once DRHP/RHP is filed with SEBI.

Issue Structure & Shareholding

Total Shares Offered13,80,000 (100.00%)

Net Offer to Public13,08,000 shares (aggregating up to ₹6.80 Cr)

Reserved for Market Maker72,000 shares (aggregating up to ₹0.3744 Cr)

Pre-Issue Promoter Holding35,60,000 shares

Post-Issue Promoter Holding49,40,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd.

02228511022

virenr@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Swastika Investmart Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Solex Energy Ltd. IPO subscribed? ▲

Solex Energy Ltd. IPO is subscribed 1.00 times by Jan 25, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Solex Energy Ltd. IPO retail subscription status? ▼

The Solex Energy Ltd. IPO retail category is subscribed 1.00 times as of 25 Jan 2018. The retail portion is oversubscribed.

How to subscribe Solex Energy Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 22 Jan 2018 and closes 25 Jan 2018. Min investment: ₹104,000 (1 lot = 2,000 shares). UPI mandate: 2018-01-25.

How many times Solex Energy Ltd. IPO subscribed? ▼

The Solex Energy Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Solex Energy Ltd. IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd.) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 31 Jan 2018. Refunds: on 01 Feb 2018.

When Solex Energy Ltd. IPO will be listed? ▼

The Solex Energy Ltd. IPO listing date is 05 Feb 2018, Monday. Listed on: NSE SME. Issue price: ₹52. Estimated listing: ₹52. GMP: NIL.

When Solex Energy Ltd. IPO close? ▼

The Solex Energy Ltd. IPO closes on 25 Jan 2018, Thursday. UPI mandate: 2018-01-25. Allotment: 31 Jan 2018. Listing: 05 Feb 2018.

Quick Actions

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Live Price LIVE

Last Price₹52.00

Change—

Issue Price₹52.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹52

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹104,000

GMPNIL

Est. Listing₹52

Subscribed1.00x

Open Date22 Jan 2018

Close Date25 Jan 2018

Allotment31 Jan 2018

Listing Date05 Feb 2018

ExchangeNSE SME

UPI Deadline2018-01-25