Bright Solar Limited, founded in 2010, is committed to producing, manufacturing, and marketing high-quality products powered by clean and cost-effective solar energy.
They are among the forward-thinking companies working to develop solar-powered water pumping systems that not only serve clients well but are also beneficial to the environment. The products of Bright Solar Limited are:
- Solar Water Pump Systems
- DC Solar Pumps
- AC Solar Pumps
- Solar Pumping Controller – Inverter
- Solar Panel/Modules
- Bright Solar Mart
- Solar Rooftops
Objects of the Issue:
The Company intends to utilize the proceeds raised through the issue towards funding the incremental working capital requirements of the company.
Bright Solar Rights Issue 2023 Detail
| Issue Open | Apr 3, 2023 – Apr 10, 2023 |
| Security Name | Bright Solar Limited |
| Issue Size (Shares) | 4,599,000 |
| Issue Size (Amount) | ₹4.60 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | NSE |
| Terms of Payment | The full amount of the Issue Price is payable on Application. |
| Entitlement | 2 Equity Share for every 9 fully paid-up Equity Share held on the Record Date |
Bright Solar Rights Issue 2023 Issue Timetable
| Record Date | Feb 6, 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | Apr 3, 2023 |
| Renunciation of Rights Entitlements | Apr 6, 2023 |
| Bid/Offer Closes On | Apr 10, 2023 |
| Deemed Date of Allotment | Apr 17, 2023 |
| Credit Date | Apr 20, 2023 |
| Listing Date | Apr 28, 2023 |
Bright Solar Limited Financial Information (Restated Consolidated)
| 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 |
Company Contact Information
Bright Solar Limited
Bright Solar Limited C-103,
Titanium Square, Thaltej Circle, S.G.Highway,
Ahmedabad – 380059
Phone: +91-9377756205
Email: sales@brightsolar.co.in
Website: https://www.brightsolarltd.com
Bright Solar Rights Issue 2023 Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com
Bright Solar Rights Issue 2023 FAQs
Q1. When is Bright Solar Rights Issue 2023 coming?
Ans. The Bright Solar Rights Issue 2023 opens on Apr 3, 2023, and closes on Apr 10, 2023.
Q2. What is the issue price for Bright Solar Rights Issue 2023?
Ans. Bright Solar Rights Issue 2023 price is set at ₹10 per share per equity share.
Q3. In what ratio is the Bright Solar Rights Issue 2023 offered?
Ans. The eligible shareholders are being offered 2 Equity Share for every 9 fully paid-up Equity Share held on the Record Date (Feb 6, 2023).
Q4. What is the record date for Bright Solar Rights Issue 2023?
Ans. The record date for the Bright Solar Rights Issue 2023 is Feb 6, 2023.
Q5. What is the issue size of Bright Solar Rights Issue 2023?
Ans. The issue size of Bright Solar Rights Issue 2023 is of 4,599,000 equity shares at ₹10 per share aggregating upto ₹4.60 Crores.
Q6. How to apply for Bright Solar Rights Issue 2023?
Ans. You can apply for Bright Solar Rights Issue 2023 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for Bright Solar Rights Issue 2023 using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the ‘IPO & Rights Issue’ section.
- Check if the Bright Solar Rights Issue 2023 available on the list.
- Click the Apply button next to the Bright Solar Rights Issue 2023.
- Fill and check your information.
- Submit the application.
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Bright Solar Rights Issue 2023 using Registrar’s website (R-WAP)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select Bright Solar Rights Issue 2023 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
