The Solex Energy IPO date has been confirmed from January 22, 2018 and ended on January 25, 2018.
Using an IPO, Solex Energy is seeking to raise Rs 7.18 crores. Its price is ₹52 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹104,000.
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Bidding Dates
January 22-25
Price Range
₹52 per share
Face Value
₹10 per share
GMP
₹467.50
Solex Energy IPO GMP
The Solex Energy Limited IPO GMP is ₹467.50.
IPO Overview
The Solex Energy IPO has a fixed price of Rs 7.18 crores. Bidding for the Solex Energy IPO began on January 22, 2018 and finished on January 25, 2018. On February 5, 2018, the shares were listed on the NSE SME. The IPO price for Solex Energy is ₹52 per share. A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of ₹100,000.
Solex Energy’s product portfolio includes Solar PV Modules (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). The company also offers solar roof top system, solar residential and rural lighting system, solar power pack, and solar power plant solutions.
Solex Energy IPO Details
| IPO Date | January 22, 2018 to January 25, 2018 |
| Listing Date | February 5, 2018 |
| Face Value | ₹10 per share |
| Price | ₹52 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,380,000 shares (aggregating up to ₹7.18 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 72,000 shares |
Solex Energy IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹104,000 |
| Retail (Max) | 1 | 2000 | ₹104,000 |
Solex Energy IPO Listing Details
| Listing Date | February 5, 2018 |
| BSE Script Code | |
| NSE Symbol | SOLEX |
| ISIN | INE880Y01017 |
| Final Issue Price | ₹52 per share |
Company Profile
Solex Energy Limited, an Anand, Gujarat-based company founded in 2014, specialises in the manufacturing of solar photovoltaic modules, solar home lights, solar street lights, solar lanterns, solar power plants, solar inverters, solar water heating systems, and wood fired water heaters, among other things. The company’s manufacturing facilities are based in Anand, Gujarat, from which it delivers appliances in various specifications and customisation to meet the needs of its customers. Solex Energy Limited is an ISO 14001:2015, ISO 9001:2015, OHSAS 18001:2007,
and CE MARK CERTIFIED company that provides high-quality and reliable systems. Solex modules are TUV certified and tested by UL India Pvt. Ltd to ensure that they meet the criteria.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | virenr@skylinerta.com |
| Website | skylinerta.com |
Contact Details
| Name | Solex Energy Limited |
| Phone number | +91-2692-230317 |
| Email ID | info@solex.in |
| Website | solex.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
