Solex Energy Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 654,000 (47%) | — | ₹340 Cr |
| Retail | — | 654,000 (47%) | — | ₹340 Cr |
| Market Maker | — | 72,000 (5%) | — | ₹4 Cr |
| Σ Total | — | 1,380,000 (100%) | — | ₹7,176 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹104,000 |
| Retail (Max) | 13 | 26,000 | ₹1,352,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,456,000 |
| B-HNI (Min) | 67 | 134,000 | ₹6,968,000 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To Meet Working Capital Requirement – 5.75
- 2 Public Issue Expenses – 0.45
- 3 General Corporate Expenses – 0.98
Company Overview
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.