In the list of upcoming IPO Bright Solar Limited is Planning to launch IPO (Initial Public Offering). The tentative size of the upcoming IPO i.e Bright Solar IPO is of Rs 19.44 crore. IPO Bright Solar IPO is of fixed price issue IPO. Upcoming IPO i.e Bright Solar IPO might open on 26 June, 2018. Bright Solar Limited is engaged in the business of in assembling of DC/AC Solar Pumps and Solar Pump Systems under the registered brand name of “PUMPMAN”, “BRIGHT SOLAR”, and “BRIGHT SOLAR WATER PUMP”.
- Bright Solar IPO will open on 26 June, 2018 & Close on 29 June,2018.
- Bright Solar IPO is of fixed price issue IPO.
- Issue Price of Bright Solar IPO might be Rs 36 per Equity share.
- Bright Solar Limited is engaged in the business of in assembling of DC/AC Solar Pumps.
- IPO Bright Solar IPO is of Rs 19.44 crore.
Bright Solar IPO- Upcoming IPO News Updates:
- Company was established at Ahmedabad on 23 April, 2010 as Private limited under the Provision of Companies ACT, 1956.As a result the name of the company was “Bright Solar Private Limited”.
- Later on the company was converted into Public Limited on 29 January, 2018. As a result the name of the company of the company was also changed to “Bright Solar Limited”.
- Bright Solar Limited is engaged in the business of in assembling of DC/AC Solar Pumps and Solar Pump Systems under the registered brand name of “PUMPMAN”, “BRIGHT SOLAR”, and “BRIGHT SOLAR WATER PUMP”.
- Bright Solar Limited is also engaged in EPC contracts of Solar Photovoltaic Water pumps which include supplying, installing and commissioning of the pump system along with comprehensive maintenance contract for a specific period of 1-5 years.
- In solar pump system, it has a wide range of products of DC Solar Pump, Solar Pump Inverter, and AC Solar Pump.
- Bright Solar Limited also added water supply, sewerage, and infra project in its service portfolio.
- In the year 2017-18, the company started providing consultancy services for acquiring projects and tender bidding.
- Bright Solar Limited has also been awarded water supply and sewerage projects.
- Bright Solar is in the process of acquiring a land admeasuring area of 18209 Square meters at Kheda, Gujarat and on which the company is planning to set up a manufacturing unit for Solar PV modules/panels.
- Bright Solar Limited has already executed an agreement to sell for the acquisition of land. It is also planning to set up a water treatment plant assembling unit at Patna (Bihar).
- Bright Solar Limited has 18 permanent employees on its payroll.
Products of the Company:
- Solar Water Pumping System
- DC Solar Pumps
- AC Solar Pumps
- Solar Pumping Controllers-Inverter
- Solar Panels/Modules
Objective Of the Bright Solar IPO:
There is Four Objective of the Bright Solar IPO. They are listed below:
- Acquisition of Land, its Registration, Stamping and other charges
- Working Capital
- General Corporate Purpose
- Issue Expenses.
Issue Details of Bright Solar IPO:
- Issue Open: Jun 26, 2018
- Issue Close: Jun 29, 2018
- Issue Type: Fixed Price Issue IPO
- Issue Size:5,400,000 Equity Shares of Rs 10 aggregating up to Rs 19.44 Cr
- Face Value: Rs 10 Per Equity Share
- Issue Price: Rs 36 Per Equity Share
- Market Lot: 3000 Shares
- Minimum Order Quantity: 3000 Shares
- Listing At: NSE SME
- Retail Allocation: 50%
Financial Summary of Bright Solar Limited:
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||171.11||70.53||196.87||54.29||38.02|
Bright Solar Limited Prospectus:
Draft Red Herring Prospectus
Utilization of Fund:
Promoter of the Company:
There is only one promoter of the company.
Mr. Piyushkumar Thumar
Corporate Identification Number(CIN) of the Company:
Strength Of the Company:
- Timely completion of projects
- Experienced Management and Promoter and having order book of ` 9781.91 Lakhs.
- Long term Relationship with the Clients
- Quality Assurance
Registered Address of the company:
C-1103, Titanium Square, Thaltej Circle, S G Highway,
Thaltej, Ahmedabad – 380 059, Gujarat
Official Website of the Company:
IPO Allotment Status of Bright Solar IPO :
To check the IPO Allotment status of Bright Solar Limited click @ IPO Allotment Status
Lead Manager of the Issue:
SWASTIKA INVESTMART LIMITED SEBI Registration Number: INM000012102
Address: 305, Madhuban Building, Cochin Street, S.B.S. Road, Fort, Mumbai – 400 001.
Tel No.: +91 – 22 – 2265 5565 Fax No: +91 – 22 – 664 4300
Email Id: email@example.com
Investors Grievance Id: firstname.lastname@example.org
Contact Person: Mr. Mohit R. Goyal CIN: L65910MH1992PLC067052
Registrar to the Bright Solar IPO :
ALANKIT ASSIGNMENTS LIMITED SEBI Registration Number: INR000002532
Address: Alankit Assignments Limited, Alankit Heights, 1E/13, Jhandewalan Extension,
New Delhi – 110 055 Tel No.: 011–4254 1234; 2354 1234(B), 011–4254 1952/1954(D)
Fax No.: 011–4154 3474 Email Id: email@example.com
Investors Grievance Id: firstname.lastname@example.org
Contact Person: Mr. Pankaj Goenka/ Mr. Bojiman Kh
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