Bright Solar IPO is set to make its debut on 26 June 18 with 19.44 Cr is a company engaged in assembling DC/AC Solar Pumps and Solar Pump Systems.
Bright Solar IPO – overview
| IPO Dates | 26-29 June 18 |
| IPO Price | INR 36 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 5,400,000 shares (INR 19.44 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Company Overview
Incorporated in 2010, Gujarat based Bright Solar Limited is a company engaged in assembling DC/AC Solar Pumps and Solar Pump Systems under the registered brand name of “PUMPMAN”, “BRIGHT SOLAR”, and “BRIGHT SOLAR WATER PUMP”. The company 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.
In the year 2017-18, the company started providing consultancy services for acquiring projects and tender bidding after identifying the competent client on the tender-to-tender basis. In addition, we have also added water supply, sewage, and infra project in its service portfolio. We have 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. The Company 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).
To sum up, Bright Solar is into assembling DC/AC Solar Pumps and Solar Pump Systems, EPC contracts of Solar Photovoltaic Water pumps, consulting of Projects and tenders, Water supply and Sewerages Infra Project. The company is planning to commence Solar Module manufacturing and water treatment plant assembling unit.
Objects of the Issue
1 Acquisition of Land, its Registration, Stamping, and other charges
2. Working Capital,
3. General Corporate Purpose,
4. Issue Expenses.
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 3,309.49 | 2,212.31 | 3,892.34 |
| Total Revenue | 1,812.99 | 1,547.06 | 4,784.25 |
| Profit After Tax | 171.11 | 70.53 | 196.87 |
Company Contact Information
Bright Solar Limited
C-1103, Titanium Square,
Thaltej Circle, S G Highway,
Thaltej, Ahmedabad – 380 059
Phone: +91 – 79 – 4892 6868
Email: compliance@brightsolar.co.in
Website: http://www.brightsolar.in/
Bright Solar IPO Registrar
Alankit Assignments Ltd
Phone: (011) 4254 1234
Email: ipo@alankit.com
Website: https://www.alankit.com/
Bright Solar IPO Lead Manager(s)
- Swastika Investmart Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
