Solex Energy IPO is all about to make its debut on 22 Jan 2018 with issue size of INR 7.18 Cr
Solex Energy Limited, an Anand, Gujarat-based company founded in 2014 and specialising in the production of solar photovoltaic modules, solar home lights, solar street lights, solar lanterns, solar power plants, solar invertors, solar water heating systems, wood fired water heaters, etc., is in the business of offering renewable energy solutions. Anand, Gujarat is home to the company’s production facilities, from where it produces appliances with various specifications and client customisation to meet their needs.
Solex Energy Limited is an ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, and CE MARK CERTIFIED provider of high-quality and dependable solutions. The UL India Pvt. Ltd. has evaluated and certified Solex modules as TUV compliant and meeting norms.
INDUSTRY OVERVIEW
With a promising outlook for economic development, India is anticipated to continue to have the fastest-growing G20 economy. Public salaries and pensions are rising, supporting consumption, while private investment is predicted to gradually rebound. Growth will be aided by the Goods and Services Tax’s adoption as well as other initiatives to make conducting business easier. However, high leverage and non-performing loans are preventing investment, and restrictive monetary policy is needed due to inflation expectations. Investment in physical and social infrastructure is essential to improve living standards, even while governmental debt restricts fiscal stimulus. Reducing FDI and trade barriers, modernising labour laws, and enhancing education and skill requirements are all necessary to promote the development of high-quality jobs in manufacturing. FDI inflows continue to fund the current account gap even though it has gotten worse as a result of rising oil costs and gold imports.
Solex Energy IPO Details
| IPO Date | Jan 22, 2018 to Jan 25, 2018 |
| Listing Date | Feb 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 |
Company Financial
| FY2015 | FY2016 | FY2017 | 4M FY2018 | |||
| Total revenue | 637.5 | 4,662.1 | 3,449.6 | 635.5 | ||
| Total expenses | 623.7 | 4,604.7 | 3,311.5 | 591.5 | ||
| Profit after tax | 9.5 | 38.6 | 91.6 | 30.9 | ||
Objects of the Issue
The following items will be funded using the net proceeds from the new issue:
1. To satisfy the need for working capital
2. Overarching Corporate Goals
3. To Cover the Issue’s Costs
Solex Energy IPO Prospectus
Company Contact Information
Solex Energy Limited
Plot No. 131/A, Phase 1, Nr. Krimy Industries,
GIDC, Vithal Udyognagar,
Anand 388121
Phone: +91-2692-230317
Email: info@solex.in
Website: http://solex.in/
Solex Energy IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/
Solex Energy IPO Lead Manager(s)
- Swastika Investmart Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
