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Bright Solar Ltd. IPO
NSE SME Fixed Price IPO Fresh Capital Closed Live Chart
GMP +₹0 +0% Est. Listing ₹36
Issue Price
₹36
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹36
GMP based
Lot Size
3,000
shares / lot
Min Amount
₹108,000
1 lot · 3,000 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
26 Jun 2018
Tue Completed
Done
Close Date
29 Jun 2018
Fri Completed
Done
Allotment
04 Jul 2018
Wed Completed
Done
Refund
06 Jul 2018
Fri Completed
Done
Demat Credit
06 Jul 2018
Fri Completed
Done
Listing Date
09 Jul 2018
Mon Completed
UPI Deadline: 29 Jun 2018
Issue Details
Pricing & Size
Issue Price
₹36 Face ₹10
Lot Size
3,000 shares
Min Investment
₹108,000
Total Issue Size
54,00,000 shares (aggregating up to ₹19.44 Cr)
IPO Information
Issue Type
Fixed Price IPO
Sale Type
Fresh Capital
Listing Exchange
NSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
2,70,000 (5.00%)
QIB Portion
-
NII / HNI
25,65,000 (47.50%)
Retail
25,65,000 (47.50%)
Employee
-
Net Offer to Public
51,30,000 shares (aggregating up to ₹18.47 Cr)
Shareholding Pattern
Pre-Issue Shareholding
1,50,00,000 shares
Post-Issue Shareholding
2,04,00,000 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 3,000 ₹1,08,000
HNI / NII 2 6,000 ₹2,16,000
Objects of Issue
3 objectives
1
1 Acquisition of Land, its Registration, Stamping and other chargesfor setting up Solar PV Modules/Panelsmanufacturing unit
3.86 Cr
2
2 Working Capital requirements
11.68 Cr
3
3 General Corporate Purpose
3.48 Cr
Lead Managers & Market Maker
Book Running Lead Managers
Swastika Investmart Ltd.
Market Maker
Beeline Broking Ltd.
IPO Timeline
Open
26 Jun
✓ Done
Close
29 Jun
✓ Done
Allotment
04 Jul
✓ Done
Listing
09 Jul
✓ Done
Registrar Details
Alankit Assignments Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
(011) 4254 1234
Email
ipo@alankit.com
Company Contact
Email
compliance@brightsolar.co.in
Phone
+91 - 79 - 4892 6868
Address
C-1103, Titanium Square, Thaltej Circle, S G Highway, Thaltej, Ahmedabad, Gujarat, 380059
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹36
Est. Listing
₹36
Lot Size
3,000 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Bright Solar Ltd. LIVE
INR ·
vs Issue
Open
High
Low
Mkt Cap
P/E
52W H
52W L
Vol
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| Price
Market Reference
IPO Issue Price
₹36
GMP
+₹0 (+0%)
GMP Est. Listing
₹36
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
NII / HNI (Total) 25,65,000 (47.50%) ₹923.40 Cr
Retail Investors 25,65,000 (47.50%) ₹923.40 Cr
Total ** 54,00,000 (100.00%) ₹19,440.00 Cr
Market Maker * 2,70,000 (5.00%) ₹9.72 Cr
* Based on ₹36.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
NII
25,65,000 (47.50%)
Retail
25,65,000 (47.50%)
Market Maker
2,70,000 (5.00%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in Lakhs
Metric31-Mar-1731-Mar-1631-Mar-15
Revenue1812.991547.064784.25
PAT171.1170.53196.87
EBITDA
Net Worth
Total Assets3309.492212.313892.34
Reserves
Borrowings
About Bright Solar Ltd.

Incorporated in 2010, Gujarat based Bright Solar Limited is a company engaged 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". 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 been added water supply, sewerage, 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 of 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.

The company has 18 permanent employees on its payroll.

Frequently Asked Questions
What is the issue price of Bright Solar Ltd. IPO?
The issue price of Bright Solar Ltd. IPO is ₹36 per share, face value ₹10.
What is the lot size?
Minimum lot size is 3,000 shares, requiring ₹108,000.
What are the IPO dates?
Opens 26 Jun 2018, closes 29 Jun 2018.
When is the listing date?
Tentative listing: 09 Jul 2018 on NSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹36 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Bright Solar Ltd. IPO · Expected 04 Jul 2018

Check on Registrar
Post-IPO Timeline
Allotment Date
04 Jul 2018
Refund Initiation
06 Jul 2018
Demat Credit
06 Jul 2018
Listing Date
09 Jul 2018
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹36
Face ₹10
Lot Size
3,000
shares / lot
Min Amount
₹108,000
1 lot
Est. Listing
₹36
GMP +₹0
Key Dates
Open
26 Jun Done
Close
29 Jun Done
Listing
09 Jul Done
Registrar
Alankit Assignments Ltd.
A
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