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Bright Solar IPO is a Fixed Price IPO listing on NSE EMERGE exchange, with an ipo size of ₹ 19.44 Cr. The company is based in Ahmedabad and caters to Solar - Panels sector. Swastika Investmart is the merchant banker of Bright Solar IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 9th April 2018.
Bright Solar IPO open date is 26th June 2018 and close date is 29th June 2018. IPO Allotment Date is 4th July 2018 and Listing date is 9th July 2018.
IPO
Size:
₹ 19.44 Cr.
Avg IPO Size (Sector Based)
: ₹
28.44 cr.
Sector: Solar - Panels
SME
IPO so far:
5
Merchant Banker:
Swastika Investmart
SME
IPO by BRLM so far:
34
City:
Ahmedabad
SME
IPO so far:
180
Revenue (annualised):
₹
18.13
cr. 
PE
Ratio:
11.00x
Average Sector PE Ratio: 20.39x
Bright Solar IPO size is ₹ 19.44 Cr. with IPO price of ₹ 36.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Swastika Investmart Limited is the book-running lead manager of the Bright Solar IPO. Alankit Assignments Limited is the Registrar and Market Maker is Beeline Broking Ltd for Bright Solar IPO.
Bright Solar IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Bright Solar IPO, based in Ahmedabad, operates in the Solar - Panels sector with a focus on assembling of DC/AC Solar Pumps and Solar Pump Systems. The company is launching its SME IPO on the NSE EMERGE exchange, using the Fixed Price Issue method. Bright Solar IPO size is ₹ 19.44 Cr. with fresh issue size of ₹ 19.44 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Bright Solar IPO is expected to be 4th July 2018, after the finalization of basis of allotment. Investors can check Bright Solar IPO allotment status on the registrars website, Alankit Assignments Limited . Bright Solar IPO refund dates are 6th July 2018.
Bright Solar IPO is expected to be listed on 9th July 2018.
The upper price band for the Bright Solar IPO is set at ₹ 36.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Bright Solar IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Bright Solar IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 29th June 2018. After submission, funds are blocked until the basis of allotment of Bright Solar IPO is finalised.
The merchant banker for Bright Solar IPO is Swastika Investmart Limited . Swastika Investmart Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Bright Solar IPO RHP for further details.
The registrar for Bright Solar IPO is Alankit Assignments Limited . Investors can go to Alankit Assignments Limited registrar website for IPO allotment status, refund processing, and other queries related to Bright Solar IPO through their official website or helpline.
Bright Solar IPO was subscribed 1.85 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 19.44 Cr.
Avg IPO Size (Sector Based)
:
₹ 28.44 Cr.
Sector: Solar - Panels
SME
IPO so far:
5
Merchant Banker:
Swastika Investmart
SME
IPO by BRLM so far:
34
City:
Ahmedabad
SME
IPO so far:
180
Revenue (annualised):
₹ 33.64 cr.
PE
Ratio:
11.00x
Average Sector PE Ratio: 20.39x
Bright Solar IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Bright Solar Financial Review Page
Merchant Banker(s) of Bright Solar IPO: Swastika Investmart Limited
Bright Solar IPO subscription was 1.85 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Bright Solar IPO listed at a listing price of 37.25 against the offer price of 36.00.
The current market price of Bright Solar is 2.80.
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