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Solex Energy IPO is a Fixed Price IPO listing on NSE EMERGE exchange, with an ipo size of ₹ 7.18 Cr. The company is based in Anand and caters to Solar sector. Swastika Investmart is the merchant banker of Solex Energy IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 5th December 2017.
Solex Energy IPO open date is 22nd January 2018 and close date is 25th January 2018. IPO Allotment Date is 30th November -0001 and Listing date is 5th February 2018.
IPO
Size:
₹ 7.18 Cr.
Avg IPO Size (Sector Based)
: ₹
34.14 cr.
Sector: Solar
SME
IPO so far:
16
Merchant Banker:
Swastika Investmart
SME
IPO by BRLM so far:
34
City:
Anand
SME
IPO so far:
3
Revenue (annualised):
₹
19.05
cr. 
PE
Ratio:
27.00x
Average Sector PE Ratio: 20.25x
Solex Energy IPO size is ₹ 7.18 Cr. with IPO price of ₹ 52.00. 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 Solex Energy IPO. NSDL Database Management Limited is the Registrar and Market Maker is Beeline Broking Limited for Solex Energy IPO.
Solex Energy IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Solex Energy IPO, based in Anand, operates in the Solar sector with a focus on business of providing renewable energy solutions. The company is launching its SME IPO on the NSE EMERGE exchange, using the Fixed Price Issue method. Solex Energy IPO size is ₹ 7.18 Cr. with fresh issue size of ₹ 7.18 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Solex Energy IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check Solex Energy IPO allotment status on the registrars website, NSDL Database Management Limited . Solex Energy IPO refund dates are 30th November -0001.
Solex Energy IPO is expected to be listed on 5th February 2018.
The upper price band for the Solex Energy IPO is set at ₹ 52.00 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 Solex Energy 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 Solex Energy 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 25th January 2018. After submission, funds are blocked until the basis of allotment of Solex Energy IPO is finalised.
The merchant banker for Solex Energy IPO is Swastika Investmart Limited . Swastika Investmart Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Solex Energy IPO RHP for further details.
The registrar for Solex Energy IPO is NSDL Database Management Limited . Investors can go to NSDL Database Management Limited registrar website for IPO allotment status, refund processing, and other queries related to Solex Energy IPO through their official website or helpline.
Solex Energy IPO was subscribed 20.21 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 7.18 Cr.
Avg IPO Size (Sector Based)
:
₹ 34.14 Cr.
Sector: Solar
SME
IPO so far:
16
Merchant Banker:
Swastika Investmart
SME
IPO by BRLM so far:
34
City:
Anand
SME
IPO so far:
3
Revenue (annualised):
₹ 18.96 cr.
PE
Ratio:
27.00x
Average Sector PE Ratio: 20.25x
Solex Energy IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Solex Energy Financial Review Page
Merchant Banker(s) of Solex Energy IPO: Swastika Investmart Limited
Solex Energy IPO subscription was 20.21 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.
Solex Energy IPO listed at a listing price of 51.20 against the offer price of 52.00.
The current market price of Solex Energy is 1317.00.
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