Bright Solar Ltd IPO

Closed

Subscription Details

  • Open Date 26 Jun
  • Close Date 29 Jun
  • Lot Size 3000
  • IPO Size ₹ 19.44 Cr
  • IPO Price Range ₹ 36
  • Min Investment ₹ 108000

Bright Solar Ltd IPO Timeline

Open Date
26 Jun
Close Date
29 Jun
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 54,00,000 equity shares of face value of Rs. 10 each of Bright Solar Limited (bright or the company or the issuer) for cash at a price of Rs. 36 per equity share including a share premium of Rs. 26 per equity share (the issue price) aggregating to Rs. 19.44 Crores (the issue), of which 2,70,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 36 per equity share including a share premium of Rs. 26 per equity share aggregating to Rs. 0.97 Crores will be reserved for Subscription by market maker to the issue (the market Maker reservation portion). The issue less the market maker reservation portion i.e. net Issue of 51,30,000 equity shares of face value of Rs. 10 each at a price of Rs. 36 per equity share including a share premium of Rs. 26 per equity share aggregating to Rs. 18.47 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.47% and 25.15% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is Rs. 36. The issue price is 3.6 times of the face value.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Bright Solar Ltd IPO

Contact Information

Address

C-1103 Titanium Square Thaltej,
Circle SG Highway Thaltej,
Ahmedabad, Gujarat 380059

Bright Solar Ltd IPO Lead Manager

Swastika Investmart Ltd
Open Demat Account