Solar Industries India Ltd IPO


IPO Subscription Details

  • Open Date 09 Mar
  • Close Date 13 Mar
  • Lot Size 30
  • IPO Size ₹ 83.6 Cr
  • IPO Price Range ₹ 190
  • Min Investment ₹ 5700

IPO Synopsis

Public Issue of 44,00,000 equity shares of Rs. 10/- each for cash at a price of Rs.190 per equity share aggregating to Rs.83.60 crores (hereinafter referred to as the Issue) by Solar Explosives Limited (the Company or the Issuer). The face value of the equity shares is Rs. 10 each. The issue includes a reservation of 60,000 equity shares for subscription by eligible employees of the company. The net issue to the public shall be 43,40,000 equity shares. The net issue would constitute 25.05% of the fully diluted post issue paid-up capital of the Company. Issue price is Rs.190 per Equity Share of Face Value Rs.10/- each Issue price 19 times of the face value

How to apply for 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 Solar Industries India Ltd IPO

Contact Information

Solar House 14 Kachimet,
Amravati Road,
Nagpur, Maharashtra 440023

Solar Industries India Ltd IPO Lead Manager

SBI Capital Markets Ltd

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