Solex Energy Ltd IPO

Closed

Subscription Details

  • Open Date 22 Jan
  • Close Date 25 Jan
  • Lot Size 2000
  • IPO Size ₹ 7.18 Cr
  • IPO Price Range ₹ 52
  • Min Investment ₹ 104000

Solex Energy Ltd IPO Timeline

Open Date
22 Jan
Close Date
25 Jan
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Initial public issue of 13,80,000 equity shares of face value of Rs. 10 each (equity shares) of Solex Energy Limited (The Company or Issuer) for cash at a price of Rs. 52.00 per equity share (including a share premium of Rs. 42.00 per equity share) (Issue Price) aggregating to Rs. 7.18 crores (issue) of which 72,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 52.00 per equity share, aggregating to Rs. 0.37 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 13,08,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 52.00 per equity share aggregating to Rs. 6.80 crores (The Net Issue). The issue and the net issue will constitute 27.94% and 26.48%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price is Rs. 52.00. The issue price is 5.2 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 Solex Energy Ltd IPO

Contact Information

Address

Plot No. 131/A Phase 1 GIDC,
Vithal Udyognagar,
Anand, Gujarat 388121

Solex Energy Ltd IPO Lead Manager

Swastika Investmart Ltd
Open Demat Account