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Solex Energy SME IPO Details

Solex Energy is established in 2014, Solex Energy Limited Anand, Gujrat based company engaged in the business of providing renewable energy solutions, specialized in the manufacturing of Solar photovoltaic module, solar home light, solar street light, solar lantern, solar power plant, solar invertors, solar water heating systems and wood fired water heater etc. Company has manufacturing facilities is located at Anand, Gujarat from where from where it offers appliances in different specifications and customization in accordance with the demands of its customers. 

Solex Energy Limited is an ISO 14001:2015 Certification, ISO 9001:2015 Certification, OHSAS 18001:2007 and CE MARK CERTIFIED offering systems of high quality and reliability. Solex modules are TUV certified & tested by the UL India Pvt. Ltd and comply in accordance with the standards. 

Solex Energy’s product ranges from Solar PV Module (3WP - 325 WP), Solar Lanterns (CFL & LED Base), Solar Home Light System (CFL & LED Base), Solar Street Light System (CFL & LED Base), Solar Off-Grid Power Plant (Solar Rooftop Systems), Solar Grid Connected Power Plant, Solar Water Heater Flat Plant Collector, Solar Water Heater ETC Type, Solar Submersible Pump (AC & DC), Solar Surface Pump (DC). Company also provides solution for solar roof top system, solar home and rural lighting system, solar power pack and solar power plant.
Solex Energy IPO Details
Issue Open 22-01-2018
Issue Close 25-01-2018
Allotment Date 01-02-2018
Unblocked Amount 02-02-2018
Listing Date 05-02-2018
Issue Share 13,80,000 Equity Share
72,000 Equity Share reserved 
Issue Size ₹ 7.18 Cr
IPO Price Band ₹ 52
Minimum Investment Amount [Rs]  ₹ 1,04,000
Minimum Share Bid 2000
Face Value ₹ 10
Retail Allocation 50%
Listing On NSE SME
Premium [Per Share] NA
Average Earning Per Share NA
Expected Listing Gain 6000
Solex Energy IPO Financial details [in Rs, Cr]
Financial Year Total Revenue Total Expenses Profit After Tax
FY-2013 - - -
FY-2014 - - -
FY-2015 6.37 6.24 0.10
FY-2016 46.62 46.05 0.39
FY-2017 34.50 33.12 0.92
H1-FY-2018 6.35 5.92 0.31
Solex Energy IPO Subscription Details
As on Date QIB/NII RII Total
Shared Offred 6,54,000 6,54,000 13,08,000
Day-1 [22-01-2018] 5,12,000 [0.78] 3,98,000 [0.78]9,10,000 [0.70]
Day-2 [23-01-2018] 9,02,000 [1.38] 15,10,000 [2.30] 24,12,000 [1.84]
Day-3 [24-01-2018] 11,60,000 [1.77] 37,02,000 [5.67] 48,62,000 [3.72]
Day-4 [25-01-2018] 1,00,72,000 [15.40] 1,62,94,000 [24.91] 2,64,32,000 [20.21]
Solex Energy IPO Valuation Details
Earnings Per Share [EPS] ₹ 3.46
P/E Ratio 15.04
RoNW 25.29 %
Net Asset Value [NAV] ₹ 13.67
Solex Energy IPO Contact Details
Solex Energy Limited
Plot No. 131/A, Phase 1
Nr. Krimy Industries, GIDC
Vithal Udyognagar, Anand-388121
Phone: +91 2692 230 317
Email: info@solex.in
Website: www.solex.in
Registrar of Solex Energy IPO
Skyline Financial Services Pvt Ltd
A49, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai – 400 072
Maharashtra, India
Phone: +91 22 2851 1022
Email: grievances@skylinerta.com
Website: www.skylinerta.com
Lead Managers of Solex Energy IPO
Swastika Investmart Ltd
305, Madhuban Building, Cochin Street,
S.B.S Road,
Mumbai, Maharashtra- 400001
Phone: +91-22-22655565
Fax: +91- 73- 6644300
Email:  merchantbanking@swastika.co.in
Website:  http://www.swastika.co.in
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1 Response to "Solex Energy SME IPO Details"

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