Bright Solar Limited IPO Details

Bright Solar Limited IPO Subscription Details
As on Date QIB/NII RII Total
Shared Offred 25,65,000 25,65,000 51,30,000
Day-1 [26-06-2018] 1,53,000 [0.06] 2,34,000 [0.09]3,87,000 [0.08]
Day-2 [27-06-2018] 5,10,000 [0.20] 9,18,000 [0.36] 14,28,000 [0.28]
Day-3 [28-06-2018] 36,15,000 [1.40] 15,03,000 [0.58] 51,18,000 [0.99]
Day-4 [29-06-2018] 56,58,000 [2.20] 38,52,000 [1.50] 95,10,000 [1.85]
Bright Solar Limited was established in 2010, Bright Solar Limited is a company engaged in assembling of DC/AC Solar Pumps and Solar Pump Systems under the registered brand name of "PUMPMAN", "BRIGHT SOLAR", and "BRIGHT SOLAR WATER PUMP". The company is also engaged in EPC contracts of Solar Photovoltaic Water pumps which include supplying, installing and commissioning of the pump system along with comprehensive maintenance contract for a specific period of 1-5 years. In solar pump system, it has a wide range of products of DC Solar Pump, Solar Pump Inverter, and AC Solar Pump.

The Company has already executed an agreement to sell for the acquisition of land. It is also planning to set up a water treatment plant assembling unit at Patna (Bihar). To sum up, Bright Solar is into assembling of DC/AC Solar Pumps and Solar Pump Systems, EPC contracts of Solar Photovoltaic Water pumps, consulting of Projects and tenders, Water supply and Sewerages Infra Project. The company is planning to commence Solar Module manufacturing and water treatment plant assembling unit.
Bright Solar Limited IPO Details
Issue Open 26-06-2018
Issue Close 29-06-2018
Allotment Date 05-07-2018
Unblocked Amount 06-07-2018
Listing Date 09-07-2018
Issue Share 54,00,000 Total Equity Share
2,70,000 Reserved by Market Maker
51,30,000 Equity Share
Issue Size ₹ 19.44  Cr
IPO Price Band ₹ 36
Minimum Share Bid 3000
Minimum Investment Amount [Rs]  ₹ 1,08,000
Face Value ₹ 10
Retail Allocation 50%
Listing On NSE SME

Bright Solar Limited IPO Gray Market Value
Latest Update 28-06-2018 : 09:30 AM
Kostak Price [As Per Market View] ₹ 1300
Premium [Per Share] As Per Market View -
Expected Listing Gain [Subject to Sauda] 8000

Bright Solar Limited IPO Financial details [in Rs, Cr]
Financial Year Total Revenue Total Expenses Profit After Tax
FY-2013 22.39 21.89 0.38
FY-2014 28.46 27.72 0.54
FY-2015 47.84 44.86 1.97
FY-2016 15.46 14.42 0.71
FY-2017 18.13 15.57 1.71
Jau-2018 28.27 20.90 5.34
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Bright Solar Limited IPO Valuation Details
Earnings Per Share [EPS] ₹ 35.64
Price/Earnings [P/E] Ratio 1.01
Return on Net Worth [RoNW] 34.42 %
Net Asset Value [NAV] ₹ 103.56 Per Share
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Bright Solar Limited IPO Recommendations
Live IPO Team Recommendation:- Neutral
Bright Solar Limited IPO Contact Details
Bright Solar Limited
C-1103, Titanium Square,
Thaltej Circle,
S G Highway,
Ahmedabad – 380 059,
Tel No:- +91 – 79 – 4892 6868
Registrar of Bright Solar Limited IPO
SEBI Registration Number: INR000002532
Address: Alankit Assignments Limited, Alankit Heights, 1E/13,
Jhandewalan Extension, New Delhi – 110 055
Tel No.: 011–4254 1234; 2354 1234(B), 011–4254 1952/1954(D)
Fax No.: 011–4154 3474
Email Id:
Investors Grievance Id:
Contact Person: Mr. Pankaj Goenka/ Mr. Bojiman Kh
CIN: U74210DL1991PLC042569
Lead Managers of Bright Solar Limited IPO
SEBI Registration Number: INM000012102
Address: 305, Madhuban Building, Cochin Street, S.B.S. Road,
Fort, Mumbai – 400 001.
Tel No.: +91 – 22 – 2265 5565
Fax No: +91 – 22 – 664 4300
Email Id:
Investors Grievance Id:
Contact Person: Mr. Mohit R. Goyal
CIN: L65910MH1992PLC067052

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