Business Standard

Solar Industries India Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

83.60 cr

Price Range (₹)

190

Lot Size

30

Min Investment (₹)

5,700.00

Listing Exchange

MumbaiNSE

Open Date

09-Mar-2006

Close Date

13-Mar-2006

Listing Date

03-Apr-2006

Solar Industries India Ltd News

    The Shares of Solar Industries India Ltd have now been listed.

    Solar Industries India Ltd IPO Details

    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 dilutedpost 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

    Objective of issue

    Expansion proj. for manu. Bulk Explosives in India. Expansion proj. for manu. Bulk Expls. etc Overseas. To meet the margin requirement for working capital.

    Solar Industries India Ltd Contact Details

    Solar Industries India Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - solar@solargroup.com; investor.relations@solargrou

    Website - www.solargroup.com