Business Standard

Solex Energy Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

7.18 cr

Price Range (₹)

52

Lot Size

2000

Min Investment (₹)

1,04,000.00

Listing Exchange

NSE - SME

Open Date

22-Jan-2018

Close Date

25-Jan-2018

Listing Date

05-Feb-2018

Solex Energy Ltd News

    The Shares of Solex Energy Ltd have now been listed.

    Solex Energy Ltd IPO Details

    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.

    Objective of issue

    To meet working capital requirement. General corporate expenses.

    Solex Energy Ltd Contact Details

    Solex Energy Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

    Phone - 91-11-26812682

    Fax - 91-11-30857562

    Email - info@solex.in

    Website - www.solex.in