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IPO synopsis
 
Bright Solar Ltd
Registered Office: C-1103 Titanium Square Thaltej , Circle SG Highway Thaltej , Ahmedabad - 380059 , Gujarat , India.
Phone:91-79-48926868   Fax:
Email:    Website:www.brightsolar.in
Public issue of 54,00,000 equity shares of face value of Rs. 10 each of Bright Solar Limited ("bright" or the "company" or the "issuer") for cash at a price of Rs. 36 per equity share including a share premium of Rs. 26 per equity share (the "issue price") aggregating to Rs. 19.44 Crores ("the issue"), of which 2,70,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 36 per equity share including a share premium of Rs. 26 per equity share aggregating to Rs. 0.97 Crores will be reserved for Subscription by market maker to the issue (the "market Maker reservation portion"). The issue less the market maker reservation portion i.e. net Issue of 51,30,000 equity shares of face value of Rs. 10 each at a price of Rs. 36 per equity share including a share premium of Rs. 26 per equity share aggregating to Rs. 18.47 Crores is hereinafter referred to as the "net issue". The issue and the net issue will constitute 26.47% and 25.15% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is Rs. 36. The issue price is 3.6 times of the face value.

Issue
Money Payable On
Opens On
Closes On
Application
Allotment
26-Jun-18 29-Jun-18 Rs 36.00-0.00 Rs 0.00-0.00
Minimum Application for shares in Nos : 3000   Further Multiples of : 3000


 
Rs Cr
Lead Managers to the Issue
Project Cost 19.44
Swastika Investmart Ltd
Project Financed through Current Offer 19.44  
Post Issue Equity Share Capital 20.40  
Issue Price Rs.36.00  
 
Projects
Acquisition of Land, its Registration, Stamping & Other Charges for setting up Solar PV Modules/Panels Manufacturing unit Working Capital Requirements
General Corporate Purpose
Promoted By
Listing At
Registrar to the Issue
 
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Source:Capital Market

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