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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