Bright Solar Limited IPO

Bright Solar Limited

Issue Open

Jun 26, 2018

Price Band

₹ 36

Issue Size

₹ 19.44 Cr

Credit of Shares to Demat

-

Issue Close

Jun 29, 2018

Bid Lot

3000

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

3000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Jul 09, 2018

Refunds

-

About the company:

Bright Solar Limited was established in Gujarat on 23rd of April 2010. It is having registered brand name under 'PUMPMAN', 'BRIGHT SOLAR', and 'BRIGHT SOLAR WATER PUMP' under which it provides assembling of DC/AC Solar Pumps and Solar Pump Systems. It is also involved in comprehensive maintenance contract for a specific period from 1-5 years for EPC contracts of Solar Photovoltaic Water pumps which include commissioning, supplying and installation of water pumps.

Date of Establishment: Bright Solar Limited was established as private limited company under the name of ‘Bright Solar Private Limited’ on 23rd of April 2010 under Companies Act 1956 by Assistant Registrar of Companies, Gujarat, Dadra and Nagar Havelli. It was incorporated as Public Limited Company on 29th January 2018 and the name was reformed to ‘Bright Solar Limited’ and fresh Certificate of Incorporation was issue to them by Assistant Registrar of Companies, Ahmedabad, Gujarat .

Promoters of Bright Solar Limited: Mr. Piyushkumar Thumar is he promoter of Bright Solar Limited.

Product and Services offering: Bright Solar Limited currently offers wide range of products specified under DC Solar Pumps, Solar Pump Inverters and AC Solar Pumps. It provides services consisting of consulting of Projects and tender bidding, water supply, sewerages, infra projects, assembling DC/AC solar Pumps and Solar Pump Systems and EPC contracts of Solar Photovoltaic Water pumps.

Customer Segments: Bright Solar Limited has wide diversified customers including government companies and private company project undertakings which is located across the states of Gujarat, Rajasthan, New Delhi, Chennai and Bihar among others

Objects of issue: The objective of Bright Solar Limited IPO is:
-      Acquisition of Land for setting up solar PV modules/panels manufacturing unit, its Registration, Stamping and   other
       charges which is located at Kheda district in Gujarat.- Working Capital requirements
-     General Corporate Purpose
-     Issue Expenses which consists of underwriting and management fees, selling commission, printing and   distribution
      expenses, legal fees, advertising expenses and listing fees.

Company Financials:

Summary of financial Information (Restated)

Particulars

For the year/period ended (in Rs. Lakhs)

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

 

Total Assets

3,309.49

2,212.31

3,892.34

818.82

1,978.49

 

Total Revenue

1,812.99

1,547.06

4,784.25

2,846.13

2,239.93

 

Profit After Tax

171.11

70.53

196.87

54.29

38.02

 

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