Solex Energy IPO

Solex Energy IPOBusiness description - Solex Energy is engaged in 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. The company provides the offered appliances in numerous specifications and customization in accordance with the demands of customers. Its manufacturing facility is situated in Anand, Gujarat.

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). We also provide solution for solar roof top system, solar home and rural lighting system, solar power pack and solar power plant.

Promoters of Solex Energy – Mr Kalpeshkumar Ramanbhai Patel
Solex Energy IPO details
Subscription Dates22 - 25 January 2018
IPO Price bandINR52 per share
Fresh issue 1,380,000 shares (INR7.18 crore)
Offer for sale Nil
Total IPO size1,380,000 shares (INR7.18 crore)
Minimum bid (lot size)2,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge SME platform
Use of funds
  • Working Capital Requirements - INR5.75 crore
  • General corporate Expenses - INR0.98 crore
Solex Energy's financial performance (in INR lakh)
   FY2015FY2016FY20174M FY2018
Total revenue  637.54,662.13,449.6635.5
Total expenses  623.74,604.73,311.5591.5
Profit after tax  9.538.691.630.9

Solex Energy 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: [email protected]
Website: www.solex.in

Solex Energy IPO Subscription Details

DaySubscription (no. of times)
Day 10.66
Day 21.75
Day 33.52
Day 4 19.15
  

Solex Energy Valuation (Latest FY)

Earnings Per Share (EPS): INR3.46

Price/Earnings (P/E) ratio: 15.04

Return on Net Worth (RONW): 25.29%

Net Asset Value (NAV): INR13.67 per share

Registrar of Solex Energy

Skyline Financial Services Pvt Ltd
A49, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai – 400 072
Maharashtra, India

Phone: +91 22 2851 1022
Email[email protected]
Website: www.skylinerta.com

Solex Energy IPO Allotment Status

Solex Energy IPO allotment status is now available on Skyline Financial Services' website. Click on this link to get allotment status.

Listing performance of Solex Energy

IPO Opening Date: 22 January 2018

IPO Closing Date: 25 January 2018

Listing Date: 5 February 2018

Listing Price on NSE SME: INR43.5 per share (down 16.34% from IPO price)

Closing Price on NSE SME: INR51.2 per share (down 1.53% from IPO price)

5 thoughts on “Solex Energy IPO

  • January 23, 2018 at 11:26 AM
    Permalink

    Naveen is right. Most of SME companies are nothing more than scams. It looks like everyone and anyone is coming up with offers and their quality is very poor. What kind if value a 19 year old fresher brings???

    Reply
  • January 18, 2018 at 2:03 PM
    Permalink

    I was reading the profile of Director’s; strange to read that Promoter appointed his 19 years daughter as Director ???? Surprised to read…… looks like satta play; better Avoid

    Reply
    • January 22, 2018 at 4:49 PM
      Permalink

      avoidable……

      Reply
  • January 18, 2018 at 6:21 AM
    Permalink

    I am little doubtful for this Industry, earlier companies had made hole in my pocket. Better avoid.

    Reply
  • January 17, 2018 at 8:53 AM
    Permalink

    This also looks good. Just too bad that both CRP and Solex are at the same time 🙁

    Reply

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