Solex Energy Ltd - IPO

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