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Bright Solar Ltd
Registered Office:
C-1103 Titanium Square Thaltej,Circle SG Highway Thaltej,
Ahmedabad - 380059,
Gujarat, India.
Email :  NA
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
36.00-0.00
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
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
Piyushkumar Babubhai Thumar
Listing At
NSE - SME
Registrar to the Issue
Alankit Assignments Ltd
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