Business 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 Dates | 22 – 25 January 2018 |
| IPO Price band | INR52 per share |
| Fresh issue | 1,380,000 shares (INR7.18 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,380,000 shares (INR7.18 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE 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) | ||||||
| FY2015 | FY2016 | FY2017 | 4M FY2018 | |||
| Total revenue | 637.5 | 4,662.1 | 3,449.6 | 635.5 | ||
| Total expenses | 623.7 | 4,604.7 | 3,311.5 | 591.5 | ||
| Profit after tax | 9.5 | 38.6 | 91.6 | 30.9 | ||
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
| Day | Subscription (no. of times) |
| Day 1 | 0.66 |
| Day 2 | 1.75 |
| Day 3 | 3.52 |
| 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)
This also looks good. Just too bad that both CRP and Solex are at the same time 🙁
I am little doubtful for this Industry, earlier companies had made hole in my pocket. Better avoid.
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
avoidable……
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???