Upcoming SME IPO_ Solex Energy limited

SOLEX ENERGY LIMITED

Issue Analysis

Issue opens 22nd January 2018
Issue Closes 25th January 2018
Issue Price 52
Lot Size 2000
Issue Size 7.18 Crore
Lead Manager Swastika Investmart
Registrar Skyline Financial Services Private Limited
Platform NSE

Company’s Snapshot

Company is engaged 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. They manufacture the offered products using optimum grade components and advanced technology in compliance with the set norms of the industry. They also provide the offered appliances in numerous specifications and customization in accordance with the demands of our customers. Company’s manufacturing facilities is situated in Anand, Gujarat.

Solex Energy Limited is an ISO 14001:2015 Certification, ISO 9001:2015 Certification, OHSAS 18001:2007 and CE MARK CERTIFIED offering systems of high quality and reliability. Solex modules are TUV certified & tested by the UL India Pvt. Ltd and comply in accordance with the standards.

Object of the Issue

(Rs. in Lakhs)
Sr. No. Particulars Amount
2 Working Capital 575.00
3 General Corporate Expenses 97.60
4 Issue Expenses 45.00
Total 717.60

Financial Highlights

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15
Total Revenue 3449.6 4662.14 637.46
PBT 138.08 57.42 13.74
Total Assets 2495.58 1478.3 858.52

Financial Indicaters

EPS : 3.46 ( for 2016-17)

P/E : 15.04 ( for 2016-17)

RoNW : 25.29%

NAV/share : 13.67

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