Bright Solar Limited IPO
Issue Analysis :
| Issue opens | Jun 26, 2018 |
| Issue Closes | Jun 29, 2018 |
| Issue Price | Rs 36 |
| Lot Size | 3000 |
| Issue Size | 19.44 Cr |
| Lead Manager | SWASTIKA INVESTMART LIMITED |
| Registrar | ALANKIT ASSIGNMENTS LTD |
| Platform | NSE |
Company’s Snapshot :
Incorporated in 2010, Gujarat based Bright Solar Limited is a company engaged in assembling of DC/AC Solar Pumps and Solar Pump Systems under the registered brand name of “PUMPMAN”, “BRIGHT SOLAR”, and “BRIGHT SOLAR WATER PUMP”. The company is also engaged in EPC contracts of Solar Photovoltaic Water pumps which include supplying, installing and commissioning of the pump system along with comprehensive maintenance contract for a specific period of 1-5 years. In solar pump system, it has a wide range of products of DC Solar Pump, Solar Pump Inverter, and AC Solar Pump.
In the year 2017-18, the company started providing consultancy services for acquiring projects and tender bidding after identifying the competent client on the tender to tender basis. In addition, we have also been added water supply, sewerage, and infra project in its service portfolio. We have also been awarded water supply and sewerage projects. Bright Solar is in the process of acquiring a land admeasuring area of 18209 Square meters at Kheda, Gujarat and on which the company is planning to set up a manufacturing unit for Solar PV modules/panels. The Company has already executed an agreement to sell for the acquisition of land. It is also planning to set up a water treatment plant assembling unit at Patna (Bihar).
To sum up, Bright Solar is into assembling of DC/AC Solar Pumps and Solar Pump Systems, EPC contracts of Solar Photovoltaic Water pumps, consulting of Projects and tenders, Water supply and Sewerages Infra Project. The company is planning to commence Solar Module manufacturing and water treatment plant assembling unit.
The company has 18 permanent employees on its payroll.
Object of the Issue :
The objects of the Issue are:
- Acquisition of Land, its Registration, Stamping, and other charges
- Working Capital,
- General Corporate Purpose,
- Issue Expenses.
Financial Highlights :
| Summary of financial Information (Restated) | ||||||
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 3,309.49 | 2,212.31 | 3,892.34 | 818.82 | 1,978.49 | |
| Total Revenue | 1,812.99 | 1,547.06 | 4,784.25 | 2,846.13 | 2,239.93 | |
| Profit After Tax | 171.11 | 70.53 | 196.87 | 54.29 | 38.02 | |
Company Promoters:
The Promoter of the Company is Mr. Piyushkumar Thumar.
Contact Company Information:
Bright Solar Limited
C-1103, Titanium Square,
Thaltej Circle, S G Highway,
Thaltej, Ahmedabad – 380 059
Phone: +91 – 79 – 4892 6868
Fax:
Email: compliance@brightsolar.co.in
Website: http://www.brightsolar.in/
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