News Details
Category : IPO
Headline : Bright Solar announces launch of initial public offering
Date: 28/06/2018 17:43
Bright Solar Ltd. has announced public offering of 5400000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 26.00 per share. The gross proceeds of the issue are expected to be Rs 1,944.00 lakhs.

The company's initial public offer (IPO) will open on Tuesday, June 26, 2018 and is expected to close on Friday, June 29, 2018, subject to customary closing conditions.

The IPO includes a fresh Issue of 5400000 Equity Shares of the Company at an price of Rs 36.00 per Equity Share. The company has fixed the minimum bid lot for the issue at shares with bids in multiples of .

Bright Solar Ltd. anticipates using the proceeds of the issue for Acquisition of Land, its Registration, Stamping and other charges, Working Capital, General Corporate Purpose, Issue Expenses.

SWASTIKA INVESTMART LIMITED as lead manager & Alankit Assignments Ltd. is the registrar, to the issue.