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Solar91 Cleantech Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Solar91 Cleantech Ltd IPO

Registered Office: Plot No.D-802 Sector 5,Malviya Nagar , Jaipur - 302017 , Rajasthan , India.
Phone : +91 805 8300 034   Fax:
Email :  info@solar91.com  
Website :  www.solar91.com
Initial public offer of 54,36,000 equity shares of (Rs)10/- each ("Equity Shares") of Solar91 Cleantech Limited ("Solar91" or the "Company") for cash at a price of (Rs)[*]/- per equity share (the "Issue Price"), aggregating to (Rs)[*] crores ("The Offer"). Out of the issue 3,04,800 equity shares aggregating to (Rs)[*] crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 51,31,200 equity shares of face value of (Rs)10.00/- each at an issue price of (Rs)[*]/- per equity share aggregating to (Rs)[*] crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.50 % and 25.01%, 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 floor price and cap price are 18.5 times and 19.5 times of the face value of the equity shares, respectively.

Issue Money Payable On
Opens On Closes On Application Allotment
NA NA (Rs)185.00-195.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :600  Further Multiples of :600

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
Narnolia Financial Services Ltd
Project Financed through Current Offer 100.57  
Post Issue Equity Share Capital 20.51  
Issue Price (Rs)185.00  
 
Projects
Investment in SubsidiaryGeneral Corporate Purposes
Working Capital Requirements
Promoted By
Prateek Agrawal  
Dhawal Gaurang Vasavada  
Sandeep Gurnani  
Listing At
BSE - SME 
Registrar to the Issue
Maashitla Securities Pvt Ltd