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Right Issue Status: Closed [3rd Apr 2023 to 10th Apr 2023]
Bright Solar Limited offers Right Issue size of Rs 4.60 Cr. which subscription is opening soon. The company issues 09 right equity shares for every 02 equity shares held on the record date of 06 Feb 2023. The face value of a share is Rs.10 per share and the right issue price is fixed at Rs. 10 per share.
Stay updated with us to know more about the Bright Solar Limited Right Issue Details 2023 including issue size, right issue entitlement, terms of payment, and more.
The Company intends to utilize the proceeds raised through the issue towards funding the incremental working capital requirements of the company.
| Bright Solar Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 0.46 Cr Shares |
| Right Issue Issue Size (Amount) | ₹4.60 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹10 per share |
| Right Issue Record Date | 6th Feb 2023 |
| Right Issue Entitlement | 2 Equity Share for every 9 fully paid-up Equity Share held on the Record Date |
| Right Issue Terms of payment | The full amount of the Issue Price is payable on Application. |
| Listing At | NSE |
| BSE Code | |
| NSE Code | BRIGHT |
In this section we have covered all important dates related to Bright Solar Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 3rd Apr 2023 |
| Right Issue Issue Close Date | 10th Apr 2023 |
| Basis of Allotment Finalisation Date* | 17th Apr 2023 |
| Refunds Initiation* | 6th Apr 2023 |
| Credit of Shares to Demat Account* | 20th Apr 2023 |
| Right Issue Listing Date* | 28th Apr 2023 |
* - Tentative Dates
Zerodha Trade@20
This Company was originally incorporated as �Bright Solar Private Limited� at Ahmedabad on April 23, 2010. The company is 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 they are having wide range of products of DC Solar Pump, Solar Pump Inverter and AC Solar Pump.
They have started providing consultancy services for acquiring projects and tender bidding after identifying competent client on tender to tender basis. In addition, They have also been added water supply,sewerages and infra project in its service portfolio.
To sum up, they are 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. They are planning to commence Solar Module manufacturing and water treatment plant assembling unit.
Past performance and financial results of Bright Solar .
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 50.37 | 24.78 | 0.18 |
| 31-Mar-22 | 40.90 | 7.49 | -7.37 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
Bright Solar Right Issue Offer Document (Letter of Offer) >>Document
Bright Solar Right Issue Offer Document (Letter of Offer) >>Bright Solar Right Issue Red Herring Prospectus is not yet available.
Bright Solar Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Bright Solar Right Issue Online Application (Registrar & Transfer Agent) >>Bright Solar Right Issue RTA information is not yet available.
Last Updated on 2023-04-13T23:30:17+00:00
