Bright Solar Rights Issue

Bright Solar Rights Issue will open for subscription from 03 April 2023. the company aims for an issue size of ₹4.60 Crores through this rights Issue.

About the company

Incorporated in 2010, Bright Solar Limited is engaged in developing, manufacturing, and selling high-quality products that run on clean and cost-friendly solar energy. They are among the innovation-driven entities striving at creating solar-powered water pumping mechanisms which not only serve the customers efficiently but are also good for the environment.

The products of Bright Solar Limited are:

  1. Solar Water Pump Systems
  2. DC Solar Pumps
  3. AC Solar Pumps
  4. Solar Pumping Controller – Inverter
  5. Solar Panel/Modules
  6. Bright Solar Mart
  7. Solar Rooftops

Objectives of the Issue

  • The Company intends to utilize the proceeds raised through the issue towards funding the incremental working capital requirements of the company.

Bright Solar Rights Issue Timetable

Record Date06 February 2023
Credit of Rights Entitlements
Bid/Offer Opens On03 April 2023
Renunciation of Rights Entitlements06 April 2023
Bid/Offer Closes On10 April 2023
Deemed Date of Allotment17 April 2023
Credit Date20 April 2023
Listing Date28 April 2023

Rights Issue Details

Issue OpenApr 3, 2023 – Apr 10, 2023
Security NameBright Solar Limited
Issue Size (Shares)4,600,000
Issue Size (Amount)₹4.60 Crores
Issue Price₹10 per share
Face Value₹10 per share
Listing AtNSE
Terms of PaymentThe full amount of the Issue Price is payable on the Application.
Entitlement2 Equity Share for every 9 fully paid-up Equity Share held on the Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After Tax
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

Skyline Financial Services Private Ltd
Phone: 02228511022

Company Contact Information

Bright Solar Limited
Bright Solar Limited C-103,
Titanium Square, Thaltej Circle, S.G.Highway,
Ahmedabad – 380059

Phone: +91-9377756205

Final Thoughts

Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.

Happy investing

Leave a Comment

Your email address will not be published. Required fields are marked *