Insolation Energy Limited IPO Detail
Incorporated in 2015, Insolation Energy Ltd is engaged in the business of manufacturing solar panels and modules of high efficiency of various sizes. The company's 200 MW (Rated Installed Capacity) SPV Module manufacturing unit is located at Jaipur, spread over more than 60,000 Sq. ft area with the latest machinery.
The business areas are as under:
i. Solar PV module manufacturing; and
ii. Solar Power Conditioning Unit (PCU) and Lead Acid Batteries trading
In addition to the manufacture of solar PV modules, the Company trades in Solar Power Conditioning Unit (PCU) which uses solar energy and power from the grid to charge batteries and tall tabular Lead Acid Batteries are used to store energy generated from the solar panels. The company is also an integrated solar energy solutions provider offering engineering, procurement and construction ("EPC") services to our customers.
Insolation Energy Ltd has successfully established a geographically diversified presence in India through an extensive distributor network of 30+ distributors.
Company Promoters
Mr. Manish Gupta and Mr. Vikas Jain are the company promoters.IPO Details
| IPO Opening Date | Sep 26, 2022 |
| IPO Closing Date | Sep 29, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 - 38 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹22.16 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.00x | 5.65x | 3.32x | |
| Day 2 | - | - | 5.06x | 40.96x | 23.01x | |
| Day 3 | - | - | 28.30x | 99.50x | 63.90x | |
| Day 4 | - | - | 150.02x | 235.55x | 192.79x |
IPO Tentative Timetable
The Insolation Energy Limited IPO open date is Sep 26, 2022, and the close date is Sep 29, 2022. The issue may list on Oct 10, 2022.
| IPO Open Date | Sep 26, 2022 |
| IPO Close Date | Sep 29, 2022 |
| Basis of Allotment Date | Oct 04, 2022 |
| Initiation of Refunds | Oct 06, 2022 |
| Credit of Shares to Demat Account | Oct 07, 2022 |
| IPO Listing Date | Oct 10, 2022 |
IPO Lot Size
The Insolation Energy Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹114000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹114000 |
| Maximum | 1 | 3000 | ₹114000 |
IPO Promoter Holding
| Pre Issue Share Holding | 97% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|
Objects of the Issue:
The objects of the issue are:
- Funding the Working capital requirements of the Company; and
- General corporate purposes.
Insolation Energy Limited IPO Registrar:
Bigshare Services Pvt Ltd
Insolation Energy Limited IPO Lead Manager(s):
Holani Consultants Private limited (Past IPO Performance)
Company Contact Information:
Insolation Energy Limited
G-25, City Centre, Sansarchand Road, Near MI Road
Jaipur
Rajasthan
