Insolation Energy IPO GMP, Price, Review, Allotment & Analysis
Insolation Energy IPO date is fixed, The IPO will open on September 26 and will close on September 29, 2022. Insolation Energy is a BSE SME IPO to raise ₹22.16 crores via IPO. The Insolation Energy IPO price band is fixed at ₹36 to ₹38 with a market lot of 3000 shares
Insolation Energy Ltd is a manufacturer of solar panels in India specializing in producing high-efficiency solar PV Modules, based out in Jaipur, Rajasthan. They are among the top 10 solar panel brands in India. The company has over years of experience in the business with over 500 projects delivered with 250+ MW*+ of Solar Modules Supply and 10000+ customers they served. They are doing Solar PV module manufacturing and Solar Power Conditioning Unit (PCU) and Lead Acid Batteries trading as well.
Insolation Energy product range includes Solar Module, Solar PCU, Solar Battery, and Solar Charge Controller. The company’s solar panel manufacturing unit is spread over more than 65,000 Sq. ft area with the latest robotic machinery and stringent Quality Assurance process from inward stage to final QA, which delivers A-grade quality solar PV module, confirming to all international/domestic standards such as IEC, UL, MNRE, CE, BIS –IS: 14286, etc. in the brand name of INA. The company plans to expand its present capacity to 250 MW and is in process of setting up it’s state-of-the-art manufacturing set up of 500 MW in the year 2022 and is on way to being part of GW scale manufacturing and MW scale storage solution. You can check Insolation Energy IPO subscription status and Insolation Energy IPO allotment status on their respective pages.
Objects of the Issue:
Funding the Working capital requirements of the Company.
General Corporate Purpose.
Insolation Energy IPO Review
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Insolation Energy IPO Date & Price Band
Insolation Energy IPO Open: September 26, 2022
Insolation Energy IPO Close: September 29, 2022
Insolation Energy IPO Size: Approx ₹22.16 Crores, [.] Equity Shares
Face Value: ₹10 Per Equity Share
Insolation Energy IPO Price Band: ₹36 to ₹38 Per Equity Share
Insolation Energy IPO Listing on: BSE SME
Retail Quota: 35%
QIB Quota: 50%
NII Quota: 15%
Insolation Energy IPO Market Lot
The Insolation Energy IPO minimum market lot is 3000 shares with a ₹114,000 application amount.
Minimum IPO Lot Size: Minimum 3000 shares for 1 lot
Minimum Amount: ₹114,000 for 1 lot
Insolation Energy IPO Allotment & Listing Dates
The Insolation Energy IPO date is September 26 and the IPO close date is September 29. The IPO allotment date is October 4 and the IPO might list on October 10.
Insolation Energy IPO Open Date: September 26, 2022
Insolation Energy IPO Close Date: September 29, 2022
Basis of Allotment: October 4, 2022
Refunds: October 6, 2022
Credit to Demat Account: October 7, 2022
Insolation Energy IPO Listing Date: October 10, 2022
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