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Insolation Energy IPO is a book built issue of Rs 22.16 crores.
Insolation Energy IPO bidding started from September 26, 2022 and ended on September 29, 2022. The allotment for Insolation Energy IPO was finalized on Tuesday, October 4, 2022. The shares got listed on BSE SME on October 10, 2022.
Insolation Energy IPO price band is set at ₹36 to ₹38 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹228,000.
Holani Consultants Private Limited is the book running lead manager of the Insolation Energy IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Insolation Energy IPO RHP for detailed information.
| IPO Date | September 26, 2022 to September 29, 2022 |
| Listing Date | October 10, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹36 to ₹38 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 5,832,000 shares (aggregating up to ₹22.16 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 20,832,000 |
| Share holding post issue | 15,000,000 |
| Market Maker portion | 294,000 shares |
Insolation Energy IPO offers 5,832,000 shares. 2,769,000 (47.48%) to NII, 2,769,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 294,000 (5.04%) |
| NII (HNI) Shares Offered | 2,769,000 (47.48%) |
| Retail Shares Offered | 2,769,000 (47.48%) |
| Total Shares Offered | 5,832,000 (100%) |
Insolation Energy IPO opens on September 26, 2022, and closes on September 29, 2022.
| IPO Open Date | Monday, September 26, 2022 |
| IPO Close Date | Thursday, September 29, 2022 |
| Basis of Allotment | Tuesday, October 4, 2022 |
| Initiation of Refunds | Thursday, October 6, 2022 |
| Credit of Shares to Demat | Friday, October 7, 2022 |
| Listing Date | Monday, October 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 29, 2022 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹114,000 |
| Retail (Max) | 1 | 3000 | ₹114,000 |
| HNI (Min) | 2 | 6,000 | ₹228,000 |
| Lot Size Calculator | |||
Mr. Manish Gupta and Mr. Vikas Jain are the company promoters.
| Share Holding Pre Issue | 97% |
| Share Holding Post Issue |
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-20 | 2642.44 | 8879.37 | 309.25 | 580.05 |
| 31-Mar-21 | 5045.04 | 16272.92 | 689.72 | 1269.77 |
| 31-Mar-22 | 6668.03 | 21539.13 | 692.2 | 711.97 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Insolation Energy IPO is Rs 79.16 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 11.41 |
The objects of the issue are:
[Dilip Davda] IEL is in the solar panel and modules and related products manufacturing and marketing business. Based on its FY22 earnings, the issue appears fully priced. As this segment is poised for a bright prospect ahead, cash surplus investors may consider investment for the medium to long term. Read detail review...
The Insolation Energy IPO is subscribed 192.79 times on September 29, 2022 6:59:00 PM. The public issue subscribed 235.55 times in the retail category, times in the QIB category, and 150.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 150.02 |
| Retail | 235.55 |
| Total | 192.79 |
| Listing Date | October 10, 2022 |
| BSE Script Code | 543620 |
| NSE Symbol | |
| ISIN | INE0LGX01016 |
| Final Issue Price | ₹38 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹38.00 |
| ₹76.10 |
| ₹72.55 |
| ₹79.90 |
| ₹79.90 |
Insolation Energy Limited
G-25, City Centre,
Sansarchand Road,
Near MI Road, Jaipur, Rajasthan
Phone: +91– 9116122139
Email: cs@insolationenergy.in
Website: https://insolationenergy.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@holaniconsultants.co.in
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
Insolation Energy IPO is a SME IPO of 5,832,000 equity shares of the face value of ₹10 aggregating up to ₹22.16 Crores. The issue is priced at ₹36 to ₹38 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 26, 2022, and closes on September 29, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Insolation Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Insolation Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Insolation Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Insolation Energy IPO opens on September 26, 2022 and closes on September 29, 2022.
Insolation Energy IPO lot size is 3000 Shares, and the minimum amount required is ₹114,000.
You can apply in Insolation Energy IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Insolation Energy IPO will be done on Tuesday, October 4, 2022, and the allotted shares will be credited to your demat account by Friday, October 7, 2022. Check the Insolation Energy IPO allotment status.
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