Bookbuilding IPO | ₹22 Cr | Listed at BSE SME | Mon, Sep 26, 2022 - Thu, Sep 29, 2022
Insolation Energy IPO is a book build issue of ₹22.16 crores. The issue is entirely a fresh issue of 0.58 crore shares of ₹22.16 crore.
Insolation Energy IPO bidding started from Sep 26, 2022 and ended on Sep 29, 2022. The allotment for Insolation Energy IPO was finalized on Oct 4, 2022. The shares got listed on BSE SME on Oct 10, 2022.
Insolation Energy IPO price band is set at ₹38 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,14,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,28,000.
Holani Consultants Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Holani Consultants Pvt.Ltd..
Refer to Insolation Energy IPO RHP for detailed Information.
IPO Open
Mon, Sep 26, 2022
IPO Close
Thu, Sep 29, 2022
Issue Price
₹38 per share
Market Cap (Pre-IPO)
₹79.16 Cr
| IPO Date | 26 to 29 Sep, 2022 |
| Listed on | Mon, Oct 10, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹36 to ₹38 |
| Issue Price | ₹38 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 58,32,000 shares (agg. up to ₹22 Cr) |
| Reserved for Market Maker | 2,94,000 shares Holani Consultants Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 55,38,000 shares (agg. up to ₹21 Cr) |
| Net Offered to Public | 55,38,000 shares (agg. up to ₹21 Cr) |
| Share Holding Pre Issue | 2,08,32,000 shares |
| Share Holding Post Issue | 1,50,00,000 shares |
| BSE Script Code | 543620 |
| ISIN | INE0LGX01016 |
Insolation Energy IPO comprises a total issue size of 58,32,000 shares. The net offer to the public is 55,38,000 shares, after excluding 2,94,000 shares allotted on a firm basis. Of the Net offer 27,69,000 (50.00%) allocated to NII 27,69,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 27,69,000 | 50.00% | 47.48% |
| Retail Shares Offered | 27,69,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,94,000 | 5.04% | |
| Total Shares Offered | 58,32,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,14,000 |
| Retail (Max) | 1 | 3,000 | ₹1,14,000 |
| HNI (Min) | 2 | 6,000 | ₹2,28,000 |
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 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 66.68 | 50.45 | 26.42 |
| Total Income | 215.39 | 162.73 | 88.79 |
| Profit After Tax | 6.92 | 6.90 | 3.09 |
| NET Worth | 0.00 | 0.00 | 0.00 |
| Reserves and Surplus | 7.12 | 12.70 | 5.80 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working Capital Requirement of our Company | 15.45 |
| 2 | General corporate purposes | 4.64 |
| KPI | |
|---|---|
| ROE | 31.29 |
| ROCE | 46.21 |
| Debt/Equity | 2.01 |
| RoNW | 31.33 |
| PAT Margin | 3.22% |
| EBITDA Margin | 6.18% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.62 | |
| P/E (x) | 11.41 | |
| Promoter Holding | 97% | |
| Market Cap | ₹79.16 Cr. |
The Insolation Energy IPO is subscribed 192.79 times on September 29, 2022 6:59:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 150.02 | 27,69,000 | 41,54,04,000 |
| Retail | 235.55 | 27,69,000 | 65,22,45,000 |
| Total | 192.79 | 55,38,000 | 1,06,76,49,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager (including Underwriting commission) | 1.42 |
| 2 | Advertising and marketing expenses | 0.33 |
| 3 | Fees payable to the Legal Advisors | 0.03 |
| 4 | Fees payable to the Registrar to the Issue | 0.05 |
| 5 | Fees payable to the to the Regulators including stock exchanges | 0.04 |
| 6 | Brokerage and selling commission payable to Syndicate, Brokerage and selling commission payable to Registered Brokers, and Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 0.12 |
| 7 | Printing and distribution of Issue stationary | 0.02 |
| 8 | Others (bankers to the Issue, auditor’s fees etc.) | 0.07 |
| Total | 2.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹38.00 |
| Open | ₹76.10 |
| Low | ₹72.55 |
| High | ₹79.90 |
| Last Trade | ₹79.90 |
Lead Manager Reports
Insolation Energy IPO is a SME IPO of 58,32,000 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Sep 26, 2022, and closes on Thu, Sep 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 Mon, Sep 26, 2022 and closes on Thu, Sep 29, 2022.
Insolation Energy IPO lot size is 3000, and the minimum amount required for application is ₹1,14,000.
You can apply in Insolation Energy IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, Oct 7, 2022. Check the Insolation Energy IPO allotment status.
The Insolation Energy IPO listing date is on Mon, Oct 10, 2022.
