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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 ₹38.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,08,000 (3000 shares). The minimum lot size investment for 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 Date | September 26, 2022 to September 29, 2022 |
| Listing Date | October 10, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹36 to ₹38 per share |
| Issue Price Final | ₹38 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 58,32,000 shares (aggregating up to ₹22.16 Cr) |
| Reserved for Market Maker | 2,94,000 shares Holani Consultants Pvt.Ltd. (aggregating up to ₹1.12 Cr) |
| Net Offered to Public | 55,38,000 shares (aggregating up to ₹21.04 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 2,08,32,000 shares |
| Share Holding Post Issue | 1,50,00,000 shares |
Insolation Energy IPO offers total 58,32,000 shares. Out of which 27,69,000 (47.48%) allocated to NII, 27,69,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,94,000 (5.04%) |
| NII (HNI) Shares Offered | 27,69,000 (47.48%) |
| Retail Shares Offered | 27,69,000 (47.48%) |
| Total Shares Offered | 58,32,000 (100.00%) |
Insolation Energy IPO opens on September 26, 2022, and closes on September 29, 2022.
| IPO Open Date | Mon, Sep 26, 2022 |
| IPO Close Date | Thu, Sep 29, 2022 |
| Tentative Allotment | Tue, Oct 4, 2022 |
| Initiation of Refunds | Thu, Oct 6, 2022 |
| Credit of Shares to Demat | Fri, Oct 7, 2022 |
| Tentative Listing Date | Mon, Oct 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 29, 2022 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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 ₹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...
| Listing Date | October 10, 2022 |
| BSE Script Code | 543620 |
| NSE Symbol | |
| ISIN | INE0LGX01016 |
| Final Issue Price | ₹38 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹38.00 |
| Open | ₹76.10 |
| Low | ₹72.55 |
| High | ₹79.90 |
| Last Trade | ₹79.90 |
Insolation Energy Ltd.
G-25, City Centre,
Sansarchand Road,
Near MI Road,
Jaipur, Rajasthan, 302001
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
Insolation Energy IPO is a SME IPO of 58,32,000 equity shares of the face value of ₹10 aggregating up to ₹22.16 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000.
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, 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 Friday, October 7, 2022. Check the Insolation Energy IPO allotment status.
The Insolation Energy IPO listing date is on Monday, October 10, 2022.
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