Insolation Energy Limited
BSE SME₹114,000 / 3000 Shares
Insolation Energy Limited IPO Details
The Insolation Energy Limited IPO price band is set between ₹36-38 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 26 Sep, 2022 and closes on 29 Sep, 2022. Investors can check the allotment status on 4 Oct, 2022, while the listing date is tentatively scheduled for 10 Oct, 2022.
The total issue size is 5,832,000 shares of ₹10 , aggregating up to ₹22.16 Cr. Stay tuned for the latest Insolation Energy Limited IPO review and GMP updates.
Insolation Energy Limited IPO Review, Rating & Analysis
Insolation Energy Limited IPO Review
NO REVIEWInsolation Energy Limited IPO Rating
Insolation Energy Limited IPO Highlights
IPO Date
Sep 26, 2022 - Sep 29, 2022
Listing Date
10 Oct, 2022
Face Value
₹10 Per Equity Share
Price Band
₹36-38 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Insolation Energy Limited IPO Lot Size
The minimum market lot for Insolation Energy Limited IPO is 3000 shares with an application amount of ₹1,14,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,14,000 |
| Retail (Max) | 1 | 3000 | ₹1,14,000 |
| S-HNI (Min) | 2 | 6000 | ₹2,28,000 |
| S-HNI (Max) | 8 | 24000 | ₹9,12,000 |
| B-HNI (Min) | 9 | 27000 | ₹10,26,000 |
Insolation Energy Limited IPO Timeline
Issue Price
₹36-38 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Bigshare Services Pvt LtdLead Manager
Holani Consultants Private limitedIssue Size
5,832,000 shares of ₹10 (aggregating up to ₹22.16 Cr)Insolation Energy Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 22 | 6668.03 | 21539.13 | 692.2 | - | - | - |
| 31 Mar 21 | 5045.04 | 16272.92 | 689.72 | - | - | - |
| 31 Mar 20 | 2642.44 | 8879.37 | 309.25 | - | - | - |
All values are in ₹ Lakh
Promoters & Share Holding
Promoter(s) Name
- Mr. Manish Gupta
- Mr. Vikas Jai
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 97% | % |
About Company
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.
Insolation Energy Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 2,769,000 | 2,769,000 | 5,538,000 |
Day 1 -26-09-22 06:00 PM | 1.00 x | 5.65 x | 3.33 x |
Day 2 -27-09-22 06:00 PM | 4.19 x | 38.77 x | 20.64 x |
Day 3 -28-09-22 06:00 PM | 22.13 x | 94.19 x | 57.27 x |
Day 4 -29-09-22 06:00 PM | 112.66 x | 222.99 x | 173.43 x |
Frequently Asked Questions about Insolation Energy Limited IPO
When will Insolation Energy Limited IPO open for subscription?
The Insolation Energy Limited IPO opens on 26 Sep, 2022 and closes on 29 Sep, 2022.
What is the investors portion for Insolation Energy Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 2769000.
How to apply for Insolation Energy Limited IPO?
You can apply for Insolation Energy Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Insolation Energy Limited IPO?
The issue size of Insolation Energy Limited IPO is approx ₹5,832,000 shares of ₹10 (aggregating up to ₹22.16 Cr) crores.
What is the price band of Insolation Energy Limited IPO?
The price band for Insolation Energy Limited IPO is ₹36 to ₹38 per equity share.
What is the lot size of Insolation Energy Limited IPO?
The minimum bid (lot size) for Insolation Energy Limited IPO is N/A shares with an investment of approx ₹114,000 .
What is the allotment date of Insolation Energy Limited IPO?
The allotment date for Insolation Energy Limited IPO is 4 Oct, 2022.
What is the listing date of Insolation Energy Limited IPO?
The listing date for Insolation Energy Limited IPO is expected to be 10 Oct, 2022.
What is the GMP of Insolation Energy Limited IPO?
The latest Grey Market Premium (GMP) for Insolation Energy Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.