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Indosolar Ltd IPO (Indosolar IPO) Detail

September 13, 2010 - September 15, 2010

Indosolar IPO is a book built issue of Rs 357.00 crores.

Indosolar IPO bidding started from September 13, 2010 and ended on September 15, 2010. The shares got listed on BSE, NSE on September 29, 2010.

Indosolar IPO price band is set at ₹29 to ₹32 per share. The minimum lot size for an application is 200 Shares. The minimum amount of investment required by retail investors is ₹6,400.

Axis Capital Limited is the book running lead manager of the Indosolar IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Indosolar IPO RHP for detailed information.

Indosolar IPO Details

IPO Date September 13, 2010 to September 15, 2010
Listing Date September 29, 2010
Face Value ₹10 per share
Price Band ₹29 to ₹32 per share
Lot Size 200 Shares
Total Issue Size123,103,448 shares
(aggregating up to ₹357.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue212,040,579
Share holding post issue335,144,027

Indosolar IPO Reservation

Indosolar IPO offers 123,103,448 shares. 61,551,724 (50.00%) to QIB, 18,465,517 (15.00%) to NII, 43,086,207 (35.00%) to RII. 215,431 RIIs will receive minimum 200 shares and (sNII) and (bNII) will receive minimum 6,400 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered61,551,724 (50.00%)NA
NII (HNI) Shares Offered18,465,517 (15.00%)
Retail Shares Offered43,086,207 (35.00%)215,431
Total Shares Offered123,103,448 (100%)

Indosolar IPO Lot Size

Investors can bid for a minimum of 200 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) 1 200 ₹6,400
Retail (Max) 31 6200 ₹198,400
Lot Size Calculator

Indosolar IPO Promoter Holding

Promoters of the Company are:

1. Mr. Bhushan Kumar Gupta; and
2. Mr. Hulas Rahul Gupta

Share Holding Pre Issue 97.63%
Share Holding Post Issue 61.77%

About Indosolar Ltd

Incorporated in 2005, Indosolar Limited is a leading Indian manufacturer for photovoltaic cells. Indosolar manufactures poly-crystalline solar photo-voltaic (SPV) cells from silicon wafers utilizing crystalline silicon SPV cell technology for converting sunlight directly into electricity through a process known as the photo-voltaic effect. Indosolar Ltd market and sell their products to primarily module manufacturers on a business-to-business platform, who in turn supply to the system integrators who install the systems for grid and off-grid (roof top) applications for use in the domestic market as well as markets in Europe, Spain, Japan, Asia, Canada and USA.

Company's manufacturing facility for SPV cells in Greater Noida currently comprises of one SPV cell manufacturing line having an annual capacity of 80 MW which commenced commercial production in July, 2009. Another SPV cell manufacturing line having an annual manufacturing capacity of 80 MW is expected to be commissioned and will commence commercial production in March 2010, resulting in aggregate annual capacity of 160 MW as part of their expansion plan. Company intends to increase their annual production capacity to approximately 260 MW by April 2011, with the commercial production through the proposed Line 3, which we intend to finance out of the Net Proceeds. The Line 3 is expected to be completed in February 2011 and is expected to commence commercial production in April 2011.

Key Performance Indicator

Objects of the Issue (Indosolar IPO Objectives)

The object of the issue are:

1. to finance the expansion of their annual manufacturing capacity for SPV cells by adding a third line of 100 MW, ("Line 3"); and
2. for general corporate purposes.


Indosolar IPO Subscription Status (Bidding Detail)

The Indosolar IPO is subscribed 1.55 times on September 15, 2010 5:00:00 PM. The public issue subscribed 1.81 times in the retail category, 1.44 times in the QIB category, and 1.30 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.44
NII1.30
Retail1.81
Total1.55

Indosolar Ltd IPO Grading / Rating

CRISIL has assigned an IPO Grade 3 to Indosolar Ltd IPO. This means as per CRISIL company has 'Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Indosolar Ltd.

Indosolar Limited IPO Tags:

Indosolar Ltd IPO, Indosolar IPO, Indosolar IPO Bidding, Indosolar IPO Allotment Status, Indosolar drhp and Indosolar Ltd IPO listing.

Indosolar IPO Prospectus

Indosolar IPO Rating

422
3.8
Rating:Rated 3.8 stars
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Indosolar IPO Listing Details

Listing Date September 29, 2010
BSE Script Code 533257
NSE Symbol INDOSOLAR
ISIN INE866K01015
Final Issue Price ₹29 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹29.00
₹29.75
₹22.80
₹29.90
₹23.70
NSE
₹29.00
₹29.50
₹22.60
₹29.50
₹23.70

Check IPO Performance…

Indosolar Ltd Contact Details

Indosolar Ltd
Indosolar Limited,
C-12, Friends Colony (East),
New Delhi 110065, India.
Phone: +91 11 26841375
Email: atul.mittal@indosolar.co.in
Website: http://www.indosolar.co.in

Indosolar IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: indosolar.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Indosolar IPO - Buy or Not

Indosolar IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 1
Members 0 0 0

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Indosolar IPO FAQs

Indosolar IPO is a main-board IPO of 123,103,448 equity shares of the face value of ₹10 aggregating up to ₹357.00 Crores. The issue is priced at ₹29 to ₹32 per share. The minimum order quantity is 200 Shares.

The IPO opens on September 13, 2010, and closes on September 15, 2010.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Indosolar IPO opens on September 13, 2010 and closes on September 15, 2010.

Indosolar IPO lot size is 200 Shares, and the minimum amount required is ₹6,400.

You can apply in Indosolar 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 Indosolar IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Indosolar IPO allotment status.

The Indosolar IPO listing date is on September 29, 2010.
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Indosolar IPO Message Board

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704 Comments

704. op tyagi |   Link |  Bookmark |November 27, 2010 9:19:19 PM
it is the only issue commanding 250/- premium. all should apply. optyagi
703. sonipc |   Link |  Bookmark |November 9, 2010 6:40:30 AM
crossed the allotment price for the first time post listing! good going
702. anant goyal |   Link |  Bookmark |November 8, 2010 6:43:13 PM
hold it for long term, it has good growth prospects
701. Ramesh Damani |   Link |  Bookmark |November 2, 2010 10:14:23 AM
Relaince is entering into solar power in bigway, news about takeover of indosolar by RIL cannot be rulled out,

already stock is going up steadily since last 2 to 3 days,
700. sonipc |   Link |  Bookmark |November 1, 2010 6:19:18 PM
up by 6+ %, best move after listing, may tough listing price in 4-5 sessions.
699. Anonymous |   Link |  Bookmark |October 25, 2010 8:59:48 PM
it is not true that reliance is purchasing this, since they always would think of future not present. do not believe these stories
698. Anonymous |   Link |  Bookmark |October 25, 2010 11:07:29 AM
hello 693 where did u get that news reliance is going to buy indosolar
697. Anonymous |   Link |  Bookmark |October 25, 2010 10:54:30 AM
where u have got the information that reliance industries is going to buy indosolar
696. Anonymous |   Link |  Bookmark |October 23, 2010 12:16:10 PM
RELIANCE INDST IS GOING TO BUY THIS COMPANY BY TAKING A MAJORITY STAKE AT A PRICE CLOSE TO RS 55 TO RS 58 IN THE FIRST WEEK OF NOVEMBER. SHORT TERM IMMEDIATE TARGET RS 35 IN THIS STOCK.. BUY BUY MULTIBAGGER.
695. Anonymous |   Link |  Bookmark |October 22, 2010 8:34:25 PM
GOOD TO INVEST AT CURRENT RATE
694. Anonymous |   Link |  Bookmark |October 22, 2010 9:52:51 AM
AISEE CO.JO TOTTALLY FRAUD HAI NEVER TO THINK TO INVEST IN IT .

AUR KYA KAHU........
693. sonipc |   Link |  Bookmark |October 19, 2010 7:52:37 PM
up by 5+ %, its good news
692. Anonymous |   Link |  Bookmark |October 18, 2010 10:34:09 AM
indosolar near term target of rs 15 is going to achieve .
don't buy now
sell now and buy at lower levels of rs 15.
be a informed investor
thanks
691. Anonymous |   Link |  Bookmark |October 17, 2010 9:03:33 PM
hi all.Till now i did nt received my refund amount applied through sharekhan offline
690. Chethan k.v |   Link |  Bookmark |October 15, 2010 6:49:56 PM
Is it good to exit from this and shift to COAL INDIA. Please suggest friends
689. Chethan k.v |   Link |  Bookmark |October 15, 2010 6:46:15 PM
Hi Friends,

I have taken 782 shares from IPO. Please tell wheter I should exit and switch or hold. Wheter this stock has future
688. Anonymous |   Link |  Bookmark |October 15, 2010 11:29:17 AM
INVEST IN GOOD FUNDAMENTAL CO RATHER THAN THIS
687. praveen s |   Link |  Bookmark |October 14, 2010 11:38:04 AM
hi all.Till now i did nt received my refund amount applied through sharekhan offline
686. Anonymous |   Link |  Bookmark |October 13, 2010 12:19:54 PM
are bhai kyo bechari public ko marwana chahta hai .tera kya begada hai inhone..ha.ha.ha.ha.ha.ha.h.a.ha.h..............ah
685. Anonymous |   Link |  Bookmark |October 13, 2010 2:07:34 AM
Indosolar shortly reach 33