Indosolar Ltd IPO (Indosolar IPO) Detail

Sep 13, 2010 - Sep 15, 2010

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.

Company Promoters:

Promoters of the Company are:

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

Objects of the Issue:

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 Details

IPO Opening DateSep 13, 2010
IPO Closing DateSep 15, 2010
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹29 to ₹32 per equity share
Market Lot200 Shares
Min Order Quantity200 Shares
Listing AtBSE, NSE
Issue Size123,103,448 Eq Shares of ₹10
(aggregating up to ₹357.00 Cr)

Indosolar IPO Lot Size

The Indosolar IPO market lot size is 200 shares. A retail-individual investor can apply for up to 31 lots (6200 shares or ₹198,400).

ApplicationLotsSharesAmount (Cut-off)
Minimum1200₹6,400
Maximum316200₹198,400

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 Subscription Status (Bidding Detail)

The Indosolar IPO is subscribed 1.55x times on Sep 15, 2010 17:00. The public issue subscribed 1.81x in the retail category, 1.44x in the QIB category, and 1.30x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

1.44x

NII

1.30x

RII

1.81x

Total

1.55x

Indosolar IPO Prospectus

Indosolar IPO Rating

422
3.8
Rating:Rated 3.8 stars

Vote Here ...

Indosolar IPO Listing Date

Listing DateWednesday, September 29, 2010
BSE Script Code533257
NSE SymbolINDOSOLAR
Listing InB
ISININE866K01015
IPO Price₹29 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹29.00
₹29.75
₹22.80
₹29.90
₹23.70
82,896,559
NSE
₹29.00
₹29.50
₹22.60
₹29.50
₹23.70
136,642,413

Indosolar IPO Reviews / Ratings

  • Angel Broking - Avoid
  • Anand Rathi - Subscribe for Long Term

Company Contact Information

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
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: indosolar.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Indosolar IPO FAQs

  1. What is Indosolar IPO?

    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 equity share. The minimum order quantity is 200 Shares.

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

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

  2. When Indosolar IPO will open?

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

  3. What is the lot size of Indosolar IPO?

    Indosolar IPO lot size is 200 Shares and the minimum order quantity is 200 Shares.

  4. How to apply for Indosolar IPO?

    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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Indosolar IPO allotment?

    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.

  6. When is Indosolar IPO listing date?

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

Indosolar IPO Message Board

Ranked Members  Ranked Members

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704. op tyagi |Nov 27, 2010 22:19
it is the only issue commanding 250/- premium. all should apply. optyagi
703. sonipc |Nov 9, 2010 07:40
crossed the allotment price for the first time post listing! good going
702. anant goyal |Nov 8, 2010 19:43
hold it for long term, it has good growth prospects
701. Ramesh Damani |Nov 2, 2010 11:14
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 |Nov 1, 2010 19:19
up by 6+ %, best move after listing, may tough listing price in 4-5 sessions.
699. Anonymous |Oct 25, 2010 21:59
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 |Oct 25, 2010 12:07
hello 693 where did u get that news reliance is going to buy indosolar
697. Anonymous |Oct 25, 2010 11:54
where u have got the information that reliance industries is going to buy indosolar
696. Anonymous |Oct 23, 2010 13:16
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 |Oct 22, 2010 21:34
GOOD TO INVEST AT CURRENT RATE
694. Anonymous |Oct 22, 2010 10:52
AISEE CO.JO TOTTALLY FRAUD HAI NEVER TO THINK TO INVEST IN IT .

AUR KYA KAHU........
693. sonipc |Oct 19, 2010 20:52
up by 5+ %, its good news
692. Anonymous |Oct 18, 2010 11:34
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 |Oct 17, 2010 22:03
hi all.Till now i did nt received my refund amount applied through sharekhan offline
690. Chethan k.v |Oct 15, 2010 19:49
Is it good to exit from this and shift to COAL INDIA. Please suggest friends
689. Chethan k.v |Oct 15, 2010 19:46
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 |Oct 15, 2010 12:29
INVEST IN GOOD FUNDAMENTAL CO RATHER THAN THIS
687. praveen s |Oct 14, 2010 12:38
hi all.Till now i did nt received my refund amount applied through sharekhan offline
686. Anonymous |Oct 13, 2010 13:19
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 |Oct 13, 2010 03:07
Indosolar shortly reach 33







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