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Insolation Energy Limited IPO (Insolation Energy IPO) Detail

Sep 26, 2022 - Sep 29, 2022

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.

Company Financials

Insolation Energy Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and Surplus
31-Mar-202642.448879.37309.25580.05
31-Mar-215045.0416272.92689.721269.77
31-Mar-226668.0321539.13692.2711.97
Amount in ₹ Lakhs

Objects of the Issue

The objects of the issue are:

  • Funding the Working capital requirements of the Company; and
  • General corporate purposes.

Insolation Energy IPO Details

Insolation Energy IPO Date Sep 26, 2022 to Sep 29, 2022
Insolation Energy IPO Face Value ₹10 per share
Insolation Energy IPO Price ₹36 to ₹38 per share
Insolation Energy IPO Lot Size 3000 Shares
Issue Size5,832,000 shares of ₹10
(aggregating up to ₹22.16 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company Promoters

Mr. Manish Gupta and Mr. Vikas Jain are the company promoters.

Insolation Energy IPO Timeline (Tentative Timetable)

Insolation Energy IPO opens on Sep 26, 2022, and closes on Sep 29, 2022. The Insolation Energy IPO bid date is from Sep 26, 2022 10.00 A.M. to Sep 29, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Insolation Energy IPO Opening Date Sep 26, 2022
Insolation Energy IPO Closing Date Sep 29, 2022
Basis of Allotment Oct 4, 2022
Initiation of Refunds Oct 6, 2022
Credit of Shares to Demat Oct 7, 2022
Insolation Energy IPO Listing Date Oct 10, 2022

Insolation Energy IPO Lot Size

The Insolation Energy IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹114,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹114,000
Retail (Max) 1 3000 ₹114,000

Insolation Energy IPO Promoter Holding

Pre Issue Share Holding 97%
Post Issue Share Holding

Insolation Energy IPO Review

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...


Insolation Energy IPO Subscription Status (Bidding Detail)

The Insolation Energy IPO is subscribed 192.79 times on Sep 29, 2022 6:59:00 PM. 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)

CategorySubscription (times)
NII150.02
Retail235.55
Total192.79

Insolation Energy IPO Prospectus

Insolation Energy IPO Rating

585
4.0
Rating:Rated 4.0 stars
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Company Contact Information

Insolation Energy Limited
G-25, City Centre,
Sansarchand Road,
Near MI Road, Jaipur, Rajasthan
Phone: +91– 9116122139
Email: cs@insolationenergy.in
Website: https://insolationenergy.in/

Insolation Energy IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@holaniconsultants.co.in
Website: http://www.bigshareonline.com

Insolation Energy IPO Review

Insolation Energy IPO Recommendation Summary

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Members 17 0 0

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Insolation Energy IPO FAQs

Insolation Energy IPO is a SME IPO of 5,832,000 equity shares of the face value of ₹10 aggregating up to ₹22.16 Crores. The issue is priced at ₹36 to ₹38 per share. The minimum order quantity is 3000 Shares.

The IPO opens on Sep 26, 2022, and closes on 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Insolation Energy IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Insolation Energy IPO opens on Sep 26, 2022 and closes on Sep 29, 2022.

Insolation Energy IPO lot size is 3000 Shares and the minimum order quantity is .

You can apply in Insolation Energy 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.

The finalization of Basis of Allotment for Insolation Energy IPO will be done on Oct 4, 2022, and the allotted shares will be credited to your demat account by Oct 7, 2022. Check the Insolation Energy IPO allotment status.

The Insolation Energy IPO listing date is not yet announced. The tentative date of Insolation Energy IPO listing is Oct 10, 2022.
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