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Insolation Energy Limited IPO (Insolation Energy IPO) Detail

September 26, 2022 - September 29, 2022

Insolation Energy IPO is a book built issue of Rs 22.16 crores.

Insolation Energy IPO bidding started from September 26, 2022 and ended on September 29, 2022. The allotment for Insolation Energy IPO was finalized on Tuesday, October 4, 2022. The shares got listed on BSE SME on October 10, 2022.

Insolation Energy IPO price band is set at ₹36 to ₹38 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹228,000.

Holani Consultants Private Limited is the book running lead manager of the Insolation Energy IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Insolation Energy IPO RHP for detailed information.

Insolation Energy IPO Details

IPO Date September 26, 2022 to September 29, 2022
Listing Date October 10, 2022
Face Value ₹10 per share
Price Band ₹36 to ₹38 per share
Lot Size 3000 Shares
Total Issue Size5,832,000 shares
(aggregating up to ₹22.16 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Market Maker portion294,000 shares

Insolation Energy IPO Reservation

Insolation Energy IPO offers 5,832,000 shares. 2,769,000 (47.48%) to NII, 2,769,000 (47.48%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered294,000 (5.04%)
NII (HNI) Shares Offered2,769,000 (47.48%)
Retail Shares Offered2,769,000 (47.48%)
Total Shares Offered5,832,000 (100%)

Insolation Energy IPO Timeline (Tentative Schedule)

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

IPO Open Date Monday, September 26, 2022
IPO Close Date Thursday, September 29, 2022
Basis of Allotment Tuesday, October 4, 2022
Initiation of Refunds Thursday, October 6, 2022
Credit of Shares to Demat Friday, October 7, 2022
Listing Date Monday, October 10, 2022
Cut-off time for UPI mandate confirmation 5 PM on September 29, 2022

Insolation Energy IPO Lot Size

Investors can bid for a minimum of 3000 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 3000 ₹114,000
Retail (Max) 1 3000 ₹114,000
HNI (Min) 2 6,000 ₹228,000
Lot Size Calculator

Insolation Energy IPO Promoter Holding

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

Share Holding Pre Issue 97%
Share Holding Post Issue

About Insolation Energy Limited

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
Amount in ₹ Lakhs

Key Performance Indicator

Insolation Energy IPO Market Cap is Rs 79.16 Cr and P/E (x) is 11.41.

KPI Values
P/E (x)11.41
Market Cap (₹ Cr.)79.16

Objects of the Issue (Insolation Energy IPO Objectives)

The objects of the issue are:

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

Insolation Energy IPO Review (May apply)

[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...

Insolation Energy IPO Subscription Status (Bidding Detail)

The Insolation Energy IPO is subscribed 192.79 times on September 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)

Insolation Energy IPO Prospectus

Insolation Energy IPO Rating

Rating:Rated 4.0 stars
Vote Here ...

Insolation Energy IPO Listing Details

Listing Date October 10, 2022
BSE Script Code 543620
NSE Symbol
Final Issue Price ₹38 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Insolation Energy Limited Contact Details

Insolation Energy Limited
G-25, City Centre,
Sansarchand Road,
Near MI Road, Jaipur, Rajasthan
Phone: +91– 9116122139

Insolation Energy IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Insolation Energy IPO - Buy or Not

Insolation Energy IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
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 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

  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 September 26, 2022 and closes on September 29, 2022.

Insolation Energy IPO lot size is 3000 Shares, and the minimum amount required is ₹114,000.

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, Nuvama, ICICI Bank, 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 October 10, 2022.
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Insolation Energy IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



328. lokes |   Link |  Bookmark |October 10, 2022 12:07:12 PM
IPO Guru IPO Guru (4200+ Posts, 4900+ Likes)
Bought one lot in preopen here.....
328.8. AAA JAI |   Link |  Bookmark |October 15, 2022 12:53:51 PM (200+ Posts)
My opinion: Holding my 2 allotments for long term. However, will be doing quarterly reviews. If there's weakness for 2 consecutive quarters, I shall exit. Else, it should stay like @lokes sir said as multiplier scrip in PF>
328.9. AADITYA DHAR |   Link |  Bookmark |November 12, 2022 7:48:04 AM
@lokes sir, result of Insolation is on 14th i.e Monday, I also bought just like you in preopen, sir what is your target ? Please share your strategy or what do you think for the same ?
Eagerly waiting for your reply.
327. hope at SME |   Link |  Bookmark |November 11, 2022 11:28:40 AM
Hello Seniors !
Should I hold Insolation.
326. JaiShriKrishna |   Link |  Bookmark |November 8, 2022 12:56:09 PM
In this IPO NII and retail both part subscribe equal. 19.81 /.82 times.

325. ipo share |   Link |  Bookmark |November 8, 2022 11:58:06 AM
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
Q2 result on 14 Nov
324. ipo share |   Link |  Bookmark |November 2, 2022 1:16:53 PM
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
IEL has informed BSE on 1 Nov that it has received a Letter of Award of work from Ajmer Vidyut Vitran Nigam for Rs.2,08,24,500.
323. Rohan Bajaj |   Link |  Bookmark |October 25, 2022 12:29:56 PM (200+ Posts)
Stock has hit lower circuit for the first time after listing. What's the target in next 20-30 days? Please post experts.
323.3. GSMR |   Link |  Bookmark |October 25, 2022 8:41:34 PM
Profit booking taking place for the upcoming streak of IPOs. I think this would start upward journey from the next week
323.4. Takamichi |   Link |  Bookmark |October 27, 2022 3:11:29 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Hard to see such high liquidity in sme even after more than 10 days of listing..... Still quite a lot of steam left in the stocks.....
322. IPOLucky |   Link |  Bookmark |October 24, 2022 2:30:43 PM
Is trading allowed in muhurat trading for this script?
321. ipo share |   Link |  Bookmark |October 22, 2022 10:58:30 AM
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
Insolation Energy has informed BSE on 21 Oct that it has got order worth Rs.1,38,00,543 from Jaipur Discom.
320. SMMM |   Link |  Bookmark |October 20, 2022 10:32:58 AM
It's beautiful to see the buyers pushing back. Let's see till when they can do it...
319. Nusrat Gafoor |   Link |  Bookmark |October 20, 2022 9:03:33 AM
I do not have Application Number. how I should check my allotment status. or where i can find my application number. Please help
318. Bull Morris |   Link |  Bookmark |October 19, 2022 4:04:06 PM
Not allotted to me
317. K.Atar |   Link |  Bookmark |October 18, 2022 12:16:13 PM
IPO Guru IPO Guru (1000 Posts, 700+ Likes)
Solar , Electric , Manufacturing.. 👍
317.1. Investing for a better tomorrow |   Link |  Bookmark |October 18, 2022 7:11:05 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Does this have scope like EKI? Or does it have steam for upto 10X max to max?
317.2. RAKA GANGAPUR |   Link |  Bookmark |October 18, 2022 10:40:32 PM

What you have done with Precision Metalik
316. venkatesh Thati |   Link |  Bookmark |October 18, 2022 9:13:48 AM
Every Day it is Increasing 5% , I am Having a capital of Rs.3.5 Lakhs I want to Buy 1 lot can anyone suggest me to buy or not to Buy please suggest
316.1. Bhumika |   Link |  Bookmark |October 18, 2022 10:29:07 AM
It is a good buy at anytime.
315. NRI Investor |   Link |  Bookmark |October 10, 2022 10:18:47 AM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
HOLDing this GEM. Soon it will trade above 3 digits soon. 100++ Target as Renewal energy business in top gear now.
315.1. Investing for a better tomorrow |   Link |  Bookmark |October 18, 2022 3:52:27 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Your words have come true.... Great going!
314. Neeljuh |   Link |  Bookmark |October 17, 2022 12:53:43 PM
There seems to be UC (5%) for the straight 6 sessions ...
My Question -
1) When the UC limit for this stock will get revised and shall get increase to +10% ... ?
2) Is the stock still in T2T segment ? If yes , then when will it come out of it ... ?
314.1. Rajendra Kumar Gupta |   Link |  Bookmark |October 17, 2022 2:53:07 PM
@neeljuh after 10 days it will be out t sagment and circuit limit 20%
314.2. Rajendra Kumar Gupta |   Link |  Bookmark |October 17, 2022 6:03:22 PM
After 10 working days listing date se
313. Small Investor |   Link |  Bookmark |October 10, 2022 11:16:07 AM
IPO Guru IPO Guru (1800+ Posts, 900+ Likes)
Yet hold till diwali with SL rs 70
313.1. Rajendra Kumar Gupta |   Link |  Bookmark |October 14, 2022 12:25:16 AM
@small invester plz call me nine 4one 4 nine two two 00 five
312. kcm |   Link |  Bookmark |October 13, 2022 5:19:15 PM
BOA shows that no one applied between 30k-150k.shares in NII category. I applied for 45k.Do not know the fate of my application. Site shows no allotment.
311. CB🤗 |   Link |  Bookmark |October 13, 2022 12:11:24 AM
IPO Mentor IPO Mentor (1100+ Posts, 300+ Likes)
I wonder why some of the real big HNI members in this forum chose to apply in retail! If someone had capacity for 55+ lots then they had very good chance, lot of 1:1 ratio there in BOA
310. Deps |   Link |  Bookmark |October 12, 2022 5:41:05 PM
BOA released....but I applied for 12 lot....36000 allotment and neither mention in BOA upto 12 lot to 49 it's possible ? Fully setting lagta he....experts ,ipo gurus and @admin plz reply...thank
309. Rohan Bajaj |   Link |  Bookmark |October 12, 2022 3:57:18 PM (200+ Posts)
What's the expectation tomorrow? Will it again hit upper circuit or lower ? Please guide experts.