Insolation Energy IPO Details & Guidance

Insolation Energy IPO Listing information
Listed on 10 October 2022
Issue price Rs. 38
Listed at Rs. 76.10
High of Rs. 79.90
Closed at Rs. 79.90

Grey Market News for Insolation Energy IPO #
On 10 October 2022, click

Insolation Energy IPO Subscription Status
On 29 September 2022 @ 5.00 pm
NII 27,69,000 Shares:  150.02 T
RII 27,69,000 Shares:   235.55T
Tot 58,32,000 Shares: 192.79T

Insolation Energy IPO Details
IPO Date September 26, 2022, to September 29, 2022
IPO Face Value Rs 10 per share
IPO Price Rs 36 to 38 per share
IPO Lot Size 3,000 Shares
Issue Size 58,32,000 shares of Rs 10
(Aggregating up to Rs 22.16 Cr)
Fresh Issue (?) shares of Rs 10
(Aggregating up to Rs (?) Cr)
Offer for Sale – shares of Rs 10
(Aggregating up to Rs – Cr)
Issue Type Book Built IPO
Listing At BSE SME
RII: 50% of the net offer

Retail Quota: 50 % / 27,69,000 Shares

Minimum 3000 Shares/ Rs. 1,14,000
Maximum 3000 Shares/ Rs. 1,14,000
923 Applications required for onetime subscriptions.

Insolation Energy IPO Timetable 
IPO Opening Date: September 26, 2022
IPO Closing Date: September 29, 2022
Basis of Allotment: October 04, 2022
Initiation of Refunds: October 06, 2022
Credit of Shares to Demat : October 07, 2022
IPO Listing Date: October 10, 2022

Insolation Energy Business:

The Company is engaged in the business of manufacturing solar panels and modules of high efficiency
of various sizes as per the demand in the market from its fully automatic a state-of-the-art 200 MW
(Rated Installed Capacity) SPV Module manufacturing unit located at Jaipur, spread in more than
60,000 Sq. ft area with latest machinery and stringent quality assurance process which delivers quality
solar PV module. In addition to the manufacture of solar PV modules, the Company also 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 which are used to store energy generated from the solar panels.

It is also an integrated solar energy solutions provider offering engineering, procurement and
construction (“EPC”) services to its customers.
It has built a strong brand reputation for its solar PV modules manufactured on a fully automatic
state-of-art manufacturing unit and sold under the brand name of “INA” along with a successful track
record of developing, engineering and constructing.

The company has successfully established a geographically diversified presence in India through an extensive distributor network of 30+ distributors.

For more information about the company, Click Website: www.insolationenergy.in

Promoters of Insolation Energy
Mr. Manish Gupta and Mr. Vikas Jain

Insolation Energy: Objects of the IPO
To meet working capital requirements

Registered office of Insolation Energy
G-25, City Centre, Sansarchand Road, Near MI Road Jaipur- RJ 302001 India
Company Secretary and Compliance Officer: Snigdha Khandelwal

Lead Manager of Insolation Energy
Holani Consultants Private Limited

SME IPO Financial & Analytical Ratios#
Earnings per Share 2019-20   Rs 2.06
Earnings per Share 2020-21   Rs 4.60
Earnings per Share 2021-22   Rs 4.62
Return on Net Worth: 19-20: 37.26 %
Return on Net Worth: 20-21: 45.38 %
Return on Net Worth: 21-22: 31.33 % 
Book Value of the Share as on 31.03.22 Rs 14.75
NAV after the IPO Rs. (?)
Offer Price Rs. 38 at upper price band

IPO Peer Comparison:
The Company believes that none of the listed companies in India offer products or services across the various business segments in which it operates. Hence a strict comparison is not possible.

Observation by Paresh Gordhandas (Research Analyst)

Will update soon.

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