Insolation Energy IPO description – The company is engaged in the business of manufacturing solar panels and modules of high efficiency of various sizes 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. 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. Insolation Energy is also an integrated solar energy solutions provider offering engineering, procurement and construction (EPC) services to its customers.
The company has established a geographically diversified presence in India through an extensive distributor network of 30+ distributors. Its key domestic customers include Livguard Energy Technologies, Livfast Batteries, Shakti Pumps, Microtek international, Zunroof Tech etc.
The company formed a wholly-owned subsidiary in the name of Insolation Green Energy Private Limited (IGEPL) in FY 2020-21 with an object of setting up solar PV module manufacturing unit with the proposed annual installed capacity of 500MW in two phases, wherein the company has placed the order for acquiring machines with installed capacity of 250 MW. IGEPL has incurred capital expenditure to the tune of INR6.51 crore upto 31 May 2022 towards acquiring plant & machineries, setting up factory shed and other installations.
Promoters of Insolation Energy – Mr. Manish Gupta and Mr. Vikas Jain
Insolation Energy IPO Details
| Subscription Dates | 26 – 29 September 2022 |
| Price Band | INR36 – 38 per share |
| Fresh issue | INR 22.16 crore |
| Offer For Sale | NIL |
| Total IPO size | INR 22.16 crore |
| Minimum bid (lot size) | 3,000 shares (INR 114,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Insolation Energy Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 |
| Revenue | 8,879.37 | 16,272.92 | 21,539.13 |
| Expenses | 8,427.81 | 15,346.21 | 20,609.82 |
| Net income | 309.25 | 689.72 | 692.20 |
Insolation Energy Offer News
Insolation Energy Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 2.06 | 4.60 | 4.62 |
| PE ratio | – | – | 7.79 – 8.23 |
| RONW (%) | 37.26 | 45.38 | 31.33 |
| NAV | – | – | 14.75 |
| Debt/Equity ratio | – | 2.32 | 2.14 |
| ROCE (%) | – | 53.45 | 42.36 |
Insolation Energy IPO GMP Daily Trend
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 8 Oct 2022 | 30 | – | – |
| 7 Oct 2022 | 30 | – | – |
| 6 Oct 2022 | 30 | – | – |
| 4 Oct 2022 | 27 | – | 95,000 |
| 3 Oct 2022 | 30 | – | 98,000 |
| 1 Oct 2022 | 30 | – | 98,000 |
| 30 Sep 2022 | 20 | – | 90,000 |
| 29 Sep 2022 | 25 | – | 90,000 |
| 28 Sep 2022 | 25 | – | 90,000 |
| 27 Sep 2022 | 25 | – | 90,000 |
| 26 Sep 2022 | 30 | – | 95,000 |
| 24 Sep 2022 | 32 | – | 100,000 |
| 23 Sep 2022 | 25 | – | 95,000 |
| 22 Sep 2022 | 15 | – | 80,000 |
| 21 Sep 2022 | – | – | 70,000 |
| 20 Sep 2022 | – | – | 55,000 |
| 19 Sep 2022 | – | – | 45,000 |
| 17 Sep 2022 | – | – | 30,000 |
Insolation Energy IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 32,31,000 | 29,25,000 | 61,56,000 |
| 26 Sep 2022 | 0.03 | 5.35 | 2.56 |
| 27 Sep 2022 | 4.19 | 38.77 | 20.64 |
| 28 Sep 2022 | 22.13 | 94.19 | 57.27 |
| 29 Sep 2022 | 122.66 | 222.99 | 173.43 |
| *INSOLATION ENERGY LIMITED* Last updated on 29 Sep 2022 | 07:00:00 PM |
Insolation Energy IPO Lead Manager
HOLANI CONSULTANTS PRIVATE LIMITED
401 – 405 & 416 – 418,
4th Floor, Soni Paris Point,
Jai Singh Highway,
Bani Park, Jaipur – 302016
Phone: +91 0141 – 2203996
Email:Â [email protected]
Website:Â www.holaniconsultants.co.in
Insolation Energy Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6 – 2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Cave Road, Andheri (East),
Mumbai – 400093, Maharashtra
Phone: 22 6263 8200
E-mail:Â [email protected]
Website:Â www.bigshareonline.com
Insolation Energy IPO Contact Details
INSOLATION ENERGY INDIA LIMITED
G-25, City Centre, Sansarchand Road,
Near MI Road, Jaipur 302001, Rajasthan
Phone: +91 9116122139
E-mail:Â [email protected]
Website:Â www.insolationenergy.in
Insolation Energy IPO Allotment Status
Insolation Energy IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Insolation Energy IPO Timetable
| IPO Opening Date | 26 September 2022 |
| IPO Closing Date | 29 September 2022 |
| Finalisation of Basis of Allotment | 4 October 2022 |
| Initiation of refunds | 6 October 2022 |
| Transfer of shares to demat accounts | 7 October 2022 |
| Listing Date | 10 October 2022 |
| Opening Price on BSE SME | INR76.1 per share (up 100.26%) |
| Closing Price on BSE SME | Coming soon |
Insolation Energy IPO FAQs
What is Insolation Energy offer size?
Insolation Energy offer size is INR 22.16 crore.
What is Insolation Energy IPO Price Band?
Insolation Energy public offer price is INR36 – 38 per share.
What is the lot size of Insolation Energy IPO?
Insolation Energy offer lot size is 3,000 shares.
What is Insolation Energy IPO GMP today?
Insolation Energy IPO GMP today is INR 30 per share.
What is Insolation Energy kostak rate today?
Insolation Energy kostak rate today is NA per application.
What is Insolation Energy Subject to Sauda rate today?
Insolation Energy Subject to Sauda rate today is INR NA per application.
How to apply in sbi bank this ipo