Insolation Energy IPO Details: The IPO for Insolation Energy will begin on September 26, 2022 and end on September 29, 2022. According to the face value of Rs. 10, the company has set the price of this IPO at Rs. 36-Rs. 38. The 58,32,000 Equity Shares public offering will raise Rs. 22.16 crores for the company. And the offer is completely fixed price.
Insolation Energy IPO Details
|IPO Opening Date||Sep 26, 2022|
|IPO Closing Date||Sep 29, 2022|
|Price Band||Rs. 36 to Rs. 38 per share|
|Lot Size||3000 Shares|
|Issue Size (Rs. Cr.)||[.] shares of Rs. 10 (aggregating up to Rs. 22.16 Cr)|
|Face Value||Rs. 10 per share|
|Issue Type||Book Built Issue IPO|
|Exchange Board||BSE, SME|
|Retail Shares Offered||50% of the net offer|
|NII (HNI) Shares Offered||50% of the net offer|
|Basis of Allotment Date||Oct 4, 2022|
|Initiation of Refunds||Oct 6, 2022|
|Credit of Shares to Demat Account||Oct 7, 2022|
|Insolation Energy IPO Listing Date||Oct 10, 2022|
Insolation Energy IPO Date
Insolation Energy IPO issue will be available for subscription from September 26, 2022 to September 29, 2022.
Insolation Energy IPO Issue Size
Insolation Energy IPO Issue Size is Rs. 22.16 Cr. Mr. Manish Gupta and Mr. Vikas Jain are the company promoters.
Insolation Energy IPO Price Band
Shares will be sold by the company for between Rs. 36 to 38 each. Insolation Energy face value is Rs. 10 per equity share.
Insolation Energy IPO Lot Size
The lot size for the Insolation Energy IPO is 3000 shares. A retail investor can apply for up to one lot (3000 shares or Rs. 114,000).
Insolation Energy Allotment Date and Listing Date
The basis of allotment date of Insolation Energy IPO is Oct 4, 2022 and its Initiation of Refunds date is Oct 6, 2022. A successful trade’s shares will credit to Demat account on Oct 7, 2022. Insolation Energy IPO’s listing date is Oct 10, 2022.
About Insolation Energy Limited IPO
Insolation Energy Ltd, founded in 2015, is a manufacturer of high-efficiency solar panels and modules in a variety of sizes. The company’s 200 MW (Rated Installed Capacity) SPV Module manufacturing unit is located in Jaipur and is equipped with cutting-edge technology.
The following are the business divisions: i. Solar PV module manufacturing; and ii. Solar Power Conditioning Unit (PCU) and Lead Acid Battery trading.
In addition to producing solar PV modules, the company sells Solar Power Conditioning Units (PCUs), which use solar energy and grid power to charge batteries, and tall tabular Lead Acid Batteries, which are used to store energy generated by solar panels. In addition, the company provides integrated solar energy solutions to our customers, including engineering, procurement, and construction (“EPC”).
Through an extensive distributor network of 30+ distributors, Insolation Energy Ltd has successfully established a geographically diverse presence in India.
With the goal of establishing a solar PV module manufacturing unit with a proposed annual installed capacity of 500MW in two phases, the company has placed an order for the acquisition of machines with a capacity of 250 MW. The company’s manufacturing facility is located on leased land at Plot No: K.No.11/1, Jatawali Industrial Area, Near Shyam Dhani Masala Factory, Tehsil-Chomu, Jaipur-303806 (Raj).
Key management personnel, project management, and an operations team with a proven track record. Strong customer, employee, and other key stakeholder relationships. An assetlight business model supports strong growth and financial performance. A design and engineering team dedicated to innovation and the development of efficient and costeffective engineering solutions. Management and labour have a friendly relationship.
Promoters of Insolation Energy IPO
Insolation Energy Limited is promoted by Mr. Manish Gupta and Mr. Vikas Jain.