3 - 4 minutes readInsolation Energy IPO Date

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

Insolation Energy IPO Details

IPO Opening DateSep 26, 2022
IPO Closing DateSep 29, 2022
Price BandRs. 36 to Rs. 38 per share
Lot Size3000 Shares
Issue Size (Rs. Cr.)[.] shares of Rs. 10 (aggregating up to Rs. 22.16 Cr)
Face ValueRs. 10 per share
Issue TypeBook Built Issue IPO
Exchange BoardBSE, SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Basis of Allotment DateOct 4, 2022
Initiation of RefundsOct 6, 2022
Credit of Shares to Demat AccountOct 7, 2022
Insolation Energy IPO Listing DateOct 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.

Insolation Energy IPO FAQs

What is Insolation Energy IPO?

Insolation Energy IPO is a SME IPO of [.] equity shares with a face value of Rs. 10 and a total capitalization of Rs. 22.16 Crores. The share price ranges from Rs. 36 to Rs. 38. 3000 shares are the minimum order quantity.

The initial public offering (IPO) begins on September 26, 2022 and ends on September 29, 2022.

The registrar for the IPO is Bigshare Services Pvt Ltd. The shares are proposed for listing on the BSE SME.

When Insolation Energy IPO will open?

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

What is the lot size of Insolation Energy IPO?

Insolation Energy IPO lot size is 3000 Shares.

How to apply for Insolation Energy IPO?

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.

When Insolation Energy IPO allotment?

The basis of allotment for the Insolation Energy IPO will be finalised on October 4, 2022, and the allotted shares will be credited to your demat account by October 7, 2022.

When is Insolation Energy IPO listing date?

The Insolation Energy IPO listing date is Oct 10, 2022.

Who is the registrar of Insolation Energy IPO?

The registrar for Insolation Energy IPO is Bigshare Services Pvt Ltd.

What is Insolation Energy IPO Price Band?

Insolation Energy IPO price is Rs. 36 to Rs. 38 per equity share.