Insolation Energy IPO 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.
Insolation Energy IPO – Overview
| IPO Dates | 26-29 sept 2022 |
| IPO Price | INR 38 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 5,832,000 shares (INR 22.16 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Insolation Energy IPO -Tentative Dates
| IPO Offer 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 |
| IPO Listing Date | 10 October 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
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.
Objects of the Issue
- Funding additional Working capital requirements
- General Corporate Purposes
Company Financials
| Particulars | 31-March-22 | 31-June-21 | 31-Mar-20 |
| Total Assets | 6668.03 | 5045.04 | 2642.44 |
| Total Revenue | 21539.13 | 16272.92 | 8879.37 |
| Profit After Tax | 692.2 | 689.72 | 309.25 |
Company Contact Information
Insolation Energy Limited
G-25, City Centre,
Sansarchand Road,
Near MI Road, Jaipur, Rajasthan
Phone: +91– 9116122139
Email: cs@insolationenergy.in
Website: https://insolationenergy.in/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@holaniconsultants.co.in
Website: http://www.bigshareonline.com
Lead Manager(s)
- Holani Consultants Private limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
