Insolation Energy IPO subscription is to open on Sep 26, 2022 and will close on Sep 29, 2022, the price band of the Insolation Energy IPO is fixed at ₹ ₹ 36 – ₹ 38. Insolation Energy is engaged in the business of manufacturing solar panels and modules of high efficiency of various sizes
- About Insolation Energy
- Objects of the Issue
- Insolation Energy Limited Financials:
- Insolation Energy IPO Details
- Insolation IPO DRHP & RHP
- Insolation IPO Lot Size
- Insolation IPO Lead Managers
- Insolation IPO Registrar
- INA IPO Allotment Date, Listing Date and other Important Dates
- Company Registered and Corporate Office
- Company Promoters
- Insolation Energy IPO FAQS
About Insolation Energy
Insolation Energy 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. The company also an integrated solar energy solutions provider offering engineering, procurement and construction (“EPC”) services to the customers.
Objects of the Issue
- Funding the Working capital requirements of the company
- General corporate purposes
Insolation Energy Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakh) | ||
|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 6,668.03 | 5,045.04 | 2,642.44 |
| Total income | 21,539.13 | 16,272.92 | 8,879.37 |
| Total Expenses | 20,609.82 | 15,346.21 | 8,427.81 |
| Profit After Tax | 692.20 | 689.72 | 309.25 |
Insolation Energy IPO Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 5,832,000 Equity Shares of ₹ 10 (aggregating up to ₹ 2,216.16 lakhs) |
| Issue Open Date | 26-Sep-22 |
| Issue Close Date | 29-Sep-22 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 36 – ₹ 38 |
| Face Value | ₹ 10 |
| Market Lot | 3000 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 3000 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | BSE SME |
| NSE Symbol | INA |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Insolation IPO DRHP & RHP
Insolation IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 3000 | ₹ 1,14,000 |
| Maximum | 1 | 3000 | ₹ 1,14,000 |
Insolation IPO Lead Managers
- Holani Consultants Pvt Ltd
Insolation IPO Registrar
INA IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 26-Sep-22 |
| Bid / Offer Closes on | 29-Sep-22 |
| Finalisation of Basis of Allotment | 04-Oct-22 |
| Initiation of refunds | 06-Oct-22 |
| Credit of the Equity Shares | 07-Oct-22 |
| Listing Date | 10-Oct-22 |
Company Registered and Corporate Office
G-25, City Centre,
Sansarchand Road,
Near MI Road
Jaipur- RJ 302001
Website: www.insolationenergy.in
Company Promoters
- Mr. Manish Gupta
- Mr. Vikas Jain
Insolation Energy IPO FAQS
What is the INA IPO Price?
The Insolation IPO price band is ₹ 36 – ₹ 38 per share
When Insolation IPO will open?
The Insolation IPO opens on Sep 26, 2022 and closes on Sep 29, 2022
What is the lot size of Insolation Energy IPO?
The Insolation Energy IPO lot size is 3000 Equity Shares and the minimum order quantity is 3000 Equity Shares
Who is the Registrar for Insolation Energy IPO?
The Registrar for Insolation Energy IPO is Bigshare Services Private Limited
How to apply in Insolation Energy IPO through UPI?
Check the step by step process here – Click here
How to apply in Insolation Energy IPO through Zerodha?
Check the step by step process here – Click here
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