Insolation Energy IPO Details

Subscription StatusAllotment StatusListing Date

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

Insolation Energy IPO

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

DescriptionIPO Details
Public IssueInitial Public Issue of upto 5,832,000 Equity Shares of ₹ 10 (aggregating up to ₹ 2,216.16 lakhs)
Issue Open  Date26-Sep-22
Issue Close Date29-Sep-22
Issue TypeBook 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 InvestorRs. 2,00,000
Listing BSE SME
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Insolation IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum13000₹ 1,14,000
Maximum13000₹ 1,14,000

Insolation IPO Lead Managers

  • Holani Consultants Pvt Ltd

Insolation IPO Registrar

INA IPO Allotment Date, Listing Date and other Important Dates

Bid / Offer Opens on26-Sep-22
Bid / Offer Closes on29-Sep-22
Finalisation of Basis of Allotment04-Oct-22
Initiation of refunds 06-Oct-22
Credit of the Equity Shares07-Oct-22
Listing Date10-Oct-22

Company Registered and Corporate Office

G-25, City Centre,
Sansarchand Road,
Near MI Road
Jaipur- RJ 302001

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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