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Let’s have a detailed review of the company and analytics of the Insolation Energy IPO release date, IPO offer price, subscription, Insolation Energy Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs. 10
Price Band Rs. 36 to Rs.38
Listing At BSE SME
Min. Order Quantity 3000 shares
Listing Date Oct 10, 2022
Offer for Sale
Fresh Issue Rs. 2,216.16 Lakh
IPO Size Rs. 2,216.16 Lakh
Tick Size 1

Insolation Energy IPO is listed at a Rs. X premium. Check out the live share price by clicking on the below link.

Insolation Energy IPO – Summary

The company was originally formed & incorporated as a Private Limited Company at Jaipur, Rajasthan under the Companies Act, 2013 under the name and style of “Insolation Energy Private Limited” vide certificate of incorporation dated October 15, 2015 bearing Corporate Identity Number U40104RJ2015PTC048445 issued by the Registrar of Companies, Jaipur, Rajasthan.

Subsequently, their company was converted into Public Limited Company vide special resolution passed by their shareholdersInsolation-Energy IPO at the Extra Ordinary General Meeting held on January 24, 2022 and the name of the company was changed to “Insolation Energy Limited” pursuant to the issuance of Fresh Certificate of Incorporation dated February 07, 2022 by Registrar of Companies, Jaipur, Rajasthan.

The Corporate Identification Number of their company is U40104RJ2015PLC048445.

The Promoter of this company is Mr. Manish Gupta and Mr. Vikas Jain. The lead manager to the issue is Holani Consultants Private Limited, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED .

Insolation Energy IPO Date

The opening of Insolation Energy IPO will be on Sep 26, 2022 and the closing date Sep 29, 2022.

Insolation Energy IPO Subscription

Day / Date NII RII Total Subscription
1st Day – 26th Sept 1.00x 5.65x 3.33x
2nd Day – 27th Sept       5.06x 40.96x 23.01x
3rd Day – 28th Sept 28.30x 99.50x 63.90x
4th Day – 29th Sept 150.02x 235.55x 192.79x
Shares Offered or Net Issue 2,769,000x 2,769,000x 5,538,000x

The shares subscribed by the public will be updated here.

Insolation Energy IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Insolation Energy Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization Oct 4, 2022
Refunds Initiation Oct 6, 2022
Credit of Shares to Demat Account Oct 7, 2022
Share Listing Date Oct 10, 2022

Insolation Energy IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.36 to Rs.38.

Insolation Energy IPO Equity Size

This Initial Public Issue of 5,832,000 Equity Shares of Rs.10 each for cash at a price of Rs.36 to Rs.38 per equity share aggregating to Rs.2,216.16 Lakh.

Insolation Energy IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of NA Equity Shares of Rs.10/ each.

Issue Size:5,832,000 Equity Shares of Rs.10 each, aggregating to Rs. 2104.44 Lakh.

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    Insolation Energy IPO – Live Performance

    The listing date of this IPO is Oct 10, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Insolation Energy Share Price

    Insolation Energy IPO Grey Market Premium

    The Insolation Energy Limited IPO Grey Market Premium price is Rs. 35 , the Kostak rate is Rs X and the Subject to Sauda is Rs. 90000. 

    Insolation Energy IPO – Company Overview

    Their Company 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, their 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.

    They are also an integrated solar energy solutions provider offering engineering, procurement and construction (“EPC”) services to their customers.

    Insolation Energy IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    31-Mar-22 31-Mar-21 31-Mar-20
    Total Assets 6668.03 5045.04 2642.44
    *Total Revenue 21539.13 16272.92 8879.37
    Total Expense 20,609.82 15,346.2 8,427.81
    Profit After Tax 692.2 689.72 309.25

    Earnings per Equity Share (in Lakh)

    31-Mar-22 31-Mar-21 31-Mar-20
    Basic & Diluted 4.62 4.60 2.06


    Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.692.2 Lakh, Rs.689.72 Lakh, and Rs. 309.25 Lakh, respectively.

    Insolation Energy IPO – Promoters

    The Promoter of this company is:

    1. Mr. Manish Gupta
    2. Mr. Vikas Jain

    List of Related Parties (Key Managerial Personnel)

    • Manish Gupta, Chairman and Whole‐time Director
    • Nitesh Kumar Lata, Chief Financial Officer
    • Snigdha Khandelwal, Company Secretary & Compliance Officer

    Insolation Energy IPO – Promoters Holding

    • Pre Issue Share Holding -97%
    • Pos Issue Share Holding -%

    Insolation Energy IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to NA Equity Shares aggregating up to Rs. 2,216.16 Lakh
    of which:
    Issue Reserved for the Market Makers Up to NA Equity Shares aggregating up to Rs.1,11.72
    Net Issue to the Public Up to NA Equity Shares aggregating up to Rs. 2104.44
    Of which:
    Retail Investors Portion Not less than 50%
    Other than Retail Individual Investors Not more than 50%
     Equity Shares outstanding prior to the Issue 1,50,00,000 Equity Shares
     Equity Shares outstanding after the Issue NA Equity Shares

    Insolation Energy IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Funding the Working capital requirements of the Company;

    2. General corporate purposes.

    Insolation Energy IPO – Business Strategy

    • Focus on existing markets and tender bidding for Government.
    • Continuously holding markets Trends.
    • Supply of Quality Products.
    • Fulfillment of Order Quantity.

    Insolation Energy IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Experienced key management personnel, project management and operations team with an excellent track record.
    • Strong relationships with customers, employees and other key stakeholders.
    • Strong growth and financial performance backed by an asset-light business model.
    •  A dedicated design and engineering team focused on innovation and developing efficient and cost-effective engineering solutions.
    •  Cordial relationship between management and labour.
    • Ability to provide EPC as supplemental value addition to their solar PV module manufacturing business.

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Dec-22 4.62 31.33% 14.75
    31-Mar-21 4.60 45.38%
    31-Mar-20 2.06 37.26%

    Insolation Energy IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%) Total Income (Rs. in Lakhs)
    Insolation Energy Limited 10 4.62 31.33 21,532.45
    Listed Peers
    Swelect Energy System Limited 10 13.84 22.29 4.76 28,572.86
    Waa Solar Limited 10 6.49 5.70 4.21 4,600.20

    Insolation Energy IPO Lead Managers

    Lead Managers
    401 – 405 & 416 – 418, 4th Floor, Soni Paris Point,
    Jai Singh Highway, Bani Park, Jaipur – 302016
    Tel.: +91 0141 – 2203996
    Fax: +91 0141 – 2201259
    Website: www.holaniconsultants.co.in
    Email: ipo@holaniconsultants.co.in
    Investor Grievance ID: complaints.redressal@holaniconsultants.co.in
    Contact Person: Mrs. Payal Jain
    SEBI Registration No.: INM000012467

    Insolation Energy IPO Registrar to offer

    Registrar to the Offer
    Office No. S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road,
    Next to Ahura Centre, Andheri (East), Mumbai – 400093
    Tel: +91 022-6263 8200
    Fax: +91 022-6263 8299
    Website: www.bigshareonline.com
    Email: ipo@bigshareonline.com
    Investor Grievance ID: investor@bigshareonline.com
    Contact Person: Mr. Aniket Chindarkar
    SEBI Registration Number: INR000001385

    Insolation Energy IPO – Other Details

    • Statutory Auditor – M/s. Badaya & Co., Chartered Accountants
    • Legal Counsel to the Company – Chir Amrit Corporate LLP
    • Bankers to the Company – State Bank of India

    Insolation Energy IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Insolation Energy Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Insolation Energy IPO Review FAQs

      Check out various FAQs related to Insolation Energy IPO:

      What is the Issue Size of Insolation Energy IPO?

      The Company is making an initial public offer of 5,832,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.

      What is the Price band of Insolation Energy IPO?

      The price band for this particular IPO ranges between Rs. 36 to Rs. 38. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Insolation Energy IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 26, 2022, while the closing date is set at Sep 29, 2022.

      What is the Insolation Energy IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Oct 4, 2022, refund initiation is on Oct 6, 2022, credit of shares is on Oct 7, 2022, and share listing date is on Oct 10, 2022.

      What is the Insolation Energy IPO Listing Date?

      Shares of this company shall be listed in the exchanges Oct 10, 2022. The date, when the listing would be done, is stagnant on Oct 10, 2022.

      Who is the Registrar of Rhetan IPO?

      One of the reputed registrars is managing the issue of this IPO, BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Rhetan IPO?

      Here are the promoters of this IPO – Mr. Manish Gupta and Mr. Vikas Jain. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is GMP of Insolation Energy IPO?

      They have obtained the GMP of this IPO and it is Rs.35 Further insights of Kostak rate and subject to sauda or SS Rs. 90000 are as well included in this report.

      Is Rhetan IPO good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Insolation Energy Company?

      They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.692.2 Lakh, Rs.689.72 Lakh, and Rs. 309.25 Lakh, respectively.

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      Asset Class ROI (Rs.) Profit (Rs.) Profit (%)
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