Insolation Energy IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHPLast Updated Date: Nov 17, 2022
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|
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 shareholders 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:
|Amount (in INR & Lakh)|
|Profit After Tax||692.2||689.72||309.25|
Earnings per Equity Share (in Lakh)
|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:
- Mr. Manish Gupta
- 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|
|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
|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.)|
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|
|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
|HOLANI CONSULTANTS PRIVATE LIMITED
401 – 405 & 416 – 418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park, Jaipur – 302016
Tel.: +91 0141 – 2203996
Fax: +91 0141 – 2201259
Investor Grievance ID: firstname.lastname@example.org
Contact Person: Mrs. Payal Jain
SEBI Registration No.: INM000012467
Insolation Energy IPO Registrar to offer
|Registrar to the Offer|
|BIGSHARE SERVICES PRIVATE LIMITED
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
Investor Grievance ID: email@example.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|
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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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