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.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-20 | 2642.44 | 8879.37 | 309.25 | 580.05 |
| 31-Mar-21 | 5045.04 | 16272.92 | 689.72 | 1269.77 |
| 31-Mar-22 | 6668.03 | 21539.13 | 692.2 | 711.97 |
| Amount in ₹ Lakhs |
Objects of the Issue
The objects of the issue are:
- Funding the Working capital requirements of the Company; and
- General corporate purposes.
Insolation Energy IPO Details
| Insolation Energy IPO Date | Sep 26, 2022 to Sep 29, 2022 |
| Insolation Energy IPO Face Value | ₹10 per share |
| Insolation Energy IPO Price | ₹36 to ₹38 per share |
| Insolation Energy IPO Lot Size | 3000 Shares |
| Issue Size | 5,832,000 shares of ₹10 (aggregating up to ₹22.16 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| Company Promoters | Mr. Manish Gupta and Mr. Vikas Jain are the company promoters. |
Insolation Energy IPO Timeline
Insolation Energy IPO opens on Sep 26, 2022, and closes on Sep 29, 2022. The Insolation Energy IPO bid date is from Sep 26, 2022 10.00 A.M. to Sep 29, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Insolation Energy IPO Opening Date | Sep 26, 2022 |
| Insolation Energy IPO Closing Date | Sep 29, 2022 |
| Basis of Allotment | Oct 4, 2022 |
| Initiation of Refunds | Oct 6, 2022 |
| Credit of Shares to Demat | Oct 7, 2022 |
| Insolation Energy IPO Listing Date | Oct 10, 2022 |
Insolation Energy IPO Lot Size
The Insolation Energy IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹114,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹114,000 |
| Retail (Max) | 1 | 3000 | ₹114,000 |
Insolation Energy IPO Promoter Holding
| Pre Issue Share Holding | 97% |
| Post Issue Share Holding |
Insolation Energy IPO Review
IEL is in the solar panel and modules and related products manufacturing and marketing business. Based on its FY22 earnings, the issue appears fully priced. As this segment is poised for a bright prospect ahead, cash surplus investors may consider investment for the medium to long term. Read detail review…
Insolation Energy IPO Prospectus
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/
Insolation Energy IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@holaniconsultants.co.in
Website: http://www.bigshareonline.com