Insolation Energy Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹38(100.00%)
Premium (ELP)
Following its successful public offering, Insolation Energy Limited's made its market debut on Oct 10, 2022 and is now actively traded on the BSEplatform. The IPO mobilized 58,32,000 Shares in total capital, including TBD in primary equity infusion.
The offering was structured with a price band of ₹38 to ₹38 and minimum investment lots of 3000 shares. Investor participation during the subscription window from Sep 26, 2022 to Sep 29, 2022 demonstrated market confidence in the company's prospects.
The allotment process concluded on Oct 04, 2022, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2015, Insolation Energy Ltd is engaged in the manufacturing of high-efficiency solar panels and modules, operating a 200 MW SPV module manufacturing unit in Jaipur spread over 60,000 sq. ft with advanced machinery. The company’s business includes solar PV module manufacturing and trading of Solar Power Conditioning Units (PCUs) and tall tubular lead-acid batteries, which store energy generated from solar panels. Additionally, Insolation Energy provides integrated solar energy solutions through engineering, procurement, and construction (EPC) services, and has established a geographically diversified presence in India via a network of over 30 distributors.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Manish Gupta
- Mr. Vikas Jain
Insolation Energy Limited
Bigshare Services Private Limited