Insolation Energy IPO will open for subscription from 26 September 2022. the company aims for an issue size of ₹22.16 Cr through this IPO.
Insolation Energy Limited
The company is engaged in the business of manufacturing solar panels and modules of high efficiency of various sizes from its fully automatic state-of-the-art 200 MW (Rated Installed Capacity) SPV Module manufacturing unit located at Jaipur, spread over more than 60,000 Sq. ft area with the latest machinery. 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. Insolation Energy is also an integrated solar energy solutions provider offering engineering, procurement, and construction (EPC) services to its customers.
The company has established a geographically diversified presence in India through an extensive distributor network of 30+ distributors. Its key domestic customers include Livguard Energy Technologies, Livfast Batteries, Shakti Pumps, Microtek International, Zunroof Tech, etc.
The company formed a wholly-owned subsidiary in the name of Insolation Green Energy Private Limited (IGEPL) in FY 2020-21 with the object of setting up a solar PV module manufacturing unit with the proposed annual installed capacity of 500MW in two phases, wherein the company has placed the order for acquiring machines with an installed capacity of 250 MW. IGEPL has incurred capital expenditure to the tune of INR6.51 crore up to 31 May 2022 towards acquiring plant & machinery, setting up factory shed, and other installations.
Objects of the Issue
- Funding the Working capital requirements of the Company.
- General corporate purposes.
Basic details about the company
| Full name | Insolation Energy Limited |
| Sector | Electricals |
| Industry | Electronics – Components |
| Company Website | https://insolationenergy.in/ |
Dates to remember
| IPO Opening date | 26 September 2022 |
| IPO Closing | 29 September 2022 |
| Basis of Allotment | 04 October 2022 |
| Initiation Refunds | 06 October 2022 |
| Credit to Demat Account | 07 October 2022 |
| Listing Date | 10 October 2022 |
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 Lot Size | 3000 Shares |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹22.16 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
Insolation Energy IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹114,000 |
| Retail (Max) | 1 | 3000 | ₹114,000 |
Insolation Energy IPO Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Insolation Energy Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 8,879.37 | 16,272.92 | 21,539.13 |
| Expenses | 8,427.81 | 15,346.21 | 20,609.82 |
| Net income | 309.25 | 689.72 | 692.20 |
Insolation Energy Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 2.06 | 4.60 | 4.62 |
| PE ratio | – | – | – |
| RONW (%) | 37.26 | 45.38 | 31.33 |
| NAV | – | – | 14.75 |
| Debt/Equity ratio | – | 2.32 | 2.14 |
| ROCE (%) | – | 53.45 | 42.36 |
Company Promoters
- Mr. Manish Gupta
- Mr. Vikas Jain
Insolation Energy Promoter Holding
| Pre Issue Share Holding | 97% |
| Post Issue Share Holding |
Lead Manager(s)
- Holani Consultants Private Limited
Insolation Energy IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6 – 2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Cave Road, Andheri (East),
Mumbai – 400093, Maharashtra
Phone: 22 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Insolation Energy Contact Details
INSOLATION ENERGY INDIA LIMITED
G-25, City Centre, Sansarchand Road,
Near MI Road, Jaipur 302001, Rajasthan
Phone: +91 9116122139
E-mail: cs@insolationenergy.in
Website: www.insolationenergy.in
Insolation Energy IPO Allotment Status
Insolation Energy IPO allotment will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Insolation Energy IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
