Insolation Energy IPO

Insolation Energy IPO

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 nameInsolation Energy Limited
IndustryElectronics – Components
Company Website

Dates to remember

IPO Opening date26 September 2022
IPO Closing29 September 2022
Basis of Allotment04 October 2022
Initiation Refunds06 October 2022
Credit to Demat Account07 October 2022
Listing Date10 October 2022

Insolation Energy IPO Details

Insolation Energy IPO DateSep 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 Size3000 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹22.16 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME

Insolation Energy IPO Lot Size

Retail (Min)13000₹114,000
Retail (Max)13000₹114,000

Insolation Energy IPO Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

Insolation Energy Financial Performance

 FY 2020FY 2021FY 2022
Net income309.25689.72692.20
(Figures are in ₹ Lakhs)

Insolation Energy Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio
RONW (%)37.2645.3831.33
Debt/Equity ratio2.322.14
ROCE (%)53.4542.36

Company Promoters

  • Mr. Manish Gupta
  • Mr. Vikas Jain 

Insolation Energy Promoter Holding

Pre Issue Share Holding97%
Post Issue Share Holding

Lead Manager(s)

  • Holani Consultants Private Limited

Insolation Energy IPO Registrar

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

Insolation Energy Contact Details

G-25, City Centre, Sansarchand Road,
Near MI Road, Jaipur 302001, Rajasthan
Phone: +91 9116122139

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

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