Insolation Energy Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,769,000 (47%) | — | ₹1,052 Cr |
| Retail | — | 2,769,000 (47%) | — | ₹1,052 Cr |
| Market Maker | — | 294,000 (5%) | — | ₹11 Cr |
| Σ Total | — | 5,832,000 (100%) | — | ₹22,162 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹114,000 |
| Retail (Max) | 13 | 39,000 | ₹1,482,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,596,000 |
| B-HNI (Min) | 67 | 201,000 | ₹7,638,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 |
|---|---|---|---|
| Revenue | 8,879 | 16,273 | 21,539 |
| Profit After Tax | 309 | 690 | 692 |
| Total Assets | 2,642 | 5,045 | 6,668 |
| Reserves & Surplus | 580 | 1,270 | 712 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding the working Capital Requirement of our Company – 15.45
- 2 General corporate purposes – 4.64
Company Overview
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.