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.
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.
The Company successfully established a geographically diversified presence in India through an extensive distributor network of 30+ distributors. The Company’s local presence and distributor network along with our brand recognition, should ensure that the company are well-placed to serve this growing market. In India, The Company have developed a significant client base purchasing our solar PV modules and EPC services. The Company key domestic customers include Livguard Energy Technologies Pvt. Ltd., Livfast Batteries Pvt. Ltd., Shakti Pumps India Ltd., Microtek international P. Ltd., Zunroof Tech Pvt. Ltd. etc.
The business areas are as under:
- Solar PV module manufacturing; and
- Solar Power Conditioning Unit (PCU) and Lead Acid Batteries trading
Competitive Strengths
- Experienced key management personnel, project management and operations team with an excellent track record.
- Strong relationships with customers, employees and other key stakeholders.
- Strong growth and financial performance backed by an asset-light business model.
- A dedicated design and engineering team focused on innovation and developing efficient and cost-effective engineering solutions.
- Cordial relationship between management and labour.
- Ability to provide EPC as supplemental value addition to our solar PV module manufacturing business.
Company Promoters
- Mr. Manish Gupta
- Mr. Vikas Jain
Company Financials
| Particulars | 31 March 2022 | 31 March 2021 | 31 March 2020 |
|---|---|---|---|
| Total Revenue | 21,539.13 | 16,272.92 | 8,879.37 |
| Total Expense | 20,609.82 | 15,346.21 | 8,427.81 |
| Profit Before Tax | 929.32 | 926.71 | 451.56 |
| Profit After Tax | 692.20 | 689.72 | 309.25 |
Object Of The Issue
- Funding the Working capital requirements of our Company; and
- General corporate purposes.
Insolation Energy IPO – Details
| IPO Opening Date | 26 September 2022 |
| IPO Closing Date | 29 September 2022 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ₹22.16 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 – ₹38 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
Insolation Energy IPO – Date Schedule
| IPO Open Date | 26 September 2022 |
| IPO Close Date | 29 September 2022 |
| Basis of Allotment Date | 04 October 2022 |
| Initiation of Refunds | 06 October 2022 |
| Credit of Shares to Demat Account | 07 October 2022 |
| IPO Listing Date | 10 October 2022 |
Insolation Energy IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 3000 | 1,14,000 |
| Maximum | 1 | 3000 | 1,14,000 |
Insolation Energy IPO Promoter Holding
| Pre Issue Share Holding | 97% |
| Post Issue Share Holding |
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 |
Insolation Energy IPO Lead Manager(s)
| 1. Holani Consultants Private limited |
Insolation Energy IPO FAQs
| What is Insolation Energy IPO? Insolation Energy IPO is a SME IPO. The issue is priced at ₹38 per equity share. The IPO is to be listed on BSE SME. |
| When Insolation Energy IPO will open? The IPO is to open on 26 September 2022 for QIB, NII and Retail Investors. |
| What is Insolation Energy IPO Investors Portion? The investors’ portion for QIB-50%, NII-15%, and Retail 35%. |
| How to Insolation Energy IPO? You can apply Insolation Energy IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Insolation Energy IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Insolation Energy”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Insolation Energy IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Insolation Energy”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Insolation Energy IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Insolation Energy”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Insolation Energy IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Insolation Energy”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Insolation Energy IPO Size? Insolation Energy IPO size is ₹22.16 crores. |
| What is Insolation Energy IPO Price Band? Insolation Energy IPO Price Band is ₹38. |
| What is Insolation Energy IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,14,000 amount while the maximum bid is 3000 shares with ₹1,14,000. |
| What is the Insolation Energy IPO Allotment Date? Insolation Energy IPO allotment date is 04 October 2022. |
| What is the Insolation Energy IPO Listing Date? Insolation Energy IPO listing date is 10 October 2022. The IPO is to list on BSE SME. |
