Insolation Energy Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

26 Sep 2022

Close Date

29 Sep 2022

Allotment

04 Oct 2022

Listing Date

10 Oct 2022

Exchange

BSE SME

Price Band

₹38

Listing Price

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Allotment Status

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Price Band

₹38

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

58,32,000 shares (aggregating up to ₹22.16 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹114,000

1 lot

Pre-IPO Holding

2,08,32,000 shares

Promoters

Post-IPO Holding

1,50,00,000 shares

Promoters

P/E (Pre)

11.41x

UPI Deadline

2022-09-29

Mandate

Anchor AllotmentSun, 25 Sep 2022

Basis of AllotmentTue, 04 Oct 2022

Refund InitiationThu, 06 Oct 2022

Demat CreditFri, 07 Oct 2022

Listing DayMon, 10 Oct 2022

UPI Mandate Deadline2022-09-29

Sale TypeFresh Capital

Net Offer to Public55,38,000 shares (aggregating up to ₹21.04 Cr)

Market Maker Quota2,94,000 shares (aggregating up to ₹1.12 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Insolation Energy Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 Sep 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	294,000	—	₹1.12
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,832,000	100%	₹22.16

IPO Shares Offered

Insolation Energy Ltd. IPO total issue size: ₹22.16 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	294,000	₹1.12	5.04%
Total	5,832,000	₹22.16	100.00%

* Based on upper price band ₹38 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹38.00

Upper Band

Min Investment

₹114,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹228,000
Retail (Max — 13 Lots)	13	39,000	₹1,482,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,596,000
B-HNI (Min — 68 Lots)	68	204,000	₹7,752,000

* Issue Price ₹38 × Lot Size 3,000 shares

IPO Schedule

Anchor

25 Sep 2022

✓ Done

IPO Open

26 Sep 2022

✓ Done

IPO Close

29 Sep 2022

✓ Done

Allotment

04 Oct 2022

✓ Done

Refunds

06 Oct 2022

✓ Done

Demat Credit

07 Oct 2022

✓ Done

Listing Day

10 Oct 2022

✓ Done

₹38.00

INR · BSE

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Issue ₹38.00 Live Price

About Insolation Energy Ltd.

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; andii. Solar Power Conditioning Unit (PCU) and Lead Acid Batteries tradingIn 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.

Objects of the Issue

1 Funding the working Capital Requirement of our Company

2 General corporate purposes

Insolation Energy Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹21,539.1

31-Mar-22

₹16,272.9

31-Mar-21

₹8,879.4

31-Mar-20

Profit After Tax (PAT)

₹692.2

31-Mar-22

₹689.7

31-Mar-21

₹309.3

31-Mar-20

Particulars	31-Mar-20	31-Mar-21	31-Mar-22
Revenue from Operations	8879.37	16272.92	21539.13
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	309.25	689.72	692.20
Net Worth	N/A	N/A	N/A
Total Assets	2642.44	5045.04	6668.03
Reserves & Surplus	580.05	1269.77	711.97
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered58,32,000 (100.00%)

Net Offer to Public55,38,000 shares (aggregating up to ₹21.04 Cr)

Reserved for Market Maker2,94,000 shares (aggregating up to ₹1.12 Cr)

Pre-Issue Promoter Holding2,08,32,000 shares

Post-Issue Promoter Holding1,50,00,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@holaniconsultants.co.in

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Holani Consultants Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Insolation Energy Ltd. IPO subscribed? ▲

Insolation Energy Ltd. IPO is subscribed 1.00 times by Sep 29, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Insolation Energy Ltd. IPO retail subscription status? ▼

The Insolation Energy Ltd. IPO retail category is subscribed 1.00 times as of 29 Sep 2022. The retail portion is oversubscribed.

How to subscribe Insolation Energy Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 26 Sep 2022 and closes 29 Sep 2022. Min investment: ₹114,000 (1 lot = 3,000 shares). UPI mandate: 2022-09-29.

How many times Insolation Energy Ltd. IPO subscribed? ▼

The Insolation Energy Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Insolation Energy Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 04 Oct 2022. Refunds: on 06 Oct 2022.

When Insolation Energy Ltd. IPO will be listed? ▼

The Insolation Energy Ltd. IPO listing date is 10 Oct 2022, Monday. Listed on: BSE SME. Issue price: ₹38. Estimated listing: ₹38. GMP: NIL.

When Insolation Energy Ltd. IPO close? ▼

The Insolation Energy Ltd. IPO closes on 29 Sep 2022, Thursday. UPI mandate: 2022-09-29. Allotment: 04 Oct 2022. Listing: 10 Oct 2022.

Quick Actions

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Live Price LIVE

Last Price₹38.00

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Issue Price₹38.00

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Quick Summary

StatusListed

Issue Price₹38

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹114,000

GMPNIL

Est. Listing₹38

Subscribed1.00x

Open Date26 Sep 2022

Close Date29 Sep 2022

Allotment04 Oct 2022

Listing Date10 Oct 2022

ExchangeBSE SME

UPI Deadline2022-09-29