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IPO

IPO Details


Insolation Energy Ltd
Registered Office: G-25 City Centre Near MI Road, Sansarchand Road, Jaipur - 302001, Rajasthan
Phone: 91-9116122139
Email: cs@insolationenergy.in
Website: https://www.insolationenergy.in
Initial public issue of 58,32,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Insolation Energy Limited (Company or Issuer) for cash at a price of Rs. 38/- per equity share (including a share premium of Rs. 28/- per equity share), aggregating Rs. 22.16 crores (The Issue), of which 2,94,000 equity shares of face value Rs. 10/- each for cash at a price of Rs. 38/- per equity share, aggregating Rs. 1.12 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e., net issue of 55,38,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 38/- per equity share, aggregating Rs. 21.04 crores is hereinafter refered to as the Net Issue. The issue and the net issue will constitute 28.00% and 26.58% respectively of the fully diluted post issue paid up equity share capital of the company. Price Band: Rs. 38 per equity share of face value of Rs. 10 each. The Floor Price is 3.8 times the face value of the Equity Shares. Bid can be made for a minimum of 3000 Equity Shares and in Multiples of 3000 Equity Shares thereafter.
Issue Money Payable On
Opens On Closes On Application Allotment
26-Sep-2022 29-Sep-2022 ₹ 38.00 ₹ 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
(₹)Cr. Lead Managers to the Issue
Project Cost 20.09 Holani Consultants Pvt Ltd
Project Financed through Current Offer 22.16
Post Issue Equity Share Capital 20.83
Issue Price ₹38.00
Projects
Funding the working capital requirement of the company
General corporate purpose
Promoted By
Manish Gupta
Vikas Jain
Listing At
BSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd

INDIAN INDICES

Sensex

84,402.32 1,217.52 (1.46%)

Nifty

25,803.45 387.65 (1.53%)

GLOBAL INDICES

USD

83.95 -0.07 (-0.08%)

NASDAQ

18,013.98 440.68 (2.51%)

HANG SENG

18013.16 353.14(2.00%)