Insolation Energy was incorporated on October 15, 2015. The company is engaged in manufacturing solar panels and modules of high efficiency and of various sizes as per the demand in the market. Insolation Energy has a fully automatic 200 MW SPV Module manufacturing unit located at Jaipur, spread over 60,000 Sq. ft area with the latest machinery and stringent quality assurance process which delivers quality solar PV modules.
| Bidding Dates |
|---|
| 26 Sep 2022 - 29 Sep 2022 |
| Subscription |
|---|
| 192.71x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,14,000 | 1 | 1 | 3000 | 5.8 M | ₹36 - ₹38 | 72.01 % | ₹209.9 M - ₹221.6 M | RHP DOC |
Insolation Energy IPO SUBSCRIPTION STATUS
29 Sep '22Insolation Energy IPO overall subscription rate was 192.71 times the total available shares
Insolation Energy IPO retail subscription rate was 235.4 times in the retail segment
Insolation Energy IPO non-institutional investor subscription rate was 150.02 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
29 Sep 2022 (Day 4) | 235.4x | 150.02x | - |
28 Sep 2022 (Day 3) | 99.5x | 28.3x | - |
27 Sep 2022 (Day 2) | 40.96x | 5.06x | - |
26 Sep 2022 (Day 1) | 5.65x | 1x | - |
Insolation Energy FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY22 | 69.3 | 2,153.2 | 93.1 | 61.8 |
Insolation Energy IPO SUBSCRIPTION STATUS DETAILS
Insolation Energy had 5.8 M shares on offer
Insolation Energy IPO offer price was in the range ₹36 - ₹38
Insolation Energy IPO minimum Investment was ₹114000
Insolation Energy IPO issue size was ₹ 209.9 M - ₹ 221.6 M
Insolation Energy had a minimum lot size of 3000 Shares per application
Insolation Energy NUMBER OF SHARES ON OFFER
Insolation Energy IPO IMPORTANT DATES
| Issue Open Date | 26 Sep 2022 |
| Issue close Date | 29 Sep 2022 |
| Allotment Date | 04 Oct 2022 |
| Refund Date | 06 Oct 2022 |
| Demat Account Credit Date | 07 Oct 2022 |
| Listing Date | 10 Oct 2022 |
| Listing on Exchange(s) | BSE |
| Insolation Energy Allotment Status | Exchange |
Insolation Energy IPO subscription opened on 26 Sep 2022, and closed on 29 Sep 2022
IPO allotment for Insolation Energy was finalized on Tuesday, 04 Oct 2022
IPO listing for Insolation Energy was on BSE on Monday, 10 Oct 2022
Insolation Energy IPO LISTING GAINS
| Issue Price (adjusted) | 3.6 |
| Listing Open Price | 76.1 |
| Listing Close Price | 79.9 |
| Listing Gain% | 111.4% |
| Current Gain% | 2943.1% |
Insolation Energy Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Insolation Energy Ltd | 109.6 | 228.2 | 12 | -0.1 | 1.1 | 24.8 | 9.3 | 2163.5 | 61.1 | 200.2 | 58.7 | 9.1 | -85 |
| Adani Power Ltd. | 209.1 | 403243 | 28.3 | 1.9 | 6.8 | 19.8 | 9 | 57865.3 | -1.8 | 12834.3 | -0.8 | 7.4 | 14.9 |
| NTPC Ltd. | 339.9 | 329589.7 | 11.9 | 0.7 | 1.7 | 13.3 | 4.8 | 189798.6 | -0.6 | 27052.5 | 15.5 | 28.6 | 15.9 |
| Power Grid Corporation of India Ltd. | 270.4 | 251441.8 | 15.8 | 5.2 | 5.3 | 15.8 | 5.4 | 47684.4 | 0.5 | 15928 | 2.6 | 17.1 | 3 |
| Adani Energy Solutions Ltd. | 1625.4 | 198779 | 68.1 | 3.1 | 6.5 | 9 | 2.4 | 28325.2 | 15.9 | 2282.5 | 115.3 | 23.9 | 21.8 |
| Tata Power Company Ltd. | 380.6 | 121614.6 | 31.5 | -6.5 | 1.9 | 9.5 | 2.1 | 64171.7 | -4.2 | 3747.2 | -5.6 | 12.1 | -4.8 |
Insolation Energy INFORMATION ON IPO ISSUE
About Insolation Energy
Insolation Energy was incorporated on October 15, 2015. The company is engaged in manufacturing solar panels and modules of high efficiency and of various sizes as per the demand in the market. Insolation Energy has a fully automatic 200 MW SPV Module manufacturing unit located at Jaipur, spread over 60,000 Sq. ft area with the latest machinery and stringent quality assurance process which delivers quality solar PV modules.
Object of the Issue
- Funding the working capital requirements of the company
- General corporate purposes
Insolation Energy - PROMOTERS
| Name |
|---|
| Manish Gupta |
| Vikas Jain |
Insolation Energy Lead Manager to the Issue
Holani Consultants Private Limited
ipo@holaniconsultants.co.in
Insolation Energy Registrar to the Issue
Bigshare Services Private Limited
ipo@bigshareonline.comWebsite
Insolation Energy Strengths
Experienced key management personnel
The company is promoted by first-generation entrepreneurs, Manish Gupta and Vikas Jain, having rich experience and exposure of approximately 23 years in various sectors such as steel, industrial pipeline accessories, real estate, health and fitness, and captive and independent solar power producer
Strong relationships with customers
The company offers a varied range of customized solutions for solar power projects and adopts a consultative approach to customers’ solar energy needs, which enables it to provide customized solutions to meet their requirements
Strong growth and financial performance
The company has demonstrated strong financial performance and its revenues have grown at a CAGR of 34.37% from Rs 88.8 crore in FY20 to Rs 215.3 crore in FY22
Dedicated team
The company has a dedicated design and engineering team focused on innovation and developing efficient and cost-effective engineering solutions
Insolation Energy Risks
Susceptible to unavailability of raw materials
The company does not have long-term contracts with suppliers of solar PV cells and all other raw materials and therefore, is susceptible to potential unavailability of raw materials
Dependent on one product
The company derives a significant amount of revenue from only one product and therefore its continued success is necessary for business and prospect
Subsidiary competition
The subsidiary may have conflicts of interest as they are engaged in a similar business or industry segments and may compete with the company
IPO FAQs
Insolation Energy Ltd. IPO listing opened at Rs 76.10 while the issue price was Rs 36.00 giving 111.39% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 3.60 giving 2943.06% gains since its IPO listing.
The promoters of the company are Manish Gupta and Vikas Jain.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 36.0 - 38.0.
The IPO application opens on Sep 26, 2022 and closes on Sep 29, 2022.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 114,000.0, the maximum value for this IPO is Rs 114,000.0.
This IPO will be allotted on Oct 04, 2022.
The refund will be credited to your account on Oct 06, 2022.
The allotted shares will be credited to your demat on Oct 07, 2022.
Insolation Energy Ltd.’s shares listed on the stock exchanges on Oct 10, 2022.