Business Standard

Insolation Energy Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

22.16 cr

Price Range (₹)

38

Lot Size

3000

Min Investment (₹)

1,14,000.00

Listing Exchange

BSE - SME

Open Date

26-Sept-2022

Close Date

29-Sept-2022

Listing Date

10-Oct-2022

Insolation Energy Ltd News

    The Shares of Insolation Energy Ltd have now been listed.

    Insolation Energy Ltd IPO Details

    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.

    Objective of issue

    Funding the working capital requirement of the company. General corporate purpose.

    Insolation Energy Ltd Contact Details

    Insolation Energy Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@insolationenergy.in

    Website - https://www.insolationenergy.in