Insolation Energy up 8% on board nod to shift from SME to main board

The buying on the counter came after the company's board approved the migration of equity shares from the SME category to the mainboard (BSE, NSE)

Insolation Energy shares gained 7.5 per cent on BSE, logging an intra-day high at ₹179.85 per share on BSE. At 10 AM, Insolation Energy's share price was up 6.25 per cent on BSE at ₹177.7 per share. In comparison, the BSE Sensex was down 0.06 per cent at 84,508.68.

 

The market capitalisation of the company stood at ₹3,915.5 crore. The 52-week high was at ₹475 per share, and the 52-week low was at ₹157.5.  

 

Why were Insolation Energy shares in demand?

The buying on the counter came after the company's board approved the migration of equity shares from the SME category to the mainboard platform. 

 

 

"We would like to inform that the board of directors of the company, at their meeting held on Thursday, October 23, 2025, has inter alia considered and approved the information memorandum (IM) related to the migration of listing/trading of equity shares of the company from the SME platform of BSE Limited to the main board of BSE Limited and direct listing/ trading of equity shares of the company on the main board of National Stock Exchange of India Limited (NSE)," the filing read. 

 

Additionally, the board also provided the authorisation to borrow up to ₹5,000 crore. 

 

That apart, recently, the company arm Insolation Green Energy Private Limited incorporated a wholly-owned subsidiary, namely PRGE Green Infra on October 22, 2025, PRGE Green Infra Private Limited has been incorporated as a special purpose vehicle (SPV) for the purpose of setting up solar power plants.

 

PRGE Green Infra will carry on the business of solar power plant development, erection, installation, establishment, construction, operation and maintenance, and consultancy of any renewable energy power plants. Design, supply, erection, testing and commissioning, including comprehensive Operation and Maintenance (O&M) of Rooftop Solar (RTS) photovoltaic power projects. 

 

Insolation Energy is a solar panel manufacturer and energy solutions provider based in India, known by the brand INA Solar. Founded in 2015, the company produces a variety of solar PV modules and offers services for residential, commercial, and industrial projects, including off-grid and grid-connected systems.