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Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
Insolation Energy Ltd
Registered Office:
G-25 City Centre Near MI Road,Sansarchand Road,
Jaipur - 302001,
Rajasthan, India.
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-22
29-Sep-22
38.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 3000     Further Multiples of : 3000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
20.09
Holani Consultants Pvt Ltd
Project Financed
22.16
 
Post Issue
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
No Data Available!!!
DB (International) Stock Brokers Limited: SEBI Reg. No.-INZ000179035 / CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Daga Commodities Private Limited: SEBI Reg. No. INZ000028833
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