Insolation Energy Ltd - IPO

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