Insolation Energy Ltd IPO Details, Date, Share Price Range, Issue Size
Author: Libord Brokerage Pvt. Ltd Posted on 22 Sep 2022 12:21:14Category : ipo news
Insolation Energy Ltd Details:
Insolation Energy Ltd has announced public offering of 5832000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 28.00 per share. The gross proceeds of the issue are expected to be Rs 2,216.16 lakhs.
The company's initial public offer (IPO) will open on 26 September 2022 and is expected to close on 29 September 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 36.00-38.00 per share.
The IPO includes a fresh Issue of 5832000 Equity Shares of the Company at an price of Rs 38.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.
Insolation Energy Ltd anticipates using the proceeds of the issue for Funding the Working capital requirements of the Company
General corporate purposes.
HOLANI CONSULTANTS PVT. LTD. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.
If the Insolation Energy Ltd is something that you’re looking to invest in come 26 September 2022, it would be a good idea to start the demat account opening process right away.
Apply online IPO or Contact Libord Broking now to open demat account online within minutes, and install the LibordEasy app from google play store.
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