Insolation energy listed on BSE SME segment on 10 october 2022 just about four months ago. Insolation energy was jaipur based solar panel manufacturing company raises 23 crores from investors. Use this money for working capital management and future big deals and acquisitions.
Currently company have 210 MV manufacturing capacity in jaipur plant and after raising capital company will set another 500 MV plants for panel making.
Insolation Energy Ltd is a manufacturer of solar panels in India specializing in producing high-efficiency solar PV Modules, based out in Jaipur, Rajasthan. They are among the top 8 solar panel brands in India. The company has many years of experience in this business segment with over 500 projects delivered with 250 MV of Solar Modules Supply and 10000+ customers they served. They are doing Solar PV module manufacturing and Solar Power Conditioning Unit (PCU) and Lead Acid Batteries trading as well.
In addition to the manufacture of solar PV modules, the Company also trades in Solar Power Conditioning Unit (PCU) which uses solar energy and power from the grid to charge batteries and tall tabular Lead Acid Batteries which are used to store energy generated from the solar panels. IEL is also an integrated solar energy solutions provider offering engineering, procurement, and construction (“EPC”) services to customers. The company sells its products under the brand name “INA”.
Manish Gupta, chairman of Insolation Energy, said “the company is overwhelmed by the confidence of the investors shown on us. We are committed to perform and try to match the expectation of our investors. The company will be among top 10 Solar brands in India both in terms of capacity and sales in next two years.”
Multibagger Returns In Four Months
Insolation energy have ipo price of 38 and listed on 10 oct 2022 at a price of 72 from this stock stock went to high at 80 at same day. Currently stock trading at 150 rupees in just four months stock gave multibagger returns to shareholders. Today stock was trading at 16% up with 11 crores trading amount. In four months stock gave 400% returns. Company hold market cap of 266 crores.
Company not announced any dividend yet. Analyst will estimates company’s revenue will increases upto 2000 crores till 2026.
One lakhs become seven crore in this company : Bharat rasayan