✓
Open
13 Sep 2010
✓
Close
15 Sep 2010
3
Allotment
—
✓
Listing
Wed, Sep 29, 2010
Price Band
₹29 to ₹32
Issue Size
12,31,03,448 shares (agg. up to ₹357 Cr)
Lot Size
200 Shares
Listing Date
Wed, Sep 29, 2010
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.43x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Tarapur Transformers Ltd. | Mainboard | ₹63.75 Cr | ₹75 | null | ₹57.40 | -23.47% | ₹18.24 (-2.84%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance the expansion of the annual manufacturing capacity for SPV cells by adding a third line of 100 MW, (“Line 3”); and | 337.43 |
| 2 | General corporate purposes | 15.52 |
About Indosolar IPO
Incorporated in 2005, Indosolar Limited is a leading Indian manufacturer for photovoltaic cells. Indosolar manufactures poly-crystalline solar photo-voltaic (SPV) cells from silicon wafers utilizing crystalline silicon SPV cell technology for converting sunlight directly into electricity through a process known as the photo-voltaic effect. Indosolar Ltd market and sell their products to primarily module manufacturers on a business-to-business platform, who in turn supply to the system integrators who install the systems for grid and off-grid (roof top) applications for use in the domestic market as well as markets in Europe, Spain, Japan, Asia, Canada and USA.Company's manufacturing facility for SPV cells in Greater Noida currently comprises of one SPV cell manufacturing line having an annual capacity of 80 MW which commenced commercial production in July, 2009. Another SPV cell manufacturing line having an annual manufacturing capacity of 80 MW is expected to be commissioned and will commence commercial production in March 2010, resulting in aggregate annual capacity of 160 MW as part of their expansion plan. Company intends to increase their annual production capacity to approxim
Contact Details
Indosolar Ltd. AddressIndosolar LimitedC-12, Friends Colony (East)New Delhi, New Delhi, 110065+91 11 26841375atul.mittal@indosolar.co.inVisit Website