Insolation Energy Ltd: A market share from the solar panel maker Insolation Energy has seen significant growth.
In less than two years, they’ve gone up by over 10900 percent. Insolation Energy’s IPO was launched on September 26, 2022.
The price of Insolation Energy’s shares during the IPO was 38 rupees. Insolation Energy’s shares ended at Rs 4201.90 on November 19, 2024.
The 52-week high for Insolation Energy’s share is Rs 4750. In the same way, the 52-week low of the share of the company is Rs 595.15.
The Company’s Share Rise By 10957 Percent In 25 Months
The stake in Insolation Energy Limited has jumped by 10957 percent over the past 25 months.
Insolation Energy Limited’s IPO began on the 26th of September 2022, and it remained open until 29 September.
The cost of the company’s shares during the IPO was 38 rupees. Insolation Energy share was listed on October 10, 2022, at the price of Rs 76.10 and more than 100 percent growth.
When the stock was first listed the share of the company rose quickly to Rs 79.90.
Since the date of listing its share has experienced a significant increase. The price of a share for the company was at Rs 4201.90 on the 19th of November, 2024.
The Company Is Splitting Shares
Insolation Energy is splitting its shares. The board of directors discussed the split of shares (stock split) at a meeting on November 5, 2024, and agreed with the split.
Solar panel manufacturer Insolation Energy is splitting a share with a face price that is Rs 10 into 10 shares, each with a face value of 1 rupee.
The company hasn’t yet set a time for recording the split.
The Company’s IPO Was Subscribed More Than 192 Times
Insolation Energy Limited’s IPO was backed by a sum in the range of 192.79 times.
The retail investor share of Insolation Energy Limited’s IPO was taken up 235.55 times. In addition, 150.02 times bets were put in the non-institutional investors (NII) grouping.
Quick Fact
| Company name | Insolation Energy |
|---|---|
| IPO launch date | September 26, 2022 |
| IPO closing date | September 29, 2022 |
| IPO price per share | ₹38 |
| Listing date | October 10, 2022 |
| Listing price | ₹76.10 |
| Initial rise in price | Over 100% |
| Price on Nov 19, 2024 | ₹4201.90 |
| Growth in 25 months | 10957% |
| IPO subscription rate | 192.79 times |
| Retail subscription | 235.55 times |
| Non-institutional subscription | 150.02 times |
| Board decision date for stock split | November 5, 2024 |
| Share split ratio | 1 share (₹10) into 10 shares (₹1 each) |
| The initial rise in price | Not announced |
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