Exchanges
BSE, NSE
Industry
Heavy Electrical Equipment
Issue
Book building

Indosolar IPO

₹23.70

−18.28% on listing

Listing-day close · NSE · 29 Sep 2010 · issue price ₹29

Indosolar’s ₹357 crore IPO was priced at ₹29 a share. It listed on the NSE on 29 Sep 2010 and closed its first day at ₹23.70, down 18.28% on the issue price.

Timeline

  1. Opens
  2. Closes
  3. Allotment
  4. Listing

Issue details

Issue size
₹357 Cr
Fresh issue
₹357 Cr
Offer for sale
—
Lot size
200 shares
Minimum investment
₹5,800
Face value
₹10
Registrar
MUFG Intime India

Subscription

Indosolar IPO subscription by investor category
CategoryShares offeredTimes subscribed
Total—1.43×

Overall, from the basis of allotment.

Financials and valuation

Market cap (post-issue)
₹972 Cr
Promoter holding
97.63% → 61.77%

From the offer documents.

Listing

Listing date
29 Sep 2010
Issue price
₹29
Open
₹29.50
High
₹29.50
Low
₹22.60
Close
₹23.70

Listing day on the NSE. The close was −18.28% on the issue price.

FAQs

When did the Indosolar IPO open and close?

It opened on 13 Sep 2010 and closed on 15 Sep 2010.

What was the Indosolar IPO price?

The price band was ₹29–32 a share. The final issue price was ₹29.

What is the lot size and minimum investment?

One lot is 200 shares, ₹5,800 at ₹29 a share. Retail investors apply in whole lots.

How much did Indosolar raise?

₹357 crore: ₹357 crore of new shares.

How many times was the Indosolar IPO subscribed?

1.43 times overall.

How did Indosolar list?

It listed on the NSE on 29 Sep 2010 at ₹29.50 and closed the day at ₹23.70, down 18.28% on the ₹29 issue price.

Who is the registrar of the Indosolar IPO?

MUFG Intime India handles the allotment, refunds and credit of shares.

For information only. Not investment advice or a research report.

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