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Insolation Energy Gets Listed on BSE SME

Jaipur-headquartered solar panel manufacturing company Insolation Energy Ltd (INA Solar) recently got listed on the BSE SME platform as the 400th company.

October 12, 2022. By Manu Tayal

Jaipur-headquartered solar panel manufacturing company Insolation Energy Ltd (INA Solar) recently got listed on the BSE SME platform as the 400th company.
The company said that it is the first solar panel manufacturing company in Rajasthan that has achieved this record.
The listing ceremony was organized in Mumbai in the presence of Piyush Goyal, Minister of Commerce and Industry, Government of India, Ramcharan Bohra, Member of Parliament from Jaipur, Ajay Thakur, Head of BSE SME, Senior Officers of BSE SME, Manish Gupta, Chairman of Insolation Energy, Vikas Jain, Managing Director of Insolation Energy, Akhilesh Kumar Jain, Non-Executive Director of Insolation Energy, Kuljit Singh Popli, Independent Director of Insolation Energy and the entire team of INA Solar.
On the occasion, MP Ramcharan Bohra said that it is a matter of great pride for the people of Jaipur that the company has been listed.
On the other hand, Chairman Manish Gupta thanked all the investors for showing their trust and investing in the company and informed them that the company had launched its IPO at Rs 38 in which 2,25,000 retail applications were received which is the highest in the history of the BSE SME. Happened for the first time. The company subscribed 183 times when the IPO was launched. The company’s IPO was worth Rs 22.16 crore, and the trust of the people in the company was so much that applications worth Rs 4,058 crore came. On the first day, the company's shares were listed at Rs 76.10, giving investors a profit of 100.23 per cent.
Manish Gupta also informed that the company is growing very fast and will soon achieve its targets ahead of time.
Explaining Insolation Energy’s manufacturing facility, Managing Director Vikas Jain told that “the manufacturing of solar panels, batteries and inverters is done in the company’s factory located at Daulatpura Toll Tax, Delhi Road. All the products in the factory are fully automated and made with the latest technology to the best quality under the supervision of experienced engineers.”
Jain further added, “our products are recognized by the national and international standards BIS / ALMM. The company sells solar panels, batteries and inverters under the INA brand name. The company manufactures solar panels up to 40-545 Watt, solar batteries of 40-220 Ah, and solar PCUs up to 440-2500 VA. The company currently has the capacity to manufacture 200 MW of solar panels annually, which are being delivered to customers through over 400 distributors and dealers across Rajasthan, Uttar Pradesh, Haryana, Delhi and Gujarat. The company will open its new factory with a manufacturing capacity of 500 MW in the coming two months. The new unit is being constructed in 1.25 lakh square feet which is located in Jatawali Industrial Area, Tehsil Chomu.”
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