Friday, September 10, 2010

IPO: Indosolar, Issue Opens – 13 Sept 2010 Issue Closes – 15 Sept 2010, Recommendation: SUBSCRIBE

Indosolar Ltd entering the capital market with a public issue of Rs 357 crore. The IPO price band has been fixed between Rs 29 and Rs 32 per share of face value Rs 10 each. The issue opens on September 13 and closes on September 15.

 

Indosolar Ltd. is engaged in the manufacturing of solar photo-voltaic (SPV) cells from crystalline silicon wafers used for converting sunlight directly into electricity.

 

Indosolar is looking at expanding its manufacturing capacity further. Expansion through Line 2 with an annual capacity of 80 MW is under progress and is expected to be commissioned by March 2010. The company plans to raise funds through its IPO mainly to fund the expansion of Line 3 which would have an annual manufacturing capacity of 100 MW.

 

Please follow the below link for further readings:  Indosolar

 

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Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
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