Indosolar - Diwali Mahurat Picks by India Capital Markets

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Indosolar Ltd is in the business of manufacturing 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 “photovoltaic
effect”. Indosolar Ltd markets and sells products primarily to module
manufacturers on a business-to-business platform, who in turn supply to the system
integrators who installs 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.

IndiaER.blogspot.com: ONLY website that got Indosolar GMP right!!!

IndiaER.blogspot.com is the ONLY website that got Indosolar GMP right!!!

All other websites showed a premium. IndiaER was bold enough to report a discount and make the investors wary.


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Indosolar at 9:30 am IST

Last Price	24.40
Prev. Close	29.00
Close Price	-
Change	-4.60
% Change	-15.86

Recent IPO Issue prices

Sl No	IPO	Date of Issue	Price Range	Final Price
1	INDOSOLAR LIMITED	13/09/2010 to 15/09/2010	Rs 29 to Rs 32	29
2	TIRUPATI INKS LIMITED	14/09/2010 to 17/09/2010	Rs 41 to Rs 43	43
3	EROS INTERNATIONAL MEDIA LIMITED	17/09/2010 to 21/09/2010	Rs 158 to Rs 175	175
4	CAREER POINT INFOSYSTEMS LIMITED	16/09/2010 to 21/09/2010	Rs 295 to Rs 310	310
5	MICROSEC FINANCIAL SERVICES LIMITED	17/09/2010 to 21/09/2010	Rs 113 to Rs 118	118

Indosolar IPO allotment and listing date: Sept 30th

Indosolar IPO Listing Date Sep 30

Allotment Formula for IndoSolar

	Shares		Ratio (Lottery)
Sl No	Applied	Allotted	Allottees	Applicants
1	200	200	23	36
2	400	255	1	1
3	600	382	1	1
4	800	510	1	1
5	1000	637	1	1
6	1200	764	1	1
7	1400	892	1	1
8	1600	1019	1	1
9	1800	1147	1	1
10	2000	1274	1	1
11	2200	1402	1	1
12	2400	1528	1	1
13	2600	1656	1	1
14	2800	1784	1	1
15	3000	1911	1	1
16	3200	2039	1	1
17	3400	2166	1	1

Indosolar IPO Over subscription

INDOSOLAR LIMITED

Sr.No.	Category	No.of shares offered/reserved	No. of shares bid for	No. of times of total meant for the category
1	Qualified Institutional Buyers (QIBs)	61551724	88337000	1.44
1(a)	Foreign Institutional Investors (FIIs)		57641200
1(b)	Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)		25523800
1(c)	Mutual Funds		5172000
1(d)	Others		0
2	Non Institutional Investors	18465517	24069600	1.30
2(a)	Corporates		17918000
2(b)	Individuals (Other than RIIs)		6151600
2(c)	Others		0
3	Retail Individual Investors (RIIs)	43086207	77901400	1.81
3(a)	Cut Off		70838200
3(b)	Price Bids		7063200

Updated as on 15 September 2010 at 1830 hrs