Isolation Energy IPO subscribed by 183.07 times

Jaipur: IPO of Insolation Energy Ltd (INA) oversubscribed by 183.07 times, the highest subscription in any BSE SME IPO. The Jaipur_based solar panel maker is raising Rs 22.16 crore from the issue. The number of shares offered for subscription was 58,32,000 of Rs 10 each against which bids were received for 1,06,76,49,000 shares. NII Category (including QIB) was subscribed by 152 times while retail segment got oversubscribed by 235.55 times. Holani Consultants managed the issue. tnn