Prozeal Green Energy Limited IPO

Prozeal Green Energy Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Open

Price Band

Total Issue

₹700.00 Cr

Bid Dates

TBA - TBA

Subscription

-

Est. GMP

₹0 (-)

Business Overview

Prozeal Green is a solar EPC provider specializing in end-to-end renewable energy solutions, including engineering, procurement and construction of solar projects on a turnkey basis, with a strong focus on the commercial and industrial sectors. While it undertakes independent EPC assignments, its primary emphasis lies on the “Plug-and-Play” solar park model. Under this approach, the company manages the entire project lifecycle—from conceptualization and land acquisition to commissioning—facilitating approvals and evacuation line connectivity, supported by robust design expertise, execution capabilities and procurement strategies.

Objects of Issue

  1. Funding the long-term working capital requirements of the Company
  2. Investment in the Subsidiary(ies), for repayment/pre-payment, in part or full of certain borrowings
  3. General corporate purposes

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Prozeal Green IPO
Particulars Sep-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 468.54 948.88 341.00 287.19
Profit after Tax 51.60 92.24 21.52 10.07
Net Worth 243.84 192.03 72.02 20.48
Total Borrowing 82.60 77.34 62.92 3.43
Total Assets 514.00 422.94 221.93 157.25
NAV per share (in ₹) 52.39 41.26 15.98 4.97
EPS - Basic (in ₹) 11.09 20.20 5.21 2.44

KPIs

EBITDA

13.15%

PAT

9.67%

ROE

69.87%

ROCE

60.72%

Debt to Equity

0.08

All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

88.63%

Public

11.37%

Shobit Rai 44.31%
Manan Thakkar 44.21%
Others 0.11%

Management

Shobit Rai MD
Manan Thakkar MD
Jaimin Trivedi CFO

Registrar & Lead Managers

Frequently Asked Questions

What is Prozeal Green IPO?
Prozeal Green IPO is a Mainboard IPO having an issue size of ₹700.00 Crs. Prozeal Green IPO is priced at ₹ - ₹ per share. The issue opens on 17 Apr 26 and closes on 17 Apr 26.
When will Prozeal Green IPO open?
Prozeal Green IPO opens on 17 Apr 26 and closes on 17 Apr 26.
What is the GMP of Prozeal Green IPO?
The estimated Grey Market Premium of Prozeal Green IPO is ₹0 per share (-).
What is the lot size of Prozeal Green IPO?
The minimum lot size of Prozeal Green IPO is shares & the minimum application amount is Rs. 0.
When is the allotment of Prozeal Green IPO?
The allotment date of Prozeal Green IPO is 17 Apr 26.
What is the listing date of Prozeal Green IPO?
The listing date of Prozeal Green IPO is 17 Apr 26.
What is the subscription of Prozeal Green IPO?
Prozeal Green IPO is subscribed -.
What is the price band of Prozeal Green IPO?
Prozeal Green IPO is priced at ₹ - ₹ per share.
How to check allotment status of Prozeal Green IPO?
Click the allotment link on Prozeal Green IPO page of IPO360.
How to apply Prozeal Green IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Prozeal Green IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Prozeal Green IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Prozeal Green IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date