Prozeal Green Energy Limited IPO
Prozeal Green Energy Limited IPO
Mainboard NSE & BSE 100% Book Built Offer

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.

Prozeal Green IPO Size

Fresh Issue
₹350 Cr (TBA Shares)
Offer For Sale
₹350 Cr (TBA Shares)

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

Prozeal Green IPO 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

Key Performance Indicators (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.

Promoter Holding

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

Company Details

Name: Prozeal Green Energy Limited

Address: Block C, West Wing, 1209-1212, Stratum, Venus Ground, near Jhansi ki Rani Statue, Nehrunagar, Ahmedabad – 380 015, Gujarat, India

Number: +91 79 4019 1727

Email: cs@prozealgreen.com

Website: https://www.prozealgreen.com/

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