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Grace Renewable Energy Ltd.

IPO Details
  • Issue Type Book building
  • Price range
  • Market Lot
  • Total Equity Shares 5500000
  • Face Value Rs. 10
  • Listing Date
IPO Timeline
Opening date
Closing date
Listing Date

IPO Details

We specialise in providing solar Energy Solutions to residential, commercial and industrial. Our Company offers low carbon energy solutions by installing on-site solar projects such as rooftop and ground-mounted systems, as well as off-site solar farm. In addition, we also deal in sale and supply of battery energy storage solution under the brand name “Grace” manufactured by third party. Our comprehensive range of value-added services include installation, after-sales service, operation and maintenance (“O&M”) services. Our O&M services are tailored to meet the unique needs of each solar power plant, ensuring reliable and efficient operations. Our portfolio includes residential installations, commercial and industrial installations, along with battery energy storage solutions (“BESS”) (“Energy Solutions”). From the period April 01, 2021 to September 30, 2024, we have successfully executed and commissioned 36,450 KW solar projects at over 3,359 sites having presence in the 8 states across India and 2 countries. These projects comprise 3,180 residential sites with a capacity installed about 14,746 KW, 179 commercial and industrial sites with a capacity installed about 21,704 KW. We are also channel partner of solar panel of reputed Indian Company and distributor of Invertor of reputed Chinese Company.

Projects

1. Project Name: Purchase of Machinery for setting up BESS facility (Phase II)

Project Cost: 99.85

2. Project Name: Meeting Working Capital Requirements

Project Cost: 349.817

Promoters

Prmoters Name

1. Manish Bagadia

2. Karuna Bagadia

Prmoters Holdings
  • Pre Share Capital: 15599220
  • Pre Promoter Holding: 100
  • Offer to Public: 5500000
  • Post Share Capital:
  • Post Promoter Holding:

Registrar

Registrar Name:Karvy Computershare Pvt Ltd
Phone: 91-040-67161500
Email: einward.ris@karvy.com
Website: www.karvy.com

Lead Managers

  • Marwadi Chandarana Intermediaries Brokers Pvt Ltd.

Subscription Details