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Prozeal Green Energy Ltd.

IPO Details
  • Issue Type Book building
  • Price range
  • Market Lot
  • Total Equity Shares
  • Face Value Rs. 2
  • Listing Date
IPO Timeline
Opening date
Closing date
Listing Date

IPO Details

We are the fourth largest solar EPC company in India in terms of revenue from operations for Fiscal 2024 (source:Crisil Report). We are focused on delivering end-to-end renewable energy solutions, including engineering,procurement and construction (“EPC”) of solar energy projects on a turnkey basis, with an emphasis on servingclients in the commercial and industrial sectors. While we execute independent solar EPC projects for our clients,our major focus is on implementing projects based on the “Plug-and-Play” solar park model. Under this model,we facilitate seamless project deployment from conceptualization and facilitating land acquisition tocommissioning, and assist with obtaining the necessary approvals, including for evacuation lines from the solarpower plant to the electricity grid, which is complemented by our expertise in project design, executioncapabilities and procurement strategies. We provide our clients with customized solutions, including options forCapex or opex models, land purchase or lease, and the selection of suitable technology. Since our inception in2013 through to September 30, 2024, we have successfully executed 182 solar power projects with a total installedcapacity of 783.98 MWp across 17 states in India and one overseas location (Nepal) for 125 clients. Our orderbook, which we define as the amount payable to us under our EPC contracts minus the revenue already recognizedfrom those contracts (“Order Book”), was ?22,209.22 million as at September 30, 2024, of which ?22,093.04million, or 99.48%, was for ground-mounted solar power projects.

Projects

1. Project Name: Funding the long-term working capital requirements of our Company

Project Cost: 2500

2. Project Name: Investment in our Subsidiary(ies), for repayment/pre-payment, in part or full of certain borrowings

Project Cost: 195.32

Promoters

Prmoters Name

1. Shobit Baijnath Rai

2. Manan Hitendrakumar Thakkar

3. Amaara Family Trust

Prmoters Holdings
  • Pre Share Capital: 49500000
  • Pre Promoter Holding: 88.63
  • Offer to Public:
  • Post Share Capital:
  • Post Promoter Holding:

Registrar

Registrar Name:Link Intime India Pvt Ltd.
Phone: 91-022-25946970/71/72/73/74/75/76/77/78/60320
Email: helpdesk@linkintime.co.in
Website: www.linkintime.co.in

Lead Managers

  • Nuvama Wealth Management Ltd.
  • SBI Capital Markets Ltd

Subscription Details