Bookbuilding IPO | ₹700 Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Prozeal Green Energy Ltd. on September 1, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Prozeal Green Energy Ltd. IPO is a Book Build Issue of ₹700.00 crores consisting of a fresh issue of shares worth Rs ₹350.00 crores and an offer for sale (OFS) of ₹350.00 crores.
The equity shares are proposed to be listed on NSE and BSE. Nuvama Wealth Management Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Prozeal Green Energy IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹700 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹350 Cr) |
| Offer for Sale | [.] shares of ₹2 (agg. up to ₹350 Cr) |
| Share Holding Pre Issue | 5,58,50,322 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Apr 1, 2025 |
| SEBI/Exchange approval received | Mon, Sep 1, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2013, Prozeal Green Energy Limited specializes in solar engineering, procurement, and construction (EPC) services, delivering renewable energy solutions to commercial, industrial, and government clients.
The company has executed 182 solar power projects with a total installed capacity of 783.98 MWp across 17 states in India and one overseas location (Nepal) for 125 clients as of September 30, 2024. As of the same date, it had an Order Book of ₹22,209.22 million.
The company’s client portfolio includes Torrent Power Limited, AM Green Energy Pvt Ltd, GHCL Ltd, Alembic Pharmaceuticals Limited, Asahi Songwon Colors Limited, Mark Alloys Private Limited, Ajay Costspin Industries, Pashupati Costspin Limited, and ACG Associated Capsules Private Limited.
As of December 31, 2024, the company has operated four public electric vehicle charging stations and has provided EPC services for 50 public charging stations at 25 locations, each with a capacity of 122 kW.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 514.00 | 422.94 | 221.93 | 157.25 |
| Total Income | 475.49 | 953.89 | 341.80 | 290.25 |
| Profit After Tax | 51.60 | 92.24 | 21.52 | 10.07 |
| NET Worth | 243.84 | 192.03 | 72.02 | 20.48 |
| Reserves and Surplus | 234.34 | 191.18 | 71.20 | 19.73 |
| Total Borrowing | 82.60 | 77.34 | 62.92 | 3.43 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the long-term working capital requirements of the Company. | 250.00 |
| 2 | Investment in our Subsidiary(ies), for repayment/pre-payment, in part or full of certain borrowings. | 19.53 |
| 3 | General corporate purposes. |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 69.87% |
| RoNW | 69.87% |
| PAT Margin | 9.67% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 88.63% |
Lead Manager Reports
Prozeal Green Energy IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹700 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Prozeal Green Energy IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Prozeal Green Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Prozeal Green Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Prozeal Green Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Prozeal Green Energy IPO dates are not announced. Please check back again after some time.
Prozeal Green Energy IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Prozeal Green Energy IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Prozeal Green Energy IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Prozeal Green Energy IPO allotment status.
The Prozeal Green Energy IPO listing date is not yet announced. The tentative date of listing is .
