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.
Price Band₹ |
Dates- |
GMP₹0 (-) |
Subscriptions- |
Issue Size₹700.00 Crs |
Prozeal Green IPO Objects
- Funding the long-term working capital requirements of the Company
- Investment in the Subsidiary(ies), for repayment/pre-payment, in part or full of certain borrowings
- General corporate purposes
Prozeal Green IPO Details
Price Band₹ |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹350.00 Cr ( Shares) |
Offer For Sale₹350.00 Cr ( Shares) |
Total Issue₹700.00 Cr ( Shares) |
Face Value₹2 per equity share |
Prozeal Green IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
0
0
0
Maximum
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-
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| Small HNI |
Minimum
-
-
-
Maximum
-
-
-
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| Big HNI |
Minimum
-
-
-
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Prozeal Green IPO GMP
The estimated Grey Market Premium of Prozeal Green IPO is ₹0 per share (-)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
Prozeal Green IPO Financials
| 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 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| 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.
Prozeal Green IPO Peer Comparision
Prozeal Green IPO Peer Comparision
Promoter Details
| Name | Shareholding |
|---|---|
| Shobit Rai | 44.31% |
| Manan Thakkar | 44.21% |
| Others | 0.11% |
| Total | 88.63% |
Management Details
| Name | Designation |
|---|---|
| Shobit Rai | MD |
| Manan Thakkar | MD |
| Jaimin Trivedi | CFO |
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/
Book Running Lead Managers (BRLMs)
SBI Capital
Visit Website
Nuvama Wealth
Visit WebsiteRTAs
MUFG Intime India
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Prozeal Green IPO is a Mainboard IPO having an issue size of Rs. ₹700.00 Crs. Prozeal Green IPO is priced at ₹ - ₹ per share. The issue opens on 05 Dec 25 and closes on 05 Dec 25.
Prozeal Green IPO opens on 05 Dec 25 and closes on 05 Dec 25.
The estimated Grey Market Premium of Prozeal Green IPO is ₹0 per share (-).
The minimum lot size of Prozeal Green IPO is shares & the minimum application amount is Rs. 0.
The allotment date of Prozeal Green IPO is 05 Dec 25.
The listing date of Prozeal Green IPO is 05 Dec 25.
Prozeal Green IPO is subscribed -.
Prozeal Green IPO is priced at ₹ - ₹ per share.
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