Prozeal Green Energy IPO Date, Review, Price and Key Information

Prozeal Green Energy Limited IPO is fully book build issue and total IPO size is ₹700 crores. The offering includes a fresh issue worth ₹350 crores and an offer for sale of ₹350 crores.

The dates for the Prozeal Green Energy Limited IPO have not been announced yet. The allotment process is expected to be finalized by [.].

The Prozeal Green Energy Limited IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Prozeal Green Energy Limited IPO has not been announced yet.

Registrar for this IPO is Mufg Intime India Private Limited and lead managers for Prozeal Green Energy Limited IPO are Nuvama Wealth Management Limited, Sbi Capital Markets Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹2 Per Equity Share
Total Issue Size	₹700.00 Crores
Fresh Issue	₹350.00 Crores
OFS Issue	₹350.00 Crores
Issue Type	Fresh Issue and Offer for Sale
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	50%
Retail	35%
NII/HNI	15%

About Prozeal Green Energy Limited Company

Prozeal Green Energy Ltd. is a leading renewable energy solutions provider focused on engineering, procurement, and construction (EPC) of solar energy projects, particularly for commercial and industrial clients. The company is a pioneer in providing "Plug and Play" solar park setups, offering pre-developed infrastructure for seamless project deployment.

As of September 30, 2024, Prozeal Green Energy had successfully executed 182 solar power projects with a total installed capacity of 783.98 MWp across 17 states and Nepal. In FY24, they constructed 422.61 MWp of solar power plants, representing approximately 3.53% of India's total utility-scale solar capacity addition. Financial performance highlights include a Net Debt-to-Equity ratio of 0.09 as of September 30, 2024. From FY23 to FY24, Prozeal Green Energy experienced the highest percentage increase in EBITDA (283.91%) compared to its peers and had the second-highest Return on Equity (69.87%) and Return on Capital Employed (60.72%). They also showcased the second-highest revenue growth from operations from FY23 to FY24, reporting a profit of ₹92.24 crore for FY24, and hold position as the fourth largest solar EPC company in India in terms of revenue from operations in Fiscal 2024.

Prozeal Green Energy Limited Financial Details

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	514.00	422.94	221.93	157.25
Revenue	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
Reserves and Surplus	234.34	191.18	71.20	19.73
Total Borrowing	82.60	77.34	62.92	3.43

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
16.84	69.87%	34.38

Offer Objectives

The offer includes a fresh issue of equity shares aggregating up to ₹350 crore and an offer for sale of equity shares aggregating up to ₹350 crore. The company will not receive any proceeds from the Offer for Sale.

Utilization of Net Proceeds: The net proceeds from the fresh issue are proposed to be utilized for:

Funding long-term working capital requirements of the company: ₹250 crore
Investment in subsidiaries for repayment/prepayment of borrowings: ₹19.532 crore
General corporate purposes: The amount utilized for general corporate purposes shall not exceed 25% of the Gross Proceeds

Employee Stock Option Plan (ESOP): The total number of options available under the ESOP Plan is 2,566,080, exercisable into a maximum of 2,566,080 Equity Shares of face value of ₹2 each. However, as of March 30, 2025, no options have been granted under the ESOP Plan.

Promoter Lock-in: 20% of the post-offer equity share capital held by promoters will be locked in for 18 months. The promoters' shareholding in excess of 20% will be locked in for 6 months from the date of allotment.

Anchor Investor Lock-in: 50% of the equity shares allotted to Anchor Investors will be locked in for 90 days, and the remaining 50% for 30 days from the date of allotment.