Raajmarg Infra Investment Trust IPO...
05 Mar, 2026
Prozeal Green Energy IPO
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Prozeal Green Energy IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Prozeal Green Energy IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹2 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | - |
| Total Issue Size | [.] shares (aggregating up to ₹700.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹350.00 Cr) |
| Offer for Sale | [.] shares of ₹2 (aggregating up to ₹350.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,58,50,322 shares |
Prozeal Green Energy IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | 5:00 PM on the Bid/Offer Closing Date |
Prozeal Green Energy IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | - | ~₹14,000 - ₹15,000 |
| Retail (Max) | 13-14 | - | Up to ₹200,000 |
| S-HNI (Min) | 14-15 | - | Over ₹200,000 |
| S-HNI (Max) | 66-70 | - | Up to ₹10,00,000 |
| S-HNI (Max)B-HNI (Min) | 71+ | - | Over ₹10,00,000 |
Prozeal Green Energy IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| - | - |
Competitive Strength:
- -
Prozeal Green Energy IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2024 | 514 | 475.49 | 51.6 | 243.84 | - | 82.6 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 422.94 | 953.89 | 92.24 | 192.03 | - | 77.34 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 221.93 | 341.8 | 21.52 | 72.02 | - | 62.92 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 157.25 | 290.25 | 10.07 | 20.48 | - | 3.43 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 69.87% |
| RoNW | 69.87% |
| PAT Margin | 9.67 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 16.84 (basic/diluted) | |
| P/E (x) |
IPO DRHP Status
| # | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 01-04-2025 | View DRHP |
| 2 | SEBI/Exchange approval received | 01-09-2025 | - |
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Frequently Asked Questions (FAQs)
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1. What is the Prozeal Green Energy Limited IPO?
The Prozeal Green Energy IPO is a public issue of equity shares, where the company aims to raise ₹700 crore. This includes a fresh issue of ₹350 crore and an offer-for-sale (OFS) worth ₹350 crore by existing shareholders.
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2. When is the Prozeal Green Energy IPO opening?
The official IPO opening and closing dates have not been announced yet. The company has filed its Draft Red Herring Prospectus (DRHP) with SEBI, and the dates will be finalized once regulatory approvals are in place.
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3. What is the price band for the Prozeal IPO?
The price band for the IPO will be disclosed in the Red Herring Prospectus (RHP), which is released closer to the IPO launch date. As of now, it hasn’t been announced.
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4. What will the company do with the funds raised from the IPO?
According to the DRHP, the funds from the fresh issue will be used for: Long-term working capital needs (₹250 crore) Debt repayment (₹19.5 crore) General corporate purposes
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5. Who are the selling shareholders in the offer-for-sale (OFS)?
Promoters Shobit Baijnath Rai and Manan Hitendrakumar Thakkar are selling shares worth ₹168.5 crore each. Other shareholders like Aar EM Ventures LLP, Jaya Chandrakant Gogri, and others are also offloading small portions of their stake.
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6. What does Prozeal Green Energy do?
Prozeal is a Gujarat-based renewable energy company that provides end-to-end solutions like solar EPC, wind-solar hybrid systems, BESS, green hydrogen, and EV infrastructure. It’s India’s fourth-largest solar EPC player by revenue in FY24.
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7. What was Prozeal Green Energy's revenue and profit in FY24?
In FY24, the company reported a revenue of ₹948.9 crore and a net profit of ₹92.2 crore, showing massive year-on-year growth compared to FY23.
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8. Who is the lead manager of the IPO?
The name(s) of the lead book-running managers will be mentioned in the Red Herring Prospectus (RHP) and will be updated once officially released.
