Prozeal Green Energy IPO Upcoming
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About Prozeal Green Energy
Prozeal Green Energy is a company focused on providing sustainable energy solutions and contributing to the global transition towards renewable sources. With a commitment to environmental sustainability, the company specialises in designing, engineering, and implementing solar energy projects. Prozeal Green Energy aims to deliver efficient and reliable energy solutions to its clients by leveraging cutting-edge technologies. The company has built a reputation for its expertise in the renewable energy sector. It continues to explore innovative strategies to expand its portfolio and meet the increasing demand for clean energy.
Financials of Prozeal Green Energy
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹700 crores |
| Fresh Issue | ₹350 crores |
| Offer for sale | ₹350 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment/pre-payment of outstanding borrowings for subsidiary | 19.25 (5.5%) |
| Long-term working capital requirements | 248.5 (71%) |
| General corporate purposes | 82.25 (23.5%) |
Strengths
- Expertise in solar energy project implementation provides a strong foundation for growth.
- Commitment to cutting-edge technologies enhances project efficiency and reliability.
- Established market reputation supports client trust and business opportunities.
- Focus on sustainable solutions aligns with global renewable energy trends
- Strategic geographical presence in India offers access to high solar energy potential.
Risks
- Dependency on government policies could affect business dynamics.
- Market competition from other renewable energy firms may impact growth.
- Technological advancements require continuous investment and adaptation.
- Weather variability could influence solar energy yield and project outcomes.
- Economic fluctuations might impact project financing and client investments.