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Open
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Close
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Allotment
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Listing
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Issue Size
55,00,000 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 24.93 | 16.42 | 9.19 | 8.33 |
| Total Income | 52.76 | 78.32 | 38.74 | 49.47 |
| Profit After Tax | 7.00 | 5.75 | 0.73 | 0.87 |
| NET Worth | 16.20 | 9.21 | 3.46 | 2.73 |
| Reserves and Surplus | 13.20 | 6.21 | 3.41 | 2.68 |
| Total Borrowing | 2.17 | 3.24 | 4.10 | 3.03 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Flysbs Aviation Ltd. | SME | ₹102.53 Cr | ₹225 | 10.1 | ₹448.85 | +99.49% | ₹466.30 (-2.79%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Machinery for setting up BESS facility ( Phase II) | 9.99 |
| 2 | Meeting Working Capital Requirements | 34.98 |
| 3 | General Corporate Purposes |
About Grace Renewable Energy IPO
Incorporated in 2014, Grace Renewable Energy Limited is engaged in the business of solar energy solutions in India. The company specializes in end-to-end Engineering, Procurement, and Construction (EPC) services for rooftop solar systems, catering to residential, commercial, industrial, institutional, NGO, and hospital sectors. With experience in handling over 8,000 projects totaling more than 75 MW of installed capacity, Grace Renewable Energy has significantly contributed to India's solar revolution. From April 2021 to September 2024, the company commissioned 36,450 KW solar projects across 3,359 sites in 8 Indian states and 2 countries, including residential, commercial, and industrial installations. Products Portfolio: Solar EPC Contracts: Supplier and Subcontractor Selection: Chooses suppliers and subcontractors based on technical qualifications and risk. Permits and Approvals: Obtains required permits and finalizes design specifications with customers. Design and Engineering: Conducts feasibility studies and develops detailed technical designs. Procurement and Construction: Purchases components, inspects, and tests during the procurement phase. Installation & Commissioning: I
Contact Details
Grace Renewable Energy Ltd. Address43,The Chamber Near TGB Hotel,S G Highway, Bodakdev, Ahmedabad, 380054Ahmedabad, Gujarat, 380054+91 7573903035cs@gracerenew.comVisit Website