Prozeal Inexperienced Power IPO
Prozeal Inexperienced Power, India’s fourth-largest photo voltaic engineering, procurement, and building (EPC) agency by income in FY24, goals to lift Rs 700 crore via its public providing. The problem consists of a recent fairness sale of Rs 350 crore and a suggestion on the market (OFS) of Rs 350 crore by promoters and current buyers.
The corporate plans to make use of the proceeds for long-term working capital, investments in subsidiaries for debt compensation, and normal company functions. E-book-running lead managers for the difficulty are Nuvama Wealth Administration and SBI Capital Markets.
Prozeal makes a speciality of turnkey photo voltaic power options, catering primarily to industrial and industrial shoppers. Its portfolio consists of 182 photo voltaic tasks with a complete put in capability of 783.98 MWp throughout India and Nepal. As of September 30, 2024, its order guide stood at Rs 2,220.92 crore, primarily in ground-mounted solar energy tasks.
The corporate has seen robust monetary progress, with income surging from Rs 287 crore in FY22 to Rs 949 crore in FY24 at a compounded annual progress charge (CAGR) of 81.77%. Web revenue grew from Rs 10 crore to Rs 92 crore in the identical interval.
Gujarat Kidney and Tremendous Speciality IPO
Regional healthcare chain Gujarat Kidney and Tremendous Speciality Restricted has filed for an IPO consisting of a recent difficulty of two.2 crore shares.The hospital chain goals to allocate Rs 77 crore in the direction of buying Parekhs Hospital in Ahmedabad, Rs 12.4 crore for {a partially} accomplished buy of Ashwini Medical Centre, and Rs 30.2 crore for organising a brand new hospital in Vadodara. Moreover, Rs 7.3 crore will likely be used for robotic gear procurement, and Rs 1.5 crore will go towards debt compensation and potential acquisitions.The corporate at the moment operates six multi-speciality hospitals throughout Gujarat, with a complete capability of 400 beds. It reported income progress from Rs 34.01 crore in FY23 to Rs 41.04 crore in FY24, whereas revenue after tax rose from Rs 2.8 crore to Rs 4.34 crore.
Nirbhay Capital Companies is the only book-running lead supervisor for the IPO, with fairness shares proposed to be listed on the NSE and BSE.
Additionally learn | IPO Calendar: Muted begin to FY26 with no new points this week, however Avenue to see 4 listings
(Disclaimer: Suggestions, recommendations, views and opinions given by the specialists are their very own. These don’t characterize the views of the Financial Occasions)
Prozeal Inexperienced Power IPO
Prozeal Inexperienced Power, India’s fourth-largest photo voltaic engineering, procurement, and building (EPC) agency by income in FY24, goals to lift Rs 700 crore via its public providing. The problem consists of a recent fairness sale of Rs 350 crore and a suggestion on the market (OFS) of Rs 350 crore by promoters and current buyers.
The corporate plans to make use of the proceeds for long-term working capital, investments in subsidiaries for debt compensation, and normal company functions. E-book-running lead managers for the difficulty are Nuvama Wealth Administration and SBI Capital Markets.
Prozeal makes a speciality of turnkey photo voltaic power options, catering primarily to industrial and industrial shoppers. Its portfolio consists of 182 photo voltaic tasks with a complete put in capability of 783.98 MWp throughout India and Nepal. As of September 30, 2024, its order guide stood at Rs 2,220.92 crore, primarily in ground-mounted solar energy tasks.
The corporate has seen robust monetary progress, with income surging from Rs 287 crore in FY22 to Rs 949 crore in FY24 at a compounded annual progress charge (CAGR) of 81.77%. Web revenue grew from Rs 10 crore to Rs 92 crore in the identical interval.
Gujarat Kidney and Tremendous Speciality IPO
Regional healthcare chain Gujarat Kidney and Tremendous Speciality Restricted has filed for an IPO consisting of a recent difficulty of two.2 crore shares.The hospital chain goals to allocate Rs 77 crore in the direction of buying Parekhs Hospital in Ahmedabad, Rs 12.4 crore for {a partially} accomplished buy of Ashwini Medical Centre, and Rs 30.2 crore for organising a brand new hospital in Vadodara. Moreover, Rs 7.3 crore will likely be used for robotic gear procurement, and Rs 1.5 crore will go towards debt compensation and potential acquisitions.The corporate at the moment operates six multi-speciality hospitals throughout Gujarat, with a complete capability of 400 beds. It reported income progress from Rs 34.01 crore in FY23 to Rs 41.04 crore in FY24, whereas revenue after tax rose from Rs 2.8 crore to Rs 4.34 crore.
Nirbhay Capital Companies is the only book-running lead supervisor for the IPO, with fairness shares proposed to be listed on the NSE and BSE.
Additionally learn | IPO Calendar: Muted begin to FY26 with no new points this week, however Avenue to see 4 listings
(Disclaimer: Suggestions, recommendations, views and opinions given by the specialists are their very own. These don’t characterize the views of the Financial Occasions)
