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Grace Renewable Energy Ltd.

BSE
unknown

TBA

TBA

1 Shares

TBA

₹10

Financial Summary

Standalone(in ₹ million)
ParticularsFY 2023-24FY 2022-23
7,790.913,854.98
40.8118.68
7,831.723,873.66
6,892.933,731.75
825.299.34
574.573.07

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About the Company

We specialise in providing solar Energy Solutions to residential, commercial and industrial. Our Company offers low carbon energy solutions by installing on-site solar projects such as rooftop and ground-mounted systems, as well as off-site solar farm. In addition, we also deal in sale and supply of battery energy storage solution under the brand name “Grace” manufactured by third party. Our comprehensive range of value-added services include installation, after-sales service, operation and maintenance (“O&M”) services. Our O&M services are tailored to meet the unique needs of each solar power plant, ensuring reliable and efficient operations. Our portfolio includes residential installations, commercial and industrial installations, along with battery energy storage solutions (“BESS”) (“Energy Solutions”). From the period April 01, 2021 to September 30, 2024, we have successfully executed and commissioned 36,450 KW solar projects at over 3,359 sites having presence in the 8 states across India and 2 countries. These projects comprise 3,180 residential sites with a capacity installed about 14,746 KW, 179 commercial and industrial sites with a capacity installed about 21,704 KW. We are also channel partner of solar panel of reputed Indian Company and distributor of Invertor of reputed Chinese Company.

Use of Proceeds

1. Funding of incremental working capital requirement of our Company; and 2. General Corporate Purposes.

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The for the Grace Renewable Energy Ltd. IPO is 1 shares, which is also the minimum order quantity — you have to apply for at least 1 shares, and in multiples of 1 beyond that.