Grace Renewable Energy Ltd
Pre Issue Shares
1,56,00,000
No. of Shares Issued
55,00,000
Pre Issue Equity Amt.
₹15.6 Cr
DP Filling Date
25 March 2025
Grace Renewable Energy Ltd IPO Timeline
Grace Renewable Energy Limited was originally registered as a Private Limited Company in the name 'Winwin Building Materials Private Limited' dated September 05, 2013 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Further, the Company changed the name to 'Grace Renewable Energy Private Limited' and a fresh certificate of incorporation was issued by Registrar of Companies, Ahmedabad dated February 22, 2017. Consequently, the name of the company was changed to 'Grace Renewable Energy Limited', and a fresh certificate of incorporation upon conversion to public company has been issued by Registrar of Companies on September 03, 2024.
Grace Renewable Energy Ltd IPO Details
| Grace Renewable Energy Ltd IPO Date | - |
| Grace Renewable Energy Ltd IPO Face Value | - |
| Grace Renewable Energy Ltd IPO Price | - |
| Grace Renewable Energy Ltd IPO Lot Size | - |
| Issue Size | - |
| Fresh Issue | - |
| Offer for Sale | - |
| Issue Type | - |
| Listing At | - |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Manish Bagadia, Karuna Bagadia |
- Strengths
- Risks
- Opportunities
- Established track record and End-to-end value chain capabilities and an integrated approach to developing renewable power projects by our in-house project development, EPC and O&M teams.
- Established relationships with our customers and wide customer base.
- Robust order book and visibility for future growth.
- Strong financial performance driven by asset light business model.
- Experienced management team and qualified personnel with significant industry experience.
Company Financials
Grace Renewable Energy Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 16.42 | 78.32 | 5.75 |
| 03-2023 | 9.19 | 38.74 | 0.73 |
| 03-2022 | 8.33 | 49.47 | 0.87 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Purchase of machinery for setting up BESS facility (Phase II)
- Meeting working capital requirements
- General corporate purposes
Grace Renewable Energy Ltd IPO Prospectus
Grace Renewable Energy Ltd IPO Listing Date
| BSE Script | - |
| NSE Symbol | - |
| Listing In | - |
| IPO Price | ₹0 |
| Face Value | ₹10 |
Company Contact Information
#43 The Chamber Near TGB HotelS G Highway Bodakdev,Ahmedabad-380054
Phone: +91 75739 03035
Email: cs@gracerenew.com
Website: www.gracerenew.com
Grace Renewable Energy Ltd IPO Registrar
Grace Renewable Energy Ltd IPO Lead Manager(s)
- Marwadi Chandarana Intermediaries Brokers Pvt Ltd