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 by way of its public providing. The problem consists of a contemporary 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 reimbursement, and normal company functions. Ebook-running lead managers for the difficulty are Nuvama Wealth Administration and SBI Capital Markets.
Prozeal makes a speciality of turnkey photo voltaic vitality options, catering primarily to business and industrial purchasers. Its portfolio contains 182 photo voltaic initiatives 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 initiatives.
The corporate has seen robust monetary development, with income surging from Rs 287 crore in FY22 to Rs 949 crore in FY24 at a compounded annual development fee (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 contemporary subject 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 can be used for robotic tools procurement, and Rs 1.5 crore will go towards debt reimbursement and potential acquisitions.The corporate at present operates six multi-speciality hospitals throughout Gujarat, with a complete capability of 400 beds. It reported income development 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 Providers is the only book-running lead supervisor for the IPO, with fairness shares proposed to be listed on the NSE and BSE.
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