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Grace Renewable Energy Ltd. IPO Details

Initial Public Offerings (IPOs) allow you to invest in companies going public. Grace Renewable Energy Ltd. goes public when it first sells its shares after being listed on BSE or NSE.

Grace Renewable Energy Ltd.
Objective
1. Purchase of Machinery for setting up BESS facility (Phase II).
2. Meeting Working Capital Requirements; and
3. General Corporate Purposes.
IPO Details
Face Value ₹ 10.00 Per Share
Issue Size ₹ 0.00 - 0.00 Cr
Price Band ₹ 0.00 - ₹ 0.00 Per Share
Issue Type Book building
Business Description
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. Read More
Address
Address 43, The Chambers Near Tgb Hotel, S G Highway Bodakdev
City Ahmedabad
State Gujarat
Pincode 380054
Phone 7573903035
Email cs@gracerenew.com
Website www.gracerenew.com
About IPO
Listed At BSE
Lead Manager Marwadi Chandarana Intermediaries Brokers Pvt Ltd.
Promoters
Manish Bagadia
Karuna Bagadia
Promoter's Holding
Registrar

K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)

040 - 67162222/18003094001
einward.ris@kfintech.com
www.kfintech.com
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Frequently asked questions

What is an IPO?

An Initial Public Offering (IPO) is when a private company sells shares to the public for the first time, enabling investors to purchase these shares and gain partial ownership in the business. For instance, if a well-known tech firm wants to grow and requires additional funds, it might choose to go public through an IPO. During this process, investors can buy shares, and the company’s stock starts trading on the stock exchange on the day of the IPO listing.

Investors can apply for an IPO through their bank or brokerage account. Many trading platforms have a specific section for IPOs where users can submit their applications online.

The primary market is where shares are offered to the public for the first time via an IPO. After the IPO, shares are traded on the secondary market (stock exchange), where existing shareholders can sell to new buyers.

Investing in an IPO offers the opportunity to become an early investor in companies with high growth potential, at a price which may be lower than their post-listing market value. It provides a chance to participate in the company's growth journey from its early stages. However, IPO investments also come with inherent risks, such as market volatility and uncertainties about the company's future performance.

The price of an IPO is established through a systematic process known as "book building." In this method, investors bid within a given price range, and the final price is set based on demand and market conditions. Several factors play a crucial role in determining the IPO price, including:

  • Past Financial Performance: Evaluating the company's revenue, profits, and financial stability over time
  • Growth Potential: Assessing future prospects based on the company's business model and market opportunities
  • Industry Peers: Comparing valuation metrics with similar companies in the same sector
  • Larger Industry Picture: Analysing overall industry trends and economic conditions that could impact the company's performance

The lock-in period for IPO shares refers to a duration during which specific investors are restricted from selling their shares post-listing. This period varies based on the type of investor:

  • Promoters: The lock-in period for promoters ranges from 6 months to 18 months, ensuring their commitment to the company's long-term growth
  • Anchor Investors: Typically, anchor investors face a shorter lock-in period of 30 to 90 days, depending on regulatory norms and the specific IPO

IPOs can be volatile and may not perform as expected in the short term. Investors risk losing capital if the stock price drops after listing, especially if the company does not meet its growth projections.

Information on upcoming IPOs is often available through brokerage platforms, financial news sites, and regulatory bodies like SEBI, which publishes details on companies going public. You can also get these details under the upcoming IPO section on Bajaj Markets.

Eligibility for an IPO typically includes:

  • Retail Investors: Individuals who invest in smaller amounts, usually under the “retail investor” category, with certain limits
  • Qualified Institutional Buyers (QIBs): Entities like mutual funds, banks, and insurance companies, who invest large sums
  • Non-Institutional Investors (NIIs): High-net-worth individuals or entities investing above the retail threshold

Investors must have a Demat and trading account to apply, and in some cases, certain financial or residency qualifications may apply depending on local regulations.

SME (Small and Medium Enterprise) IPOs generally carry higher risk but may provide significant growth potential. Investors should research the company’s stability, financials, and sector risks, as SME stocks can be more volatile compared to large-cap companies.

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Disclaimer

This content is for educational purpose only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.

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