Apollo Green Embarks on IPO Journey, Begins Work on DRHP
Apollo Green Energy Limited is gearing up for its initial public offering (IPO), tentatively scheduled for Diwali 2025. The company has commenced work on its DRHP, marking a critical milestone in its journey toward public listing. This step will enable Apollo Green to capitalize on the growing opportunities in India’s renewable energy sector.
Chairman Raaja Kanwar shared that the IPO is part of Apollo Green’s broader strategy to expand its operations and strengthen its position in the industry. The company is also in discussions with global investors and strategic partners to accelerate its growth.
Apollo Green has demonstrated significant growth across its solar energy, EPC, and solar lighting segments, with revenues increasing from ₹280 crore in FY21 to ₹1,171 crore in FY24. It currently manages a ₹3,551 crore order book, including projects like its recently completed ₹700 crore Flue Gas Desulphurization project for MB Power.
The IPO is expected to propel the company’s nationwide expansion.
