Apollo Green Energy Unlisted Share Price Description – Apollo Green Energy (AGEL), originally established as Apollo International in 1994 and headquartered in Gurgaon, has emerged as a frontrunner in India’s renewable energy landscape. Leveraging the Apollo Group’s multi-sector expertise—from tyres and healthcare to logistics, apparel, and footwear—AGEL delivers end-to-end solutions in solar power, wind energy, and energy storage. With a steadfast commitment to India’s sustainability targets, the company is uniquely equipped to spearhead large-scale green energy projects and accelerate the nation’s transition to a cleaner, more resilient power infrastructure.
Here’s a comprehensive review of its unlisted share price, business structure, financials, and IPO prospects, combining data from published annual reports.
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Business Model of Apollo Green Energy
Apollo Green Energy operates an asset-light, technology-driven business model focused on turnkey renewable‐energy projects. The company’s core activities include:
- Engineering, Procurement & Construction (EPC) – Designing and executing utility-scale and rooftop solar projects, floating solar installations, and hybrid energy systems.
- Project Development & Management – Sourcing land, arranging finance, and managing end-to-end project lifecycles.
- Supply of Goods & Trading – Providing critical components such as solar modules, inverters, and balance-of-system equipment, along with trading in related goods. This division operates in India, Dubai, Singapore, and China, overseeing marketing and distribution operations in 70 countries.
- O&M and Lifecycle Services – Offering operations, maintenance, and performance-optimization services post-commissioning.
With 20+ years of EPC expertise, Apollo Green Energy has solidified its position as a trusted leader in the renewable energy sector. Currently, 400 MW of solar projects are under execution, adding to the portfolio of 35+ successfully completed projects. Apollo Green Energy has also delivered 27+ EXIM-funded projects, supported by a dedicated team of 200+ skilled professionals. The company’s commitment to quality, safety, health, and the environment is underscored by its QSHE certification.
As of mid-2025, it manages projects worth over INR 3,500 crore, with INR 2,500 crore invested specifically in solar power projects across multiple Indian states. AGEL aims to expand its renewable‐energy portfolio to INR 10,000 crore by 2025 and is targeting an IPO to fuel further growth.
Services of Apollo Green Energy
- Solar EPC Services: Fixed-tilt and tracking solar installations for ground-mounted and rooftop projects.
- Floating Solar Solutions: Design and deployment of floating PV systems on reservoirs and water bodies.
- Green Hydrogen & BESS: Engineering and integration of green‐hydrogen production units and battery energy storage systems.
- EV Infrastructure: Planning and installation of electric-vehicle charging stations and related grid upgrades.
- Supply Chain & Trading: Distribution of solar modules, inverters, batteries, and other renewable‐energy equipment
Product Portfolio of Apollo Green Energy
- Monocrystalline & Polycrystalline Solar Modules
- Bifacial & PERC Modules
- Floating Solar Kits & Platforms
- Energy Storage Systems (Lithium-ion & Flow Batteries)
- Green Hydrogen Electrolyzers
- EV Charging Stations (AC/DC Fast Chargers)
- Customized Hybrid Energy Solutions
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Key Highlights: FY 2023 – 24
- Revenue: The company’s operating revenue surged 63.8%, rising to INR 1,234.27 crore in FY 2024 from INR 753.40 crore in FY 2023.
- Project Portfolio: Over 400 MW of solar capacity delivered; INR 3,500 crore of projects under management, INR 2,500 crore in solar alone.
- Growth Targets: Aiming for an INR 10,000 crore renewable‐energy portfolio by 2025 and a 1 GW EPC order book by 2026.
- Technology Edge: Adoption of advanced module technologies and integration of BESS and green‐hydrogen solutions.
- AGEL is also finalizing an INR 700 crore Flue Gas Desulfurization (FGD) project, aimed at reducing emissions in power generation
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Apollo Green Energy Board of Directors
- Mr. Raaja Kanwar, Chairman & Managing Director
- Mr. Sunil Agrawal, Independent Director
- Mr. Ravikant Umakant Mishra, Director
Apollo Green Energy Share Price Details
| Name | Apollo Green Energy Share Price Details |
| Face Value | INR 10 per share |
| ISIN Code | INE838A01015 |
| Lot Size | 100 shares |
| Demat Status | NSDL, CDSL |
| Share Price of Apollo Green Energy | INR 122 per share |
| Market Cap | INR 422.25 crores |
| Total number of shares | 3,46,10,287 shares |
| Website | www.apollogreenenergy.com |
Apollo Green Energy Unlisted Share – Shareholding Pattern
The details of shareholders’ holding of equity shares:
| Shareholder Name | % to Holding | No. of shares |
| OSK Holdings (AIL) | 32.0 | 60,89,000 |
| AIL Consultants | 21.4 | 40,61,000 |
| Mr. Raaja Kanwar | 18.2 | 34,62,800 |
| Amit Dyechem | 15.2 | 28,86,700 |
| Global Propmart | 13.2 | 25,00,000 |
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Apollo Green Energy Unlisted Share Price – Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 810.36 | 753.40 | 1,234.27 |
| Revenue Growth (%) | 14.07 | (7.02) | 63.83 |
| Expenses | 864.26 | 765.19 | 1,228.40 |
| Net income | 41.43 | 24.71 | 38.59 |
| Margin (%) | 5.11 | 3.28 | 3.13 |
| ROCE (%) | – | 12.01 | 13.59 |
| EBITDA Margin (%) | 7.28 | 2.92 | 5.95 |
| Debt/Equity | 0.80 | 0.77 | 0.90 |
| EPS | 22.0 | 13.0 | 20.0 |
Apollo Green Energy Annual Reports
Apollo Green Energy Annual Report FY 2023 – 24
Apollo Green Energy Unlisted Share – Peer Comparison
| Company | 3-yr Sales CAGR (%) | PE Ratio | ROCE (%) | Net Margin (%) | MCap (Cr.) |
| Apollo Green Energy | 20.22 | 6.1 | 13.59 | 38.59 | 422.3 |
| Zodiac Energy | 41.8 | 34.0 | 20.2 | 4.90 | 679.0 |
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Apollo Green Energy Unlisted Share Price FAQs
Is it safe to purchase unlisted shares in India?
While there are risks associated with unlisted shares, purchases made from credible brokers and after conducting due diligence considerably lower these risks.
What is the Apollo Green Energy unlisted share price?
Apollo Green Energy share price today is INR 122 per share. Shares are purchased in lots of 100 shares.
Who determines the Apollo Green Energy unlisted share price?
Apollo Green Energy share price is determined by various factors including recent transaction price, supply and demand, valuation in the latest funding round, profitability, and return ratios.
When is the Apollo Green Energy IPO planned?
Apollo Green Energy plans to launch its IPO in the end of 2025.