Apollo Green Energy Limited Unlisted Shares: Investment Overview
🌎 Company Overview
Apollo Green Energy Limited is a rapidly expanding clean-tech firm in India, specializing in waste-to-energy, renewable EPC (Engineering, Procurement & Construction), biofuels, and urban energy infrastructure. It embraces circular economy principles and partners with municipal bodies and industries to convert waste into electricity, compost, and bio-CNG using advanced AI-enabled systems. The company is aligned with India’s green energy goals and national climate commitments.
👤 Leadership (As Verified via LinkedIn)
- Raaja Kanwar – Chairman & Managing Director
Prominent industrialist with global experience in logistics and renewables. He leads Apollo Green Energy under the larger Apollo International Group umbrella - Manish G. – Chief Financial Officer
Chartered Accountant with over 20 years’ expertise. He has held CFO roles at Ester Industries, Hero Steel, and Dalmia Bharat before joining Apollo Green Energy in December 2022 - Sunil Agrawal – Director
Serving since September 2023, Sunil brings extensive oversight to operations and strategy - Mithun Rakshit – Deputy General Manager (Administration)
In charge of administrative and operational support functions in Gurgaon
📊 Validated Financials
- FY24 Consolidated Revenue: ₹726.16 crore
- Profit After Tax (PAT): ₹44.36 crore
- Dividend Declared: 15% for FY25
- Order Book: ~₹1,800 crore across EPC contracts (e.g., solar, waste-to-energy, energy storage)
- Expansion Plans: Establishing 1 GW utility-scale solar + battery/hydrogen storage subsidiary via ₹500 crore capex commitment
Apollo Green is actively pursuing an IPO anticipated between Q1–H2 2026.
📈 Unlisted Share Price Table (June 2025)
| Quantity (Shares) | Price per Share (₹) | Total Investment (₹) |
|---|---|---|
| 100 | 195 | 19,500 |
| 200 | 194 | 38,800 |
| 300 | 193 | 57,900 |
| 400 | 192 | 76,800 |
| 500 | 191 | 95,500 |
| 600 | 190 | 114,000 |
| 700 | 189 | 132,300 |
| 800 | 188 | 150,400 |
| 900 | 187 | 168,300 |
| 1,000 | 186 | 186,000 |
| 2,000 | 185 | 370,000 |
| 3,000 | 185 | 555,000 |
| 4,000 | 185 | 740,000 |
| 5,000 | 185 | 925,000 |
Note: Prices are indicative and subject to change based on market availability.
🏢 Business Strengths
- Long-term contracts with municipal bodies in Rajasthan, Maharashtra, Uttar Pradesh
- AI-enhanced waste segregation for optimized energy production
- ₹1,800 crore revenue pipeline ensuring steady cash flow
- Major ESG draw for institutional investors
- Low debt-to-equity—~0.6× indicates financial prudence
🔍 Peer Comparison
| Company | FY24 Revenue (₹ Cr) | PAT (₹ Cr) | Sector | Notes |
|---|---|---|---|---|
| Apollo Green Energy | 726 | 44 | Waste-to-Energy, EPC | Unlisted (~₹185–195 per share) |
| ReNew Power | 9,300 | 700+ | Solar + Storage | Listed (NASDAQ) |
| Avaada Energy | ~1,100 (est.) | N/A | Solar & Storage | Unlisted (est. ₹240 entry price) |
| Antony Waste Handling | 745 | 68 | Waste Management | Listed, P/E ~18.5× |
📰 Recent Developments
- MoU with Rajasthan Govt for ₹500 crore waste-to-energy setup
- Commissioned bio-CNG plant in UP (April 2025)
- Embedded in India’s PLI scheme for green hydrogen
- Formed subsidiary AGEL Renewable Energy Ltd with ₹500 crore capex for 1 GW solar + storage
⚠️ Risk Factors
- Execution delays could impact revenue
- Policy fluctuations may affect contract stability
- Continued expansion and capex require sustained funding
✅ Why Invest?
- Pre-IPO entry into rapidly scaling clean-tech firm
- Participation in India’s ESG and infrastructure growth
- Backed by seasoned leadership and institutional financing
- Limited unlisted supply driving investor interest
- Established order book and clean balance sheet signal potential upside
📩 How to Invest
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⚠️ Disclaimer
This article is informational only and not investment advice. Investing in unlisted shares is high-risk, with potential illiquidity, limited disclosures, regulatory changes, and capital loss. StartupLanes is not SEBI-registered. Data has been gathered from LinkedIn and public sources; always conduct due diligence or consult a SEBI-registered advisor before investing. Performance is not a guarantee. StartupLanes and its associates disclaim any responsibility for investment outcomes.