Apollo Green Energy IPO Review 2026 : Date, Valuation & Price Band

TL;DR

Apollo Green Energy IPO date is yet to be announced, since the company has not yet filed its DRHP with SEBI. Once filed, this upcoming IPO is expected to be a book-built issue, though the exact mix of fresh issue and offer-for-sale has not been announced. Apollo Green Energy IPO price band, lot size, and allotment date are all yet to be finalised. As of now, the Apollo Green Energy IPO GMP is unknown, since the issue has not opened for subscription. 

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As India’s renewable energy sector grows, so does investor attention to growth companies in this sector. One such company is Apollo Green Energy, which is India's leading player in Energy Procurement and Construction (EPC).  Let’s know more details about the Apollo Green Energy IPO.

A) Apollo Green Energy IPO GMP

Apollo Green Energy IPO GMP is currently unknown, since the issue has not opened for subscription and no official price band exists yet to anchor a grey market quote against. An older estimate from mid-2025 put the figure around Rs. 72, but that was based on a price assumption that has since gone out of date. A better current signal is the unlisted market price itself, covered in detail further down. You'll be able to check a live, reliable GMP once the subscription actually begins. If the issue gets oversubscribed once it opens, GMP would typically be expected to rise in the days that follow.

B) Apollo Green Energy IPO Open Date, Close Date

Apollo Green Energy IPO's open date and close date are not yet finalised. Chairman Raaja Kanwar has spoken publicly about targeting a listing sometime in 2026, but as of now, the company hasn't filed its DRHP, so no open or close date has been set.

C) Apollo Green Energy IPO Price Band

Apollo Green Energy IPO price band is to be announced. The final price band, along with the minimum investment amounts for retail, small NII, and big NII categories, will only be released once the DRHP is filed and SEBI issues its observation letter. For context, this is not the same as the current unlisted market price, which is covered below.

D) Apollo Green Energy IPO Issue Size

Apollo Green Energy IPO issue size is not yet announced. Since the DRHP has not been filed with SEBI, there's no confirmed figure yet for the total issue size or how much of it would be a fresh issue versus an offer for sale.

E) Apollo Green Energy IPO Expected Date

Apollo Green Energy IPO's listing date has not yet been announced. The company has targeted 2026 as a working timeline, with Chairman Raaja Kanwar earlier pointing to a Q1 2026 window, but the exact quarter remains unknown until the DRHP is filed and the SEBI review process is completed. Given how far along that process typically needs to be before a listing actually happens, treat any specific "expected date" you see elsewhere online as a guess rather than a confirmed schedule.

F) Apollo Green Energy: About the Company

Apollo Green Energy traces back to Apollo International, a company operating since 1994 with interests spanning tyres, healthcare, and logistics under the wider Apollo Group. 

• The green energy arm is the newer, faster-growing piece of that story, running an EPC-focused, asset-light model: it designs and builds solar and wind projects rather than owning and operating all of them long-term.

• The company currently manages more than 400 MW of solar capacity. It holds an order book of roughly Rs. 3,000-3,500 crore, which management aims to scale to Rs. 10,000 crore alongside 1 GW of EPC capacity by 2026.

• There's also talk of expanding into green hydrogen, battery storage, and EV charging, which, if it happens, would turn Apollo Green into something closer to an all-in-one clean energy company rather than a pure EPC contractor.

Read More Here: What Does Apollo Green Energy Do?

E) Objectives of Apollo Green Energy IPO

Based on public statements so far, the company plans to use IPO proceeds for:

• Expansion of solar and wind project capacity

• Setting up the planned 500 MW solar module manufacturing plant

• Early-stage investment in green hydrogen and battery storage

• Building out EV charging infrastructure

• General corporate purposes and balance sheet strengthening

None of this is unusual for the sector. Nearly every renewable energy company going public in India right now tells a version of the same story: more capacity, more manufacturing, more diversification into adjacent clean-tech categories.

F) Apollo Green Energy IPO Valuation

G) Apollo Green Energy IPO Lot Size Details

H) Apollo Green Energy IPO Offer and Subscription Details

Reservation percentages across QIB, NII, and retail categories will only be confirmed once the DRHP is filed. Most mainboard IPOs of this scale tend to follow SEBI's standard reservation norms, but nothing specific to Apollo Green Energy has been disclosed yet.

I) Industry Outlook

India's renewable energy sector has been one of the steadier growth stories in the market lately, helped by government policy support, rising power demand, and companies committing to clean energy sourcing. Solar EPC players in particular have benefited from the large number of projects announced across states, and companies that deliver reliably, on time, on budget, and with proper compliance are winning bigger and repeat contracts. Apollo Green Energy's push toward manufacturing its own solar modules fits a wider trend of EPC players trying to control more of their own supply chain instead of depending entirely on outside vendors.

J)Risks and Strengths of Apollo Green Energy IPO

Overall Apollo Green Energy IPO Review

If the projects and financials for the company grow, Apollo Green Energy IPO may get a favorable response from the general public once it does launch, given the strong policy tailwinds behind India's renewable energy sector and the recognizable Apollo Group name attached to it. 

Investors interested in the solar and wind EPC space and comfortable with the sector's usual execution and policy risks are the kind of audience most likely to consider this one. That said, this remains an upcoming IPO in the truest sense: the DRHP hasn't been filed, so the price band, issue size, and listing date are all still open questions. If you're chasing a quick listing-day pop, it's worth waiting for an actual DRHP and a confirmed price band before making any decisions, rather than trading on guesses and old GMP talk.

Also Explore: OYO IPO Review: Date, Issue Size & Price Band

What Is the Current Price of Apollo Green Energy Shares Before Their IPO?

Apollo Green Energy unlisted shares were trading at an indicative price of around Rs. 68 per share as of August 31, 2026, down about 17.1% over the preceding six months. The stock has ranged between a 52-week low of Rs. 56 and a 52-week high of Rs. 188 per share.

You can explore Apollo Green Energy Unlisted Shares before the IPO. Check here to know more.