Apollo Green Energy set to launch IPO by Q4 2025

Apollo Green Energy Plans IPO in Q4 2025.

Expert Analysis:

• IPO Launch: Apollo Green Energy, the renewable energy arm of Apollo International Group, plans to launch its IPO by the last quarter (Q4) of CY2025.

• Fund Allocation: The funds raised will primarily support solar power projects, with remaining funds allocated to battery storage, green hydrogen, and electric vehicle chargers.

• Transition to Solar Developer: Apollo Green Energy, an EPC company with 400 MW of solar projects under construction, plans to transition into a solar developer while continuing small-scale conventional EPCs.

• Manufacturing Expansion: By FY27, the company plans to enter solar product manufacturing, targeting a 500 MW manufacturing line.

• Revenue Target: The company expects to achieve a Rs 11,000 crore topline by FY25, with 57% from solar, 23% from conventional EPC, and 18-19% from new ventures.

• Green Hydrogen Partnership: Apollo Green Energy is also exploring green hydrogen, with ongoing discussions for an MoU with two major green hydrogen technology providers.

• Conventional EPC Revenue: The firm will continue generating Rs 200-250 crore from conventional EPC projects, with a major share coming from renewable energy.