Zodiac Energy Limited is a company based in Ahmedabad, Gujrat that provides energy solutions. The company was established in 1992 and offers turnkey services that cover the entire process from the inception to the operation and maintenance of power plants. These services include design, supply, installation, testing, commissioning, and operation & maintenance.
Zodiac Energy has installed solar power plants for prominent clients such as Sun-Edison India Limited, Adani Group, and Reserve Bank of India, among others. The company has already installed more than 6,000 KW of rooftop solar power plants, and it aims to increase this to 10,000 KW by the end of 2017-18.
Zodiac Energy Details
| IPO Date | Nov 23, 2017 to Nov 27, 2017 |
| Listing Date | Dec 5, 2017 |
| Face Value | ₹10 per share |
| Price | ₹52 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,950,000 shares (aggregating up to ₹10.14 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Zodiac Energy Listing Details
| Listing Date | Dec 5, 2017 |
| BSE Script Code | |
| NSE Symbol | ZODIAC |
| ISIN | INE761Y01019 |
| Final Issue Price | ₹52 per share |
Industry Overview
The renewable energy industry has been growing rapidly in recent years due to the increased awareness and emphasis on reducing carbon emissions and mitigating climate change. The demand for renewable energy solutions is expected to continue to increase in the coming years, with solar energy being one of the fastest-growing segments in the industry.
The compound annual growth rate (CAGR) of the renewable energy industry is estimated to be around 6% between 2021 and 2028, according to a report by ResearchAndMarkets. This growth is driven by factors such as government initiatives and incentives, declining costs of renewable energy technologies, and increasing demand for energy in emerging economies. Within the solar power segment, the CAGR is expected to be even higher, at around 20% during the same period.
Company financials
| Company financial performance (in INR lakh) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | Q1 FY2018 | |
| Total revenue | 885.6 | 952.5 | 870.1 | 920.5 | 1,674.3 | 824.8 |
| Total expenses | 865.9 | 936.6 | 864.4 | 904.6 | 1,639.4 | 759.5 |
| Profit after tax | 9.4 | 11.1 | 4.6 | 11.0 | 23.8 | 49.0 |
Objects of the Issue
The objects of the Issue are:
1. Net Incremental Working Capital Requirement;
2. General Corporate Purpose;
3. Meeting Public Issue Expenses.
Zodiac Energy Prospectus
Company Contact Information
Zodiac Energy Limited
A-1204, Siddhi Vinayak Towers,
Off S G Highway, Makarba, Vejalpur,
Ahmedabad 380 051
Phone: +91 79 2970 4116
Email: compliance@zodiacenergy.com
Website: http://zodiacenergy.com/
Zodiac Energy Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: zodiacenergy.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Zodiac Energy Lead Manager(s)
- Swastika Investmart Ltd (Past IPO Performance)
