Apollo Green Energy: IPO Likelihood & Timeline

Apollo Green Energy is backed by its parent company, Apollo International Group, a privately held conglomerate founded by Raaja Kanwar. With diversification into green energy, fashion, supply chain & logistics, the group brings over financial strength, strategic direction, and operational support to Apollo Green. Though unlisted, Apollo International’s reputation significantly enhances Apollo Green’s IPO credibility and growth in the renewable sector. It’s important to note that Apollo International is not affiliated with Apollo Hospitals, despite the shared name.

As per the recent official announcements and media coverage, Apollo Green Energy appears to have a very strong likelihood of an Initial Public Offering (IPO). Here's a detailed analysis of Apollo Green Energy IPO likelihood & timeline:

Futuristic green energy city with wind turbines, solar panels, and modern skyscrapers, featuring bold text 'IPO Upcoming' to represent an upcoming IPO in the renewable energy sector.

Image generated with Gemini.

Direct Statement From Company Management

“IPO by first quarter of 2026: We are laying the groundwork for our Initial Public Offering. This will provide us the capital thrust to fuel our expansion into solar, energy storage, green hydrogen, and other renewable infrastructure.” – Raaja Kanwar, Chairman.

This is a clear-cut signal of IPO's upcoming, a public, time-bound statement directly from the company’s chairman. It explicitly confirms:

Intent: IPO is strategic, not exploratory.
Timeline: Target is Q1 2026.
Preparation: "Laying the groundwork" implies backend work (DRHP, financial grooming, restructuring) is in progress.

Supporting Financial Strength

The company’s financial position supports IPO readiness, improving IPO viability:

Revenue: ₹72,616 lakhs
PAT (FY 2024–25): ₹4,436 lakhs (↑ 50% YoY)
Declared Dividend: 15%

These financials:

Strengthen IPO readiness (SEBI norms require profitability)
Show investor-return philosophy (dividends build trust for IPO credibility).

Supported by Multiple Media Reports

Source & Link	Key Statement
LiveMint	Apollo Green Energy plans IPO by the end of 2025 to raise capital for a ₹10,000 crore EPC portfolio. (cited by the official website)
IPO Central & Chryseum	Work on the DRHP has already started, targeting a Diwali 2025 filing.
ET EnergyWorld (Economic Times)	Apollo Green Energy set to launch IPO by Q4 CY25

This point concludes that,

DRHP preparation has begun.
Timing aligns with the Diwali 2025 filing window, consistent with a Q1 2026 IPO launch.

No Negative Signals

Till now, there are many strong signals from the higher authorities of the company, supported by reports from many major media houses. However, there are no solid negative signals for Apollo Green Energy’s IPO. Like,

No delay or cooling-off in IPO tone but a firm commitment as per Chairman’s message, June 2025.
Financials support IPO readiness, No Operational or Financial Breakdown.
There are no Regulatory or Legal Challenges. No public records of any SEBI objections, Corporate governance doubts or anything.

Estimated Timeline

Q1 2026 - As announced officially by the Chairman
Q2-Q3 2025 - DRHP underway as reported by Chryseum
DRHP Filing - Diwali Listing as reported by Chryseum
SEBI Review - Takes the usual 2-3 months

This point could conclude an expected Apollo Green Energy IPO with 8-9 months from today, by Q1 2026, if everything goes smoothly and there appear to be no unforeseen regulatory or macroeconomic delays.

Also Check: LT Foods Fundamental Analysis

Final Verdict

IPO Likelihood- The IPO likelihood is very high, backed by the Chairman’s official statement and supported by media coverage and ongoing DRHP preparation. All indicators point toward an imminent public listing.

Expected Time- The IPO is expected in Q1 2026, as officially announced by the Chairman. This timeline aligns with reports of a Diwali 2025 DRHP filing and the standard SEBI review period of 2–3 months.

All indicators, internal, external, financial and market align well to confirm Apollo Green Energy’s IPO is no longer a matter of ‘if’ but ‘when’ and that ‘when’ is fast approaching.

About the Author

Jagriti Soni

I am a writer who is curious to learn and explore new things and share the same with my readers. I craft content that’s easy to understand, with a dash of wit to keep things light and relatable.

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