IGREL Renewables Limited Unlisted Share Price
As of , IGREL Renewables Limited is not listed on any Indian stock exchange (NSE or BSE) — its shares trade in the unlisted, over-the-counter (pre-IPO) market.
What is IGREL Renewables Limited?
IGREL Renewables Limited is an unlisted Utilities company whose shares trade in India's over-the-counter (pre-IPO) market and settle in demat form (NSDL/CDSL).
IGREL Renewables Limited is a Vadodara-based renewable power generation company incorporated in October 2023 and promoted by the INOXGFL Group, the diversified conglomerate whose interests span fluorochemicals, wind turbine manufacturing and clean energy. Conceived as the group's dedicated independent power producer (IPP) platform, IGREL is building a portfolio of utility-scale wind and solar generation assets, positioning the broader group across the full renewable value chain — from project development and equipment manufacturing to EPC, operations and maintenance, power supply and consumption. The company's stated ambition is to reach an installed generation capacity of around 2 GW by FY27, combining wind and solar projects, supported by a cumulative capital outlay estimated at roughly ₹12,000 crore. Early in its journey it tied up power purchase agreements and letters of intent for several hundred megawatts of capacity, including offtake from group entities and large commercial and industrial customers. It has also engaged group affiliate Inox Wind for wind turbine supply on a 550 MW project, illustrating the intra-group integration that underpins its build-out strategy. In September 2024, IGREL raised ₹300 crore of equity capital with participation from a set of marquee individual and institutional investors, including market participants associated with Madhusudan Kela, Akash Bhansali and Rohit Kothari, in a round described as resulting in only single-digit dilution. The fundraise reflected the appetite for exposure to large, professionally backed renewable platforms at an early stage. IGREL draws attention in the unlisted and private-market ecosystem because of its strong group parentage, the scale of its capacity roadmap and India's broader clean-energy transition theme. As a relatively young, capital-intensive developer, it is closely watched by those tracking the renewable sector. The company is a public limited entity under its CIN but is not currently listed or traded on the NSE or BSE main board, and information here is presented for general awareness only.
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Frequently asked questions
The ISIN of IGREL Renewables Limited is INE0S0101012. An ISIN is the unique 12-character code that identifies a company's shares in the depository system; this one is verified against NSDL (the National Numbering Agency). You need it to hold or transfer these unlisted shares in your NSDL or CDSL demat account.
IGREL Renewables Limited is a renewable power generation company promoted by the INOXGFL Group and based in Vadodara, Gujarat. It develops and operates utility-scale wind and solar projects as an independent power producer, with a stated target of reaching around 2 GW of installed capacity by FY27.
IGREL Renewables is a public limited company under its CIN but is not currently listed or traded on the NSE or BSE main board. In India, shares of unlisted companies are generally transferred privately between a willing buyer and seller and settled into the buyer's demat account; availability, eligibility and documentation vary. This is general information, not investment advice.
Indicative prices for unlisted shares are not set by an exchange. They reflect private buyer-and-seller negotiation and are influenced by factors such as company fundamentals, recent funding rounds and valuations, sector sentiment, capacity and project progress, and overall demand and supply in the private market. Such prices are indicative only and can change.
IGREL Renewables Limited was incorporated in 2023 (CIN U35100GJ2023PLC145563) with its registered office in Vadodara, Gujarat. It is backed by the INOXGFL Group, raised ₹300 crore of equity capital in 2024 from marquee investors, and is targeting roughly 2 GW of wind and solar capacity by FY27 at an estimated cumulative capex of about ₹12,000 crore.
They can. If the company declares a dividend, unlisted shareholders are eligible like any other shareholder. Many unlisted firms reinvest profits, so dividends are not guaranteed.
After listing, unlisted shares convert into regular listed shares in your demat account and can be traded on the exchange, usually once any applicable SEBI lock-in period ends.
Unlisted shares are less liquid than listed shares. You can sell when a buyer is available through an off-market transfer; there is no continuous exchange market, so exits can take longer.
Unlisted shares carry higher risk and lower liquidity than listed shares, with fewer disclosures and no live market price. This is general information, not investment advice — assess suitability before investing.
An unlisted share price is an indicative, over-the-counter reference set by demand and supply in private deals between buyers and sellers. There is no live exchange quote, so prices can vary across dealers and over time.
Yes. Unlisted shares are delivered in dematerialised form, so you need an active demat account (NSDL or CDSL). No special account type is required — a regular demat account works.
Unlisted shares are sold through an off-market transfer to a buyer via a registered intermediary, settling from your demat account with a contract note. Liquidity depends on buyer availability, so exits can take longer than listed shares.
IGREL Renewables Limited vs similar unlisted Utilities shares
Indicative over-the-counter prices. Information only — not a recommendation or ranking.