Soleos Energy Limited
- Unlisted share
- Energy & Power
- ISIN INE0VL901028
At a glance
Sales
FY26
₹281 Cr
+26.7%on FY25What the company earned from its customers in the year.
Profit
FY26
₹21.48 Cr
−13.5%on FY25What was left after every cost and tax was paid.
Net worth
FY26
₹199 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Soleos Energy Limited
- ISIN
- INE0VL901028
- Sector
- Energy & Power
- Type of share
- Unlisted equity share
- Indicative price per share
- On request
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Soleos Energy Limited
Soleos Energy is an Ahmedabad-based solar company that designs and builds solar power plants for businesses (EPC), develops and advises on projects, looks after plants once they are running, and has started developing and co-owning group captive solar projects through project companies; it also sells solar modules and plans a battery storage manufacturing unit. It began in 2012 as a proprietorship of Bhavesh Rathod, was incorporated as a company in January 2017 and became a public limited company in February 2026. Five promoters led by Chairman and Managing Director Bhaveshkumar C Rathod together hold about 60.63% of the shares.
Written from: res.cloudinary.com, careratings.com
Listing status. Draft Red Herring Prospectus dated 30 September 2026 for an IPO of up to 2,00,00,000 equity shares (fresh issue up to 1,10,00,000; offer for sale up to 90,00,000), proposed to be listed on BSE and NSE. Not yet listed. Draft Red Herring Prospectus dated 30 September 2026 (company investor centre)
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Energy & Power
- ISIN
- INE0VL901028
- Year of incorporation
- 2017
- Registered and corporate office
- Ahmedabad, Gujarat
- Promoters
- Bhaveshkumar C Rathod, Dhavalkumar Ghanshyambhai Jiyani, Parth R Rangholia, Aniket Rangholia and Vipul Rathod (together 60.63% of paid-up capital)
- Key people
- Chairman and Managing Director: Bhaveshkumar C Rathod; Whole-time Directors: Dhavalkumar Ghanshyambhai Jiyani, Parth R. Rangholia; CFO: Priyankkumar Maheshbhai Patel
- Permanent employees
- 66 people
- Face value per equity share
- ₹5
- Equity shares outstanding before the offer
- 4,46,12,880 shares
- Corporate Identity Number
- U31909GJ2017PLC095084
- Official website
- soleosenergy.com
Read from: Draft Red Herring Prospectus dated 30 September 2026 (company investor centre), unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Profit margincalculated
7.6%
Out of every ₹100 of sales, ₹7.6 was left as profit.
Return on equitycalculated
10.8%
For every ₹100 of the owners' money, the company made ₹10.8 of profit in the year.
Debt to equitycalculated
0.51×
The company has borrowed ₹0.51 for every ₹1 of its owners' money.
- Indicative price
- On request
- No. of shares
- 4,46,12,880
- EPS
- ₹5.23
- Book value per share
- ₹44.57
- Face value
- ₹5
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2025-26. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Soleos Energy Limited (formerly Soleos Energy Private Limited; originally Soleos Solar Energy Private Limited). As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY24 to FY26: ₹93.94 Cr to ₹281 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY24 to FY26: ₹5.49 Cr to ₹21.48 Cr.
| Particulars | FY24 | FY25 | FY26Latest |
|---|---|---|---|
| Revenue from operations | 93.94 | 221.84 | 281.16▲27% |
| Other income | 1.04 | 5.04 | 5.7▲13% |
| Total income | 94.98 | 226.88 | 286.85▲26% |
| Depreciation and amortisation expense | 0.19 | 0.54 | 0.72▲33% |
| Finance costs | 1.89 | 2.97 | 5.69▲92% |
| Profit before tax | 7.51 | 34.47 | 29.23▼15% |
| Profit for the year | 5.49 | 24.83 | 21.48▼14% |
| Basic and diluted earnings per share (face value ₹5) (₹) | 4.78 | 7.14 | 5.23▼27% |
Rupees crore unless marked, consolidated. The change shown is the latest year against the year before. Read from: Draft Red Herring Prospectus dated 30 September 2026 (company investor centre), restated consolidated financial information.
Credit rating. CARE BBB-; Stable / CARE A3 on ₹75 crore long-term/short-term bank facilities (assigned) (5 March 2026) CARE Ratings press release
Ownership
Shareholding pattern
Who owns the company
As of 25 September 2026
30.3%Bhaveshkumar C Rathod (promoter)
- Largest holder
- 30.3%
- Top 3 together
- 48.5%
- Holders named
- 13
- Bhaveshkumar C Rathod (promoter)30.32%
- Dhavalkumar Ghanshyambhai Jiyani (promoter)12.13%
- Vipul Rathod (promoter)6.06%
- Parth R Rangholia (promoter)6.06%
- Aniket Rangholia (promoter)6.06%
- Soleos Partners Private Limited5.49%
- Total83.19%
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 23 Feb 20264,01,51,592 bonus equity shares of ₹5 each issued in the ratio 9:1, taking the share count to 4,46,12,880. | Bonus issue | Equity shares | Not stated | Not stated |
| 13 Jan 20261,22,550 equity shares of ₹10 face value allotted at ₹2,448 each to one allottee (before the later split and bonus). | Private placement | Equity shares | ₹2,448 | Not stated |
| 21 Nov 20251,59,315 equity shares of ₹10 face value allotted at ₹2,448 each to 16 allottees (before the later split and bonus). | Private placement | Equity shares | ₹2,448 | Not stated |
| 25 Aug 20251,10,294 equity shares of ₹10 face value allotted at ₹2,448 each to 13 allottees (before the later split and bonus). | Private placement | Equity shares | ₹2,448 | Not stated |
| 18 May 20241,00,000 equity shares of ₹10 face value allotted at ₹1,000 each to 20 allottees (before the later split and bonus). | Private placement | Equity shares | ₹1,000 | Not stated |
| 22 Apr 20242,65,985 equity shares of ₹10 face value allotted at ₹1,000 each to 14 allottees (before the later split and bonus). | Private placement | Equity shares | ₹1,000 | Not stated |
| 31 Mar 20241,20,000 equity shares of ₹10 face value allotted at ₹1,000 each to 11 allottees (before the later split and bonus). | Private placement | Equity shares | ₹1,000 | Not stated |
Read from: Draft Red Herring Prospectus dated 30 September 2026 (company investor centre) (capital structure)
Leadership
Management
Bhaveshkumar C Rathod
Chairman and Managing Director
Dhavalkumar Ghanshyambhai Jiyani
Whole-time Director
Parth R. Rangholia
Whole-time Director
Priyankkumar Maheshbhai Patel
Chief Financial Officer
Dixita Devang Pathak
Company Secretary and Compliance Officer
Aniket Sunil Talati
Independent Director
Swati P Panchal
Independent Director
Deepak Kanubhai Makwana
Independent Director
Read from: Draft Red Herring Prospectus dated 30 September 2026 (company investor centre)
Corporate calendar
Events
- 30 Sept 2026DRHP filingDraft Red Herring Prospectus dated for an IPO of up to 2 crore shares (fresh issue plus offer for sale)Open
- 5 Mar 2026Credit ratingCARE Ratings assigned CARE BBB-; Stable / CARE A3 to ₹75 crore of bank facilitiesOpen
- 25 Feb 2026ConversionConverted to a public limited company and renamed Soleos Energy LimitedOpen
- 23 Feb 2026Bonus issueBonus shares issued in the ratio 9:1Open
- 31 Jan 2026Share splitShareholders approved sub-division of each ₹10 share into two ₹5 sharesOpen
- 14 May 2025Name changeName changed from Soleos Solar Energy Private Limited to Soleos Energy Private LimitedOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Soleos Energy Limited on WhatsAppIs the price shown for Soleos Energy Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Soleos Energy Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Soleos Energy Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Soleos Energy Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.