GH2 Solar Unlisted Share Price Up 11.2% in October 2026
· 6 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.
GH2 Solar Limited saw its indicative unlisted share price increase by 11.2% over a one-week period, reaching ₹318.0 per share on 05 Oct 2026.
Direct answer: The indicative price of GH2 Solar Limited unlisted shares rose +11.2% from ₹286.0 on 28 Sep 2026 to ₹318.0 on 05 Oct 2026. Data tracked by BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 shows the share moving between ₹242.0 and ₹318.0 over the past 90 days.
Recent Price Movement and 90-Day Trend Context
During the week ending 05 Oct 2026, the indicative unlisted share price for GH2 Solar Limited moved from ₹286.0 on 28 Sep 2026 to ₹318.0 on 05 Oct 2026, representing a gain of +11.2%. Off-market quotes reflect dealer-negotiated transactions and overall trading activity across the private secondary market.
The 90-day price trend illustrates a progression from a low of ₹242.0 recorded on 09 Jul 2026 to a peak of ₹318.0 on 05 Oct 2026.
Price movements in unlisted equities depend on private order matching, market supply and demand, and broader interest in clean energy business models. Similar short-term swings have been observed across other pre-IPO counters, such as described in Transline Technologies Unlisted Share Price Up 12.7% (2026). Readers can view dedicated updates on GH2 Solar Limited on BuyUnlistedShares.
Business Profile and Operational Model
GH2 Solar Limited operates as an integrated renewable energy platform focused on solar power execution and the emerging green hydrogen value chain. Tracing its corporate background to the 1990s, the entity was incorporated in its current corporate structure in 2013 (CIN: U40300DL2013PTC249995) and maintains its operational headquarters in Noida, Uttar Pradesh (Delhi-NCR region).
The company divides its clean energy operations into four primary business segments:
- Solar EPC & Rooftop Solutions: Turnkey design, engineering, procurement, and maintenance of grid-connected solar photovoltaic setups ranging from residential units to commercial and utility-scale installations.
- Open-Access Renewable Power: Structuring third-party solar installations and power purchase agreements (PPAs) for commercial and industrial customers seeking off-site renewable power.
- Green Hydrogen Production: Developing demonstration and commercial-scale green hydrogen projects, including an operational demonstration plant linked to a major port facility in Tamil Nadu.
- Electrolyzers & Clean Mobility: Engaging in domestic electrolyzer assembly and manufacturing initiatives alongside research into fuel-cell systems, Battery Energy Storage Systems (BESS), and downstream green molecules like green methanol.
As of 06 Oct 2026, the executive team is led by Founder & CEO Anurag Jain, Chief Financial Officer Kapil Agrawal, and Head of Green Hydrogen Anuj Mathur, alongside board directors Aditi Jain, Vepul Jain, Akhileshwar Singh, and Anjuli Chaudhary.
Financial Performance and Operational Scale
Financial data compiled from company disclosures and market filings reflects operational expansion across recent fiscal periods. Reported revenue grew from ₹17.31 Cr in FY22 to ₹61.72 Cr in FY23, reaching ₹64.77 Cr in FY24 and expanding to ₹212.09 Cr in FY25. For FY26, annualised revenue figures stand at ₹578.16 Cr.
Financial metrics tracked between FY23 and FY26 reflect expanding net profitability, with profit after tax rising from ₹0.93 Cr in FY23 to ₹46.64 Cr in FY26.
Net profit after tax (PAT) moved from ₹0.59 Cr in FY22 to ₹0.93 Cr in FY23, ₹3.46 Cr in FY24, and ₹20.07 Cr in FY25. Balance sheet metrics as of FY25 show reserves and surplus of ₹54.71 Cr against share capital of ₹4.29 Cr. External credit profiles include bank debt facility ratings of CRISIL BBB-/Stable and CRISIL A3 assigned by CRISIL Ratings on 07 Nov 2025.
Information compiled by BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 indicates total equity borrowings of ₹101.92 Cr (as of 03 Oct 2026) alongside a return on equity (ROE) of 34.08% and a debt-to-equity ratio of 0.81.
Key Valuation Metrics and Capital Structure
The company's equity capital structure comprises 19,484,080 total outstanding shares with a face value of ₹10.0 per share. Promoters retain a 76.57% stake in the entity, while non-promoter and public entities hold the remaining 23.43%.
86 Cr. On BuyUnlistedShares the minimum ticket is ₹25,000 the same for every company.6. Market participants can cross-check these values against other pre-IPO companies using the Unlisted shares screener.
Market Context, IPO Calendar, and Risk Considerations
GH2 Solar Limited has not filed a Draft Red Herring Prospectus (DRHP) or Red Herring Prospectus (RHP) with the Securities and Exchange Board of India (SEBI) as of 06 Oct 2026. Therefore, no official public offering timeline or price band exists. Investors tracking forthcoming public issuances can monitor the IPO calendar for regulatory filings.
Participation in unlisted equities carries distinct operational and capital risks:
- Liquidity Risk: Unlike exchange-listed shares traded on the BSE or NSE, unlisted shares lack a continuous centralized order book. Trades rely on off-market counterparty matching, which may delay liquidity.
- Price Volatility: Unlisted share quotes can fluctuate based on localized demand or sector news, as illustrated in broader market context such as PharmEasy Unlisted Share Price Drops 11.7% in September 2026.
- Regulatory & Disclosure Differences: Unlisted companies are not subject to continuous listing disclosures mandated by stock exchanges, meaning official financial disclosures occur periodically rather than quarterly.
To request secondary market quotes or review available transfer lots for clean energy unlisted shares, connect with BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 by visiting our enquiry page.
| Item | Value | As of |
|---|---|---|
| Indicative price | ₹322 | 6 Oct 2026 |
| Lot size | 89 shares | 6 Oct 2026 |
| Minimum investment | ₹25,098 | 6 Oct 2026 |
| Market cap | ₹534 Cr | 6 Oct 2026 |
| Face value | ₹10 | 6 Oct 2026 |
| Book value | ₹30.28 | 6 Oct 2026 |
| P/E | 22.33 | 6 Oct 2026 |
| ISIN | INE1FAE01019 | 6 Oct 2026 |
| Sector | Energy | 6 Oct 2026 |
| Listing status | UNLISTED | 6 Oct 2026 |
Frequently Asked Questions
What is the current indicative price of GH2 Solar unlisted shares?
As of 05 Oct 2026, the indicative off-market price for GH2 Solar Limited unlisted shares is ₹318.0 per share, up +11.2% from ₹286.0 on 28 Sep 2026.
Is GH2 Solar Limited listed on the BSE or NSE?
No. GH2 Solar Limited is an unlisted public company and its shares are not traded on public stock exchanges. Off-market transfers are processed via demat account transfers against off-market settlement.
What is the minimum investment required for GH2 Solar unlisted shares?
What business segments does GH2 Solar Limited operate in?
GH2 Solar Limited operates across four clean-energy areas: solar EPC engineering, open-access renewable power solutions, green hydrogen production, and electrolyzer manufacturing.
Does BuyUnlistedShares recommend buying or selling GH2 Solar unlisted shares?
No. BuyUnlistedShares does not provide investment advice, ratings, price targets, or recommendations to buy, sell, or hold unlisted securities. All figures are published solely for informational purposes.
Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.
