GH2 Solar Limited Unlisted Share Price
GH2 Solar Limited unlisted share price is ₹318 per share (indicative, as of 18 Oct 2026). Minimum ticket ₹25,000 (lot of 89 shares), the same for every company. Sector: IT & Industrials. Status: unlisted, no DRHP on record.
All unlisted share prices: dated indicative prices for every company the desk tracks.
Updated 18 Oct 2026, 10:10 IST. Dated dealer references.
BuyUnlistedShares tracks 230 unlisted companies with dated prices; GH2 Solar Limited’s indicative price is ₹318 per share as of 18 Oct 2026, a lot of 89 shares.
Key facts
- Indicative price
- ₹318 per share
- Price as of
- 18 Oct 2026
- Minimum investment
- ₹25,000
- Lot size
- 89 shares
- Sector
- IT & Industrials
- Listing status
- Unlisted
- Settlement
- Demat to demat; terms agreed in writing for each deal
- Last updated
- 18 Oct 2026, 10:10 IST
Indicative and dated. BuyUnlistedShares deals as principal.
Buying at a glance
- Minimum ticket
- ₹25,000
- Price shown
- Indicative, dated 18 Oct 2026
- Delivery
- Shares are credited to your demat account
In plain words
- Lock-in if it lists
- Shares bought before an IPO are generally locked in for six months from the IPO allotment date under SEBI rules. The issue documents set the exact terms.
- Demat
- Yes. ISIN INE1FAE01019: the shares sit in your own demat account and move demat to demat through NSDL or CDSL.
- IPO status
- Unlisted. No DRHP on record.
Facts only, not a rating or a recommendation.
Compare it against the full unlisted share price list: every company the desk quotes, each with a dated indicative price.
Indicative move: +28.2% over 3 months.
Key figures
| Market cap | ₹619.59 Cr |
|---|---|
| Minimum investment | ₹25,000 |
| Lot size | 89 |
| P/E ratio | 13.28x |
| ROE | 34.08% |
| Book value | ₹30.28 |
| Face value | ₹10 |
| 52-week high | ₹322 |
| 52-week low | ₹228 |
| ISIN | INE1FAE01019 |
| Dividend yield | 0% |
Financials (₹ Cr)
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 61.7 | 64.8 | 212 |
| PAT | 0.93 | 3.46 | 20.1 |
| EPS (₹) | — | — | 10.0 |
About the company
GH2 Solar Limited is an Indian renewable energy company operating across solar power and the emerging green hydrogen value chain. The business traces its roots to the 1990s and was incorporated in its present corporate form in 2013, originally focusing on solar engineering, procurement and construction (EPC) before broadening into adjacent clean-energy segments.
Prices shown are indicative and dated. Unlisted shares are illiquid and values can move sharply.
Registry
- ISIN: INE1FAE01019
- Depository: NSDL & CDSL
- Listed at: Unlisted
- Price as of: 18 Oct 2026
Company facts
| CIN | U40300DL2013PTC249995 |
|---|---|
| Incorporated | 2013 |
| ISIN | INE1FAE01019 |
| Face value | ₹10 |
| Registered office | Unit No. 1, Plot No. 2, DDA Building District Centre, Nehru Place, New Delhi 110019, Delhi, India |
| Shares outstanding | 1,94,84,080 |
| Lot size | 89 shares |
| Minimum units | 40 |
| DRHP | Not filed |
Financial statements (₹ Cr)
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 vs FY25 |
|---|---|---|---|---|---|---|
| Revenue | 17.31 | 61.72 | 64.77 | 212.09 | 578.16 | +172.6% |
| EBITDA | — | 1.68 | 5.47 | 21.95 | 69.98 | +218.8% |
| Profit before tax | — | 1.29 | 4.99 | 21.47 | 63.17 | +194.2% |
| Profit after tax | 0.59 | 0.93 | 3.46 | 20.07 | 46.64 | +132.4% |
| EPS (₹) | — | 244.74 | 10.03 | 10.04 | 23.94 | +138.4% |
| Operating margin | — | — | — | 13.4% | — | — |
| Net margin | — | — | — | 9.5% | — | — |
| Share capital | — | — | — | 4.29 | — | — |
| Reserves & surplus | — | — | — | 54.71 | — | — |
| Net worth | — | — | — | 59 | — | — |
| Fixed assets | — | — | — | 5.32 | — | — |
| Trade receivables | — | — | — | 56.86 | — | — |
| Trade payables | — | — | — | 11.95 | — | — |
| Cash from operations | — | — | — | −22.19 | — | — |
| Cash from investing | — | — | — | −41.52 | — | — |
| Cash from financing | — | — | — | 66.52 | — | — |
| Net cash generated | — | — | — | 2.81 | — | — |
Key ratios and valuation
| Measure | Value | Basis |
|---|---|---|
| Indicative price | ₹318 | dealer reference, 18 Oct 2026 |
| Market cap | ₹619.59 Cr | price × 1,94,84,080 shares |
| P/E | 13.28x | price ÷ EPS ₹23.94 (FY26) |
| P/B | 10.5x | price ÷ book value ₹30.28 |
| EPS | ₹23.94 | per share, FY26 |
| Book value | ₹30.28 | per share, latest books |
| RoE | 34.08% | return on equity, latest FY |
| Debt / equity | 0.81 | latest balance sheet |
| Dividend yield | 0% | at the indicative price |
| Face value | ₹10 | per share |
| 52-week range | ₹228 – ₹322 | 211 dated quotes, last 12 months |
| Shares outstanding | 1,94,84,080 | per company record |
Shareholding pattern
| Category | Holder | % of equity |
|---|---|---|
| Promoters | Promoters | 76.57% |
| Promoters | Non-Promoters / Public | 23.43% |
Promoters 100%
Management and promoters
| Name | Designation | Experience |
|---|---|---|
| Anurag Jain | Founder & CEO | — |
| Kapil Agrawal | Chief Financial Officer | — |
| Anuj Mathur | Head Of Green Hydrogen | — |
| Aditi Jain | Director | — |
| Vepul Jain | Director | — |
| Akhileshwar Singh | Director | — |
| Anjuli Chaudhary | Director | — |
Business model
GH2 Solar describes itself as an integrated clean-energy platform. The company began in solar EPC and says it executes end-to-end engineering, procurement and construction work for utility-scale and commercial solar projects in India. It later expanded into open-access solar and integrated renewable solutions. Its stated offerings encompass renewable-power generation, energy storage through BESS, green-hydrogen production, electrolyzer manufacturing, hydrogen mobility, fuel-cell systems and downstream green molecules such as green methanol.
The company says its projects use EPC, BOO, power-purchase agreement and open-access structures, representing the delivery and ownership models it uses. Its roadmap spans solar and BESS, green hydrogen, electrolyzers, fuel-cell systems, green mobility and green molecules. The site identifies the founder and managing director, but it does not publish audited financial performance or named ownership percentages on the reviewed page.
News and insights
Corporate actions and events
| Date | Type | Detail | Ratio / amount | Source |
|---|---|---|---|---|
| Undated | Rating | CRISIL assigned CRISIL BBB-/Stable and CRISIL A3 ratings to the company’s bank debt facilities. (7 Nov 2025) | — | Source |
Reports and filings
No filings uploaded yet.
Frequently asked questions
What does GH2 Solar Limited do?
GH2 Solar Limited is an Indian renewable energy company active across solar EPC and rooftop installations, commercial and industrial open-access power solutions, green hydrogen production, and electrolyzer manufacturing. It designs, builds and maintains solar photovoltaic systems on a pan-India basis and has expanded into the green hydrogen value chain.
Is GH2 Solar Limited listed on NSE or BSE, and how can its unlisted shares be transacted?
No. GH2 Solar Limited is currently an unlisted company and is not traded on the NSE or BSE main board, and it has not filed a public listing document. Unlisted shares are generally transacted off-market between buyers and sellers and settled by transferring shares into the buyer's demat account against payment, subject to applicable terms.
What determines the indicative price of GH2 Solar Limited unlisted shares?
The indicative price reflects supply and demand among buyers and sellers in the off-market for unlisted shares, along with factors such as the company's reported financial performance, order pipeline, developments in the solar and green hydrogen sectors, and broader market sentiment. Because there is no exchange-based continuous trading, quoted prices are indicative and can vary between sources and over time.
What are the key fundamentals of GH2 Solar Limited?
Publicly circulated details include ISIN INE1FAE01019, a face value of ₹10 per share, and incorporation in its present corporate form in 2013, with operations centered in the Delhi-NCR region (Noida, Uttar Pradesh). The company reports activity across solar and green hydrogen segments. Figures cited in the unlisted market are indicative and should be independently verified.
What is the GH2 Solar Limited unlisted share price today?
The indicative over-the-counter reference price is ₹318 per share as of 18 Oct 2026. It is a dated dealer reference, refreshed every working day.
Is GH2 Solar Limited listed on a stock exchange?
Not yet. GH2 Solar Limited changes hands in the unlisted market, over the counter and settle into your demat account through NSDL and CDSL.
What is the minimum investment in GH2 Solar Limited?
The minimum ticket is ₹25,000, the same for every company on the site.
What is the ISIN of GH2 Solar Limited?
INE1FAE01019. Holdings are settled in demat form through NSDL and CDSL.
How do I buy GH2 Solar Limited unlisted shares?
Send an enquiry with the quantity you have in mind. The desk replies with a dated quote, the paperwork list and the demat steps, and the shares settle demat to demat into your own account.
Is there a lock-in if GH2 Solar Limited lists?
Pre-IPO shareholders other than promoters are generally locked in for six months from the date of IPO allotment under SEBI ICDR regulation 17. The final offer document sets the exact terms.
Sources
- Rating: CRISIL assigned CRISIL BBB-/Stable and CRISIL A3 ratings to the company’s bank debt facilities. (7 Nov 2025) · crisilratings.com
- BuyUnlistedShares indicative price series for GH2 Solar Limited, dated daily · since 24 Feb 2026 (211 dated quotes) · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “GH2 Solar Limited unlisted share price”, https://buyunlistedshares.com/unlisted-shares/gh2-solar-limited, as of 18 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 18 Oct 2026.
Before you buy: guides
- How to evaluate an unlisted company before investing
- How Unlisted Share Prices Are Discovered When There Is No Live Order Book
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- Can an NRI invest in unlisted shares in India?
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