Solar 91 Cleantech Limited Unlisted Share Price
Solar 91 Cleantech Limited unlisted share price is ₹448 per share (indicative, as of 17 Oct 2026). Minimum ticket ₹25,000 (lot of 54 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 17 Oct 2026, 22:10 IST. Dated dealer references.
BuyUnlistedShares tracks 230 unlisted companies with dated prices; Solar 91 Cleantech Limited’s indicative price is ₹448 per share as of 17 Oct 2026, a lot of 54 shares.
Key facts
- Indicative price
- ₹448 per share
- Price as of
- 17 Oct 2026
- Minimum investment
- ₹25,000
- Lot size
- 54 shares
- Sector
- IT & Industrials
- Listing status
- Unlisted
- Settlement
- Demat to demat; terms agreed in writing for each deal
- Last updated
- 17 Oct 2026, 22:10 IST
Indicative and dated. BuyUnlistedShares deals as principal.
Buying at a glance
- Minimum ticket
- ₹25,000
- Price shown
- Indicative, dated 17 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 INE0U5I01016: 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: -5.7% over 3 months.
Key figures
| Market cap | ₹723.19 Cr |
|---|---|
| Minimum investment | ₹25,000 |
| Lot size | 54 |
| P/E ratio | — |
| ROE | 19.64% |
| Book value | ₹18.04 |
| Face value | ₹10 |
| 52-week high | ₹566 |
| 52-week low | ₹448 |
| ISIN | INE0U5I01016 |
| Dividend yield | — |
Financials (₹ Cr)
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 37.6 | 42.8 | — |
| PAT | 0.20 | 2.61 | — |
About the company
Solar 91 Cleantech Limited is a Jaipur-based renewable energy company incorporated in 2015. It started as a solar engineering, procurement and construction (EPC) provider and has since extended into operations and maintenance (O&M) services and an Independent Power Producer (IPP) model, building and running distributed solar assets through special purpose vehicle structures.
Prices shown are indicative and dated. Unlisted shares are illiquid and values can move sharply.
Registered in Jaipur, Rajasthan.
Registry
- ISIN: INE0U5I01016
- Depository: NSDL & CDSL
- Listed at: Unlisted
- Price as of: 17 Oct 2026
Company facts
| CIN | U40108RJ2015PTC048401 |
|---|---|
| Incorporated | 2015 |
| ISIN | INE0U5I01016 |
| Face value | ₹10 |
| Registered office | Plot No. D-802, Sector 5, Malviya Nagar, Jaipur, Rajasthan 302017, India |
| Shares outstanding | 1,61,42,670 |
| Lot size | 54 shares |
| Minimum units | 25 |
| DRHP | Not filed |
Financial statements (₹ Cr)
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | FY25 vs FY24 |
|---|---|---|---|---|---|---|
| Revenue | 17.41 | 41.57 | 37.58 | 42.77 | 82.19 | +92.2% |
| EBITDA | — | 0.19 | 0.67 | 3.64 | 12.02 | +230.2% |
| Profit before tax | — | 0.46 | 0.48 | 3.16 | 11.3 | +257.6% |
| Profit after tax | 0.13 | 0.32 | 0.2 | 2.61 | 5.7 | +118.4% |
| EPS (₹) | — | 266.67 | 226.24 | 1,519.07 | 3.78 | −99.8% |
| Operating margin | — | 0.4% | 2% | 8.5% | — | — |
| Net margin | — | 0.8% | 0.5% | 6.1% | — | — |
| Share capital | — | 0.01 | 0.02 | 0.02 | — | — |
| Reserves & surplus | — | 1.29 | 2.34 | 4.7 | — | — |
| Net worth | — | 1.3 | 2.36 | 4.72 | — | — |
| Fixed assets | — | 0.08 | 0.15 | 4.57 | — | — |
| Investments | — | 0.09 | 0.39 | 2.74 | — | — |
| Trade receivables | — | — | — | 2.16 | — | — |
| Trade payables | — | — | — | 0.33 | — | — |
| Cash from operations | — | −3.75 | −3.34 | 3.97 | — | — |
| Cash from investing | — | −0.06 | −1.39 | −3.37 | — | — |
| Cash from financing | — | 1.31 | 5.82 | 2.47 | — | — |
| Net cash generated | — | −2.5 | 1.09 | 3.07 | — | — |
Key ratios and valuation
| Measure | Value | Basis |
|---|---|---|
| Indicative price | ₹448 | dealer reference, 17 Oct 2026 |
| Market cap | ₹723.19 Cr | price × 1,61,42,670 shares |
| P/E | — | |
| P/B | 24.83x | price ÷ book value ₹18.04 |
| EPS | — | |
| Book value | ₹18.04 | per share, latest books |
| RoE | 19.64% | return on equity, latest FY |
| Debt / equity | 2.69 | latest balance sheet |
| Dividend yield | — | |
| Face value | ₹10 | per share |
| 52-week range | ₹448 – ₹566 | 213 dated quotes, last 12 months |
| Shares outstanding | 1,61,42,670 | per company record |
Shareholding pattern
| Category | Holder | % of equity |
|---|---|---|
| Promoters | Promoters / Founders | 68.25% |
| Public | Other People (Public) | 15.92% |
| Public | Angel Investors | 8.37% |
| Institutions | Funds | 4.64% |
| Others | Enterprise / Bodies Corporate | 2.8% |
Promoters 68.25% · Institutions 4.64% · Public 24.29% · Others 2.8%
Management and promoters
| Name | Designation | Experience |
|---|---|---|
| Saurabh Vyas | Chairperson & Whole-Time Director | — |
| Prateek Agrawal | Managing Director | — |
| Sandeep Gurnani | Chief Executive Officer | — |
| Dhawal Vasavada | Promoter / Director | — |
Business model
Solar91 Cleantech Limited provides EPC solar-energy solutions to commercial and industrial customers. It builds, operates and maintains grid-connected and off-grid solar projects that enable customers to meet electricity demand with renewable power. Under its stated turnkey EPC model, the end consumer generally makes the plant investment. The company is also building an independent power producer model. It creates special-purpose vehicles as wholly owned subsidiaries to build, own, operate and maintain solar projects.
Those subsidiaries sell electricity generated by their projects to distribution companies under power-purchase agreements. Solar91 lists industrial, commercial and residential rooftop solar, open-access and group-captive solutions, agro PV and distributed solar investments among its markets. By the DRHP date it had commissioned 180 EPC plants across 13 Indian states and one in Kenya, and two IPP projects started in 2023. Its IPP development included agricultural-feeder solarisation projects.
Corporate actions and events
| Date | Type | Detail | Ratio / amount | Source |
|---|---|---|---|---|
| Undated | Bonus | Bonus issue of 1,50,56,300 equity shares of face value Rs. 10 each. (31 May 2024) | — | Source |
| Undated | Other | Registrar of Companies issued a new certificate of incorporation following conversion from Solar91 Cleantech Private Limited to Solar91 Cleantech Limited. (22 Jul 2024) | — | Source |
Reports and filings
No filings uploaded yet.
Annual reports
- Solar 91 Cleantech Limited annual report 2023-24 (PDF)
- Solar 91 Cleantech Limited annual report 2022-23 (PDF)
- Solar 91 Cleantech Limited annual report 2021-22 (PDF)
- Solar 91 Cleantech Limited annual report 2020-21 (PDF)
Frequently asked questions
What does Solar 91 Cleantech Limited do?
Solar 91 Cleantech Limited is a Jaipur-based renewable energy company incorporated in 2015. It provides solar EPC and O&M services and operates as an Independent Power Producer, developing distributed solar projects for commercial, industrial and agricultural clients, with activity in government schemes such as PM-KUSUM and in battery energy storage.
Is Solar 91 Cleantech Limited listed on NSE or BSE?
No. The company filed for an IPO on the BSE SME platform in 2024, but the issue was postponed in December 2024 and remains pending regulatory clearance. Its shares are currently traded only in the unlisted market and are not listed on NSE or BSE.
How can someone buy Solar 91 Cleantech Limited unlisted shares?
Unlisted shares are transacted privately rather than on a stock exchange. You can contact the desk for current availability, indicative pricing and details of the transfer process.
What are the risks of holding Solar 91 Cleantech Limited unlisted shares?
Unlisted and pre-IPO shares carry higher risk and lower liquidity than listed stocks. There is no certainty that an IPO will take place or that shares can be sold quickly, valuations can be hard to verify, and prices may move sharply. Assess your own risk tolerance and consider consulting a SEBI-registered adviser.
What is the Solar 91 Cleantech Limited unlisted share price today?
The indicative over-the-counter reference price is ₹448 per share as of 17 Oct 2026. It is a dated dealer reference, refreshed every working day.
Is Solar 91 Cleantech Limited listed on a stock exchange?
Not yet. Solar 91 Cleantech 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 Solar 91 Cleantech Limited?
The minimum ticket is ₹25,000, the same for every company on the site.
What is the ISIN of Solar 91 Cleantech Limited?
INE0U5I01016. Holdings are settled in demat form through NSDL and CDSL.
How do I buy Solar 91 Cleantech 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 Solar 91 Cleantech 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
- Solar 91 Cleantech Limited annual report 2023-24 · FY 2023-24 · solar91.com
- Solar 91 Cleantech Limited annual report 2022-23 · FY 2022-23 · solar91.com
- Solar 91 Cleantech Limited annual report 2021-22 · FY 2021-22 · solar91.com
- Solar 91 Cleantech Limited annual report 2020-21 · FY 2020-21 · solar91.com
- Bonus: Bonus issue of 1,50,56,300 equity shares of face value Rs. 10 each. (31 May 2024) · bseindia.com
- BuyUnlistedShares indicative price series for Solar 91 Cleantech Limited, dated daily · since 19 Sep 2025 (214 dated quotes) · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Solar 91 Cleantech Limited unlisted share price”, https://buyunlistedshares.com/unlisted-shares/solar-91-cleantech-limited, as of 17 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 17 Oct 2026.
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