Article
Unlisted SharesGH2 Solar, Apollo Green Energy & Polymatech Unlisted Share Price, Financials
Three of India's most-watched pre-IPO names — GH2 Solar, Apollo Green Energy, and Polymatech Electronics, span green hydrogen, renewable EPC, and semiconductors. This guide breaks down their latest unlisted shares price (₹224–245, ₹68–80, and ₹44–53 respectively), financial perfo...

Some pre-IPO names have become the most sought-after unlisted shares in India, thanks to the country’s focus on clean energy and chips. GH2 Solar, Apollo Green Energy and Polymatech Electronics are all at very different stages of their growth journeys, but all are attracting attention from investors wanting to get in early, ahead of a potential listing.
This guide contains the latest unlisted share price of each company, their financial numbers, IPO status and how to actually buy them from a verified unlisted share dealer. Joint FAQ section follows.
GH2 Solar Limited Unlisted Share Price, Financial Information
GH2 Solar Limited (GSL) is a Noida based renewable energy company involved in solar EPC, open access power supply, green hydrogen production and electrolyzer manufacturing. Founded in 2013, it is one of the bigger names among companies profiling themselves as unlisted share company in Noida along with a number of dealer platforms operating out of the same NCR hub.
GH2 Solar stock price today Metrics Value
GH2 Solar Share Price Today
Metric | Value |
|---|---|
Unlisted stock price (indicative, Aug 2026) | ₹224 – ₹245 per share |
52-week high | ₹289.71 |
52-week low | ₹201.33 |
Face value | ₹10 per share |
Minimum lot size | 500 shares |
ISIN | INE1FAE01019 |
Depositories | NSDL & CDSL |
GH2 Solar Financial Snapshot
Metric (₹ crore, standalone) | 2022 | 2025 |
|---|---|---|
Revenue | ~17.3 | ~212.1 |
EBITDA | ~0.95 | ~28.4 |
PAT | ~0.59 | ~20.1 |
Operating margin | 5.49% | 13.38% |
EPS (₹) | — | 46.78 |
GH2. Solar’s revenues have surged with its solar EPC and green hydrogen contracts including a 105 MW tender for electrolyzer manufacturing under SECI’s SIGHT program and a joint venture with South Korea’s AHES for a facility in Gwalior. That is the kind of scaling that is exactly why it keeps showing up in the latest newswires on the renewable energy in unlisted shares.
Apollo Green Energy Limited – Share Price and Financial Information
Apollo Green Energy Limited (AGEL) is an EPC company based in Gurugram, which executes utility-scale and distributed solar, wind and battery energy storage (BESS) projects. The company, previously known as Apollo International Limited, has NHPC, NTPC and Adani Green among its customers.
Apollo Green Energy Share Price Today
Metric | Value |
|---|---|
Unlisted shares price (indicative, late Aug 2026) | ₹68 – ₹80 per share |
52-week high | ₹188 – ₹210 |
52-week low | ₹50 – ₹56 |
Face value | ₹10 per share |
Market cap | ~₹276 – 292 crore |
P/E ratio | ~8.4 – 8.6x |
Book value | ~₹164 – 166 |
Lot size | 500 – 1,000 shares (varies by dealer) |
ISIN | INE838A01015 |
Apollo Green Energy Financial Snapshot
Metric | Value |
|---|---|
Revenue CAGR | ~36% |
EPC order book | ~₹1,800 crore (2.5–3 years of revenue visibility) |
Debt-to-equity | ~0.74x |
ROE | ~5.11% |
EPS | ~₹8.29 |
EPS growth FY25 | ↓ ~75% YoY |
Polymatech Electronics Limited - Unlisted Share Price & Financials
Polymatech Electronics is India’s first opto-semiconductor chip manufacturing company headquartered at SIPCOT Hi-Tech SEZ, Oragadam, Tamil Nadu, in Chennai. It has opened a Singapore subsidiary and is looking for a PCB plant in Estonia.
Polymatech Share Price Today
Metric | Value |
|---|---|
Unlisted stock price (indicative, late Aug 2026) | ₹44 – ₹53 per share |
52-week high | ₹87 – ₹109 |
52-week low | ₹48 – ₹54 |
Face value | ₹2 per share |
Market cap | ~₹1,913 – 2,152 crore |
P/E ratio | ~5.7x |
ROE | ~29.5% |
Lot size | 500 – 1,000 shares (varies by dealer) |
ISIN | INE0OLN01029 |
Polymatech IPO & Business Update
2023: Filed a DRHP with SEBI for a ₹750 crore fresh-issue IPO (no OFS component); later postponed.
January 2026: Management confirmed plans for a fresh DRHP filing in 2026, targeting a much larger ~₹10,000 crore IPO, alongside a $250 million pre-IPO funding round with reported inbound interest of up to $1 billion from investors in the US, Estonia, Singapore, and India.
June 2026: Opened an advanced electronics manufacturing facility in Singapore (Mapletree Hi-Tech Park) via its subsidiary AEIM Pte Ltd, backed by ~$25 million of committed investment.
Valuation ambition: Management has cited a one-year forward target valuation of nearly ₹1 lakh crore.
Compare side by side
Company | Sector | Price (indicative) | 52W Range | Market Cap |
|---|---|---|---|---|
GH2 Solar | Green Hydrogen & Solar | ₹224 – 245 | ₹201 – 290 | Not widely disclosed |
Apollo Green Energy | Renewable EPC / Utilities | ₹68 – 80 | ₹50 – 210 | ~₹276–292 Cr |
Polymatech Electronics | Semiconductors | ₹44 – 53 | ₹48 – 109 | ~₹1,913–2,152 Cr |
How to Buy These Shares Off the Exchange
1. Select a registered unlisted shares dealer. There are many unlisted shares dealers operating out of hubs like unlisted share company in Noida and platforms based in Mumbai, Chennai and Delhi NCR.
2. KYC completion - PAN card, demat client master report (CMR) & canceled cheque.
3. Live quote: There is no central order book, so the price of the same unlisted stock can differ by ₹2-10 between dealers on any given day.
4. Make Payment through UPI, NEFT or Bank Transfer as mutually agreed.
5. The shares are credited to your demat account within 24 hours to T+2 working days depending upon the dealer and paperwork.
6. Keep track of corporate actions – Your demat holding will also get dividends, bonus issues or rights issues (if declared) just like listed shares do.
Overall Risks of All 3 Stocks
• Illiquidity -None of these are traded on an exchange. To get out of a position you need to find a buyer through your dealer network.
• Big price variance -Same unlisted share can have big variance in price on same day on different platforms – always check 2-3 quotes.
• IPO lock-in - Most of the unlisted shares have a 6 months lock-in period from the date of listing (or acquisition in certain fund categories) after the company finally goes public.
• No specific listing date -Apollo Green and Polymatech have spoken about going public, but SEBI has yet to confirm a listing date. GH2 Solar has not announced a formal IPO timeline as of this update.
• Stock specific volatility -Apollo Green and Polymatech corrected 40-60% from their 52 week highs, more reflective of company specific and execution risk than broad market moves.
FAQs
Q1. Can I buy GH2 Solar, Apollo Green Energy, Polymatech unlisted shares in India? Yeah. All the three are real demat held equity shares in nature of transfer through NSDL / CDSL. Trades are not on an exchange with a central regulator matching buyers and sellers in real time. They are off-market, private transactions assembled by an unlisted shares dealer.
Q2. Which of the three has the highest unlisted shares price as at today? As of late August 2026, GH2 Solar is trading most expensively at ₹224-245 per share, followed by Apollo Green Energy at ₹68-80 and Polymatech at ₹44-53. Prices alone don’t tell you whether you’re getting better value – always look at market cap, financials and lot size together.
Q3. Which of these 3 have a confirmed IPO share price today or listing date? No. SEBI has not declared any price band or listing date for any of the three. Polymatech has announced a new DRHP filing in 2026 for an offer of ~₹10,000 crore, while Apollo Green has talked about private fundraising before a possible future listing, but neither has yet reached the formal IPO stage. GH2 Solar has not announced any current plans for an IPO.
Q4. Why do unlisted shares of the same company trade at different prices on different platforms? No central order book, no stock exchange without listing. Each dealer prices unlisted shares according to their own inventory, recent deal flow and demand – which is why it pays to compare quotes on 2-3 platforms before you buy.
Q5. How much should I invest in these 3 stocks? Depends on the dealer and how big the lot is. Typical minimums are of the order of ₹1 lakh for GH2 Solar (lot size ~408-500 shares), ₹35,000-70,000 for Apollo Green Energy (lot size 500-1,000 shares) and around ₹10,000-50,000 for Polymatech depending on the platform’s minimum ticket size.
Q6. GH2 Solar is situated in Noida? Yes, The Noida-based GH2 Solar Limited is often quoted as an unlisted share company in Noida into green Hydrogen and Solar EPC.
Q7. Are these unlisted holdings paying dividends? If these companies want to declare dividends, they credit the dividends directly to the demat accounts of their registered shareholders like the listed companies. Not all capital intensive or early stage companies pay regular dividends, so check the dividend history of each company before assuming it will pay out.
Q8. How long does it take to deliver after purchase? GH2 Dealer delivery timelines vary Solar transfers usually take T+1 to T+2 working days while other platforms across all three stocks take anywhere from 24 hours to few business days once KYC and payment is done.
Q9. I need cash right now. Can i sell these shares today? Not reliably. These are illiquid markets driven by dealers so getting out quickly can mean accepting a lower price if there is no buyer around right away -- this is the fundamental tradeoff of investing in any unlisted stock.
Q10. Where can I get latest news on these companies which have unlisted shares? Most unlisted share dealer platforms will have periodic research notes, news updates and live price pages. Coverage and update frequency will vary, so it’s worth checking a few platforms, and cross-checking against company press releases or credit rating agency updates for anything IPO-related.