Goldi Solar Unlisted Shares
Goldi Solar is a Surat-based solar module maker founded in 2011. It says it has 14 GW of module capacity, ships to more than 20 countries and also runs an EPC and rooftop business.
Read the full company profileGoldi Solar share details
- Lot size
- 1,000 shares
- Min. investment
- ₹328,000
- Face value
- ₹2
- Implied market cap
- ₹11,567 Cr
- Shares outstanding
- 352,640,180
- Founded
- 2011
- Headquarters
- Surat, Gujarat
- Website
- goldisolar.com
- ISIN
- INE19IG01027
- CIN
- U40100MH2011PLC350073
- Lock-in after IPO
- 6 months
Goldi Solar share price chart
Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.
Goldi Solar IPO status: DRHP filed with SEBI
Goldi Solar has filed its draft offer document with SEBI. SEBI reviews it before the company can launch an IPO.
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1 Oct 2026Offer document filed with SEBI
Source: SEBI's weekly processing-status report (22 Oct 2026) lists Goldi Solar Limited.
About Goldi Solar
Strengths
- Scale in modules: the company's profile shows module capacity growing to 14 GW from 3 GW at the end of FY23-24, spread over plants at Pipodara, Navsari and Kosamba in Gujarat.
- Export reach: Goldi says it ships to more than 20 countries, which spreads its sales beyond the Indian market.
- Quality recognition: it received Bankable Tier 1 status from Bloomberg New Energy Finance in 2020 and was named a Top Performer by Kiwa PVEL in 2024.
- Newer technology: the Kosamba line has 4.6 GW of capacity making TOPCon modules, and the company lists TOPCon bifacial modules of up to 595WP.
- Wider business mix: besides modules it sells inverters and runs an EPC business with 8000+ customers, so it is not only a module seller.
- Planned backward integration: it plans 4 GW of cell manufacturing by FY27, which would reduce dependence on bought-in cells.
Risks
- No financials were read: the annual reports on file could not be read as text, so revenue, profit and debt for this company are not shown on this page.
- The capacity numbers, including 14 GW and 4 GW of cells, come from the company's own profile and include plans, not only plants already running.
- Cell manufacturing of 4 GW by FY27 is still a plan, and building it needs large capital spending and technical skill.
- Solar module makers face fast price changes and heavy competition, which can squeeze margins when module prices fall.
- The business depends on policy support such as domestic content rules (DCR), so a change in government policy can affect demand.
- The IPO is only at the confidential DRHP stage, so there is no public offer document yet with full risk factors, and the listing may not happen on any set date.
- Unlisted share prices are indicative, trade off-market with low liquidity and may differ a lot from the price at which the IPO happens.
- Founder and family hold a central role in the company, so decisions may depend heavily on a small group of people.
Management team
Events & announcements
SEBI's weekly processing-status report lists Goldi Solar Limited (Pre-filing) as received on 1 Oct 2026.
Buy or sell Goldi Solar unlisted shares
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Indicative off-market price, not an exchange quote. Read the disclaimer.
Goldi Solar unlisted shares: common questions
Important disclaimer
Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.
