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Prozeal Green Energy has received approval from India's Securities and Exchange Board (SEBI) for its ₹700 crore initial public offering, which includes a ₹350 crore fresh issue and a ₹350 crore offer for sale. The funds raised will be allocated to working capital, subsidiary investments, debt repayment, and general corporate expenses, facilitating Prozeal's expansion into storage solutions, green hydrogen, and ammonia. With this endorsement, Prozeal is poised to strengthen its balance sheet and enhance its competitiveness in India's burgeoning utility solar sector.