SAEL Industries Limited has taken a significant step toward going public by filing its Draft Red Herring Prospectus with SEBI for an IPO amounting to ₹4,575 crore. The Company is a major player in India’s renewable energy space, listed among the top five vertically integrated IPPs with in-house solar module production.
The IPO structure includes a Fresh Issue of ₹3,750 crore and an Offer for Sale worth ₹825 crore. The shares, carrying a face value of ₹5 each, are proposed for listing on both BSE and NSE.
Known for being a pioneer in the AgWTE segment and holding the largest operational capacity in India as of June 30, 2025, SAEL Industries has built an extensive ecosystem across the renewable value chain. It designs, develops, and operates solar and AgWTE projects that supply electricity to government agencies and private customers.
Project execution, from bidding to commercial operations, is handled internally by SAEL’s experienced development team. ICICI Securities, Kotak Mahindra Capital, JM Financial, and Ambit Private Limited have been appointed as BRLMs.
The Company has issued standard disclaimers regarding regulatory approvals, market risks, and international offering restrictions, advising potential investors to evaluate risks outlined in the DRHP.
