SAEL Industries Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹4,575 crore through an Initial Public Offering. According to the CRISIL Report, the Company is counted among the top five renewable energy independent power producers (IPPs) in India with vertically integrated operations and in-house solar module manufacturing, based on operational capacity as of June 30, 2025.
The IPO comprises a Fresh Issue of ₹3,750 crore and an Offer for Sale (OFS) of ₹825 crore by selling shareholders. The equity shares of face value ₹5 are proposed to be listed on BSE and NSE.
The issue is being managed by ICICI Securities, Kotak Mahindra Capital, JM Financial, and Ambit Private Limited as the Book Running Lead Managers (BRLMs).
SAEL Industries is also recognised as a pioneer and India’s largest AgWTE (Agricultural Waste-to-Energy) operator, with a diversified presence across the renewable value chain. The Company develops, builds, owns, and operates utility-scale solar and AgWTE plants that supply power to central government entities, state DISCOMs, and private consumers.
The DRHP, filed with SEBI and stock exchanges, includes detailed risk factors. Potential investors have been advised to refer to the Red Herring Prospectus (RHP), once filed, before making investment decisions.
