SAEL Industries Limited has filed its DRHP with SEBI seeking approval to raise ₹4,575 crore through an upcoming IPO. The Company plans a Fresh Issue of ₹3,750 crore and an Offer for Sale valued at ₹825 crore.
As per the CRISIL Report, SAEL is one of the top five vertically integrated renewable energy IPPs with in-house solar module manufacturing and is the largest AgWTE operator in India based on operational capacity as of June 30, 2025.
The proposed equity shares (face value ₹5) are slated to list on BSE and NSE, with the issue managed by ICICI Securities, Kotak Mahindra Capital, JM Financial, and Ambit Private Limited.
SAEL develops, builds, owns and manages large-scale solar and AgWTE plants, providing energy to central agencies, state DISCOMs and private clients. Its end-to-end in-house execution capability spans the entire lifecycle of renewable projects.
The Company emphasised that the IPO is subject to regulatory reviews and should be evaluated after studying the risk disclosures in the DRHP and the RHP when filed.
