SAEL Industries Limited has filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India for an IPO aggregating ₹45,750 million (₹4,575 crore). The offer includes a Fresh Issue of ₹37,500 million and an Offer for Sale of ₹8,250 million.
The Company ranks among India’s top five renewable IPPs that operate with vertical integration and internal solar module manufacturing, according to CRISIL. It is also the largest agricultural waste-to-energy (AgWTE) operator in the country.
The equity shares, with a face value of ₹5, are planned for listing on NSE and BSE. ICICI Securities, Kotak Mahindra Capital, JM Financial and Ambit Private Limited are the appointed BRLMs.
SAEL Industries operates across the renewable energy chain, managing utility-scale solar and AgWTE plants. Its model allows complete in-house project execution—ranging from bidding and construction to long-term operations and maintenance.
The Company noted that the IPO is subject to regulatory approvals and market conditions. Investors have been advised to review the DRHP and, in due course, the Red Herring Prospectus for detailed risks before considering investment.
