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TBA · NSE,BSE · Renewable Energy
Sael Industries IPO is scheduled to open soon . The Mainboard IPO has a price band of TBA , with a minimum lot size of TBA . .
Sael Industries IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | TBA |
| IPO Close Date | TBA |
| Basis of Allotment | TBA |
| Initiation of Refunds | TBA |
| Credit of Shares to Demat | TBA |
| Listing Date | TBA |
Issue Size
₹4,575.00 Cr
Issue Price
[.]
Face Value
₹5/share
Market Lot
[.]
Retail Min Investment
[.]
Listing At
NSE,BSE
Sale Type
both
Fresh Issue
₹3,750 Cr
Offer for Sale
₹825 Cr
Issue Type
book building
Open Date
TBA
Close Date
TBA
Allotment
TBA
Listing
TBA
No snapshot available yet.
Jasbir Singh, Sukhbir Singh, and Laxit Awla are the promoters.
SAEL Industries is an Indian energy company that's been quietly building one of the country's larger renewable portfolios. Started in 1999 under the Awla family as Sukhbir Agro Energy, it's since rebranded and restructured, with SAEL Industries Limited incorporated in 2022 as the group's main entity.
The business runs across three areas: solar power, waste-to-energy (specifically burning agricultural waste like crop stubble), and solar module manufacturing. It claims to be India's largest agri-waste-to-energy producer and has projects spread across Gujarat, Rajasthan, Punjab, UP, and several other states.
Numbers-wise, the portfolio sits at about 5.8 GW as of early 2025, though most of that is still under construction. The company has raised around $2.66 billion from backers including the Asian Development Bank, Tata Capital, and the US International Development Finance Corporation.
One deal worth noting: in early 2024, ADB co-financed a 400 MW solar plant in Gujarat's Khavda Solar Park — expected to avoid roughly 780,000 tonnes of CO₂ emissions a year. The company is currently in IPO registration, so a public listing looks likely in the near future.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 398.12 | 587.01 | 730.52 |
| Profit After Tax (PAT) | -71.07 | -267.14 | -280.95 |
| EBITDA | 130.22 | 97.08 | 141.92 |
| Total Assets | 2,471.17 | 3,852.62 | 10,917.27 |
| Net Worth | 134.05 | -131.52 | -281.03 |
| Reserves & Surplus | 83.12 | -182.45 | -335.18 |
| Total Borrowing | 1,655.75 | 2,214.87 | 8,162.03 |
Revenue & Profit Trend
The allotment date for Sael Industries IPO will be announced after the subscription closes. You can check your allotment status using your PAN number or application number on the KFin Technologies Limited portal or BSE.
The Sael Industries IPO dates are coming soon. The subscription dates will be announced officially by the company and updated here once finalized.
The price band for Sael Industries IPO is yet to be announced.
As per market sources, Sael Industries IPO GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Sael Industries IPO is being updated. Check the latest subscription figures by category (Retail, QIB, NII) for real-time updates.
The listing date for Sael Industries IPO is yet to be announced and will be updated once finalized.
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