SAEL Industries Targets ₹4,575-Crore Fundraise Through SEBI-Filed DRHP

SAEL Industries Limited has initiated the process for its upcoming IPO by submitting its Draft Red Herring Prospectus (DRHP) to SEBI. The Company aims to mobilize up to ₹4,575 crore, comprising a Fresh Issue of ₹3,750 crore and an Offer for Sale of ₹825 crore.

CRISIL Report identifies SAEL as one of India’s top five vertically integrated renewable IPPs, equipped with its own solar module manufacturing unit. The Company is also the largest operator in India’s Agricultural Waste-to-Energy (AgWTE) sector, measured by operational capacity as of June 30, 2025.

The proposed equity shares (face value ₹5) will be listed on NSE and BSE. ICICI Securities, Kotak Mahindra Capital, JM Financial and Ambit Private Limited will serve as BRLMs.

SAEL’s business model spans the entire lifecycle of renewable energy projects—from bidding and development to operations and maintenance. It supplies energy to central agencies, state distribution companies, and private players.

The Company has cautioned that the IPO remains subject to regulatory clearances and market conditions. The DRHP can be accessed on SEBI, stock exchange, and BRLM websites.