📅 IPO Timeline
- IPO Open Date: 24 March 2026
- IPO Close Date: 27 March 2026
- Listing Date: 2 April 2026
💰 Price & Investment Details
- Price Band: ₹375 – ₹395 per share
- Lot Size: 37 shares
- Minimum Investment: ₹14,615 (approx.)
- Face Value: ₹5 per share
📊 Issue Size & Structure
- Total Issue Size: ~₹1,100 – ₹1,400 crore
- Fresh Issue: ~₹700 crore (for debt repayment)
- Offer for Sale (OFS): ~₹400 crore
🏭 About the Company
- Business: Power solutions & generator sets manufacturer
- Expanding into renewable energy (wind projects)
- Strong presence in DG sets (diesel generators) market
✅ Strengths
- Established player in power backup solutions
- Diversification into renewable energy
- Strong execution & industry partnerships
⚠️ Risks
- Heavy dependence on Cummins India (supplier) (~2/3 revenue)
- Declining return ratios (ROE concerns)
- High reliance on generator business segment
📈 IPO Review (Market View)
- 👍 Positive: Growth + renewable expansion
- ⚠️ Negative: Supplier dependency + financial concerns
- 📊 Expert view: Wait & watch for long-term clarity
🧠 Quick Summary (For Your Website)
👉 IPO size ~₹1,100–1,400 Cr
👉 Price band ₹375–395
👉 Opens 24 Mar | Closes 27 Mar
👉 Listing 2 April
👉 Mixed outlook – growth + risk factors
