MUMBAI: SAEL Industries Limited (“The Company”) is amongst the top five renewable energy independent power producers (“IPPs”) in India, which are vertically integrated and equipped with in-house solar module manufacturing, based on operational capacity as of June 30, 2025 (Source: CRISIL Report).
The company has filed its Draft Red Herring Prospectus (“DRHP”) with the market regulator, Securities and Exchange Board of India (“SEBI”), to raise funds through the offer of equity shares (face value ₹ 5 each) through initial public offerings aggregating up to ₹45,750.00 million [₹4,575 Crore]. (“Total Offer Size”)
The total offer size comprises fresh issue of equity shares aggregating up to ₹37,500.00 million [₹3,750 crore] (The “Fresh Issue”) and offer for sale by Selling Shareholders aggregating up to ₹8,250.00 million [₹825 Crore] (“Offer for Sale”).
The Equity Shares that will be offered through the Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”). (“Listing Details”)
ICICI Securities Limited, Kotak Mahindra Capital Company Limited, JM Financial Limited, and Ambit Private Limited are the Book Running Lead Managers to the issue. (“BRLMs”)
According to the CRISIL Report, SAEL Industries Limited is among the top 5 renewable energy IPPs in India, which are vertically integrated and equipped with in-house solar module manufacturing, based on operational capacity as of June 30, 2025. According to the CRISIL Report, we are a pioneer in the Indian AgWTE industry and the largest AgWTE operator in India based on operational capacity as of June 30, 2025. We have an extensive presence across the value chain, allowing us to leverage our in-house strengths to drive innovation and efficiency. We develop, build, own, and operate utility-scale solar and AgWTE energy projects that generate energy for central government entities, state DISCOMs, and private entities. We have an integrated in-house approach to executing our renewable projects across the entire life cycle of developing a project, from bidding to the project achieving commercial operations and subsequently operating and maintaining the project. Our project development team has extensive experience in the renewable energy industry to complete projects in a timely and efficient manner.
Disclaimer:
SAEL Industries Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions, and other considerations, to make an initial public offering of its Equity Shares and has filed the DRHP with SEBI and the Stock Exchanges. The DRHP is available on the website of the Company at www.sael.co, SEBI at www.sebi.gov.in, as well as on the websites of the BRLMs, i.e., ICICI Securities Limited, Kotak Mahindra Capital Company Limited, JM Financial Limited, and Ambit Private Limited at www.icicisecurities.com, https://investmentbank.kotak.com, www.jmfl.com, and www.ambit.co, respectively, and the websites of National Stock Exchange of India Limited and BSE Limited at www.nseindia.com and www.bseindia.com, respectively. Potential investors should note that investment in equity shares involves a high degree of ris,k and for details relating to such risks, please see the section entitled “Risk Factors” on page 34 of the DRHP and the details set out in the RHP, when filed. Potential investors should not rely on the DRHP for making any investment decision and should instead rely on the RHP, when filed, for making an investment decision.
This announcement does not constitute an invitation or offer of securities for sale in any jurisdiction. This announcement has been prepared for publication in India only and is not for publication or distribution, directly or indirectly, in or into the United States. The Equity Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws in the United States, and unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and any applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold (i) in the United States only to “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act) in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act and (ii) outside the United States in “offshore transactions” as defined in, and in reliance on Regulation S under the U.S. Securities Act and in accordance with the applicable laws of the jurisdictions where such offers and sales occur. There will be no public offering of the Equity Shares in the United States.