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5h agoIndian RE Firm SAEL Industries Files ₹4,575 cr IPO to Fund Expansion
SAEL Industries, India’s largest agri waste-to-energy producer by capacity, has filed draft documents for a public listing worth approximately ₹45.75 billion (US$520.5 million). The issue will include a fresh issue of shares valued at ~₹37.5 billion and an offer for sale of ~₹8.25 billion by seller Norfund. SAEL’s portfolio spans 5,765.70 MW (5,600.80 MW solar + 164.90 MW agri waste) across ten states and one union territory, and the IPO proceeds will fund its P4 and P5 solar units and debt repayment. The deal is managed by Kotak Mahindra Capital, JM Financial, Ambit Capital and ICICI Securities.
positive
5h agoIndian RE Firm SAEL Industries Files ₹4,575 cr IPO to Fund Expansion
SAEL Industries, India’s largest agri waste-to-energy producer by capacity, has filed draft documents for a public listing worth approximately ₹45.75 billion (US$520.5 million). The issue will include a fresh issue of shares valued at ~₹37.5 billion and an offer for sale of ~₹8.25 billion by seller Norfund. SAEL’s portfolio spans 5,765.70 MW (5,600.80 MW solar + 164.90 MW agri waste) across ten states and one union territory, and the IPO proceeds will fund its P4 and P5 solar units and debt repayment. The deal is managed by Kotak Mahindra Capital, JM Financial, Ambit Capital and ICICI Securities.
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Indian RE Firm SAEL Industries Files ₹4,575 cr IPO to Fund Expansion
about 5 hours ago
1 min read
97 words
SAEL Industries has filed for a ₹4,575 crore IPO to scale its solar and agri-waste-energy business and repay debt.
SAEL Industries, India’s largest agri waste-to-energy producer by capacity, has filed draft documents for a public listing worth approximately ₹45.75 billion (US$520.5 million). The issue will include a fresh issue of shares valued at ~₹37.5 billion and an offer for sale of ~₹8.25 billion by seller Norfund. SAEL’s portfolio spans 5,765.70 MW (5,600.80 MW solar + 164.90 MW agri waste) across ten states and one union territory, and the IPO proceeds will fund its P4 and P5 solar units and debt repayment. The deal is managed by Kotak Mahindra Capital, JM Financial, Ambit Capital and ICICI Securities.
SAEL Industries, India’s largest agri waste-to-energy producer by capacity, has filed draft documents for a public listing worth approximately ₹45.75 billion (US$520.5 million). The issue will include a fresh issue of shares valued at ~₹37.5 billion and an offer for sale of ~₹8.25 billion by seller Norfund. SAEL’s portfolio spans 5,765.70 MW (5,600.80 MW solar + 164.90 MW agri waste) across ten states and one union territory, and the IPO proceeds will fund its P4 and P5 solar units and debt repayment. The deal is managed by Kotak Mahindra Capital, JM Financial, Ambit Capital and ICICI Securities.
Companies:
SAEL Industries
Norfund
Tags:
ipo
india
ipo
india
renewable energy
clean tech
sael industries
Nov 4, 2025 • 10:01 IST