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Pouring investments point to a sector commanding high confidence despite jarring notes from the US View More

In a significant move, Trans ACNR Solutions along with eight additional companies have recently filed for IPOs with Sebi, reflecting an ambitious drive to generate capital for various purposes like expansion and debt management. Specifically, Maharashtra Oil Extractions is looking to collect as much as Rs 370 crore through a combination of new issuing shares and an offer for sale. View More

Nine companies, including Trans ACNR Solutions and Maharashtra Oil Extractions have filed preliminary papers with markets regulator Sebi for IPOs, joining a growing list of firms tapping the primary market to raise capital for expansion, debt repayment and other corporate requirements. Trans ACNR Solutions has filed its preliminary papers through the confidential pre-filing route, while the other eight firms -- Maharashtra Oil Extractions, Jagatjit Agri Engineering, Jai Parvati Forge, Koolking Industries India, Sai Infinium, SG Encon, Mount Everest Breweries and Ultravibrant Integrated Energy -- have filed standard public draft documents with Sebi. The filings were made between September 21 and September 26. The proposed initial public offerings (IPOs) are aimed at raising funds for a range of purposes, including business expansion, working capital requirements, repayment of debt and general corporate purposes. Under the confidential pre-filing mechanism, companies can submit draft offer documents to Sebi and stock exchanges without immediately making them available in the public domain. The documents are disclosed at a later stage after regulatory review. Live Events Consequently, details of Trans ACNR Solutions' proposed IPO, including the offer size, structure, financial performance, valuation and timeline for the share sale, are not available at this stage. In a public notice, the company said it has filed the "pre-filed draft red herring prospectus with Sebi and the stock exchanges" in connection with its proposed IPO of equity shares on the main board of the stock exchanges. Among the companies that have made their IPO details public, Maharashtra Oil Extractions has proposed a fresh issue of up to Rs 370 crore and an an offer for sale (OFS) of up to 2.14 crore equity shares by promoters, according to the draft red herring prospectus (DRHP). The company, incorporated in 1995, is engaged in processing, manufacturing, marketing and sale of products across the soybean value chain, including crude and refined edible oil, plant-based protein supplements, soya meal, soya flour and textured soya protein, besides lecithin and other speciality and industrial chemicals. Jagatjit Agri Engineering's proposed share sale comprises a fresh issue of equity shares worth up to Rs 300 crore and an OFS of up to 31 lakh equity shares by promoter Jagatjit Singh, according to its DRHP. Ludhiana-based Jagatjit Agri Engineering, incorporated in 2020, manufactures agricultural implements and provides end-to-end crop solutions. Mohali-based Jai Parvati Forge has proposed an IPO comprising a fresh issue of up to Rs 300 crore and an OFS of up to 90 lakh equity shares by promoter Suman Chauhan. Incorporated in 2004, the company manufactures forged and machined components, including bull gears, transmission gears and shafts and precision-machined parts. Punjab-based Koolking Industries India has proposed a fresh issue of up to Rs 300 crore and an OFS of up to 30.50 lakh equity shares by promoters. Incorporated in 2008, the company manufactures and supplies heating, ventilation and air-conditioning (HVAC) components in India. According to a CARE report cited in the DRHP, it accounted for around 15 per cent of the total addressable market (TAM) as of FY26. SG Encon's IPO involves a fresh issue of up to 71.90 lakh equity shares and an OFS of up to 13.71 lakh equity shares by promoters Rajiv Gandhi and Pankaj Setia. The total offer size comprises up to 85.62 lakh equity shares. Indore-based Mount Everest Breweries has filed its preliminary papers for an IPO comprising a fresh issue of up to 1.15 crore equity shares. Incorporated in 1999, the company is a beer brewing player in Madhya Pradesh and had a market share of nearly 36.3 per cent in terms of volume production in FY26, according to the Technopak report cited in the DRHP. It has a presence across 16 states and three Union Territories. Sai Infinium Ltd, formerly known as Sai Bandhan Infinium Ltd, has filed its draft prospectus for an IPO comprising a fresh issue of equity shares aggregating up to Rs 280 crore and an OFS of up to 1.20 crore equity shares by promoter Ishu Bansal, according to the DRHP. Ultravibrant Integrated Energy Ltd, formerly known as Ultravaibrant Solar Energy Ltd, has filed its draft papers for an IPO comprising a fresh issue of up to 1.20 crore equity shares and an OFS of up to 25 lakh equity shares by promoter Rajeshwar Singh. Moreover, 11 companies, including JSW One Platforms and biscuit maker Anmol Industries, also filed their draft papers with Sebi over the last few days. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

The greenfield project is expected to start solar cell production using advanced TopCon technology by the end of the ongoing fiscal year View More

Deon Energy, an Ahmedabad-based solar EPC firm, is set to launch an IPO to gather capital. This offering will feature a fresh equity share issue coupled with a promoter's sale of shares. The funds raised aim to establish a 30 MW solar power plant in Gujarat while also boosting working capital and covering essential corporate expenses. View More

Solar engineering, procurement and construction (EPC) company Deon Energy has filed draft papers with the market regulator Sebi to raise funds through an initial public offering (IPO). The Ahmedabad-based company's proposed IPO comprises a fresh issue of up to 72 lakh equity shares and an offer for sale (OFS) of up to 20 lakh shares by promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Friday. Deon Energy plans to use Rs 95.80 crore from the fresh issue proceeds to set up a 30 MW DC independent power production plant across six identified sites in Gujarat's Junagadh, Surendranagar and Kachchh districts. It will also allocate Rs 75 crore towards working capital requirements, with the remaining proceeds earmarked for general corporate purposes. The proposed expansion will mark the company's entry into solar power generation , alongside its existing EPC business. Live Events Deon Energy provides turnkey services for ground-mounted and rooftop solar projects, covering engineering, procurement, construction and commissioning. It also offers operations and maintenance services. Since commencing operations as a partnership firm in 2020, the company has executed 126 solar power projects with an aggregate installed capacity of 321.53 MW DC as of August 31, 2026. As of the same date, its outstanding EPC order book stood at Rs 527.43 crore across 34 projects. The company caters to industrial customers across sectors such as ceramics, chemicals, pharmaceuticals, textiles and paper. Its EPC projects include work for Makson Pharmaceuticals India, Omax Cotspin, Anjani Spintex and Sega Granito, among others. Deon Energy's revenue from operations rose to Rs 456.28 crore in FY26 from Rs 298.54 crore in FY25. Profit after tax increased to Rs 46.06 crore from Rs 26.41 crore during the period. The equity shares are proposed to be listed on the BSE and the National Stock Exchange of India . Valmiki Leela Capital is the book-running lead manager to the issue. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

Residents of Goulburn embarked on an inspiring decade-long endeavor to establish a community-driven solar farm alongside a battery system. With the backing of about 300 local investors, they overcame significant obstacles such as regulatory hurdles and supply chain challenges. Ultimately, the solar farm commenced operations, contributing clean energy to the local grid, and stands as an exemplary model for community-led renewable energy initiatives throughout regional Australia. View More

Residents of Goulburn embarked on an inspiring decade-long endeavor to establish a community-driven solar farm alongside a battery system. With the backing of about 300 local investors, they overcame significant obstacles such as regulatory hurdles and supply chain challenges. Ultimately, the solar farm commenced operations, contributing clean energy to the local grid, and stands as an exemplary model for community-led renewable energy initiatives throughout regional Australia. View More

Residents of Goulburn embarked on an inspiring decade-long endeavor to establish a community-driven solar farm alongside a battery system. With the backing of about 300 local investors, they overcame significant obstacles such as regulatory hurdles and supply chain challenges. Ultimately, the solar farm commenced operations, contributing clean energy to the local grid, and stands as an exemplary model for community-led renewable energy initiatives throughout regional Australia. View More

Three of the IPOs — Shree TNB Polymers, Dudani Retail and Sai Urja Indo Ventures — will list on the BSE SME platform, while Himalayan Solar and Bench Mark Infotech Services will list on the NSE SME platform. Among the five, Himalayan Solar has the largest issue size at Rs 68.03 crore, followed by Bench Mark Infotech Services at Rs 42.44 crore. View More

Five SME initial public offerings (IPOs) are set to open for subscription today, September 25, 2026, giving investors a five-day bidding window until September 29. The five issues — Shree TNB Polymers, Dudani Retail, Sai Urja Indo Ventures, Himalayan Solar and Bench Mark Infotech Services — will collectively raise around Rs 177.16 crore. Three of the IPOs — Shree TNB Polymers, Dudani Retail and Sai Urja Indo Ventures — will list on the BSE SME platform, while Himalayan Solar and Bench Mark Infotech Services will list on the NSE SME platform. Among the five, Himalayan Solar has the largest issue size at Rs 68.03 crore, followed by Bench Mark Infotech Services at Rs 42.44 crore. All five IPOs are scheduled to close on September 29, with the basis of allotment expected to be finalised on September 30. The shares are tentatively scheduled to list on October 5, 2026. Read more: NSE IPO Tracker: Catch all the highlights here Shree TNB Polymers IPO The Shree TNB Polymers IPO is a book-built issue worth Rs 31.20 crore. The issue comprises an entirely fresh issue of 60 lakh shares. Live Events The IPO will remain open from September 25 to September 29, with allotment expected on September 30. The shares are proposed to be listed on the BSE SME platform on October 5. The price band has been fixed at Rs 47 to Rs 52 per share, with a lot size of 2,000 shares. Retail investors need to bid for a minimum of 4,000 shares, requiring an investment of Rs 2.08 lakh at the upper price band. The minimum HNI application is for three lots, or 6,000 shares, amounting to Rs 3.12 lakh. Corporate Makers Capital Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue. Read more: Runwal Enterprises IPO opens today: Check GMP and key details. Should you subscribe? Dudani Retail IPO The Dudani Retail IPO is a fixed-price issue worth Rs 10.54 crore. The issue is entirely a fresh issue of 36.36 lakh shares. Subscription will open on September 25 and close on September 29. The basis of allotment is expected on September 30, while the company is scheduled to list on the BSE SME platform on October 5. The IPO has a fixed issue price of Rs 29 per share and a lot size of 4,000 shares. Retail investors are required to apply for at least two lots, or 8,000 shares, translating into a minimum investment of Rs 2.32 lakh. HNI investors need to apply for a minimum of three lots, or 12,000 shares, involving Rs 3.48 lakh. Finshore Management Services Ltd. is the book-running lead manager and Maashitla Securities Pvt. Ltd. is the registrar. Read more:Orient Cables IPO opens today: GMP signals 19% listing gain; check key details Sai Urja Indo Ventures IPO The Sai Urja Indo Ventures IPO is a book-built issue of Rs 24.95 crore. It comprises a fresh issue of 18.29 lakh shares worth Rs 20.67 crore and an offer for sale (OFS) of 3.79 lakh shares worth Rs 4.28 crore. The IPO will open on September 25 and close on September 29. Allotment is expected to be finalised on September 30, followed by a tentative BSE SME listing on October 5. The price band has been set at Rs 107 to Rs 113 per share, with a lot size of 1,200 shares. Retail investors need to bid for a minimum of 2,400 shares, requiring Rs 2.71 lakh at the upper price band. The minimum HNI application is for three lots, or 3,600 shares, amounting to Rs 4.07 lakh. Shannon Advisors Pvt. Ltd. is the book-running lead manager, while Maashitla Securities Pvt. Ltd. is the registrar. Himalayan Solar IPO The Himalayan Solar IPO is the largest among the five SME issues opening today, with a total issue size of Rs 68.03 crore. The book-built issue comprises a fresh issue of 58.91 lakh shares aggregating to Rs 60.68 crore and an OFS of 7.14 lakh shares worth Rs 7.35 crore. The IPO will be open from September 25 to September 29 and is scheduled to list on the NSE SME platform on October 5, subject to the tentative IPO timeline. The price band has been fixed at Rs 98 to Rs 103 per share, while the lot size is 1,200 shares. Retail investors need to apply for a minimum of 2,400 shares, requiring an investment of Rs 2.47 lakh at the upper price band. The minimum HNI application is for three lots, or 3,600 shares, amounting to Rs 3.71 lakh. Finshore Management Services Ltd. is the book-running lead manager and Maashitla Securities Pvt. Ltd. is the registrar to the issue. Bench Mark Infotech Services IPO The Bench Mark Infotech Services IPO is a book-built issue of Rs 42.44 crore, making it the second-largest among the five SME IPOs opening today. The issue comprises a fresh issue of 34 lakh shares aggregating to Rs 37.40 crore and an OFS of 4.58 lakh shares worth Rs 5.04 crore. The IPO will open on September 25 and close on September 29, with allotment expected on September 30. The shares are scheduled to list on the NSE SME platform on October 5. The price band has been fixed at Rs 104 to Rs 110 per share, with a lot size of 1,200 shares. Retail investors need to bid for at least 2,400 shares, translating into a minimum investment of Rs 2.64 lakh at the upper price band. The minimum HNI application is for three lots, or 3,600 shares, requiring Rs 3.96 lakh. GYR Capital Advisors Pvt. Ltd. is the book-running lead manager, while Kfin Technologies Ltd. is the registrar to the issue. Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! 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Inox Clean Energy is set to launch a ?10,000 crore IPO by filing a draft red herring prospectus, potentially marking the largest IPO in the Indian private renewable energy sector to date. This deal will consist of new shares issued as well as a sale of existing shares. The company had earlier withdrawn a DRHP but has since seen significant growth in its renewable energy and solar manufacturing operations. View More

New Delhi: Inox Clean Energy is likely to file a draft red herring prospectus for a ₹10,000 crore initial public offering of shares with the market regulator before the weekend, in what could be the largest IPO from a private Indian renewable energy company to date, people familiar with the matter said. The planned offering will comprise an issue of fresh shares by the INOXGFL Group company and an offer for sale from some of its existing shareholders, the people said. The INOXGFL Group did not respond to ET's queries. Government-backed NTPC Green Energy made a similar-sized IPO in November 2024. Read more: Sebi clears PRIM route for PMS players to invest in mutual funds, SIFs; Rs 25 lakh minimum ticket Inox Clean Energy in last December made a confidential DRHP filing with the Securities and Exchange Board of India, but withdrew it later. The latest plan comes after it raised funds privately from a diverse group of investors that included prominent global and local institutions, and expanded capacity through acquisitions in India and overseas. The company operates two related businesses: renewable energy generation and manufacturing of solar photovoltaic modules and cells. Read more: Snapdeal parent AceVector raises Rs 189 crore from anchors; Negen, Singularity among top investors Live Events It expanded its power generation and manufacturing businesses rapidly over the past year and a half, both organically and through an aggressive M&A strategy. Inox Neo Energies, the company's independent power generation vertical, operates renewable power plants with a total capacity of 5 gigawatts. An additional 11 gigawatts of projects are under development. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

Tier II cities such as Coimbatore, Sri Potti Sriramulu Nellore (Nellore), Visakhapatnam, Kolhapur and Nashik are also catching up View More