Bookbuilding IPO | ₹150 Cr | Listing at BSE, NSE |
Deon Energy Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with SEBI on January 8, 2026.
Deon Energy Ltd. IPO was a Book Build Issue of ₹150.00 crores consisting solely of fresh issue of shares with no offer for sale component.
The equity shares were proposed to be listed on NSE and BSE. Smart Horizon Capital Advisors Pvt.Ltd. was the book running lead manager and Bigshare Services Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹150 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹150 Cr) |
| Share Holding Pre Issue | 2,40,10,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Sep 25, 2025 |
| Offer document withdrawn | Thu, Jan 8, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Issue |
| Retail Shares Offered | Not more than 10% of the Issue |
| NII Shares Offered | Not more than 15% of the Issue |
Incorporated in 2020, Deon Energy Limited is engaged in delivering end-to-end renewable energy solutions with a focus on engineering, procurement, and construction (EPC) of solar energy projects on a turnkey basis.
The company primarily serves clients in the commercial and industrial sectors, executing independent solar EPC projects across India. Its services also include operations and maintenance (O&M) for solar power plants, covering panel cleaning, battery checks, and inverter maintenance.
Since inception, the company has executed 78 solar power projects with a total installed capacity of 140.29 MWDC and 118.80 MWAC in India. As of August 31, 2025, Deon Energy had an order book of Rs 5,051.55 million in solar EPC projects. Its revenues are entirely derived from the domestic market, primarily from Gujarat, with earlier contributions from Maharashtra.
The company has executed projects for clients such as Omax Cotspin Private Limited, Fiotix Cotspin Private Limited, Megacity Vitrified LLP, Velloza Granito LLP, and Itacon Granito Private Limited. As of August 31, 2025, it employed 137 personnel.
Deon Energy Ltd.'s revenue increased by 337% and profit after tax (PAT) rose by 774% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 62.31 | 34.50 | 9.45 |
| Total Income | 298.80 | 68.43 | 41.84 |
| Profit After Tax | 26.16 | 2.99 | 0.22 |
| EBITDA | 35.41 | 4.81 | 0.57 |
| NET Worth | 25.54 | 3.21 | 1.00 |
| Reserves and Surplus | 25.53 | 2.89 | 0.17 |
| Total Borrowing | 3.95 | 0.72 | 0.35 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the long-term working capital requirements of the Company. | 100.00 |
| 2 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 181.96% |
| ROCE | 118.72% |
| Debt/Equity | 0.15 |
| RoNW | 102.41% |
| PAT Margin | 8.75% |
| EBITDA Margin | 11.85% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.89 | |
| Promoter Holding | 100% |
Lead Manager Reports
Deon Energy IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹150 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Deon Energy IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Deon Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Deon Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Deon Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Deon Energy IPO dates are not announced. Please check back again after some time.
Deon Energy IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Deon Energy IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Deon Energy IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Deon Energy IPO allotment status.
The Deon Energy IPO listing date is not yet announced. The tentative date of listing is .
