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Natrinai Ventures Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on August 11, 2025 to raise funds through Initial Public Offer (IPO).
Natrinai Ventures Ltd. IPO is a Book Build Issue of 0.44 crore equity shares consisting of a fresh issue of upto 0.41 crore equity shares and an offer for sale (OFS) of upto 0.02 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Kreo Capital Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Natrinai Ventures IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 43,60,200 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 41,40,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 2,20,200 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,17,00,000 shares |
| Share Holding Post Issue | 1,58,40,000 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Aug 11, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Natrinai Ventures is an Engineering, Procurement, Construction of Solar Power Plants & Grid Connectivity Pooling Substations, Operation and Maintenance of Solar Power Plants & Pooling Substations, Generation & Supply of Electrical Energy from Solar Power Plants.
The company specializes in developing solar power parks by acquiring suitable land and building essential evacuation facilities. It offers comprehensive services from concept to commissioning and ongoing support i.e, solar resource mapping, site identification, technical planning of solar energy projects, Solar substation solutions (25 MW, 50MW and 100 MW - 110/33KV pooling sub station), Solar Photovoltaic (PV) power plant establishment under Engineering, Procurement, and Construction (EPC) along with grid integration and after-sales Operations and Maintenance (O&M services).
Key business verticals:
Key Strengths
Natrinai Ventures Ltd.'s revenue increased by 42% and profit after tax (PAT) rose by 151% 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 | 69.83 | 72.48 | 21.43 |
| Total Income | 157.98 | 111.50 | 64.79 |
| Profit After Tax | 15.55 | 6.20 | 1.42 |
| EBITDA | 21.89 | 8.31 | 2.02 |
| Net Worth | 24.68 | 9.13 | 2.17 |
| Reserves and Surplus | 12.98 | 8.68 | 1.83 |
| Total Borrowing | 13.29 | 9.40 | 2.74 |
| Amount in ₹ Crore | |||
| KPI | Values |
|---|---|
| ROE | 92.02% |
| ROCE | 81.05% |
| Debt/Equity | 0.54 |
| RoNW | 63.02% |
| PAT Margin | 9.85% |
| EBITDA Margin | 13.87% |
The Company Natrinai Ventures IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To finance setting up a 7 MW Grid connected Solar PV Power Project on “Build Own Operate” (B-O-O) basis at village Poomalaikundu and village Veppampatti, Theni District, Tamil Nadu, India. | 32.48 |
| 2 | Funding incremental working capital requirements of our Company | 68.00 |
| 3 | General Corporate Purposes |
Natrinai Ventures Ltd.
No.114, E4, 4th Floor,
Sreemathi Mariammal Towers
Race Course
Coimbatore, Tamil Nadu, 641018
Phone: +91 89258 99652
Email: cs@ngegreenenergy.com
Website: http://www.ngegreenenergy.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Natrinai Ventures IPO is a SME IPO of 43,60,200 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Natrinai Ventures IPO open and close dates are not available as of now.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Natrinai Ventures IPO using UPI as a payment gateway. Zerodha customers can apply in Natrinai Ventures IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Natrinai Ventures IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Natrinai Ventures IPO dates are not announced. Please check back again after some time.
Natrinai Ventures IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Natrinai Ventures 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 Natrinai Ventures IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Natrinai Ventures IPO allotment status.
The Natrinai Ventures IPO listing date is not yet announced. The tentative date of Natrinai Ventures IPO listing is [.].
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