Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
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 |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 43,60,200 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 41,40,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 2,20,200 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,17,00,000 shares |
| Share Holding Post Issue | 1,58,40,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Aug 11, 2025 |
| SEBI/Exchange approval received | Mon, Oct 13, 2025 |
| 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 |
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 | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 92.02% |
| ROCE | 81.05% |
| Debt/Equity | 0.54 |
| RoNW | 63.02% |
| PAT Margin | 9.85% |
| EBITDA Margin | 13.87% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.98% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager fees and commissions (including underwriting commission, brokerage and selling commission) | |
| 2 | Merchant Banking Fees | |
| 3 | Underwriting Fees | |
| 4 | Commission/processing fee for SCSBs, Sponsor Bank and Banker to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Syndicate member, Registered Brokers, RTAs and CDPs (1)(2)(3)(4) | |
| 5 | Fees payable to the Registrar to the Offer | |
| 6 | Fees payable to the Legal advisors, Statutory Auditor and others professional | |
| 7 | Listing fees, Stock Exchange fees, upload fees, NSE processing fees, book building software fees and other regulatory expenses. | |
| 8 | Advertising and marketing expenses | |
| 9 | Printing and stationery expenses | |
| 10 | Miscellaneous |
Lead Manager Reports
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 To be declared. 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 listing is .
