Bookbuilding IPO | ₹500 Cr | Listing at BSE, NSE |
Pioneer Fil-Med Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on March 29, 2026 to raise funds through Initial Public Offer (IPO).
Pioneer Fil-Med Ltd. IPO is a Book Build Issue of ₹500.00 crores consisting of a fresh issue of shares worth Rs ₹250.00 crores and an offer for sale (OFS) of ₹250.00 crores.
The equity shares are proposed to be listed on NSE and BSE. Nuvama Wealth Management Ltd. is the book running lead manager and MUFG Intime India Pvt.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 Pioneer Fil-Med 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, NSE |
| Total Issue Size | [.] shares (agg. up to ₹500 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹250 Cr) |
| Offer for Sale | [.] shares of ₹10 (agg. up to ₹250 Cr) |
| Share Holding Pre Issue | 2,55,33,600 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sun, Mar 29, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Incorporated in 1997, Pioneer Fil-Med Ltd. is engaged in the manufacturing and supply of railway and metro equipment and allied components for locomotive and coach applications in India.
The company operates across both diesel-electric and electric platforms, with an initial focus on filters for railway and automotive applications, and has since expanded into traction motors, alternators, brake discs, gangways, stators, rotors, and platform screen doors.
The company is an approved supplier to Indian Railways and is among the top Category-I approved suppliers for traction alternators, while also holding Category-I approvals for traction motors, HHP 4500 traction motors, brake discs, and filters. It has also diversified into the renewable energy segment with the supply of wind generators.
Pioneer Fil-Med Ltd. operates three manufacturing facilities, with two located in Bawal, Haryana and one in Manesar, Haryana. As of December 31, 2025, the company had 141 workforce.
The company is developing new products including axle boxes, gangways for EMU and Vande Bharat coaches, gear cases, pistons, IGBT-based propulsion systems, and wheel-mounted discs, while focusing on strengthening long-term relationships with OEMs and expanding its presence in both railway and renewable energy sectors.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 296.15 | 225.49 | 181.19 | 151.88 |
| Total Income | 159.74 | 331.13 | 235.61 | 90.38 |
| Profit After Tax | 25.41 | 40.44 | 26.39 | 11.17 |
| EBITDA | 6.78 | 39.55 | 57.51 | 33.61 |
| NET Worth | 159.52 | 137.28 | 100.29 | 77.36 |
| Total Borrowing | 18.87 | 18.55 | 8.51 | 21.80 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part financing the cost of establishing a gear box manufacturing facility at Salarpur, Bhiwadi, Rajasthan, India (“Gear Box Facility”); | 102.27 |
| 2 | Part financing the cost of establishing a wind generator components manufacturing facility at Salarpur, Bhiwadi, Rajasthan, India (“Wind Generator Components Manufacturing Facility”); | 79.50 |
| 3 | General corporate purposes | |
| Total | 181.77 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 13.34% | 24.51% |
| ROCE | 28.79% | 13.59% |
| Debt/Equity | 0.10 | 0.20 |
| RoNW | 13.94% | 26.79% |
| PAT Margin | 12.39% | 16.28% |
| EBITDA Margin | 21.53% | 17.62% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 15.84 | |
| Promoter Holding | 95% |
Lead Manager Reports
Pioneer Fil-Med IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹500 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Pioneer Fil-Med IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Pioneer Fil-Med IPO using UPI as a payment gateway. Zerodha customers can apply in Pioneer Fil-Med IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pioneer Fil-Med IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pioneer Fil-Med IPO dates are not announced. Please check back again after some time.
Pioneer Fil-Med IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Pioneer Fil-Med 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 Pioneer Fil-Med IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Pioneer Fil-Med IPO allotment status.
The Pioneer Fil-Med IPO listing date is not yet announced. The tentative date of listing is .
