Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Polite Powertech Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on March 18, 2026 to raise funds through Initial Public Offer (IPO).
Polite Powertech Ltd. IPO is a Book Build Issue of 1.25 crore equity shares consisting of a fresh issue of upto 1.00 crore equity shares and an offer for sale (OFS) of upto 0.25 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Arihant Capital Markets Ltd. is the book running lead manager and Kfin Technologies 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 Polite Powertech 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 | 1,25,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 1,00,00,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 25,00,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 3,40,29,512 shares |
| Share Holding Post Issue | 4,40,29,512 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Mar 18, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Polite Powertech Limited is engaged in providing EPC services for power infrastructure, including design, supply, installation, testing, and commissioning of transmission, distribution, and renewable energy projects across India.
The company's core expertise lies in the execution of high-voltage (“HV”) and extra-high-voltage (“EHV”) transmission lines, underground and overhead cabling networks, Solar EPC projects, Air-Insulated Substations (“AIS”) and Gas-Insulated Substations (“GIS”).
The company have successfully completed sixty-three (63) Underground cabling projects. As of December 31, 2025, they have twenty-four (24) Underground cabling projects with a basic contract value of ₹12,594.87 lakhs.
As of January 31, 2026, the company had ninety (90) permanent employees.
Competitive Strengths:
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 120.55 | 88.31 | 26.41 | 0.01 |
| Total Income | 98.14 | 155.88 | 24.69 | |
| Profit After Tax | 10.74 | 13.02 | 0.84 | |
| EBITDA | 17.16 | 21.64 | 1.55 | |
| NET Worth | 45.35 | 15.68 | 0.96 | |
| Reserves and Surplus | 45.22 | 15.56 | 0.94 | 0.84 |
| Total Borrowing | 2.00 | 7.30 | 7.04 | |
| 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 working capital requirements of the Company | 100.00 |
| 2 | General Corporate Purpose | |
| Total | 100.00 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 35.19% | 156.55% |
| ROCE | 35.92% | 94.75% |
| Debt/Equity | 0.04 | 0.47 |
| RoNW | 23.68% | 83.07% |
| PAT Margin | 11.03% | 8.37% |
| EBITDA Margin | 17.64% | 13.91% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 89.10% |
Lead Manager Reports
Polite Powertech IPO is a main-board IPO of 1,25,00,000 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 Polite Powertech IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Polite Powertech IPO using UPI as a payment gateway. Zerodha customers can apply in Polite Powertech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Polite Powertech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Polite Powertech IPO dates are not announced. Please check back again after some time.
Polite Powertech IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Polite Powertech 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 Polite Powertech IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Polite Powertech IPO allotment status.
The Polite Powertech IPO listing date is not yet announced. The tentative date of listing is .
