Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
RCRS Innovations Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.48 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Galactico Corporate Services Ltd. is the book running lead manager and Skyline Financial Services 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 RCRS Innovations IPO DRHP for more details.
| 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 SME |
| Total Issue Size | 48,24,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 48,24,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,31,25,000 shares |
| Share Holding Post Issue | 1,79,49,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Dec 9, 2025 |
| SEBI/Exchange approval received | Sun, Feb 8, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue. |
Incorporated in August 2019, RCRS Innovations Ltd. is engaged in the manufacturing of customised lithium-ion battery packs and solar photovoltaic (PV) modules, under the brand name “EXEGI”.
The company's products mainly serve the B2B sector, used in solar lighting, inverters, energy storage, and other custom applications.
The company's operations take place at its Sikandrabad, Uttar Pradesh facility, where lithium battery packs and solar PV modules are processed. The Company has established assembly and integration facilities for Battery Energy Storage Systems (BESS) at Sikandrabad. The plant is complete, and commercial production is soon to start.
The Company serves multiple markets in energy storage and solar power, including solar lighting (street, mast, garden, home), residential and commercial backup via inverter systems, and energy storage for telecoms, data centres, UPS, industrial, and commercial settings.
It also supplies microgrids, renewable, and utility-scale projects, plus specialised sectors like medical, electric mobility, and automation systems.
As of September 30, 2025, the facility's capacity is 250 MWh annually for battery packs, 100 MWh for solar PV modules, and 1,000 MWh for BESS.
As of August 31, 2025, the Company employs 141 people across production, administration, finance, marketing, sales, and management.
Competitive Strength:
RCRS Innovations Ltd.'s revenue increased by 15% and profit after tax (PAT) rose by 37% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 82.78 | 80.79 | 40.65 | 24.75 |
| Total Income | 12.56 | 133.49 | 116.16 | 67.80 |
| Profit After Tax | 1.13 | 11.47 | 8.36 | 1.42 |
| EBITDA | 2.35 | 17.45 | 12.99 | 3.01 |
| NET Worth | 28.21 | 27.16 | 14.70 | 1.99 |
| Reserves and Surplus | 15.09 | 14.04 | 9.45 | 1.49 |
| Total Borrowing | 45.37 | 45.49 | 17.54 | 13.83 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Meeting incremental working capital requirements | 33.40 |
| 2 | Repayment/prepayment of all or certain of the borrowings availed of by the Company | 11.67 |
| 3 | General Corporate Purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROCE | 24.63% |
| Debt/Equity | 1.67 |
| RoNW | 42.23% |
| PAT Margin | 8.64% |
| EBITDA Margin | 13.15% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 97.29% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | |
| 2 | Brokerage, selling commission and upload fees | |
| 3 | Fees Payable to Registrars to the issue | |
| 4 | Fees Payable to Legal Advisors | |
| 5 | Fees Payable to Advertising and marketing expenses | |
| 6 | Regulators including stock exchanges | |
| 7 | Printing and distribution of issue stationary | |
| 8 | Others (Fees payable for market making, depositories, marketing fees, secretarial, peer review etc.) |
Lead Manager Reports
RCRS Innovations IPO is a SME IPO of 48,24,000 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 RCRS Innovations IPO open and close dates are not available as of now.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in RCRS Innovations IPO using UPI as a payment gateway. Zerodha customers can apply in RCRS Innovations IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in RCRS Innovations IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The RCRS Innovations IPO dates are not announced. Please check back again after some time.
RCRS Innovations IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in RCRS Innovations 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 RCRS Innovations IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the RCRS Innovations IPO allotment status.
The RCRS Innovations IPO listing date is not yet announced. The tentative date of listing is .
