Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Rite Water Solutions (India) Ltd. on July 4, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Rite Water Solutions (India) Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on NSE and BSE. JM Financial Ltd. is the book running lead manager and Bigshare 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 Rite Water Solutions IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Feb 13, 2025 |
| SEBI/Exchange approval received | Fri, Jul 4, 2025 |
| 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 September 2024, Rite Water Solution Limited is a Clean-tech company in India offering diverse solutions for rural transformation, solar agriculture, and IoT for energy, agriculture, and water management.
The company operates on an asset-light model, which allows us to scale our operations efficiently without significant capital investments, ensuring flexibility and resilience.
The company's customers comprise state government departments, organisations, and private corporations.
They partnered with various government clients on water and solar agriculture solutions projects via schemes like Jal Jeevan Mission, PM Kusum Scheme, and NMCG.
As of December 31, 2024, the company has engaged in projects across 21,807 villages.
As of December 31, 2024, the company had 9,131 installations with a purifying capacity of 627.42 million litres of water daily for 6,990 villages in Maharashtra, Bihar, Jharkhand, Rajasthan, West Bengal, and Chhattisgarh.
Similarly, as of December 31, 2024, the company installed over 8,736 solar pumps under the PM Kusum Scheme in 3,831 villages of Maharashtra and Rajasthan and 22 solar cold storages to aid farmers in Maharashtra.
As of December 31, 2024, the company's ongoing IoT operations are focused on energy and water management, monitoring, and ooptimization
The company plans to implement 250 schemes to improve water management in 2,639 villages and 1,837 sub-stations, facilitating real-time data use, enhancing energy efficiency, and promoting smart farming.
As of December 31, 2024, the company had 282 employees on its payroll.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 422.18 | 295.25 | 126.13 | 101.09 |
| Total Income | 309.65 | 206.84 | 121.59 | 78.86 |
| Profit After Tax | 71.51 | 49.28 | 25.02 | 8.68 |
| NET Worth | 305.71 | 234.20 | 93.17 | 68.19 |
| Total Borrowing | 45.93 | 18.65 | 4.35 | 16.76 |
| 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;and | 225.21 |
| 2 | General corporate purposes |
| KPI | Mar 28, 2024 |
|---|---|
| ROE | 21.04% |
| ROCE | 27.22% |
| Debt/Equity | 0.08 |
| RoNW | 21.04% |
| PAT Margin | 24.31% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 80.13% |
Lead Manager Reports
Rite Water Solutions IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Rite Water Solutions IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Rite Water Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Rite Water Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rite Water Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rite Water Solutions IPO dates are not announced. Please check back again after some time.
Rite Water Solutions IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Rite Water Solutions 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 Rite Water Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Rite Water Solutions IPO allotment status.
The Rite Water Solutions IPO listing date is not yet announced. The tentative date of listing is .
