Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Sadbhav Futuretech Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on March 31, 2026 to raise funds through Initial Public Offer (IPO).
Sadbhav Futuretech Ltd. IPO is a Book Build Issue consisting of fresh issue of upto 2.55 crore equity shares and an offer for sale (OFS) of ₹235.00 crores
The equity shares are proposed to be listed on NSE and BSE. Beeline Capital Advisors Pvt.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 Sadbhav Futuretech 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 |
| Fresh Issue | 2,55,00,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | [.] shares of ₹2 (agg. up to ₹235 Cr) |
| Share Holding Pre Issue | 9,41,49,840 shares |
| Share Holding Post Issue | 11,96,49,840 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Mar 31, 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 2020, Sadbhav Futuretech Limited is engaged in engineering, procurement, and construction (EPC) of solar power projects, focusing on solar water pumping systems, rooftop solar systems, and ground-mounted solar systems.
The company has installed a cumulative capacity of 171.68 MW, including 171.53 MW in solar water pumping and 0.15 MW in rooftop solar during the stub period and last three fiscals. It has been awarded one EPC contract and received two letters of intent for 120.00 MW of ground-mounted solar projects.
Its customers include Government of India and state government agencies, along with private clients such as Rotomag Enertec Limited, Siddhakala Renewable Energy System Private Limited, Dynamech Electropower Private Limited, Premier Energies Limited, and KSL Cleantech Limited.
The company follows an in-house execution model covering project management, design, engineering, and procurement, supported by third-party vendors for solar modules, cells, inverters, and other components.
As of February 28, 2026, its order book comprises ₹87,553.52 lakh from solar water pumping, ₹79,051.48 lakh from rooftop solar, and ₹35,000.00 lakh from ground-mounted solar projects, covering 19 projects, with ₹58,587.79 lakh revenue recognized till September 30, 2025.
It operates across states including Maharashtra, Assam, Andhra Pradesh, Madhya Pradesh, Rajasthan, Haryana, and Chhattisgarh, supported by 11 warehouses and 6 regional offices, mainly across Andhra Pradesh, Assam, and Maharashtra.
Its product portfolio includes DC and AC submersible and surface pumps ranging from 3 HP to 10 HP. As of February 28, 2026, the company, along with its subsidiaries, had 104 employees, including 56 in operations.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 546.51 | 303.32 | 102.40 | 42.83 |
| Total Income | 275.76 | 302.77 | 133.76 | 73.09 |
| Profit After Tax | 40.44 | 30.80 | 7.69 | 0.85 |
| EBITDA | 67.20 | 52.85 | 16.80 | 3.87 |
| NET Worth | 119.32 | 78.88 | 12.24 | 4.56 |
| Reserves and Surplus | 116.18 | 75.74 | 10.24 | 2.56 |
| Total Borrowing | 312.08 | 128.25 | 64.52 | 28.26 |
| 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 | 215.00 |
| 2 | General corporate purposes | |
| Total | 215.00 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 40.81% | 67.61% |
| ROCE | 20.86% | 37.19% |
| Debt/Equity | 2.65 | 1.63 |
| RoNW | 33.90% | 39.05% |
| PAT Margin | 14.67% | 10.17% |
| EBITDA Margin | 24.50% | 17.49% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.27 | 6.76 |
| Promoter Holding | 83.96% |
Lead Manager Reports
Sadbhav Futuretech 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 Sadbhav Futuretech 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 Sadbhav Futuretech IPO using UPI as a payment gateway. Zerodha customers can apply in Sadbhav Futuretech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sadbhav Futuretech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sadbhav Futuretech IPO dates are not announced. Please check back again after some time.
Sadbhav Futuretech IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Sadbhav Futuretech 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 Sadbhav Futuretech IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sadbhav Futuretech IPO allotment status.
The Sadbhav Futuretech IPO listing date is not yet announced. The tentative date of listing is .
