Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Sunkind India Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.64 crore equity shares.
The equity shares are proposed to be listed on the NSE SME. Hem Securities 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 Sunkind India 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 | NSE SME |
| Total Issue Size | 64,08,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 64,08,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,78,88,000 shares |
| Share Holding Post Issue | 2,42,96,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Sep 29, 2025 |
| SEBI/Exchange approval received | Tue, Feb 10, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not less than 15.00% of the Net Issue |
Incorporated in 2019 as Sunkind India Private Limited, the company was converted into a public limited company in May 2025, and its name was changed to Sunkind India Limited. The company is engaged in the design, engineering, procurement, and construction (EPC) of utility-scale, commercial, and industrial solar projects, including rooftop and ground-mounted systems. Its solutions are delivered primarily through CAPEX and OPEX models, serving sectors such as power transmission and distribution, steel, auto components, and hospitality. The company also provides comprehensive operations and maintenance (O&M) services, supported by advanced data analytics to maximize plant performance and uptime.
Sunkind India has established several subsidiaries to support operations across different business models and stages and operates from its registered office in Gurugram, Haryana. As of September 26, 2025, its order book—defined as the value of EPC contracts minus revenue recognized—stood at ₹14,211.00 lakhs. The company is accredited with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.
The company has received several industry recognitions, including ranking among the top 10 largest Rooftop Solar EPC companies by Bridge to India (2022–24), awarded “Rising Star Company of the Year – EPC” by Indian Rooftop Solar Congress 2022, and listed among the Top 100 Most Powerful Leaders in the Indian Solar Industry by Solar Quarter Magazine. It is also a life member of the BRICS Chamber of Commerce and Industry.
Sunkind India is led by an experienced management team, who collectively oversee strategy, project execution, operations, and client engagement, enabling the company to deliver high-quality solar solutions across India.
Sunkind India Ltd.'s revenue increased by 47% and profit after tax (PAT) rose by 235% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|
| Assets | 67.41 | 43.31 |
| Total Income | 120.53 | 82.03 |
| Profit After Tax | 13.67 | 4.08 |
| EBITDA | 18.65 | 5.81 |
| NET Worth | 22.93 | 5.94 |
| Reserves and Surplus | 22.58 | 5.93 |
| Total Borrowing | 12.25 | 1.09 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in subsidiary for financing its capital expenditure requirements | 7.43 |
| 2 | Investment in subsidiary to meet its working capital requirements | 10.00 |
| 3 | Investment in another subsidiary for financing its capital expenditure requirements towards setting up of new manufacturing plant at Jaipur, Rajasthan | 41.35 |
| 4 | To meet working capital requirements of the company | 40.00 |
| 5 | General corporate purpose |
Lead Manager Reports
Sunkind India IPO is a SME IPO of 64,08,000 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 Sunkind India 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 NSE SME.
Zerodha customers can apply online in Sunkind India IPO using UPI as a payment gateway. Zerodha customers can apply in Sunkind India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sunkind India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sunkind India IPO dates are not announced. Please check back again after some time.
Sunkind India IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Sunkind India 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 Sunkind India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sunkind India IPO allotment status.
The Sunkind India IPO listing date is not yet announced. The tentative date of listing is .
