Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Topsun Energy Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.72 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Interactive Financial Services 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 Topsun Energy 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 | 72,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 72,00,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,68,75,000 shares |
| Share Holding Post Issue | 2,40,75,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Jun 24, 2025 |
| Offer document withdrawn | Tue, Aug 5, 2025 |
| Filed with SEBI/Exchange | Mon, Sep 15, 2025 |
| SEBI/Exchange approval received | Fri, Oct 17, 2025 |
| 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 15.00% of the Offer |
Incorporated in August 2007, Topsun Energy Limited is a renewable energy company primarily engaged in the manufacturing, installation, and servicing of solar energy systems. The company focuses on providing solar photovoltaic (PV) solutions, including solar panels, solar power plants, and rooftop systems for residential, commercial, and industrial clients.
Its offerings include both on-grid and off-grid solar solutions, EPC (Engineering, Procurement, and Construction) services, and solar-powered products, such as solar streetlights and solar water pumps. Topsun Energy also deals in the trading of solar components and undertakes system integration projects.
Topsun Energy Limited specialises in system integration and EPC (Engineering, Procurement, and Commissioning) of Solar Power Plants, Solar Water Pumping Systems, Solar EV Charging Stations, and Agricultural Drones as a Service.
As of May 31, 2025, the company had 113 permanent employees comprising skilled and on-site workers
Competitive Strength
Topsun Energy Ltd.'s revenue increased by 107% and profit after tax (PAT) rose by 281% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 143.03 | 104.53 | 61.11 |
| Total Income | 218.27 | 105.48 | 66.70 |
| Profit After Tax | 11.87 | 3.11 | -2.24 |
| EBITDA | 23.13 | 8.97 | 0.85 |
| NET Worth | 41.88 | 30.01 | 26.90 |
| Reserves and Surplus | 25.00 | 18.76 | 15.65 |
| Total Borrowing | 49.30 | 45.78 | 27.89 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 7.00 |
| 2 | General Corporate Purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 33.02% |
| ROCE | 25.36% |
| Debt/Equity | 1.18 |
| RoNW | 28.41% |
| PAT Margin | 5.47% |
| EBITDA Margin | 10.60% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.03 | 4.93 |
| Promoter Holding | 99.36% |
Lead Manager Reports
Topsun Energy IPO is a SME IPO of 72,00,000 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 Topsun Energy 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 SME.
Zerodha customers can apply online in Topsun Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Topsun Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Topsun Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Topsun Energy IPO dates are not announced. Please check back again after some time.
Topsun Energy IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Topsun Energy 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 Topsun Energy IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Topsun Energy IPO allotment status.
The Topsun Energy IPO listing date is not yet announced. The tentative date of listing is .
