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Topsun Energy Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on August 5, 2025.
Topsun Energy Ltd. IPO was a Book Build Issue consisting solely of fresh issue of upto 0.72 crore equity shares.
The equity shares were proposed to be listed on the BSE SME. Interactive Financial Services Ltd. was the book running lead manager and Bigshare Services Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Total Issue Size | 72,00,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,68,75,000 shares |
| Share Holding Post Issue | 2,40,75,000 shares |
| 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 |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Jun 24, 2025 |
| Offer document withdrawn | Tue, Aug 5, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 134.36 | 104.53 | 61.11 | 69.40 |
| Total Income | 141.02 | 105.48 | 66.70 | 93.48 |
| Profit After Tax | 8.31 | 3.11 | -2.24 | 0.55 |
| EBITDA | 16.89 | 8.97 | 0.85 | 5.01 |
| Net Worth | 38.32 | 30.01 | 26.90 | 29.13 |
| Reserves and Surplus | 27.07 | 18.76 | 15.65 | 17.88 |
| Total Borrowing | 48.40 | 45.78 | 27.89 | 25.52 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| ROE | 24.33% |
| ROCE | 19.74% |
| Debt/Equity | 1.26 |
| RoNW | 10.37% |
| EBITDA Margin | 8.51% |
The Company Topsun Energy IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 7.00 |
| 2 | General Corporate Purposes |
Topsun Energy Ltd.
B-101, GIDC Electronic Estate
Sector-25,
Gandhinagar, Gujarat, 382028
Phone: +91 75730 06633
Email: cs@topsunenergy.com
Website: https://topsunenergy.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
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 . 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 Topsun Energy IPO listing is [.].
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