SAEL Industries IPO Description – SAEL Industries operates as a vertically integrated renewable energy independent power producer (IPP) with a diversified portfolio spanning solar power and agri waste-to-energy (AgWTE). As of September 2025, it has a total contracted and awarded capacity of 5,765.7 MW (8,464.4 MWp), including 5,600.8 MW solar and 164.9 MW AgWTE, spread across 10 states and 1 union territory. Its business model is anchored on long-term power purchase agreements (PPAs) with a weighted average life of ~24.6 years, ensuring strong revenue visibility. Notably, 81.5% of capacity is tied to high-credit off-takers (AA and above) such as SECI, NTPC, NHPC, SJVN, and leading state DISCOMs, reflecting low counterparty risk.
The company has built a fully integrated value chain, including in-house EPC, O&M, and 3,625 MW of TopCon solar module manufacturing capacity across Punjab and Rajasthan. It is also expanding into upstream manufacturing with a proposed 10 GW (cell + module) facility in Uttar Pradesh, strengthening supply chain control. A key differentiator is its leadership in the AgWTE segment, where it uses paddy straw as fuel—addressing stubble burning while generating power. This segment delivers significantly higher economics, with ~INR 5.68 crore annual revenue per MW, nearly 11x of solar (~INR 53 lakh per MW). As of 30 June 2025, the group employed 2,449 personnel.
Promoters of SAEL Industries – Jasbir Singh, Sukhbir Singh, Laxit Awla
SAEL Industries IPO Details
| SAEL Industries IPO Dates | Coming soon |
| SAEL Industries Issue Price | Coming soon |
| Fresh Issue | INR 3,750 crore |
| Offer For Sale | INR 825 crore |
| Total IPO Size | INR 4,575 crore |
| Minimum Bid (Lot Size) | Coming soon |
| Pre-issue Shares | 128,32,11,722 shares |
| Face Value | INR 5 per share |
| Listing On | NSE, BSE |
SAEL Industries IPO Allocation in Different Categories
SAEL Industries Financial Performance
| FY 2023 | FY 2024 | FY 2025 | Q1 FY 2026 | |
| Revenue | 388.93 | 558.47 | 664.77 | 260.78 |
| Expenses | 518.76 | 846.14 | 1,021.56 | 357.29 |
| Net Income | (71.07) | (267.14) | (280.95) | (58.31) |
| Margin (%) | (18.27) | (47.83) | (42.26) | (22.36) |
SAEL Industries Offer News
SAEL Industries Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2026* (Post-Issue) | |
| EPS | 0.37 | (2.23) | (2.31) | – |
| PE Ratio | – | – | – | – |
| Price/Sales Ratio | – | – | – | – |
| Price/Book Ratio | – | – | – | – |
| Current Ratio | – | – | – | – |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | -63.12 | NA | NA |
| NAV | (1.51) | (1.10) | (2.32) |
| ROCE (%) | NA | NA | NA |
| EBITDA (%) | 34.29 | 33.72 | 49.13 |
| Debt/Equity | 2.13 | 1.98 | 6.27 |
Evaluate the quality of an IPO using these essential investing ratios to make an informed decision.
SAEL Industries IPO Anchor Investors
SAEL Industries raises () from anchor investors. SAEL Industries Anchor bid date is ().
| Bid Date | Coming soon |
| Shares Offered | Coming soon |
| Anchor Portion (INR Cr.) | Coming soon |
| Anchor lock-in period end date for 50% shares (30 Days) | Coming soon |
| Anchor lock-in period end date for remaining shares (90 Days) | Coming soon |
SAEL Industries IPO GMP Today (Daily Trend)
SAEL Industries Offer Objectives
The company proposes to utilize net proceeds from the issue towards the following objects:
- Investment in subsidiaries, SAEL Solar P5 and SAEL Solar P4 for repayment/prepayment, in full or in part, of certain of their outstanding borrowings, interest accrued and prepayment penalties – INR 2,812.50 crore
- General Corporate Purposes
SAEL Industries IPO Subscription – Live Updates
Coming soon
() shares allotted to anchor investors are not included in these calculations.
SAEL Industries – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| SAEL Industries | – | (2.31) | NA | (2.32) | 664.77 |
| Adani Green | 123.19 | 8.37 | 10.86 | 77.14 | 11,212.00 |
| Acme Solar | 62.23 | 4.53 | 4.70 | 88.63 | 1,405.13 |
| NTPC Green | 151.46 | 0.67 | 2.58 | 26.17 | 2,209.64 |
| Premier Energies | 50.15 | 21.35 | 33.56 | 63.63 | 6,518.75 |
SAEL Industries IPO Allotment Status
You can check SAEL Industries IPO allotment status on KFin Technologies’ website. Click on this link to get the allotment status. Often not getting IPO allotment? Learn how to improve your IPO allotment chances.
SAEL Industries IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| SAEL Industries IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
SAEL Industries IPO Reviews – Subscribe or Avoid?
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SAEL Industries IPO Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400 025, Maharashtra, India
Phone: +91 22 6807 7100
Email: [email protected]
Website: www.icicisecurities.com
SAEL Industries Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
SAEL INDUSTRIES LIMITED
3rd Floor, Aerocity Worldmark 1, IGI Airport,
South West Delhi, New Delhi 110037, India
Phone: +91 11 4491 0011
Email: [email protected]
Website: www.sael.co
IPO Resources
How many shares in SAEL Industries IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in SAEL Industries Public Offer?
What is SAEL Industries IPO GMP today?
SAEL Industries IPO GMP today is INR NA per share.
What is SAEL Industries Subject to Sauda rate today?
SAEL Industries Subject to Sauda rate today is INR NA per application.
Krishna comes from a family of investors and financial analysts, She learnt wading through regulatory filings pretty early in her career. She has several years of experience in financial and industry analysis under her belt. At IPO Central, Krishna plays twin roles of Contributor and Head of research desk.
