SAEL Industries Limited (“The Company”) is amongst the top five renewable energy independent power producers (“IPPs”) in India, which are vertically integrated and equipped with in-house solar module manufacturing, based on operational capacity as of June 30, 2025 (Source: CRISIL Report).

The company has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”) to raise funds through offer of equity shares (face value ₹ 5 each) through initial public offerings aggregating up to ₹45,750.00 million [₹4,575 Crore]. (“Total Offer Size”)

The total offer size comprises of fresh issue of equity shares aggregating up to ₹37,500.00 million [₹3,750 crore] (The “Fresh Issue”) and offer for sale by Selling Shareholders aggregating up to ₹8,250.00 million [₹825 Crore] (“Offer for Sale”).

The Equity Shares that will be offered through the Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). (“Listing Details”)

ICICI Securities Limited, Kotak Mahindra Capital Company Limited, JM Financial Limited and Ambit Private Limited are the Book Running Lead Managers to the issue. (“BRLMs”)