About Aegeus Technologies IPO
Aegeus Technologies IPO Details
Aegeus Technologies IPO is a 100% book-built issue of 22.58 lakh shares worth up to ₹24 crore, entirely a fresh issue of shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on July 27, 2026.
The price band of the issue is set between ₹100 to ₹105 per share and the lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor is ₹2,52,000 (2,400 shares). The IPO will be open for subscription from August 4 to 6, 2026, on the BSE SME platform, with a tentative listing date fixed as August 11, 2026. The book-running lead manager of the issue is Turnaround Corporate Advisors Private Limited, while Skyline Financial Services Private Limited is acting as the Registrar to the issue.
Aegeus Technologies IPO Date & Timeline
The Aegeus Technologies IPO is officially set to open for subscription on Aug 4, 2026 and will close on Aug 6, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on July 27, 2026 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Aug 7, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Aug 10, 2026. Finally, shares of Aegeus Technologies Ltd. are tentatively scheduled to list on the stock exchanges on Aug 11, 2026.
Aegeus Technologies IPO Timeline
| IPO Open Date | Tue, Aug 4, 2026 |
| IPO Close Date | Thu, Aug 6, 2026 |
| Tentative Allotment | Fri, Aug 7, 2026 |
| Initiation of Refunds | Mon, Aug 10, 2026 |
| Credit of Shares to Demat | Mon, Aug 10, 2026 |
| Tentative Listing Date | Tue, Aug 11, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Aegeus Technologies IPO Details
| Detail | Description |
|---|---|
| IPO Date | 4 to 6 Aug, 2026 |
| Listing Date | 11 Aug, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 100 to ₹ 105 |
| Lot Size | 1,200 Shares |
| IPO Type | Fresh capital only |
| Total Issue Size | 22,58,400 shares (agg. up to ₹ 24 Cr) |
| Reserved for Market Maker | 3,25,200 shares (agg. up to ₹ 3 Cr) Prabhat Financial Services Ltd. |
| Fresh Issue(Ex Market Maker) | 19,33,200 shares (agg. up to ₹ 20 Cr) |
| Net Offered to Public | 19,33,200 shares (agg. up to ₹ 20 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 61,16,193 shares |
| Share Holding Post Issue | 83,74,593 shares |
Aegeus Technologies IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Aegeus Technologies IPO GMP is currently trading at ₹0, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹105, which is 0.00% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹105 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹0 and a lot size of 1200 shares.
Aegeus Technologies GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 31 Jul 2026 | ₹105 | ₹0 | 31 Jul, 202612:52 PM |
| 30 Jul 2026 | ₹105 | ₹0 | 31 Jul, 202612:52 PM |
| 29 Jul, 2026 | ₹105 | ₹0 | 29 Jul, 202610:29 AM |
Company Background
Aegeus Technologies Ltd. was incorporated on April 20, 2017, as a private limited company, mainly focused on precision engineering and automation. Then, on August 08, 2024, the company converted into a public limited company to proceed with its public listing procedures. The company is headquartered in Bengaluru, Karnataka, with its registered office in Harapanahalli Village, Anekal Taluk and corporate office in JP Nagar, Bengaluru.
The company's primary focus is on creating robotics and intelligent automation solutions for the solar energy industry. The company operate 2 modern manufacturing facilities for its operations and has expanded its geographical footprint across major solar-producing states in India.
Operations & Product Range
Aegeus Technologies Ltd. operates primarily in the clean-tech and automation space. It designs, engineers and manufactures specialized robotic solar panel cleaning systems. The company's core operational framework encompasses in-house research and development, assembly, hardware integration and software development for remote monitoring.
Key product categories include Waterless robotic panel cleaning systems designed for utility-scale solar farms; Semi-automated and fully autonomous cleaning solutions for commercial and industrial rooftop installations; and operations and maintenance (O&M) software platforms for fleet management and predictive diagnostics. The target customer base includes independent power producers (IPPs), engineering, procurement and construction (EPC) contractors and utility-scale solar park developers.
Facilities & Capacity
The operational infrastructure supporting Aegeus Technologies Ltd. is centralised in Bengaluru, Karnataka. The company manages its engineering design, prototyping, testing and final assembly out of these facility locations. To support its expected expansion, the company intends to deploy fresh issue proceeds toward scaling up manufacturing throughput, upgrading assembly technology and establishing additional service hubs closer to major client operational sites across key renewable energy corridors in India.
Brands & Market Presence
Aegeus Technologies Ltd. has established its market presence under the "Aegeus" brand identity, positioning itself as a niche supplier of intelligent maintenance solutions for the solar energy sector. The company's footprint is predominantly domestic, supplying robotic systems to solar power plants situated across various topographies in India. Its operations are backed by compliance with relevant quality management standards for industrial machinery manufacturing. With years of operation, the company has acquired patents in several countries, namely India, Australia, China, the Kingdom of Saudi Arabia (KSA) and the United States of America (USA).
Revenue Streams & Business Model
The core revenue streams of Aegeus Technologies Ltd. are structured into hardware sales and ongoing technology services, including direct sale of robotic cleaning units and control systems to solar plant operators and developers, annual maintenance contracts (AMC), supply of spare parts and on-site operation support services and licensing and integration of intelligent O&M monitoring tools. Revenue is generated primarily from domestic operations, driven by ongoing additions to utility-scale solar energy capacity in key industrial hubs.
Financial Performance
The financials of Aegeus Technologies Ltd. reflect the operational scaling of the business over recent years. The company reported an increase in total income from ₹21.90 crore in FY25 to ₹41.22 crore in FY26; net profit increased from ₹1.39 crore in FY25 to ₹4.02 crore in FY26. Income from operations is driven mainly by product deliveries and execution of service contracts across customer sites. While the EBITDA margin for FY26 is 15.82%, the RONW (Return on net worth) was reported at 29.93% for the similar period of the fiscal year.
Management & Shareholding
Aegeus Technologies Ltd. was founded and promoted by Mr. Suraj Vernekar, Mrs. Roopa Vernekar and Mr. Nishith Rameshchandra Shah. Before the IPO, the promoters held the majority of the share capital in the company, but after the IPO, the promoters' shareholding will not be diluted as the offering is entirely an offer for sale.
Board & Key Management
The leadership of Aegeus Technologies Ltd. is led by a team of experts with many years of experience. Chairman of the company serves as the strategic direction for the firm. The daily operations are managed by Mr. Suraj Vernekar, the Managing Director, along with Whole-Time Directors Mrs. Roopa Vernekar and Mr. Nishith Rameshchandra Shah. To ensure good governance, the board includes Independent Directors Sandeep Singh and Sreenatha Madanayakanahalli Vivin Kumar for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Aegeus Technologies IPO Financial Information
Latest Revenue
40.94
₹ Crore
Profit After Tax
4.02
₹ Crore
Net Worth
15.40
₹ Crore
Total Borrowing
11.93
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | 39.36 | 40.94 | 4.02 | 15.40 | 9.28 | 11.93 | |||
| 31 Mar 2025 | 22.09 | 21.89 | 1.39 | 11.42 | 5.30 | 4.10 | |||
| 31 Mar 2024 | 13.56 | 15.27 | 0.93 | 5.83 | 5.82 | 4.16 | |||
| 31 Mar 2023 | 7.03 | 5.61 | -0.00 | 3.84 | 3.82 | 1.77 | |||
| Amount in ₹ Crore | |||||||||
Aegeus Technologies Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 29.93 % |
| ROCE | 24.75 % |
| Debt/Equity | 0.77 |
| RoNW | 29.93 % |
| PAT Margin | 9.81 % |
| EBITDA Margin | 15.82 % |
| Price to Book Value | 5.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.57 | 4.80 |
| P/E (x) | 15.98 | 21.88 |
Aegeus Technologies IPO Objectives
The company intended to utilise the Aegeus Technologies IPO proceeds for strategic purposes:
- • Investment in product development
- • Capital expenditure requirements for expanding manufacturing facilities and purchasing equipment.
- • Funding working capital requirements
- • General corporate purposes
Aegeus Technologies IPO Review
Aegeus Technologies Ltd. operates within a specialised market niche at the intersection of renewable energy and industrial robotics. With the rapid expansion of solar power infrastructure across India, automated cleaning solutions address critical operational challenges, such as panel soiling and water conservation in arid deployment zones.
Financially, the company's trajectory relies on its ability to scale assembly capabilities and secure long-term service contracts with large utility-scale developers. For FY26, the total income was reported at ₹41.22 crore, PAT was at ₹4.02 crore and EBITDA was reported at ₹6.48 crore, with a 15.82% EBITDA margin.
However, investors should be aware of both sides of the company, from strengths to potential risks. Key operational strengths include specialised technology capabilities and entry barriers inherent in client integration. Potential risks include dependence on the solar energy sector, customer concentration risk, supply chain dependencies for specialised components and regulatory changes in the renewable sector. Overall, the IPO provides prospective investors exposure to a niche player in solar O&M automation, with future execution tied to operational scaling and client additions.
Conclusion
Aegeus Technologies IPO is an opportunity for investors to invest in a growing company that is an emerging technological player in the Indian solar ecosystem. Driven by structural shifts toward clean energy and operational efficiency, the company's focus on automated panel maintenance aligns with broader industry demand. Evaluating the company's operational execution, working capital efficiency and deployment scale will remain essential factors for tracking its long-term growth trajectory following its entry into the public capital markets.
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Competitive Strengths
Dedicated product focus on waterless and automated robotic cleaning solutions tailored specifically for solar installations.
Proprietary hardware and software integration enabling remote monitoring and diagnostics.
Direct positioning within the growing renewable energy operation and maintenance (O&M) ecosystem.
Experienced promoter team with technical domain expertise in industrial design and automation.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2400 | 252000 |
| Individual investors (Retail) (Max) | 2 | 2400 | 252000 |
| S-HNI (Min) | 3 | 3600 | 378000 |
| S-HNI (Max) | 7 | 8400 | 882000 |
| B-HNI (Min) | 8 | 9600 | 1008000 |