Solar water pumping solutions provider Sadbhav Futuretech plans IPO, files draft papers with SEBI

Haryana-based solar water pumping solutions provider Sadbhav Futuretech has approached capital markets by filing preliminary papers with Securities and Exchange Board of India to raise funds via initial share sale.

The IPO will consist of issuance of 2.55 crore equity shares, and an offer-for-sale of shares worth up to Rs 235 crore by existing shareholders, as per the DRHP filed on March 31.

Promoters Saikat Roy, Bhupender Singh, Bettericon Consultancy, Neelam Jain, and other individuals will be selling shareholders in the offer-for-sale.

Incorporated in 2020, Sadbhav Futuretech offers engineering, procurement, and construction (EPC) for solar power projects with a focus on solar water pumping, rooftop solar and ground mounted solar systems.

It has an installed capacity of 171.68 MW including 171.53 MW of solar water pumping systems and 0.15 MW of rooftop solar system. As of DRHP, it has one EPC contract and received two Letter of Intent for installation of ground mounted solar system of 120 MW.

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Sadbhav Futuretech earned almost 97-98 percent business from the solar water pumping systems. It has recorded profit of Rs 40.4 crore and revenue of Rs 274.3 crore for April-September period of financial year 2025-26.

Profit in the fiscal 2025 has grown four-fold to Rs 30.8 crore from Rs 7.7 crore in previous year. Revenue increased 126 percent to Rs 302 crore from Rs 133.7 crore in the same period.

The merchant banker for managing the Sadbhav Futuretech IPO is Beeline Capital Advisors.