Integrum Energy Infrastructure Limited has submitted its draft red herring prospectus (DRHP) to the BSE for a small and medium-sized enterprises (SME) IPO. The company, known for providing renewable energy solutions, aims to raise capital through this initial public offering.
The IPO consists of a fresh issue of up to 49.50 lakh equity shares, along with an offer for sale (OFS) of 5.40 lakh equity shares from its promoters, Shyam Sundar Maheshwari and Shipra Goel. An OFS allows major shareholders to sell their shares in the market, enabling them to decrease their ownership stake without creating new shares. In this case, Maheshwari plans to sell 3.56 lakh shares, while Goel will sell 1.83 lakh shares.
Promoters Anand Lahoti, Shyam Sundar Maheshwari, Puneet Goel, and Shipra Goel collectively hold 1,49,64,970 equity shares, which accounts for 94.83% of the company’s issued equity capital.
The proceeds from the IPO will be invested in Integrum Green Assets Private Limited, a subsidiary focused on constructing a 2-megawatt peak (MWp) solar plant. The energy generated will be supplied to commercial and industrial customers under a long-term Power Purchase Agreement. Remaining funds will address working capital needs and general corporate purposes.
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Beeline Capital Advisors Private Limited will manage the IPO, while Integrated Registry Management Services Private Limited will serve as the registrar for the offering.
Founded in 2021 and headquartered in Bengaluru, Integrum Energy Infrastructure Limited specializes in renewable energy solutions, particularly solar, wind, and hybrid systems. As of March 31, 2024, the company reported revenues of ₹23,324.07 lakh, an EBITDA of ₹2,075.57 lakh, and a profit after tax (PAT) of ₹1,515.19 lakh.
