Aegeus Technologies IPO GMP today is Rs 0. Investors can use this GMP along with price band and subscription status for a better IPO review.
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SME IPO
AEGEUS
Aegeus Technologies
Aegeus Technologies is an engineering and manufacturing company that designs and develops robotic and intelligent automation solutions for the solar energy sector. The company’s core business focuses on improving the operational efficiency of solar power plants through its advanced waterless robotic cleaning systems, which effectively address soiling losses and help enhance energy generation. Headquartered in Bengaluru, the company operates two integrated manufacturing facilities for the design, assembly, and testing of its autonomous and semi-autonomous robotic systems. Its flagship products, “Unicorn” and “Shreem,” are designed for ground-mounted and rooftop solar installations, respectively. Revenue is generated from the sale of these robotic products and a comprehensive portfolio of services, including complete solar operations and maintenance (O&M), annual maintenance contracts (AMCs), and a pay-per-use “Module Cleaning as a Service” (MCaaS) model.
IPO Details
Complete IPO information
| Current GMP | ₹0 |
|---|---|
| Estimated Listing Gain | +0.00% |
| Price Band | ₹100.00 - ₹105.00 |
| Issue Price | ₹105.00 |
| Listing Price | TBA |
| Lot Size | 1,200 Shares |
| Issue Type | SME |
| Issue Size | Approx ₹23.71 Cr |
| Registrar | TBA |
| Exchange | BSE SME |
| Retail Quota | TBA |
| Overall Subscription | 0.05x |
| Listing Date | 11 Aug 2026 |
| Minimum Investment | ₹2,52,000 |
Timeline
IPO roadmap at a glance
01
Bidding Opens
04 Aug 2026
02
Bidding Closes
06 Aug 2026
03
Allotment
07 Aug 2026
04
Listing
11 Aug 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 04 Aug 2026 | ₹0.00 | - | 0.00% |
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,400 | ₹2,52,000 |
| Retail Maximum | 2 Lot | 2,400 | ₹2,52,000 |
| S-HNI Minimum | 3 Lot | 3,600 | ₹3,78,000 |
| S-HNI Maximum | 7 Lot | 8,400 | ₹8,82,000 |
| B-HNI Minimum | 8 Lot | 9,600 | ₹10,08,000 |
Issue Notes
Important takeaways before applying
Strengths
- Patented in-house robotic technology for waterless solar panel cleaning.
- Comprehensive automation and O&M ecosystem integrating hardware and software.
- Strong research and development capabilities in robotics and data analytics.
- Business model includes both equipment sales and “Cleaning as a Service” (MCaaS).
- Global presence with an installed base cleaning over 10 GW of solar panels.
Risks
- A significant portion of revenues is dependent on a limited number of customers.
- Business is dependent on the performance and quality of its Unicorn Smart product.
- The market for robotic solar panel cleaning solutions is at a nascent stage in India.
- The company requires a significant amount of working capital for continued growth.
- The company is dependent on the timely completion of land acquisition and construction for its proposed manufacturing capacity expansion.
Analysis
Aegeus Technologies IPO Details
Aegeus Technologies Limited is launching its Initial Public Offering (IPO) through the Book Built Issue route. The IPO consists entirely of a Fresh Issue of equity shares, with no Offer for Sale (OFS). The proceeds from the issue are expected to support the company's business expansion, working capital requirements, technology investments, and other general corporate purposes.
The equity shares of Aegeus Technologies Limited are proposed to be listed on the BSE SME platform. Investors can apply for the IPO during the subscription period within the announced price band.
| Particular | Details |
|---|---|
| IPO Open Date | August 4, 2026 |
| IPO Close Date | August 6, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹100 to ₹105 Per Share |
| Issue Size | Approx ₹23.71 Crores |
| Fresh Issue | Approx ₹23.71 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
Analysis
Aegeus Technologies IPO Reservation
The Aegeus Technologies IPO follows the SEBI-prescribed reservation structure for a Book Built Issue. The issue is allocated among Anchor Investors, Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs), ensuring balanced participation from institutional as well as retail investors.
The category-wise reservation of shares is provided below. The final allotment in each category will be determined based on investor demand and the Basis of Allotment finalized after the issue closes.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | 5,72,400 Shares | 25.35% |
| Qualified Institutional Buyers (QIB) (Excluding Anchor) | 3,92,400 Shares | 17.38% |
| Non-Institutional Investors (NII) | 2,91,600 Shares | 12.91% |
| Retail Individual Investors (RII) | 6,76,800 Shares | 29.97% |
Note: The above reservation details are based on the proposed issue structure. The final allocation of shares across investor categories will be completed in accordance with SEBI regulations after the IPO subscription period ends.
Analysis
Aegeus Technologies IPO Anchor Investors
Aegeus Technologies Limited has reserved a portion of its IPO for eligible Anchor Investors before the public subscription opens. Anchor investors are Qualified Institutional Buyers (QIBs) who participate in the issue one working day prior to the IPO opening, helping improve price discovery and enhance investor confidence in the public offering.
The details below include the anchor bidding date, number of shares reserved, proposed anchor issue size, and the applicable SEBI-prescribed lock-in periods. The final list of anchor investors will be published after the anchor allocation process is completed.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 3, 2026 |
| Anchor Investors List | |
| Shares Offered | 5,72,400 Shares |
| Anchor Issue Size | [.] Crores |
| Lock-in Period End Date (50% Shares – 30 Days) | 2026 |
| Lock-in Period End Date (Remaining 50% Shares – 90 Days) | 2026 |
Note: The final anchor investor list, anchor issue size, and exact lock-in period end dates will be updated after the completion of the anchor allocation process. The lock-in period for anchor investors will be applicable in accordance with SEBI regulations.
Analysis
Aegeus Technologies IPO Dates
The Aegeus Technologies IPO will open for subscription on August 4, 2026 and close on August 6, 2026. The basis of allotment is expected to be finalized on August 7, 2026. Refunds for unsuccessful applicants and the credit of equity shares to successful investors' demat accounts are scheduled for August 10, 2026.
The equity shares of Aegeus Technologies Limited are proposed to be listed on the BSE SME platform on August 11, 2026. Investors should keep track of these important dates to monitor the IPO subscription, allotment process, and listing schedule.
| IPO Event | Date |
|---|---|
| IPO Open Date | August 4, 2026 |
| IPO Close Date | August 6, 2026 |
| Basis of Allotment | August 7, 2026 |
| Refunds | August 10, 2026 |
| Credit to Demat Account | August 10, 2026 |
| IPO Listing Date | August 11, 2026 |
Note: The above IPO timeline is tentative and may be revised by the company, the registrar, or the stock exchange. Investors should refer to the official IPO documents and announcements for the latest schedule and updates.
Analysis
Aegeus Technologies IPO Promoters and Holding Pattern
The promoters of Aegeus Technologies Limited have been instrumental in the company's growth, strategic direction, and operational development. Following the IPO, the promoter group is expected to continue playing a key role in managing the business and driving its long-term growth.
The promoter shareholding before and after the IPO is summarized below based on the information available in the offer documents.
Promoters of Aegeus Technologies Limited
- Mr. Suraj Vernekar'D
- Mrs. Roopa Vernekar
- Mr. Nishith Rameshchandra Shah
| Particular | Shares | Holding (%) |
|---|---|---|
| Promoter Holding (Pre-Issue) | 61,16,193 | 100% |
| Promoter Holding (Post-Issue) | 83,74,593 | 100% |
Note: The promoter shareholding details are based on the information available in the IPO documents. Any change in promoter ownership after the completion of the public issue will be reflected in the final shareholding pattern disclosed by the company after listing.
Analysis
Aegeus Technologies IPO Objects of the Issue & Utilisation of Proceeds
Aegeus Technologies Limited plans to utilize the net proceeds from its Initial Public Offering (IPO) to strengthen its technology capabilities, expand its manufacturing infrastructure, and support future business growth. The company intends to invest in product development, establish a new manufacturing facility, and enhance its working capital position to meet increasing operational requirements.
The proposed deployment of funds is aimed at improving production capacity, accelerating innovation, supporting business expansion, and maintaining financial flexibility. The detailed utilization of IPO proceeds is presented below.
| Purpose | Amount |
|---|---|
| Investment in Product Development | ₹2.86 Crores |
| Funding Capital Expenditure towards Setting up of Manufacturing Facility through Purchase of Land and Civil Works | ₹5.74 Crores |
| To Meet the Working Capital Requirements for Business Growth | ₹7.01 Crores |
| General Corporate Purposes | ₹- |
Note: The proposed utilization of IPO proceeds is based on the objectives disclosed in the Draft Red Herring Prospectus (DRHP)/Red Herring Prospectus (RHP). The final allocation of funds may vary depending on business requirements and applicable regulatory approvals.
Analysis
Aegeus Technologies About IPO
Since its establishment in 2017, Aegeus Technologies has been engaged in designing and developing robotic and intelligent automation solutions for solar panels. The firm offers a wide range of services, including Complete Solar O&M, Annual Maintenance Contracts (AMC), Module Cleaning as a Service (MCaaS), Regional Service Network, Spoke Warehouses, and Field Service Support.
Its product portfolio consists of Unicorn Smart: The intelligent, water-free solar panel cleaning robot, Shreem: Lightweight airwash robot built for rooftop solar, Optima: Rail-mounted waterless cleaning that lives on the array, and Asset Guard: AI surveillance robot for intelligent solar asset monitoring, all types of robots to keep your solar panels running more efficiently, reducing the waste of water, and helping panels generate more electricity.
Analysis
Aegeus Technologies IPO Company Financial Report
Aegeus Technologies Limited has demonstrated consistent financial growth over the last three financial years. The company has recorded a steady increase in revenue, improved profitability, and a stronger asset base, reflecting the expansion of its business operations and improved operational efficiency ahead of its IPO.
The following financial summary highlights the company's revenue, expenses, Profit After Tax (PAT), and total assets for the reported financial years. These figures provide investors with a clear overview of Aegeus Technologies Limited's historical financial performance before the public issue.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹15.28 Cr. | ₹14.36 Cr. | ₹0.93 Cr. | ₹13.56 Cr. |
| 2025 | ₹21.90 Cr. | ₹20.00 Cr. | ₹1.39 Cr. | ₹22.09 Cr. |
| 2026 | ₹41.22 Cr. | ₹35.80 Cr. | ₹4.02 Cr. | ₹39.36 Cr. |
Amount in ₹ Crores: The above financial figures are based on the audited financial statements disclosed by Aegeus Technologies Limited in its IPO documents. They provide a summary of the company's historical financial performance and financial position before listing.
Analysis
Aegeus Technologies IPO Valuation – FY2026
The valuation metrics of Aegeus Technologies Limited provide investors with an overview of the company's financial strength, profitability, and operational efficiency before the IPO. Important indicators such as Earnings Per Share (EPS), Return on Equity (ROE), Return on Capital Employed (ROCE), EBITDA Margin, Return on Net Worth (RoNW), Debt-to-Equity Ratio, and Net Asset Value (NAV) help investors assess the company's financial performance and valuation.
Based on the FY2026 financial statements, Aegeus Technologies has reported healthy profitability, improving operating margins, and strong returns on equity. The final Price-to-Earnings (P/E) ratio will be determined after the IPO price is finalized and the shares are listed on the stock exchange.
| KPI | Values |
|---|---|
| ROE | 29.93% |
| ROCE | 24.75% |
| EBITDA Margin | 15.82% |
| PAT Margin | 9.81% |
| Debt to Equity Ratio | 0.77 |
| Earning Per Share (EPS) | ₹6.57 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 29.93% |
| Net Asset Value (NAV) | ₹25.18 |
Note: The above valuation metrics are based on the FY2026 audited financial statements of Aegeus Technologies Limited. The final Price-to-Earnings (P/E) ratio will be available after the IPO price is finalized and the company's shares are listed on the BSE SME platform.
Analysis
Peer Group Comparison
- There are no comparable listed peer companies
Analysis
IPO Lead Managers aka Merchant Bankers
- Turnaround Corporate Advisors Pvt. Ltd.
FAQ
Aegeus Technologies IPO FAQs
Aegeus Technologies IPO price band is Rs 100.00 to Rs 105.00. Check the latest issue price, lot size and GMP together before applying.
Aegeus Technologies IPO open date is 04 Aug 2026, close date is 06 Aug 2026, and listing date is 11 Aug 2026.
Aegeus Technologies IPO lot size is 1,200 shares. The minimum retail investment is Rs 2,52,000.
Aegeus Technologies is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Aegeus Technologies IPO subscription status currently shows Retail 0.08x, QIB 0x, Overall 0.05x.
Aegeus Technologies is an engineering and manufacturing company that designs and develops robotic and intelligent automation solutions for the solar energy sector. The company’s core business focuses on improving the operational efficiency of solar power plants through its advanced waterless robotic cleaning systems, which effectively address soiling losses and help enhance energy generation. Headquartered in Bengaluru, the company operates two integrated manufacturing facilities for the design, assembly, and testing of its autonomous and semi-autonomous robotic systems. Its flagship products, “Unicorn” and “Shreem,” are designed for ground-mounted and rooftop solar installations, respectively. Revenue is generated from the sale of these robotic products and a comprehensive portfolio of services, including complete solar operations and maintenance (O&M), annual maintenance contracts (AMCs), and a pay-per-use “Module Cleaning as a Service” (MCaaS) model.
Aegeus Technologies IPO issue size is 23.71 and the expected allotment date is 07 Aug 2026.