The company operates as an integrated power infrastructure engineering, procurement and construction (EPC) player, undertaking end-to-end execution of power transmission, distribution and renewable energy projects. Its expertise spans high-voltage and extra-high-voltage transmission lines, underground and overhead cabling, solar EPC projects, as well as air-insulated and gas-insulated substations for state utilities, public sector undertakings and private clients.
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As per the DRHP, the IPO will comprise a total offer of up to 1.25 crore equity shares, including a fresh issue of up to 1 crore shares and an offer for sale of up to 25 lakh shares. The proceeds from the fresh issue will primarily be used to meet working capital requirements and for general corporate purposes. The shares are proposed to be listed on both the NSE and BSE.The company has reported sharp financial growth in recent years. Revenue from operations rose from nil in FY2023 to Rs 24.65 crore in FY2024, and further surged to Rs 155.63 crore in FY2025. For the first half of FY2026, revenue stood at Rs 97.32 crore.
Profitability has also improved, with EBITDA at nil in FY2023, Rs 1.55 crore in FY2024, Rs 21.64 crore in FY2025 and Rs 17.16 crore in H1 FY2026. Net profit followed a similar trend, coming in at nil, Rs 0.84 crore, Rs 13.02 crore and Rs 10.74 crore, respectively.
The growth is supported by a strong order book of Rs 313.56 crore as of December 31, 2025, offering clear visibility for future revenues. Additionally, as of March 12, 2026, the company has secured fresh orders worth Rs 302.21 crore.
Arihant Capital Markets Limited and Valmiki Leela Capital Private Limited are acting as the book-running lead managers to the issue.
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