Rotomag Enertec Ltd. IPO Details
Rotomag Enertec was incorporated on August 24, 1993. The company is a design-focused manufacturer and supplier of industrial drive solutions, including motors, gearboxes, drivetrains, and railway products and solar products such as solar pumps, inverters, and energy storage systems. It is a key player in the Indian industrial motors and gearboxes market and was an early entrant in the solar products industry
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 24.0 M | - | - | ₹5,000.0 M | DRHP DOC |
Rotomag Enertec issue details
Rotomag Enertec has 24.0 M shares on offer
Rotomag Enertec IPO issue size is ₹ 5,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Rotomag Enertec IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Rotomag Enertec NUMBER OF SHARES ON OFFER
Rotomag Enertec FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 1,265.0 | 167.5 | -24.0 | -70.8 | 19.3% |
| FY24 | 694.2 | 71.4 | -11.1 | -39.3 | 13.5% |
| FY23 | 704.2 | 55.4 | 59.6 | 53.5 | 8.0% |
Rotomag Enertec INFORMATION ON IPO ISSUE
About Rotomag Enertec
Rotomag Enertec was incorporated on August 24, 1993. The company is a design-focused manufacturer and supplier of industrial drive solutions, including motors, gearboxes, drivetrains, and railway products and solar products such as solar pumps, inverters, and energy storage systems. It is a key player in the Indian industrial motors and gearboxes market and was an early entrant in the solar products industry
Object of the Issue
- Redemption of non-convertible debentures issued by the company and the accrued interest thereon
- Funding their working capital requirements
- General corporate purposes
Rotomag Enertec - PROMOTERS
| Name |
|---|
| Umesh Mohan Balani |
| Neelam Umesh Balani |
| Priya Mohan Balani |
| Umesh Balani Family Private Trust |
| Neelam Balani Family Private Trust |
Rotomag Enertec - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Umesh Mohan Balani | Chairman & Managing Director |
| Neelam Umesh Balani | Whole-Time Director |
| Priyanka Gulati | Independent Director |
| Ranganath N Krishna | Independent Director |
| Anil Kumar Raina | Independent Director |
| Rakesh Kumar Bhutoria | Non-Executive Nominee Director |
Rotomag Enertec Book Running Lead Manager
Equirus Capital Private Limited
rotomag.ipo@equirus.com
CLSA India Private Limited
rotomag.ipo@clsa.com
JM Financial Limited
rotomag.ipo@jmfl.com
Rotomag Enertec Registrar to the Offer
MUFG Intime India Private Limited
rotomag.ipo@in.mpms.mufg.com
Rotomag Enertec Strengths
Key player in solar products
The company entered the solar products industry in 1999, leveraging its motor manufacturing expertise to develop a robust solar pump portfolio integrated with controllers and IoT. As of June 2025, its systems are installed across 14 Indian states
Diversified product portfolio
The company offers a diverse portfolio of industrial drive solutions and solar products under segment-specific brands such as Rotomag, Rotomotive, Rotodrive, Cyclo, Su-Vastika, and Statcon
Product design & development expertise
The company emphasises design and customisation, enabling innovation across DC, PMDC, BLDC, AC, and PMSM motors. A dedicated 36-member design team supports the development of industry-specific solutions, enhancing reliability, cost-effectiveness, and market competitiveness
Rotomag Enertec Risks
Capital intensive
The company’s operations require substantial working capital, particularly due to delayed payments from government clients. Inability to manage working capital or recover payments on time could adversely affect its business, cash flows, and financial condition
Adoption risks
The company’s success depends on timely innovation and adoption of new technologies in solar products and industrial drive solutions. Its 36-member design team drives the development of quality products that meet evolving customer needs
Competition
The company faces intense competition across its solar products and industrial drive solutions, including challenges like high costs, technological limits, regulatory issues, and competition from low-cost domestic and international manufacturers. Inability to compete effectively could impact its business, financial condition, and cash flows
IPO FAQs
The promoters of the company are Umesh Mohan Balani, Neelam Umesh Balani, Priya Mohan Balani, Umesh Balani Family Private Trust and Neelam Balani Family Private Trust.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.