Deon Energy Ltd. IPO Details
Deon Energy was incorporated on June 23, 2020. The company provides end-to-end renewable energy solutions, specialising in turnkey solar EPC projects for commercial and industrial clients. Its services cover project conceptualisation, land acquisition, approvals, technology selection, and commissioning of ground-mounted and rooftop solar systems
| 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 |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹1,500.0 M | DRHP DOC |
Deon Energy issue details
Deon Energy IPO issue size is ₹ 1,500.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Deon Energy 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 |
Deon Energy NUMBER OF SHARES ON OFFER
Deon Energy 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 | 298.8 | 26.2 | -0.6 | -1.7 | 11.9% |
| FY24 | 68.4 | 3.0 | 1.1 | 0.1 | 7.0% |
| FY23 | 41.8 | 0.2 | -0.1 | -0.2 | 1.4% |
Deon Energy INFORMATION ON IPO ISSUE
About Deon Energy
Deon Energy was incorporated on June 23, 2020. The company provides end-to-end renewable energy solutions, specialising in turnkey solar EPC projects for commercial and industrial clients. Its services cover project conceptualisation, land acquisition, approvals, technology selection, and commissioning of ground-mounted and rooftop solar systems
Object of the Issue
- Funding the long-term working capital requirements of the company
- General corporate purposes
Deon Energy - PROMOTERS
| Name |
|---|
| Dharmesh Ashokbhai Makadiya |
| Chiragbhai Dineshbhai Kalariya |
| Archanaben Kalariya |
| Bhargav Chaturbhai Kavar |
Deon Energy - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Dharmesh Ashokbhai Makadiya | Chairman & Managing Director |
| Chiragbhai Dineshbhai Kalariya | Whole-time Director |
| Archanaben Kalariya | Executive Director |
| Bhargav Chaturbhai Kavar | Executive Director & Chief Financial Officer |
| Rajnikant C Patel | Non-Executive Independent Director |
| Ashokkumar Jivaraj Chavda | Non-Executive Independent Director |
| Maulik S Bagdai | Non-Executive Independent Director |
| Himali R Lakhani | Non-Executive Independent Director |
Deon Energy Book Running Lead Manager
Smart Horizon Capital Advisors Private Limited
deonenergy@shcapl.com
Deon Energy Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Deon Energy Strengths
Turnkey renewable energy solutions
They deliver end-to-end renewable energy solutions, specialising in turnkey solar EPC projects for commercial and industrial clients. Their services cover project conceptualisation, land acquisition, approvals, and customised technology solutions for ground-mounted and rooftop solar installations
Integrated EPC model & expertise
The company leverages an integrated EPC model to execute end-to-end solar projects, including procurement, design, construction, approvals, and O&M, backed by an experienced in-house engineering team. Its technical and commercial expertise enables customised solutions, optimising efficiency, minimising delays, and reducing client effort in land acquisition and approvals
Engineering & design team
The company’s integrated EPC model enables end-to-end execution of solar projects, including procurement, design, construction, approvals, and O&M, supported by an experienced in-house engineering team. Its sales and engineering experts deliver customised solutions, optimising power generation, minimising costs, and reducing client effort in land acquisition and approvals
Deon Energy Risks
Capital intensive
The company has substantial working capital needs to mobilise resources, and insufficient cash flow or limited financing could impact its operations and financial condition. Changes in underlying assumptions may also alter these requirements
Competition
The company operates in a highly competitive solar EPC market, where pricing, technology, and service quality drive client decisions. Domestic competitors may capture market share by offering lower-cost or technologically advanced solutions, potentially impacting the company’s growth and profitability
Counterparty credit risk
The company is exposed to counterparty credit risk, and delays or non-receipt of payments could adversely affect its operations and cash flows. While no significant payment delays have occurred in the past three fiscals, future risks cannot be ruled out
IPO FAQs
The promoters of the company are Dharmesh Ashokbhai Makadiya, Chiragbhai Dineshbhai Kalariya, Archanaben Kalariya and Bhargav Chaturbhai Kavar.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.