Integrum Energy Infrastructure Ltd. IPO Details
Integrum Energy Infrastructure was incorporated on February 26, 2021. The company is an integrated renewable energy and energy-management platform serving C&I customers across the renewable energy value chain, with a focus on hybrid, wind and solar projects. From FY24 to FY26, orders added, revenue and EBITDA grew at CAGRs of 188.9%, 72.48% and 110.38%, respectively, indicating strong growth and operating leverage
| 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 |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 24.1 M | - | - | ₹0 | DRHP DOC |
Integrum Energy Infrastructure issue details
Integrum Energy Infrastructure has 24.1 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Integrum Energy Infrastructure 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 |
Integrum Energy Infrastructure NUMBER OF SHARES ON OFFER
Integrum Energy Infrastructure 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 |
| FY26 | 693.8 | 63.2 | -4.0 | -14.8 | 12.7% |
| FY25 | 117.7 | 12.6 | 25.5 | 20.3 | 14.6% |
| FY24 | 233.2 | 15.3 | -1.0 | -2.2 | 8.6% |
Integrum Energy Infrastructure INFORMATION ON IPO ISSUE
About Integrum Energy Infrastructure
Integrum Energy Infrastructure was incorporated on February 26, 2021. The company is an integrated renewable energy and energy-management platform serving C&I customers across the renewable energy value chain, with a focus on hybrid, wind and solar projects. From FY24 to FY26, orders added, revenue and EBITDA grew at CAGRs of 188.9%, 72.48% and 110.38%, respectively, indicating strong growth and operating leverage
Object of the Issue
- Funding the incremental working capital requirements of the company
- Investment in its subsidiary, Integrum Green Assets Private Limited for financing capital expenditure towards procurement of wind turbine generators and associated equipment
- Investment in its subsidiary, Integrum Green Assets Private Limited, for the repayment/ prepayment, in full or in part, of certain outstanding borrowings
- Payment of consideration for strategic investment and acquisition of a controlling interest in Stactiv Energy Services Private Limited
- General corporate purposes
Integrum Energy Infrastructure - PROMOTERS
| Name |
|---|
| Anand Lahoti |
| Puneet Goel |
| Shyamsundar Maheswari |
| Shipra Goel |
Integrum Energy Infrastructure - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Anand Lahoti | Chairman, Managing Director & Chief Executive Officer |
| Puneet Goel | Whole-time Director & Chief Operating Officer |
| Shyamsundar Maheswari | Non-Executive Director |
| Prabir Neogi | Independent Director |
| Usha Ramachandra | Independent Director |
| Anandkumar Raichand Lunia | Independent Director |
Integrum Energy Infrastructure Book Running Lead Manager
Mefcom Capital Markets Limited
ieil.ipo@mefcomcap.in
Centrum Broking Limited
ieil.ipo@centrum.co.in
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Integrum Energy Infrastructure Registrar to the Offer
KFin Technologies Limited
integrumenergy.ipo@kfintech.com
Integrum Energy Infrastructure Strengths
Integrated renewable solutions
The company provides integrated renewable energy solutions across advisory, design, execution, commissioning, O&M and asset management for C&I customers. Its end-to-end capabilities across hybrid, wind, solar and storage-linked applications support tailored solutions, simplified project execution, diversified revenue opportunities and stronger customer relationships
Regulatory expertise
The company has experience navigating state-specific renewable energy regulations covering open access, captive and group captive structures, connectivity, energy accounting and approvals. Its regulatory expertise helps customers structure projects aligned with applicable requirements and commercial objectives while reducing execution complexity across multiple states
O&M & asset management
The company’s O&M capabilities extend to energy forecasting, scheduling, settlements, regulatory support, surplus energy sales, deficit power procurement and performance optimisation. With turnkey projects forming 86.49% of its O&M capacity as of March 31, 2026, its integrated services help customers optimise renewable energy utilisation, manage generation-consumption mismatches and improve asset performance
Integrum Energy Infrastructure Risks
Project execution risks
The company’s project execution and commissioning depend on adequate grid connectivity and evacuation infrastructure, much of which is controlled by utilities or third parties. Delays, equipment failures, grid constraints, shutdowns or inadequate capacity may delay project completion and COD, increase costs and working capital requirements, and adversely affect revenues, profitability and cash flows
Labour intensive business
The company’s labour-intensive operations depend on a steady and reliable workforce, particularly for activities such as periodic cleaning of rooftop and ground-mounted solar panels. Strikes, work stoppages, labour shortages, wage demands or workforce disputes may disrupt operations, reduce power generation, increase costs and adversely affect its business, cash flows and financial performance
Seasonal performance risk
The company’s operating results may fluctuate due to seasonal and weather-related factors affecting renewable energy project execution and generation. Monsoons, rainfall, winds, extreme temperatures, cloud cover and variations in solar and wind patterns may delay project activities, affect generation and make future performance difficult to predict
IPO FAQs
The promoters of the company are Anand Lahoti, Puneet Goel, Shyamsundar Maheswari and Shipra Goel.
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%.