Soleos Energy Ltd. filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India on October 13, beginning the formal process for a proposed IPO. The draft outlines a fresh issue of up to 1.10 crore shares and an offer for sale of up to 90 lakh shares.
The Ahmedabad-based company operates in solar engineering, procurement and construction, project development, asset management and battery energy storage systems. Its FY26 revenue from operations was reported at Rs.281.16 crore, with profit after tax of Rs.21.48 crore.
The company has not yet announced its IPO dates, price band or final issue value. The draft remains subject to regulatory review, and the eventual offer terms may differ from the initial proposal.
