Aegeus Technologies was incorporated on April 20, 2017. The company designs and develops robotic and intelligent automation solutions for the solar energy sector, specializing in solar panel cleaning and operations & maintenance (O&M). Its waterless robotic cleaning systems help improve energy generation, reduce downtime, and enhance the operational efficiency of solar power plants
| Bidding Dates |
|---|
| 04 Aug 2026 - 06 Aug 2026 |
| Subscription |
|---|
| 24.33x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,40,000 | 2 | 2 | 1200 | 2.3 M | ₹100 - ₹105 | 47.29 % | ₹225.8 M - ₹237.1 M | RHP DOC |
Aegeus Technologies IPO SUBSCRIPTION STATUS
06 Aug '26Aegeus Technologies IPO overall subscription rate was 24.33 times the total available shares
Aegeus Technologies IPO retail subscription rate was 25.59 times in the retail segment
Aegeus Technologies IPO non-institutional investor subscription rate was 23.25 times in the non-institutional investor category
Aegeus Technologies IPO Qualified Institutional Bidder subscription rate was 23.88 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
06 Aug 2026 (Day 3) | 25.59x | 23.25x | 23.88x |
05 Aug 2026 (Day 2) | 2.35x | 1.65x | 0.74x |
04 Aug 2026 (Day 1) | 0.65x | 0.13x | - |
Aegeus Technologies 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 | 40.9 | 4.0 | -1.5 | -1.8 | 15.8% |
| FY25 | 21.9 | 1.4 | 1.0 | 1.0 | 14.3% |
| FY24 | 15.3 | 0.9 | -0.7 | -1.3 | 10.8% |
Aegeus Technologies IPO SUBSCRIPTION STATUS DETAILS
Aegeus Technologies had 2.3 M shares on offer
Aegeus Technologies IPO offer price was in the range ₹100 - ₹105
Aegeus Technologies IPO minimum Investment was ₹240000
Aegeus Technologies IPO issue size was ₹ 225.8 M - ₹ 237.1 M
Aegeus Technologies had a minimum lot size of 1200 Shares per application
Aegeus Technologies NUMBER OF SHARES ON OFFER
Aegeus Technologies IPO IMPORTANT DATES
| Issue Open Date | 04 Aug 2026 |
| Issue close Date | 06 Aug 2026 |
| Allotment Date | 07 Aug 2026 |
| Refund Date | 10 Aug 2026 |
| Demat Account Credit Date | 10 Aug 2026 |
| Listing Date | 11 Aug 2026 |
| Listing on Exchange(s) | BSE |
| Aegeus Technologies Allotment Status | Exchange/ Registrar |
Aegeus Technologies IPO subscription opened on 04 Aug 2026, and closed on 06 Aug 2026
IPO allotment for Aegeus Technologies was finalized on Friday, 07 Aug 2026
IPO listing for Aegeus Technologies was on BSE on Tuesday, 11 Aug 2026
Aegeus Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 105.0 |
| Listing Open Price | 124.5 |
| Listing Close Price | 130.7 |
| Listing Gain% | 18.6% |
| Current Gain% | 24.5% |
Aegeus Technologies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aegeus Technologies Ltd. | 130.7 | 109.5 | 27.2 | 0.1 | 2.7 | 26.1 | 10.2 | 41.2 | 88.2 | 4 | 188.7 | 4.8 | 188.7 |
| Cummins India Ltd. | 5378.5 | 149092 | 63 | 6 | 11.8 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4420 | 113172.6 | 86.7 | 1.2 | 16.9 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36115 | 40683.9 | 77.9 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2101.5 | 30581 | 56 | 3.5 | 3.9 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| LMW Ltd. | 17323 | 18506.2 | 105.9 | 1.5 | 5.5 | 4.6 | 3.1 | 3353.4 | 6.9 | 130.7 | 27.4 | 163.6 | 69.6 |
Aegeus Technologies INFORMATION ON IPO ISSUE
About Aegeus Technologies
Aegeus Technologies was incorporated on April 20, 2017. The company designs and develops robotic and intelligent automation solutions for the solar energy sector, specializing in solar panel cleaning and operations & maintenance (O&M). Its waterless robotic cleaning systems help improve energy generation, reduce downtime, and enhance the operational efficiency of solar power plants
Object of the Issue
- Investment in product development
- Funding capital expenditure towards setting up of a manufacturing facility of the company by purchase of land and civil work
- To meet out the expenses for working capital to fund business growth
- To meet out the expenses for general corporate purposes
Aegeus Technologies - PROMOTERS
| Name |
|---|
| Suraj Vernekar’D |
| Roopa Vernakar |
| Nishith Rameshchandra Shah |
Aegeus Technologies - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Suraj Vernekar’D | Managing Director |
| Roopa Vernekar | Non-Executive Director |
| Nishith Rameshchandra Shah | Non-Executive Director |
| Sandeep Singh | Independent Director |
| Sreenatha Madanayakanahalli Vivin Kumar | Independent Director |
Aegeus Technologies Book Running Lead Manager
Turnaround Corporate Advisors Private Limited
ipo@tcagroup.in
Aegeus Technologies Registrar to the Offer
Skyline Financial Services Private Limited
ipo@skylinerta.com
Aegeus Technologies Strengths
In-house technology
The company has developed patented in-house robotic technology that enables efficient waterless cleaning of solar panels. The solution delivers consistent cleaning performance, reduces maintenance needs, and ensures reliable operation across diverse site conditions
R&D capabilities
The company offers an integrated automation and O&M ecosystem that combines robotic hardware, digital tools, and analytics-driven monitoring to improve solar plant performance and operational visibility. Its strong R&D capabilities drive continuous innovation in robotics, control systems, and data analytics, strengthening its technological leadership
Scalable & flexible business model
The company operates a scalable business model offering both equipment sales and Module Cleaning as a Service (MCaaS), supported by an experienced management team with expertise in robotics and solar automation. Its strong brand, reliable product performance, and presence across India and international markets support continued business growth
Aegeus Technologies Risks
Seasonal business
Demand for the company's robotic cleaning systems and maintenance services depends on seasonal soiling levels and weather conditions affecting solar panels. Variations in climate or extreme weather may impact service demand, project schedules, capacity utilization, and revenue
Cybersecurity risks
The company relies heavily on its IT systems and digital infrastructure, making it vulnerable to increasingly sophisticated cybersecurity threats. Any successful cyberattack could disrupt operations, compromise sensitive data, increase costs, and damage the company's reputation and financial performance
Expansion risks
The company's expansion into new products and market segments involves execution, technology, and market acceptance risks. Any failure to successfully diversify or integrate new offerings could increase costs, disrupt operations, and adversely affect its growth and financial performance
IPO FAQs
The promoters of the company are Suraj Vernekar’D, Roopa Vernakar and Nishith Rameshchandra Shah.
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%.
The price band of the IPO is Rs 100.0 - 105.0.
The IPO application opens on Aug 04, 2026 and closes on Aug 06, 2026.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 240,000.0, the maximum value for this IPO is Rs 252,000.0.
This IPO will be allotted on Aug 07, 2026.
The refund will be credited to your account on Aug 10, 2026.
The allotted shares will be credited to your demat on Aug 10, 2026.
Aegeus Technologies Ltd.’s shares listed on the stock exchanges on Aug 11, 2026.