Aegeus Technologies IPO
LISTEDSMESUBSCRIBEListing Performance
▲ 18.57%
Issue Price
₹105
Listing Price
₹125
Listed On
11 Aug 2026
- Price Band
- ₹100 – ₹105
- Lot Size
- 1,200
- Lot Value
- ₹1,26,000
- Open Date
- 04 Aug04 Aug 2026
- Close Date
- 06 Aug06 Aug 2026
- Min Investment
- ₹1,26,000
About Aegeus Technologies
Aegeus Technologies manufactures robotic solar panel cleaning systems and provides operation & maintenance (O&M) services for solar installations. The company offers products including Unicorn Smart, Unicorn R2R, and Shreem, along with services such as Annual Maintenance Contracts (AMC) and Module Cleaning as a Service (MCaaS).
Revenue generated from sales of robotic cleaning systems and service contracts including Annual Maintenance Contracts, Module Cleaning as a Service, and Complete Solar O&M services.
Use of IPO Proceeds
Total allocation: ₹16.60 Cr (excludes issue expenses)
Promoters
Mr. Suraj Vernekar'D
Promoter and Managing Director
Over 24 years of experience in marketing, business development, product development, channel management, strategic sales, business planning, P&L management, and manufacturing strategy.
Post-issue: 9.17%
Mr. Nishith Rameshchandra Shah
Promoter and Non-Executive Director · age 66
Over 32 years of experience in the electrical wholesale business, with expertise in procurement, supply chain management, and customer relations.
Bachelors of Commerce (B.com) from University of Mumbai (1985)
Pre-issue: 21.49% · Post-issue: 4.53%
Investment Analysis
Quick Analysis: 6 strengths · 6 risk factors· Exchange: BSE SME
Strengths (6)
- •Patented in-house robotic technology enables efficient water-free solar panel cleaning
- •Comprehensive automation ecosystem integrating hardware, digital tools, and analytics monitoring
- •Strong R&D capabilities supporting continuous product improvement and technology advancement
- •Scalable flexible business model supporting equipment supply and service delivery
- •Experienced management team with domain expertise in robotics and solar operations
- •Established brand presence with reliable performance record across India and international markets
Risk Factors (6)
- •Concentrated customer base: Top 1 customer represents 39.37% of revenue; loss of major customers could adversely affect business.
- •First public issue with no trading history; Issue Price may not be indicative of market price after listing.
- •Independent Directors lack specialized technical or sector-specific qualifications relevant to robotics and solar technology operations.
- •Increased regulatory scrutiny and compliance costs post-listing may strain resources and divert management focus from core activities.
- •Limited number of customers exposes company to revenue volatility, pricing pressure, and payment term uncertainties.
- •No active trading market guarantee for equity shares; liquidity and sustained trading cannot be assured post-listing.
📊 Algorithmic Score
Computed from issue structure — GMP, fresh issue %, OFS %, issue size
Why do these differ? The Algorithmic Score measures issue quality (structure, size, promoter commitment). The Demand Analysis measures investor interest signals (subscription, GMP, risks). A high-quality issue can still have unconfirmed demand — especially before subscription opens.
✍️ Demand & Risk Analysis
Based on market demand signals — subscription, GMP trend, risk factors
IPO Market Analysis
▲ Listed +18.6%Strong investor demand with 24x subscription suggests positive listing momentum. GMP indicates market expects a listing premium.
Pre-listing prediction: SUBSCRIBE
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,26,000 |
| Retail (max) | 1 | 1,200 | ₹1,26,000 |
| S-HNI (min) | 2 | 2,400 | ₹2,52,000 |
| S-HNI (max) | 7 | 8,400 | ₹8,82,000 |
| B-HNI (min) | 8 | 9,600 | ₹10,08,000 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | — | 0.74x | 23.88x |
| sNII (S-HNI) | — | — | — |
| bNII (B-HNI) | — | — | — |
| Retail | 0.65x | 2.35x | 25.43x |
| Total | 0.31x | 1.72x | 24.26x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
25.43x
Allotment Ratio
1 lot per 26 applicants
Allotment Probability
~3.9%
Non-Institutional Investors (NII / HNI)
Subscription
23.22x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
23.88x
Allotment Type
Discretionary allotment
Total Subscription
24.26x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
04 Aug 2026 · Tue
Issue Closes
06 Aug 2026 · Thu
Bidding Cut-off (UPI Mandate)
06 Aug 2026 · 5:00 PM IST
Allotment
07 Aug 2026 · Fri
Listing
11 Aug 2026 · Tue
Issue Opens
04 Aug 2026 · Tue
Issue Closes
06 Aug 2026 · Thu
Bidding Cut-off (UPI Mandate)
06 Aug 2026 · 5:00 PM IST
Allotment
07 Aug 2026 · Fri
Listing
11 Aug 2026 · Tue
IPO Details
| Registrar | Skyline Financial Services Private Limited |
| Exchange | BSE SME |
| ISIN | — |
| Face Value | — |
| Issue Size | ₹23.71 Cr |
| Fresh Issue | — |
| OFS Size | ₹0.00 Cr |
| Lead Managers | Turnaround Corporate Advisors Private Limited |
3-Year Financial Summary
Revenue trend
↑ FY24→FY25
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | 21.89 | 1.39 | 6.57 | — | 23.55% |
| FY24 | 15.27 | 0.93 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY24 | FY25 |
|---|---|---|
| Net Worth | 5.83 | 11.42 |
| Total Borrowings | — | 4.16 |
| Cash Flow — Operating | -0.7 | 1.05 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
16.0x
Price ÷ EPS
EPS (FY25)
₹7
Earnings per share
RoNW
23.55%
Return on net worth
ROCE
24.75%
as reported in filing
EBITDA margin
—
EBITDA ÷ revenue
Price/NAV
4.17x
Price ÷ NAV (as reported)
Check the valuation yourself
Company Fundamentals
8 sections extracted from this filingCapital Structure
Capital structure not disclosed in this filing.The capital-structure table was not found in Aegeus Technologies's offer document (common in abridged prospectuses).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in Aegeus Technologies's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Aegeus Technologies's filing.
Source: Aegeus Technologies offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: Aegeus Technologies offer document (DRHP/RHP).
Board & Management
Board of Directors (5)
- Suraj Vernekar'D₹0.73 Cr p.a.
Managing Director
Post Graduate Diploma in Marketing Management and Bachelor of Engineering (Electrical and Electronics)
Over 24 years of experience in handling sales, marketing, business development, product development, channel management, strategic sales & business planning, P&L management, manufacturing strategy.
- Roopa Vernakar
- Nishith Rameshchandra Shah
Non-Executive Director
- Anil Kapoor
Independent Director
- Sandeep Singh
Independent Director
Key Managerial Personnel (3)
- Suraj Vernekar'D₹0.73 Cr p.a.
Managing Director
Post Graduate Diploma in Marketing Management and Bachelor of Engineering (Electrical and Electronics)
Over 24 years of experience in handling sales, marketing, business development, product development, channel management, strategic sales & business planning, P&L management, manufacturing strategy.
- Pratap Chandra Mishra₹0.41 Cr p.a.
Chief Financial Officer
Master of Business Administration, Cost Accountant
More than 12 years of experience in Finance, Analysis, and Accounts.
- Surbhi Sharma₹0.16 Cr p.a.
Company Secretary & Compliance Officer
Bachelor of Commerce, Company Secretary
More than 5 years of experience in compliance with law and Corporate Governance.
Source: Aegeus Technologies offer document (DRHP/RHP).
Industry & Market
Industry & market data not disclosed in this filing.Market-size/industry detail was not extracted from Aegeus Technologies's filing.
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| Aegeus technologies Ltd | — | 6.57 | 29.93 | 25.18 |
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:Skyline Financial Services Private Limited→Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the Aegeus Technologies IPO opening?
The Aegeus Technologies IPO opens on 04 Aug 2026 and closes on 06 Aug 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Aegeus Technologies IPO?
The price band for the Aegeus Technologies IPO is ₹100 to ₹105. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Aegeus Technologies IPO?
The minimum lot size is 1200 shares with a minimum investment of ₹1,26,000. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Aegeus Technologies IPO today?
The latest Grey Market Premium for Aegeus Technologies is ₹12 (+11.43%). GMP is unofficial data and is not a guarantee of listing price.
When will the Aegeus Technologies IPO list on NSE and BSE?
The Aegeus Technologies IPO is expected to list on 11 Aug 2026 on BSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the Aegeus Technologies IPO allotment status?
The registrar for this IPO is Skyline Financial Services Private Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Aegeus Technologies IPO a mainboard or SME issue?
Aegeus Technologies is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the Aegeus Technologies IPO?
You can apply for the Aegeus Technologies IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA. Use the Apply Now buttons on this page to go directly to the broker.
What is the expected listing price of Aegeus Technologies IPO?
Based on the current GMP of ₹12, the expected listing price of Aegeus Technologies is ₹117 (issue price ₹105 + GMP ₹12). Note that GMP is unofficial grey market data and actual listing price may differ.
What is the allotment ratio for Aegeus Technologies IPO?
Based on the retail subscription of 25.43x, the estimated allotment ratio is 1 lot per 26 applicants (approximately 3.9% chance of allotment). This is an estimate and actual allotment may vary.
Should I subscribe to Aegeus Technologies IPO?
Based on our algorithmic analysis, Aegeus Technologies IPO is rated SUBSCRIBE with high confidence. Strong investor demand with 24x subscription suggests positive listing momentum. GMP indicates market expects a listing premium. This is not investment advice — please read the DRHP and consult a financial advisor before investing.
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