Rotomag Enertec Files DRHP: ₹500 Crore Fresh Issue and OFS of 2.40 Crore Shares

Ahmedabad, October 1, 2025: Rotomag Enertec Limited has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO), comprising a fresh issue of equity shares worth ₹500 crore and an Offer for Sale (OFS) of up to 2,40,40,162 equity shares by existing shareholders. The company proposes to list its equity shares on both the BSE and NSE.

Rotomag Enertec IPO Rotomag Enertec Files for IPO to Raise ₹500 Crore

Rotomag Enertec is set to launch its initial public offering (IPO) and will raise funds through a fresh issue and an offer for sale. The company will raise up to ₹500 crore through the fresh issue. At the same time, existing investors and promoter entities, including Umesh Mohan Balani, Neelam Umesh Balani, Priya Mohan Balani, Anjali Umesh Balani, BanyanTree Growth Capital II LLC, Pooja Tushar Patel, and Siddharth Tushar Patel, will offer a collective 2.40 crore shares through the offer for sale. Before the IPO, the company will also raise up to ₹100 crore through a pre-IPO placement, which, if done, will be deducted from fresh issue proceeds.

Rotomag Enertec IPO Objects of the Issue

• Redemption of non-convertible debentures: ₹100 crore
• Working capital financing: ₹275 crore
• General corporate purposes: balance of proceeds

Company Profile

Rotomag Enertec is engaged in designing and manufacturing extensive industrial drive solutions and solar power products. The solutions of the company include DC, PMDC, BLDC, and AC motors, permanent magnet synchronous motors (PMSM), gearbox, gearmotor, drivetrain, and railway solutions. The renewable energy solutions of the company include solar pumps, solar pumping systems, inverters, and energy storage systems.

The company has six manufacturing units located throughout Gujarat, Maharashtra, Haryana, and Uttar Pradesh.

Promoters: Umesh Mohan Balani, Neelam Umesh Balani, Priya Mohan Balani, and.

Rotomag Enertec IPO Financial Snapshot (FY25)

The company reported revenue from operations of ₹1,264.99 crore in FY25, reflecting steady business growth. Its profit after tax (PAT) stood at ₹167.52 crore, underscoring strong profitability across segments. As per the restated consolidated financial statements, the company’s net worth was ₹598.18 crore, while total borrowings amounted to ₹276.98 crore.

Rotomag Enertec IPO Allocation

The issue will be by means of a book-building process pursuant to Regulation 6(1) of SEBI ICDR Regulations:

• Not less than 50% of the net offer will be reserved for Qualified Institutional Buyers (QIBs). Within this, up to 60% may be allocated to Anchor Investors.
• At least 15% of the issue will be reserved for Non-Institutional Investors (NIIs).
• A minimum of 35% of the proceeds will be set aside for Retail Individual Investors (RIIs.

Rotomag Enertec IPO Lead Managers and Registrar

The book runners of the issue are JM Financial, Equirus Capital, and CLSA India. The registrar of the issue is MUFG Intime India Private Limited.

Rotomag Enertec IPO Key Watchpoints

• Reliance on the government.-initiated solar pump programmes and policy framework.
• Long working capital requirements due to long receivable cycles from public sector clients.
• Exposure to raw material prices and import risk fluctuations.
• Concentration of the manufacturing sector in Gujarat.

REF: https://www.bseindia.com/corporates/download/386830/IPO Prior/DRHP_20250926212144.pdf

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