Announcement

Aegeus Technologies Limited, a Bengaluru‑based provider of robotic solar panel cleaning and Operations & Maintenance services for utility‑scale solar power plants, issued a press release on August 3, 2026 announcing the opening of its Initial Public Offering. The IPO opens for subscription on Tuesday, August 4, 2026 and closes on Thursday, August 6, 2026, with shares to be listed on the BSE SME platform.

Issue Details

The issue is a fresh issue of 22,58,400 equity shares, each having a face value of ₹10. The price band is set between ₹100 and ₹105 per share, resulting in a maximum IPO size of ₹23.71 crore. The issue timeline includes an anchor investor bidding date on Monday, August 3, 2026, followed by the public issue opening on August 4 and closing on August 6.

Share Allocation

  • Total issue: 22,58,400 equity shares
  • Market Maker reservation: 3,25,200 shares
  • Net public issue: 19,33,200 shares
  • Qualified Institutional Buyer (QIB) portion: 9,64,800 shares
  • Anchor portion: 5,72,400 shares
  • Net QIB portion: 3,92,400 shares
  • Non‑Institutional Investor (NII) portion: 2,91,600 shares
  • Retail portion: 6,76,800 shares

Use of Proceeds

The net proceeds from the fresh issue will be utilized to fund capital expenditure requirements, meet working capital needs, support general corporate purposes, and cover issue‑related expenses.

Offer Intermediaries

  • Book Running Lead Manager: Turnaround Corporate Advisors Private Limited
  • Registrar to the Issue: Skyline Financial Services Private Limited
  • Listing Exchange: BSE SME

Management Commentary

Mr. Suraj Vernekar, Promoter and Managing Director of Aegeus Technologies Limited, stated: "India's renewable energy sector continues to witness significant investments, creating strong demand for efficient solar asset management solutions. At Aegeus Technologies, we have developed technology‑driven robotic cleaning systems and O&M capabilities that help improve operational efficiency and optimize power generation for solar assets. The proposed IPO marks an important milestone in our growth journey and will strengthen our capabilities to scale operations, enhance our technology offerings and capitalize on the growing opportunities in the clean energy sector."

Company Background

Incorporated in 2017, Aegeus Technologies Limited specializes in robotic solar panel cleaning solutions and O&M services for utility‑scale solar power projects. Headquartered in Bengaluru, the company focuses on technology‑enabled automation that improves solar panel efficiency, reduces water consumption, and optimizes plant performance for the rapidly expanding renewable energy sector.

Disclaimer

The release contains forward‑looking statements that are subject to risks and uncertainties, including government actions, political or economic developments, and technological changes. The company does not undertake any obligation to update these statements.