Photonics Watertech Limited – DRHP Filing and SME IPO Details

Photonics Watertech Limited announced that it has filed its Draft Red Herring Prospectus (DRHP) with the NSE EMERGE platform on June 30 2026 for a proposed Small and Medium Enterprise (SME) Initial Public Offering. The IPO comprises a fresh issue of up to 6,500,000 equity shares with a face value of ₹10 each and an Offer for Sale aggregating up to ₹1,000 lakh.

The stated objects of the issue are to fund capital expenditure for the purchase of plant and machinery equipment, meet working capital requirements, and for general corporate purposes as detailed in the DRHP.

Goldmine Stocks Private Limited and Valmiki Leela Capital Private Limited have been appointed as Book Running Lead Managers, while KFin Technologies Limited serves as the Registrar to the offer.

Financial Performance (Nine‑Month Period Ended 31 December 2025)

  • Revenue from Operations: ₹4,134.33 lakhs
  • EBITDA: ₹1,135.50 lakhs
  • PAT (Profit After Tax): ₹752.80 lakhs

Company Background

  • Originally incorporated as Photonics Watertech Private Limited on 22 April 2011 under the Companies Act, 1956.
  • Converted to a public limited company following a special resolution passed at the Extraordinary General Meeting on 3 March 2026.
  • The name was changed to Photonics Watertech Limited with a fresh certificate of incorporation dated 10 March 2026.

Business Segments

Photonics Watertech provides end‑to‑end services across four segments:

1. LED‑based lighting solutions – design, manufacture, supply, installation, testing, commissioning and maintenance for government and private customers.

2. Solar EPC – comprehensive services from site specification and feasibility to design, supply, installation, testing, commissioning and O&M.

3. Water Infrastructure – engineering, procurement, assembly, consultation, operation and maintenance of groundwater recharging, water management and conservation systems.

4. Automation – infrastructure solutions including smart transport projects (e.g., Smart Transport Nagar) and EV charging infrastructure.

The company emphasizes in‑house design and engineering capabilities, enabling domestic and international market expansion and a focus on sustainability and customer satisfaction.

Availability of DRHP

The Draft Red Herring Prospectus is accessible on the NSE EMERGE website (www.nseindia.com), the issuer’s website (www.photonicswatertech.com), and the websites of the book‑running lead managers – Goldmine Stocks (www.goldmine.co.in) and Valmiki Leela Capital (www.valmikileela.com).

Disclaimer

The release contains forward‑looking statements subject to risks and uncertainties, including government actions, political or economic developments, and technological risks. The company does not assume responsibility for actions taken based on these statements and is not obligated to update them publicly.