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Sadbhav Futuretech IPO

Sadbhav Futuretech IPO is a mainboard IPO scheduled to open for subscription on — and closed on —.

Price Band
TBA
GMP
Subscription
Listing

Overview

Sadbhav Futuretech IPO is a mainboard IPO scheduled to open for subscription on — and closed on —.

IPO Details

Sadbhav Futuretech IPO is a mainboard initial public offering scheduled to open for subscription on Both. The issue has a price band of TBA per equity share with a lot size of TBA shares, translating to a minimum retail investment of TBA.

The issue size is yet to be confirmed, and subscription dates are yet to be announced. Allotment is expected on and the equity shares are scheduled to list on .

Type
Mainboard
Status
upcoming
Price band
TBA
Face value
₹10 (typical)
Lot size
Min investment (Retail)
TBA
Issue size
Fresh issue
OFS
₹235 Cr
Exchange
Both
ISIN
TBA

Market Lot

Market lot details will be available once the price band and lot size are finalised in the Red Herring Prospectus.

IPO Reservation

Per SEBI guidelines, Sadbhav Futuretech IPO reserves shares across investor categories as follows. Final allotment percentages may vary slightly based on the final issue document.

Category% ReservedNotes
QIB (Qualified Institutional Buyers)Not more than 50%Mutual funds, FIIs, banks, insurance
NII / HNI (Non-Institutional)Not less than 15%Bids ≥ ₹2 lakh
Retail (RII)Not less than 35%Bids up to ₹2 lakh

Important Dates

  1. Issue Open
    · Subscription opens
  2. Issue Close
    · Subscription closes
  3. Allotment
    · Basis of allotment finalised
  4. Refunds Initiated
    · Funds released for non-allottees
  5. Listing Date
    · Shares debut on the exchange

Grey Market Premium

Grey Market Premium for Sadbhav Futuretech is yet to be tracked. We update GMP from multiple grey market sources during the subscription window. Bookmark this page and check IPO GMP Today for live updates.

Subscription Status

Sadbhav Futuretech IPO subscription tracking will go live once the subscription window opens. Category-wise data (Retail / NII / QIB / Employee) will be available on IPO Subscription Status.

Allotment Status

Sadbhav Futuretech IPO allotment will be finalised by the registrar (TBA) on . Check your allotment status using your PAN, application number, or DP ID via our allotment status checker or directly on the registrar's website.

If allotment fails, the blocked funds via ASBA / UPI mandate are released back within 24-48 hours. Applying through multiple demat accounts in family members' names improves chances on oversubscribed IPOs.

About Sadbhav Futuretech

Sadbhav Futuretech Limited is a solar engineering, procurement and construction (EPC) operator focused on three solar-deployment segments: (1) solar water-pumping systems — government-subsidised agricultural irrigation pumps under PM-KUSUM and state-level schemes; (2) rooftop solar systems — commercial and industrial rooftop deployments plus residential under PM SuryaGhar programme; and (3) ground-mounted solar systems — utility-scale and commercial ground-mount installations. The three-segment positioning is structurally interesting. Solar water-pumping has been one of the fastest-growing government-subsidised renewable categories under PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) which targets 35+ lakh solar irrigation pumps across India. Rooftop solar benefits from PM SuryaGhar's 1-crore-household target. Ground-mount benefits from the 500 GW non-fossil capacity by 2030 target. All three segments have multi-year policy-backed demand pipelines. Sadbhav Futuretech filed DRHP with SEBI on 31 March 2026 for a mainboard IPO (NSE+BSE listing). The issue is structured as 2.55 crore fresh equity shares + ₹235 crore Offer for Sale by existing shareholders.

Promoter & Holding Pattern

The promoter and promoter group hold the majority stake in Sadbhav Futuretech prior to the IPO. Post-listing, this percentage will reduce as new equity shares are issued to the public. Detailed pre-IPO and post-IPO promoter holding data will be updated once the Red Herring Prospectus is finalised with SEBI.

Objects of the Issue

The Sadbhav Futuretech IPO proceeds will be utilised across multiple strategic objectives. Typical objects include capital expenditure for expansion, repayment of debt, general corporate purposes, working capital, and OFS by selling shareholders. Detailed breakdown with amounts will be updated here from the Red Herring Prospectus.

Financial Performance

Sadbhav Futuretech's three-year financials — revenue, PAT, assets, net worth — will be displayed here based on audited numbers from the Red Herring Prospectus. Year-on-year growth, EBITDA margins, debt-to-equity progression, and RoNW together form the basis for valuation comparison.

Valuation Snapshot

Key valuation metrics for Sadbhav Futuretech — RoE, RoCE, EBITDA margin, PAT margin, debt-to-equity, EPS, P/E ratio, RoNW, NAV — will be updated based on FY25 numbers from the Red Herring Prospectus.

Peer Comparison

Listed peers in the Renewable Energy sector with key valuation metrics:

CompanyEPS (₹)P/E RatioRoNW (%)NAV (₹)Income (₹ Cr)
Waaree Energies
Premier Energies
Inox Wind

Anchor Investors

Anchor investor bidding for Sadbhav Futuretech typically opens one working day before the issue opens to the public. Anchor investors — mutual funds, FIIs, sovereign wealth funds, and insurance companies — collectively subscribe to a portion of the QIB segment. Their participation signals institutional confidence. Anchor list and total amount will be updated once SEBI publishes the anchor filing.

Lead Managers (Merchant Bankers)

Book-Running Lead Managers (BRLMs) for Sadbhav Futuretech will be listed once confirmed in the Red Herring Prospectus. Lead managers oversee pricing, marketing, and underwriting — typically Kotak, ICICI Securities, Axis Capital, HDFC, SBI Caps, JP Morgan, or Citigroup.

IPO Registrar

The registrar for Sadbhav Futuretech IPO will be confirmed in the Red Herring Prospectus. The registrar handles allotment, refunds, and dematerialisation of shares.

Editorial Review

Sadbhav Futuretech filed DRHP with SEBI on 31 March 2026 for a mainboard NSE+BSE IPO — 2.55 crore fresh equity shares + ₹235 crore Offer for Sale. As of publication, exact rupee value of fresh issue, price band, and dates not yet announced. The three-segment solar EPC positioning is structurally well-supported by Indian policy framework. PM-KUSUM solar water-pumping programme targets 35+ lakh agricultural pumps over the multi-year deployment cycle — direct government-subsidised demand with state-level execution timelines. PM SuryaGhar rooftop solar programme targets 1 crore households for rooftop solar installation. Ground-mounted solar benefits from the 500 GW non-fossil capacity target. All three demand pipelines have multi-year visibility. What's working: three-segment positioning (water pumps + rooftop + ground-mount) hedges single-segment cycle risk; PM-KUSUM, PM SuryaGhar, and 500 GW target all provide policy-backed multi-year demand visibility; fresh-issue + OFS combination signals both growth-capital deployment and existing-shareholder partial monetisation; mainboard NSE+BSE listing planned. What's concerning: substantial public-data gap — exact rupee value of fresh issue, price band, dates, lead manager, registrar, anchor list, customer-concentration, and detailed financials not surfaced in publicly fetched sources at publication; competitive intensity rising in Indian solar EPC — Waaree, Premier Energies, Tata Power Solar, and many regional solar-EPC operators all expanding; project-execution cycle lumpiness — EPC milestone-based accounting creates quarterly revenue volatility; state-discom + government-subsidy receivable-cycle dependency. Subscribe pre-RHP. Three-segment solar EPC positioning + structural policy tailwinds (PM-KUSUM + PM SuryaGhar + 500 GW target) + mainboard scale create credible thesis. Wait for full RHP with capacity numbers, customer-concentration, and financial granularity. Compare against Waaree Energies and Premier Energies multiples when announced. Sizing moderate (5-10% of clean-energy thematic bucket) given competitive expansion across all Indian solar listings.

How to Apply for Sadbhav Futuretech IPO

  1. Open broker app — Zerodha, Upstox, Angel One, Groww, 5paisa, ICICI Direct, or any other SEBI-registered broker. Navigate to the IPO section.
  2. Select Sadbhav Futuretech IPO during the bidding window ().
  3. Enter bid details — minimum TBA shares per lot. Retail investors are recommended to bid at cut-off price (upper band).
  4. Submit UPI ID linked to a SEBI-approved bank.
  5. Approve UPI mandate from your UPI app within the deadline. Bid amount is blocked, not debited.
  6. Await allotment on .
  7. Listing day — shares list on Both on .

Risk Factors

1. Substantial public-data gap on issue parameters and financials. 2. Solar EPC competitive intensity rising — Waaree, Premier, Tata Power Solar, regional operators all expanding. 3. Project-execution cycle lumpiness — EPC milestone-based accounting creates quarterly revenue volatility. 4. State-discom + government-subsidy receivable-cycle dependency. 5. Policy-cycle dependency — PM-KUSUM, PM SuryaGhar subsidy rates can shift with government priorities.

Sadbhav Futuretech IPO — FAQs

What is Sadbhav Futuretech IPO?
Sadbhav Futuretech IPO is a mainboard initial public offering listing on Both. The issue opens on — and closes on — with a price band of TBA per share.
What is the Sadbhav Futuretech IPO price band?
The price band for Sadbhav Futuretech IPO is TBA per equity share of face value ₹10 (typical). Retail investors are recommended to bid at the upper band (cut-off price).
What is the Sadbhav Futuretech IPO lot size?
The minimum lot size for Sadbhav Futuretech IPO is TBA shares per application. Minimum retail investment at the upper price band works out to approximately TBA.
When is the Sadbhav Futuretech IPO opening date?
Sadbhav Futuretech IPO opens for subscription on — and closes on —.
When is the Sadbhav Futuretech IPO allotment date?
Basis of allotment is expected on —. Check your status on the registrar's website using your PAN.
When is the Sadbhav Futuretech IPO listing date?
Sadbhav Futuretech shares are expected to list on Both on —.
What is the GMP of Sadbhav Futuretech IPO?
GMP for Sadbhav Futuretech is not currently tracked.
Who is the registrar of Sadbhav Futuretech IPO?
The registrar is handling allotment, refunds, and dematerialisation for Sadbhav Futuretech IPO.
How can I apply for Sadbhav Futuretech IPO?
Apply via any SEBI-registered broker (Zerodha, Upstox, Angel One, Groww, 5paisa, ICICI Direct) during the open window. Use UPI mandate or ASBA for fund blocking. Bid at cut-off for retail category.
What is the minimum investment?
Minimum retail investment is approximately TBA (1 lot × TBA shares at upper band).
Should I apply for Sadbhav Futuretech IPO?
Whether to apply depends on your goals, risk appetite, and the company's fundamentals. Review the RHP, compare valuation with peers, and consult a SEBI-registered advisor.
What happens if my allotment fails?
Bid amount blocked via UPI/ASBA is released back within 24-48 hours. Apply through multiple family demat accounts to improve odds on oversubscribed issues.

Information shown is for educational purposes and does not constitute investment advice. GMP values are unofficial estimates from informal grey market sources. Please read the offer document (Red Herring Prospectus) carefully before investing.

Data sourced from NSE, BSE, the issue's registrar, and public filings. BasicFintech is not affiliated with the issuing company, its underwriters, or the exchanges.

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