Ultravibrant Integrated Energy IPO: DRHP, Size, Financials
Jaipur-based Ultravibrant Integrated Energy Limited has filed its draft red herring prospectus (DRHP) with SEBI, dated 24 September 2026, for an initial public offering comprising a fresh issue of up to 1.20 crore equity shares and an offer for sale of up to 25 lakh shares by its promoter.
The company operates across the renewable energy project lifecycle — solar EPC, independent power production (IPP), operations and maintenance (O&M) — and has a growing focus on battery energy storage systems (BESS).
Ultravibrant Integrated Energy IPO details
| Detail | Information |
|---|---|
| Company | Ultravibrant Integrated Energy Limited |
| DRHP status | Filed with SEBI (dated 24 Sept 2026) |
| Fresh issue | Up to 1,20,00,000 equity shares |
| Offer for sale | Up to 25,00,000 equity shares by promoter Mr. Rajeshwer Singh |
| Total issue | Up to 1,45,00,000 equity shares |
| Face value | ₹10 per share |
| Issue size (₹) | Not yet announced (price band at RHP stage) |
| Listing | BSE and NSE (mainboard) |
| BRLM | Beeline Capital Advisors Private Limited |
| Registrar | MUFG Intime India Private Limited |
The OFS portion will see promoter Rajeshwer Singh sell part of his stake; the fresh issue proceeds will go to the company for working capital, debt repayment and general corporate purposes.
What the company does
Incorporated in June 2019, Ultravibrant Integrated Energy is an end-to-end integrated renewable energy solutions provider focused on solar power and BESS:
- EPC: Engineering, procurement and construction of ground-mounted and rooftop solar assets as well as utility-scale battery energy storage systems.
- IPP: Operates as a solar independent power producer with its own operational portfolio.
- O&M: Operations and maintenance services for solar plants, including third-party assets.
- BESS: Through an associate, it offers turnkey BESS solutions for commercial and industrial and open-access customers.
As of 31 August 2026, the company's EPC order book stood at approximately ₹654.51 crore. Its operational IPP portfolio comprised 31.25 MW AC / 39.90 MWp DC of solar installations, backed by a project pipeline of 37 MW AC solar capacity and a 50 MW / 200 MWh BESS order book. Its O&M book covered 31 projects aggregating 116.23 MWp.
Financials
For the financial year ended 31 March 2026 (FY26), the company reported:
| Metric | FY26 | Change vs FY25 |
|---|---|---|
| Revenue from operations | ₹383.99 crore | +58% YoY |
| EBITDA | ₹56.75 crore | — |
| Profit after tax (PAT) | ₹33.39 crore | +67% YoY |
Revenue from operations was ₹38,399.24 lakh, EBITDA was ₹5,675.08 lakh and PAT was ₹3,339.04 lakh, with revenue growing 58% and PAT 67% on a consolidated basis versus the year ended 31 March 2025.
Use of proceeds
The net proceeds from the fresh issue are proposed to be used for:
- Funding long-term working capital requirements of the company
- Prepayment or scheduled repayment, in full or in part, of certain outstanding borrowings
- General corporate purposes
Strengths and things to watch
What stands out:
- Full-stack solar play — EPC, IPP and O&M under one roof, with exposure to the fast-growing BESS segment
- Strong growth: 58% revenue growth and 67% PAT growth in FY26
- Healthy order visibility: EPC order book of ~₹654.51 crore against FY26 revenue of ~₹384 crore
What to watch:
- There is no price band, lot size or issue dates yet — those are fixed only at the RHP stage after SEBI's observations, so valuation cannot be assessed now
- Working-capital intensity is typical of EPC businesses; investors should check receivables and debtor days in the final prospectus
- Competition in solar EPC is intense, with margins sensitive to project execution and commodity costs
For context on similar filings, see our coverage of the Vishakha Renewables IPO (solar components, ₹1,250 crore fresh issue DRHP) and the Inox Clean Energy IPO (₹10,000 crore renewable platform DRHP).
FAQs
When is the Ultravibrant Integrated Energy IPO opening?
No dates have been announced. The company has only filed its DRHP; SEBI must review the draft and issue observations before a price band and dates are set.
What is the Ultravibrant Integrated Energy IPO size?
The IPO will offer up to 1.45 crore equity shares — up to 1.20 crore shares in a fresh issue and up to 25 lakh shares in an offer for sale by promoter Rajeshwer Singh. The rupee size is not yet known.
Where will Ultravibrant Integrated Energy shares list?
The shares are proposed to be listed on BSE and NSE.
Who are the lead managers to the Ultravibrant Integrated Energy IPO?
Beeline Capital Advisors Private Limited is the book running lead manager, and MUFG Intime India Private Limited is the registrar to the offer.
What does Ultravibrant Integrated Energy do?
It is a Jaipur-based integrated renewable energy company offering solar EPC, IPP, O&M services and battery energy storage (BESS) solutions.
Conclusion
Ultravibrant Integrated Energy's DRHP adds another solar-plus-storage name to India's IPO pipeline at a time when renewable EPC and BESS capacity are drawing strong market interest. The filing stage is still early — with no price band, lot size or dates, this is one to watch for SEBI's observations and the RHP. We'll update this coverage when the price band is announced.
This article is for information only and is not investment advice. All figures are from the company's DRHP filed with SEBI, dated 24 September 2026; issue size, price band and dates will be known only at the RHP stage.