Aegeus Technologies IPO
Aegeus Technologies LtdSME
This IPO has listed.
- Open date
- 4 Aug 2026
- Close date
- 6 Aug 2026
- Min. Investment
- ₹2,52,000
- Lot Size
- -
- Fresh Issue
- ₹23.71 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers23.88x
- Non-Institutional Investors23.25x
- Retail-Individual Investors25.59x
- Total24.33x
Schedule
- Completed: IPO open date4 Aug 2026
- Completed: IPO close date6 Aug 2026
- Completed: Allotment date7 Aug 2026
- Completed: Funds unblock or debit7 Aug 2026
- Completed: Tentative listing date11 Aug 2026
About
Promoter shareholding in Aegeus Technologies Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Suraj Vernekar'D | 26,40,290 | 43.17% | 26,40,290 | 31.53% |
| Roopa Vernakar | 5,616 | 0.09% | 5,616 | 0.07% |
| Nishith Rameshchandra Shah | 13,14,212 | 21.49% | 13,14,212 | 15.69% |
Financials of Aegeus Technologies IPO
| Key Performance Indicators | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating Revenue | - | - | - |
| Other Income | - | - | - |
| Total Income | 15.27 | 21.89 | 40.94 |
| Total Expenses | 14.36 | 20.00 | 35.81 |
| Profit Before Tax | - | - | - |
| Total Profit | 0.93 | 1.39 | 4.02 |
Aegeus Technologies IPO Strengths & Risks
- Designing and execution capabilities.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our consumers.
- Quality assurance and control.
- Risks Relating to the Business: We depend on a limited number of customers for a significant portion of our revenues. The loss of a major customer or significant reduction in demand from any of our major customers may adversely affect our business, financial condition, results of operations and profitability.
- Risks Relating to the Business: Unpredictable soiling patterns, seasonal variations and extreme weather events could materially and adversely affect the company's business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: Manufacturing or quality control issues in the company's products could adversely affect its business and reputation.
- Risks Relating to the Business: Limited market adoption of robotic solar panel cleaning solutions and uncertainty regarding industry maturity.
- Risks Relating to the Business: Rapid technological change and risk of obsolescence in robotic cleaning solutions.
- Risks Relating to the Business: There are outstanding legal proceedings involving our Company as well as our promoter/promoter group, Key Managerial personel (KMPs) and Senior Manager Personel . Any adverse outcome on such proceedings may affect our business, financial condition and reputation.
- Risks Relating to the Business: Dependence on timely completion of land acquisition and construction for capacity expansion.
- Risks Relating to the Business: Our Top 10 Suppliers contribute a significant portion of our raw material Any dispute with one or more of them may adversely affect our business operations.
- Risks Relating to the Business: Under-utilization of our current manufacturing facility and any inability to effectively utilize our manufacturing capacity could have an adverse effect on our business, future prospects and financial performance.
- Risks Relating to the Business: Risks related to allocation of net proceeds towards product development.
- Risks Relating to the Business: A significant portion of the company's revenue is derived from the unicorn smart product.
- Risks Relating to the Business: Our Company requires significant amount of working capital for a continuing growth. Our inability to meet our working capital requirements may adversely affect our results of operations.
- Risks Relating to the Business: Our company's property used as its Registered offices and factory for the purpose of its operations is not owned by us. Any termination of the relevant lease agreements could adversely affect our operations.
- Risks Relating to the Business: We had negative cash flows from operating, investing and financing activities as per the restated financial statements in the past and may continue to have negative cash flows in the future.
- Risks Relating to the Business: Our recent revenue and profitability growth may not be sustainable, and any adverse changes in market conditions, supplier arrangements or costs could adversely affect our financial performance.
- Risks Relating to the Business: Our Company is dependent on third parties for the supply of raw materials required for our products and is exposed to risks relating to fluctuations in prices and shortage of raw materials. Further, we do not have any long-term supply agreements with the raw material providers.
- Risks Relating to the Business: Reliance on key promoters, senior management, and technical personnel for business continuity.
- Risks Relating to the Business: The Pre-IPO shareholding of our promoters and promoter group is 64.75% and the post-IPO shareholding will remain 47.29%. The market's perception of their reduced shareholding may impact the valuation and liquidity of their shares.
- Risks Relating to the Business: We do not have long-term arrangements with online platforms, event organizers, or other marketing partners, which may affect the continuity and effectiveness of our marketing initiatives.
- Risks Relating to the Business: Our Company have made delays/Non-Compliance with certain statutory provisions of the Companies Act, 2013 and Foreign Exchange Management Act, 1999. Such delayed filings/Non-Compliance may attract penalties and prosecution against the Company and its directors, which could impact the financial position of the Company to that extent.
- Risks Relating to the Business: Our Company may incur penalties or liabilities for non-compliance with certain provisions of the GST Act, Income Tax and other applicable laws in the last 5 years.
- Risks Relating to the Business: The Company has entered into certain related party transactions in the past and may continue to do so in the future.
- Risks Relating to the Business: Our Company has obtained unsecured loans amounting to Rs. 531.33 Lakhs on the basis of restated consolidated financial statements that may be recalled by the lenders at any time.
- Risks Relating to the Business: We may not be able to prevent infringement or unauthorized use of our trademarks and patents, which could dilute our competitive advantage and adversely affect our business, results of operations, and financial condition.
- Risks Relating to the Business: Our insurance coverage in connection with our business may not be adequate and may adversely affect our operations and profitability.
- Risks Relating to the Business: Our Company's operation and growth is dependent upon successful implementation of our business strategies.
- Risks Relating to the Business: Cybersecurity threats continue to increase in frequency and sophistication. A successful cybersecurity attack could interrupt or disrupt our information technology systems, softwares, websites, applications or cause the loss of confidential or protected data, which could disrupt our business, force us to incur excessive costs or cause reputational harm.
- Risks Relating to the Business: In addition to normal remuneration, other benefits and reimbursement of expenses, some of our directors (including our Promoters) and Key Management Personnel are interested in our Company to the extent of their shareholding and dividend entitlement in our Company.
- Risks Relating to the Business: If we fail to maintain an effective system of internal controls, we may not be able to successfully manage or accurately report our financial risk.
- Risks Relating to the Business: None of our company's Board of Directors does not have experience of listed companies.
- Risks Relating to the Business: Expansion into new market segments and diversification of our products and services may expose us to operational challenges and may adversely affect our growth and profitability.
- Risks Relating to the Business: Fluctuation of Interest rate may adversely affect the Company's business.
- Risks Relating to the Business: Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S. GAAP, which may be material to investors' assessments of our financial condition, result of operations and cash flows.
- Risks Relating to the Business: Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- Risks Relating to the Business: Our Company is subject to foreign exchange control regulations which can pose a risk of currency fluctuations.
- Risks Relating to the Business: Our Company's operation and growth is dependent upon successful implementation of our business strategies.
- Risks Relating to the Business: The Company has not paid any dividends in the past 3 financial years and its ability to pay dividends in the future may be affected by any material adverse effect on the company's future earnings, financial condition or cash flows.
- Risks Relating to the Business: Our business operations are significantly dependent on the continued involvement of our Promoters, senior management, and other key personnel. The loss of any of these individuals, or our inability to attract and retain qualified and experienced professionals, could adversely impact our business performance, results of operations, financial condition, and cash flows.
- Risks Relating to the Business: This Red Herring Prospectus contains information from third parties, including an industry report prepared by an independent third-party research agency, Infomerics Analytics and Research Private Limited, which we have commissioned and paid for purposes of confirming our understanding of the industry exclusively in connection with the Offer.
- Risks Relating to the Business: The company could be harmed by employee misconduct, errors, fraud, theft, misbehaviour, negligence, or data theft, which are difficult to detect, and any such incidents could adversely affect its financial condition, results of operations, and reputation.
- Risks Relating to the Business: Absence of directly comparable listed peers may limit the relevance of industry comparisons used for valuation and investor analysis.
- Risks Relating to the Business: Changes in privacy and data protection laws could result in claims and may adversely affect the company's business, financial condition, and growth prospects.
- Risks Relating to the Business: The equity shares may be delayed in listing or may not be listed on the SME platform of BSE Limited, which could adversely affect the liquidity of the equity shares.
- Risks Relating to the Business: The Company's future funding requirements, in the form of further issue of capital or other securities and/or loans that might be availed by it, may turn out to be prejudicial to the interest of the shareholders depending upon the terms and conditions on which they are raised.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company's Promoters is lower than the issue price.
- Risks Relating to the Business: The company is subject to certain covenants under its borrowing arrangements, and any breach of these covenants may adversely affect the company's business, financial condition, and operations.
- Risks Relating to the Business: The company's present promoters are first-generation entrepreneurs and their limited experience in managing a listed company may adversely affect its business and growth prospects.
- Risks Relating to the Business: The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the issue proceeds may delay the implementation schedule.
- Risks Relating to the Business: Compliance with public listing requirements and increased regulatory scrutiny may strain the company's resources and adversely affect its business operations.
- Risks Relating to the Business: The company's independent directors does not possess educational qualifications relevant to its business operations, which may affect their ability to provide effective oversight.
