Sadbhav Futuretech Files Draft IPO Papers with SEBI

Sadbhav Futuretech Files Preliminary Papers for Initial Share Sale

Haryana-based solar water pumping solutions provider Sadbhav Futuretech has taken a significant step towards raising funds via an initial public offering (IPO). The company has filed preliminary papers with the Securities and Exchange Board of India (SEBI) to raise funds through the issuance of equity shares.

According to the Draft Red Herring Prospectus (DRHP) filed on March 31, the IPO will consist of the issuance of 2.55 crore equity shares and an offer-for-sale of shares worth up to Rs 235 crore by existing shareholders. The sale will involve promoters Saikat Roy, Bhupender Singh, Bettericon Consultancy, Neelam Jain, and other individuals.

Sadbhav Futuretech was incorporated in 2020 and offers engineering, procurement, and construction (EPC) services for solar power projects with a focus on solar water pumping, rooftop solar, and ground-mounted solar systems. The company has a significant installed capacity of 171.68 MW, including 171.53 MW of solar water pumping systems and 0.15 MW of rooftop solar systems. As of the DRHP, Sadbhav Futuretech has one EPC contract and has received two Letters of Intent for the installation of ground-mounted solar systems of 120 MW.

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The company's business is heavily reliant on solar water pumping systems, with almost 97-98 percent of its revenue coming from this segment. In the April-September period of the financial year 2025-26, Sadbhav Futuretech recorded a profit of Rs 40.4 crore and revenue of Rs 274.3 crore. The company's profit has grown significantly, increasing four-fold to Rs 30.8 crore in the fiscal 2025, up from Rs 7.7 crore in the previous year. Revenue also increased by 126 percent to Rs 302 crore from Rs 133.7 crore in the same period.

The merchant banker for managing the Sadbhav Futuretech IPO is Beeline Capital Advisors.