Polite Powertech IPO Details

Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |

SEBI has approved the Initial Public Offer (IPO) of Polite Powertech Ltd. on July 31, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.

Polite Powertech Ltd. IPO is a Book Build Issue of 1.25 crore equity shares consisting of a fresh issue of upto 1.00 crore equity shares and an offer for sale (OFS) of upto 0.25 crore equity shares.

The equity shares are proposed to be listed on NSE and BSE. Arihant Capital Markets Ltd. is the book running lead managerand Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Polite Powertech IPO DRHP for more details.

IPO Details

IPO Date

[.]
Listing Date

[.]
Face Value

₹10 per share
Price Band
Lot Size
Sale Type

Fresh capital cum OFS
Issue Type

Bookbuilding IPO
Listing At

BSE, NSE

Total Issue Size

1,25,00,000 shares (agg. up to ₹[.] Cr)
Fresh Issue

1,00,00,000 shares (agg. up to ₹[.] Cr)
Offer for Sale

25,00,000 shares of ₹10 (agg. up to ₹[.] Cr)
Share Holding Pre Issue

3,40,29,512 shares
Share Holding Post Issue

4,40,29,512 shares

IPO DRHP Status

Description	Date
Filed with SEBI/Exchange	Wed, Mar 18, 2026
SEBI/Exchange approval received	Fri, Jul 31, 2026

Issue Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not less than 75% of the Net Offer
Retail Shares Offered	Not more than 10% of the Net Offer
NII Shares Offered	Not less than 15% of the Net Offer

About Polite Powertech Ltd.

Polite Powertech Limited is engaged in providing EPC services for power infrastructure, including design, supply, installation, testing, and commissioning of transmission, distribution, and renewable energy projects across India.

The company’s core expertise lies in the execution of high-voltage (“HV”) and extra-high-voltage (“EHV”) transmission lines, underground and overhead cabling networks, Solar EPC projects, Air-Insulated Substations (“AIS”) and Gas-Insulated Substations (“GIS”).

The company have successfully completed sixty-three (63) Underground cabling projects. As of December 31, 2025, they have twenty-four (24) Underground cabling projects with a basic contract value of ₹12,594.87 lakhs.

As of January 31, 2026, the company had ninety (90) permanent employees.

Competitive Strengths:

Strong Order Book
Experienced Leadership and Skilled Workforce
Robust Supply Chain Network
Client-Centric Execution

Company Financials (Restated)

(Amount in Crore)

Period Ended	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	120.55	88.31	26.41	0.01
Total Income	98.14	155.88	24.69
Profit After Tax	10.74	13.02	0.84
EBITDA	17.16	21.64	1.55
NET Worth	45.35	15.68	0.96
Reserves and Surplus	45.22	15.56	0.94	0.84
Total Borrowing	2.00	7.30	7.04

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Funding working capital requirements of the Company

100.00
2 General Corporate Purpose
Total

100.00

Key Performance Indicator (KPI)

KPI	Sep 30, 2025	Mar 31, 2025
ROE	35.19%	156.55%
ROCE	35.92%	94.75%
Debt/Equity	0.04	0.47
RoNW	23.68%	83.07%
PAT Margin	11.03%	8.37%
EBITDA Margin	17.64%	13.91%
NAV	14.21	6.50

IPO Valuation

Valuation Metric	Pre IPO	Post IPO
Market Cap at Offer Price	₹ Cr.	₹To be declared Cr.

Shareholding Structure

Category	Pre IPO		Post IPO
	Shares	%	Shares	%
Promoter and Promoter Group	3,03,20,800	89.1	–	–
Public	37,08,712	10.90	–	–
Total	3,40,29,512	100	4,40,29,512	100

Company Promoters: Karankumar Yogeshbhai Sukhadiya, Snehalben Yogeshbhai Patel and Yogeshkumar Narottambhai Patel.

Offer For Sale – Selling Shareholder

Name	Category	No. of Shares Offered	Estimated Amount (₹ cr.)
Yogeshkumar Narottambhai Patel	Promoter	25,00,000	–
Total		25,00,000	0.00

*Estimated Amount (₹ cr.) shown until the actual number of shares offered in OFS is entered.

IPO Registrar

Kfin Technologies Ltd.

040-79615565
polite.ipo@kfintech.com
Visit Website

IPO Lead Manager(s)

Arihant Capital Markets Ltd. (Past IPO Performance)
Valmiki Leela Capital Pvt.Ltd. (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Polite Powertech Ltd. Address

5th Floor, 502, Pragati Tower,

Pragati Corporation, Near Daxewar Mandir,

Bhedwad, Pandesara,

Surat, Gujarat, 394221

+91 84888 65155
compliance@politepowertech.com
Visit Website

IPO FAQs

What is the Polite Powertech IPO?

Polite Powertech IPO is a main-board IPO of 1,25,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Polite Powertech IPO open and close dates are not available as of now.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

How to apply in Polite Powertech IPO through Angel One?

Angel One customers can apply online in Polite Powertech IPO using UPI as a payment gateway. Angel One customers can apply in Polite Powertech IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Polite Powertech IPO through Angel One

Visit the Angel Onewebsite and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Polite Powertech IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

When Polite Powertech IPO will open?

The Polite Powertech IPO dates are not announced. Please check back again after some time.

What is the lot size of Polite Powertech IPO?

Polite Powertech IPO lot size and the minimum order quantity is not available at this time. Please check again later.

How to apply for Polite Powertech IPO?

You can apply in Polite Powertech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Polite Powertech IPO allotment?

The finalization of Basis of Allotment for Polite Powertech IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Polite Powertech IPO allotment status.

When is Polite Powertech IPO listing date ?

The Polite Powertech IPO listing date is not yet announced. The tentative date of listing is .