Aegeus Technologies Ltd. designs and develops robotic and intelligent automation solutions for the solar energy sector. The company specializes in waterless robotic solar panel cleaning and Operations & Maintenance (O&M) solutions, leveraging AI, ML, Robotics, and IoT to improve solar plant efficiency, reduce operational costs, and optimize performance.
The company operates two manufacturing facilities in Bengaluru for designing, assembling, and testing robotic systems. Its key products include Unicorn, Unicorn R2R, and Shreem, which provide autonomous and semi-autonomous waterless robotic cleaning solutions for utility-scale and rooftop solar power plants.
Services:
- Complete Solar O&M: End-to-end operations and maintenance services, including preventive and corrective maintenance, performance monitoring, predictive maintenance, and overall plant optimization.
- Waterless Robotic Module Cleaning: Autonomous and semi-autonomous robotic cleaning solutions that improve energy generation by eliminating dust-related losses without using water.
- Predictive Maintenance & Remote Monitoring: AI and IoT-enabled monitoring platforms for real-time diagnostics, performance analytics, and predictive maintenance of solar assets.
- Vegetation Management & Site Security: Integrated robotic solutions for vegetation control, security surveillance, radar intrusion detection, and asset monitoring.
- Installation & Commissioning Support: Design, deployment, installation, testing, commissioning, operator training, and lifecycle maintenance support for robotic systems.
- Integrated Digital Solutions: Cloud-based monitoring, fleet management, energy analytics, SLA tracking, and software platforms that help optimize plant performance and operational efficiency.
As of June 30, 2026, the company had 55 employees on its payroll and 33 contractual employees supporting its operations.
Aegeus Technologies IPO – Details
| IPO Opening Date | 04 August 2026 |
| IPO Closing Date | 06 August 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 22,58,400 Shares Worth ₹23.71 Crore Fresh Issue: 22,58,400 Shares Worth ₹23.71 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 – ₹105 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Skyline Financial Services Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Aegeus Technologies IPO – Date Schedule
| IPO Open Date | 04 August 2026 |
| IPO Close Date | 06 August 2026 |
| Basis of Allotment | 07 August 2026 |
| Initiation of Refund | 10 August 2026 |
| Credit of Shares to Demat | 10 August 2026 |
| IPO Listing Date | 11 August 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 06, 2026 |
Aegeus Technologies IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,52,000 |
| Retail (Max) | 2 | 2400 | ₹2,52,000 |
| S-HNI (Min) | 3 | 3600 | ₹3,78,000 |
| S-HNI (Max) | 7 | 8400 | ₹8,82,000 |
| B-HNI (Min) | 8 | 9600 | ₹10,08,000 |
Competitive Strength
- Patented robotic technology.
- Comprehensive automation and O&M ecosystem.
- Strong research and development capabilities.
- Scalable and flexible business model.
- Experienced management and technical team.
Company Promoters
- Nishith Rameshchandra Shah
- Roopa Vernekar
- Suraj Vernekard
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹15.28 Cr | ₹14.36 Cr | ₹0.93 Cr | ₹4.16 Cr |
| 31 March 2025 | ₹21.90 Cr | ₹20.00 Cr | ₹1.39 Cr | ₹4.10 Cr |
| 31 March 2026 | ₹41.22 Cr | ₹35.80 Cr | ₹4.02 Cr | ₹11.93 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 29.93% |
| ROCE | 24.75% |
| Debt/Equity | 0.77 |
| RoNW | 29.93% |
| PAT Margin | 9.81% |
| EBITDA Margin | 15.82% |
| NAV | 25.18 |
| Price to Book Value | 5.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.57 | 4.80 |
| P/E (x) | 15.98 | 21.88 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Investment in Product Development. | ₹2.86 |
| Funding Capital Expenditure towards the Setting up of Manufacturing Facility through Purchase of Land and Civil Works. | ₹5.74 |
| To meet out the expenses for Working Capital to fund business growth. | ₹8.00 |
| General Corporate Purpose. |
✅Strengths
- Integrated robotic solar cleaning, Solar O&M, and AMC services.
- Strong service network with regional hubs and field support.
- Experienced management and engineering team.
⚠️Risks
- High dependence on the solar industry and related policies.
- Revenue concentration from a limited number of customers.
- Intense competition and rapid technological changes.
Aegeus Technologies IPO Promoter Holding
| Pre-Issue Share Holding | 64.75% |
| Post Issue Share Holding | – |
Aegeus Technologies IPO Prospectus
Company Contact Information
| Aegeus Technologies Limited No. 105, Harapanahalli Village, Jigani Hobli, Anekal Taluk, Bangalore Urban, Karnataka, 560105 Phone: 8810209970 Email: surbhi.sharma@aegeus.in Website: https://www.aegeustechnologies.com/ |
Aegeus Technologies IPO Registrar
| Skyline Financial Services Pvt. Ltd. Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Aegeus Technologies IPO Lead Manager(s)
| 1. Turnaround Corporate Advisors Pvt.Ltd. |
Aegeus Technologies IPO FAQ
| What is the Aegeus Technologies IPO? Aegeus Technologies IPO is an SME IPO. The issue is priced at ₹100 – ₹105 per equity share. The IPO is to be listed on BSE SME. |
| When will the Aegeus Technologies IPO open? The IPO is to open on 04 August 2026 for QIB, NII, and Retail Investors. |
| What is Aegeus Technologies IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Aegeus Technologies IPO Size? Aegeus Technologies IPO size is ₹23.71 Crore. |
| What are the Aegeus Technologies IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2400 Shares for ₹2,52,000, while the maximum bid is 2400 Shares for ₹2,52,000. |
| What is the Aegeus Technologies IPO Allotment Date? Aegeus Technologies IPO allotment date is 07 August 2026. |
| What is the Aegeus Technologies IPO Listing Date? Aegeus Technologies IPO listing date is 11 August 2026. The IPO is to be listed on the BSE SME. |
