IPO Details
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IPO Size
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Schedule of Integrum Energy Infrastructure IPO
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End date
Allotment of bids
Refund Initiation
Listing on exchange
About Integrum Energy Infrastructure IPO
The IPO of Integrum Energy Infrastructure Ltd comprises a fresh issue of up to 49,50,000 equity shares. It also has an offer for sale consisting of up to 5,40,000 equity shares. It’s a 100% book-built offer. The price band and the lot size are TBA.
The listing of the shares will take place on TBA. The credit of shares to the demat account will take place on TBA. The basis of allotment will take place on TBA. The initiation of refunds will take place on TBA.
Objectives of Integrum Energy Infrastructure IPO
- Investment in subsidiary i.e. Integrum Green Assets Private Limited for financing the establishment of a 2MWp Solar Plant
- Funding working capital requirement of the company
- Funding expenditure for inorganic growth through acquisitions and other strategic initiatives and general corporate purposes
Integrum Energy Infrastructure IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band | TBA |
Fresh Issue | Up to 49,50,000 equity shares |
Offer for Sale | Up to 5,40,000 equity shares |
Diluted EPS in ₹ in FY 24 | 10.09 |
Integrum Energy Infrastructure IPO Share Offer and Subscription Details
| Investor | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net offer |
Non-institutional Applicants | Not less than 15% of the net offer |
Retail Individual Investors | Not less than 35% of the net offer |
Industry Outlook
As of 31st August 2024, renewable energy sources, including biomass, waste to power and waste to energy, have a combined installed capacity of 152.7 GW. India has set a target to reduce the carbon intensity of the nation’s economy by less than 45% by the end of the decade, achieve 50% cumulative electric power installed by 2030 from renewables, and achieve net-zero carbon emissions by 2070. Low-carbon technologies could create a market worth up to $80 billion in India by 2030.
Company Information
Integrum Energy Infrastructure Ltd is engaged in the business of creating, developing and providing differentiated renewable energy solutions to its industrial and commercial clients, deploying, in particular, solar, wind and hybrid installations that enable customers to minimise both their energy cost and carbon footprint.
The company designs, installs and operates renewable hybrid systems that combine wind and solar technologies to meet specific client needs.
Strengths of Integrum Energy Infrastructure
Expertise in Wind Solar Hybrid Energy Plants
Integrum Infrastructure Ltd specialises in the integration of wind and solar power to develop highly efficient hybrid energy systems. By combining these two renewable sources, it ensures consistent energy production that remains reliable in the face of varying weather conditions.
This dual approach allows it to provide its clients with a robust and sustainable power solution that mitigates the limitations inherent in single-source energy systems.
Comprehensive Service Offering
Integrum provides a comprehensive range of services designed to deliver a seamless, end-to-end experience for its clients. From initial consultation, undertaking analytics and system design to installation, maintenance, and ongoing support, its all-inclusive service model ensures that every phase of the project is managed with precision.
By handling every aspect of the energy solution in-house, it eliminates the need for clients to coordinate with multiple vendors, which streamlines the process and maintains high standards of consistency and quality throughout the project lifecycle.
Technological Innovation
Prioritising the adoption of advanced technologies, sophisticated energy management systems, and predictive analytics significantly enhances the efficiency and reliability of renewable energy solutions. It enables clients to maximise their sustainability objectives with highest savings.
Risks of Integrum Energy Infrastructure IPO
- Fast-evolving Dynamic Industry :
Integrum Energy Infrastructure is at a nascent stage in a fast-evolving dynamic industry. If its renewable energy solutions do not gain market acceptance, its operating results may be negatively affected. If it’s unable to develop new or sufficiently differentiated energy systems, enhance its support services in a timely manner, or effectively position and price its solutions to meet market demands — including in response to new energy standards — clients may not adopt its offerings.
- Failure to Acquire New Customers :
If the company fails to acquire new consumers or fails to do so in a cost-effective manner, it may not be able to increase revenue or maintain profitability. Rising competition has increased the cost of client acquisition in some segments of its market, and there’s a risk that these expenses may outweigh the returns.
- Unable to Estimate Costs :
The company may be unable to accurately estimate costs under fixed-price EPC contracts, or fail to maintain the quality and performance guarantees under its EPC contracts, or may experience delays in completing the construction of solar or wind power projects, that may increase its construction costs and working capital requirements and thus may have a material adverse effect on its financial condition, cash flow and results of operations.
Integrum Energy Infrastructure IPO Financials
Peer Comparison
| Company Name | EPS in ₹ | Return on Net Worth (in %) | NAV Per Share (in ₹) |
|---|---|---|---|
Integrum Energy Infrastructure Ltd | 10.09 | 52.98 | 19.05 |
Oriana Power Ltd | 33.93 | 36.47 | 78.81 |
IPO Registrar and Book Running Lead Manager
- IPO Registrar: Integrated Registry Management Pvt Ltd
- Book Running Lead Manager: Beeline Capital Advisors Pvt Ltd
Business Model
The service offerings of Integrum Energy Infrastructure Ltd include:
- Design and installation of customised standalone and hybrid wind-solar systems on end-to-end basis
- Advanced analytics for energy sourcing optimisation, aligned with customer’s load profiles
- Comprehensive asset management for monitoring and maintaining energy assets over their life cycle
Its comprehensive approach ensures that clients receive tailored, cutting-edge energy solutions that minimise their carbon footprint and maximise their energy procurement cost savings, operational effectiveness and environmental benefits.
Company Growth Trajectory
The revenue from operations of Integrum Energy Infrastructure Ltd grew from ₹172.0153 crores in FY 22 to ₹233.2407 crores in FY 24. Its PAT increased from ₹12.3860 crores in FY 22 to ₹15.1519 crores in FY 24. The company’s promoters and Managing Director have significant industry experience and have been instrumental in the consistent growth of the company.
Market Position
Integrum Energy is dedicated to driving the adoption of renewable energy through innovative, integrated solutions that deliver exceptional value and performance for its clients. The company is now expanding its solutions by targeting central public sector undertakings for their unique requirements and enlarging its geographic footprint by entering new states such as Rajasthan.
Integrum Energy Infrastructure IPO Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crores) | 234.12 | 71.73 | - |
Profit Before Tax (in ₹ crores) | 20.38 | 1.38 | - |
Profit After Tax (in ₹ crores) | 15.14 | 1.04 | 12.38 |
EBITDA (in ₹ crores) | 20.75 | 1.58 | 16.66 |
EPS in ₹ | 10.09 | 0.69 | - |
Integrum Energy Infrastructure IPO Cash Flow Statement
| Parameter | FY 24 | FY 23 |
|---|---|---|
Profit Before Tax (in ₹ crores) | 20.38 | 1.38 |
Net Cash Generated / (Used) from Operating Activities (in ₹ crores) | -0.79 | -14.35 |
Net Cash Flow Generated/(Used) from Investing Activities (in ₹ crores) | 2.62 | -6.89 |
Net Cash Flow Generated/(Used) from Financing Activities (in ₹ crores) | -0.81 | 0.29 |
Cash & Bank Balances at the End of the Year (in ₹ crores) | 1.23 | 0.22 |
How to Apply for the Integrum Energy Infrastructure IPO?
Visit the Registrar’s Website
- Visit the official website of Integrated Registry Management Services Pvt Ltd
- Click on ‘Registrar to Issues & STA’ under services
- Click on IPO / Rights Issue / Allotment/ BuyBack / Entitlement Status
- Select IPO under ‘Allotment Option’ and choose the company name under ‘Select Company’
- Enter either your ‘Application Number’ or ‘PAN Number’ or ‘DPID or Client ID’
- Enter captcha and click on ‘Submit’ to know the status
Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:
- Choose the Issue Type
- Select the Issue Name from dropdown
- Put in either your application number or PAN number
- Check the box ‘I’m not a robot’
- Click on ‘Search’ to know allotment status
How to Apply for the Integrum Energy Infrastructure IPO?
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Integrum Energy Infrastructure IPO FAQs
Where can I read more about Integrum Energy Infrastructure business?
You can read more about Integrum Energy Infrastructure and its IPO from the company’s red herring prospectus (RHP) here.
What is the Integrum Energy Infrastructure IPO?
The Integrum Energy Infrastructure Ltd IPO comprises a fresh issue of up to 49,50,000 equity shares and an offer for sale consisting of 5,40,000 equity shares.
When will the IPO of Integrum Energy Infrastructure IPO go live?
The exact dates of the IPO are not known
