Aegeus Technologies IPO Opens August 4; Price Band Fixed at ₹100-105

Aegeus Technologies, a Bengaluru-based company that builds robotic systems for cleaning solar panels, is set to launch its ₹23.71-crore SME initial public offering (IPO) on 4 August.

Investors can bid until 6 August, while anchor investors will get an opportunity to participate a day earlier on 3 August. The public issue comes after the company nearly tripled its annual profit and posted an 87% rise in revenue during FY26.

The Aegeus Technologies IPO is a completely fresh issue of 22.58 lakh equity shares. Aegeus Technologies has set the price band at ₹100-105 per share, which values the company at roughly ₹87.9 crore at the upper end of the band.

Key IPO Details At A Glance

What Does The Company Make?

Aegeus Technologies develops automation products for the solar power industry. Its robots are designed to clean solar panels without using water and also support operations and maintenance work. The company currently manufactures its products from two facilities.

Its product portfolio includes Unicorn, built for ground-mounted solar projects, and Shreem, meant for rooftop installations.

Where Will The IPO Money Go?

The proceeds from the fresh issue will fund the company’s next expansion phase. Out of the capital raised, ₹5.74 crore is allocated for establishing a new manufacturing facility, covering both land acquisition and construction. Another ₹2.86 crore will go toward developing new products, while ₹8 crore has been earmarked to meet working capital requirements. The remaining funds will be used for general corporate purposes.

The company's financial performance improved sharply in FY26. Revenue climbed to ₹40.9 crore from ₹21.9 crore in the previous year, while net profit rose to ₹4.02 crore from ₹1.4 crore, according to its draft red herring prospectus. In FY26, product sales generated 55% of the company's revenue, while services contributed the remaining 45%.

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