Upcoming IPO: Polite Powertech Ltd is planning to list its shares on the bourses. The company has filed its Draft Red Herring Prospectus (DRHP) with the capital market regulator SEBI to seek its approval to raise funds via IPO.

Once SEBI grants its approval, the deck will be cleared for Polite Powertech to move ahead with its IPO plan, and the company will then announce the price band.

Polite Powertech Ltd is an integrated power infrastructure EPC company.

As per the DRHP, Polite Powertech's upcoming IPO will comprise a fresh issue of 1 crore equity shares. Besides, it will also have an OFS of 25 lakh equity shares.

Polite Powertech has said that funds raised via the fresh issue will be utilised for funding working capital requirements of the company and general corporate purposes.

Polite Powertech had reported a revenue from operations increasing sharply from nil in FY2023 to Rs 24.65 crore in FY2024 to Rs 155.63 crore in FY2025, and further reaching Rs 97.32 crore in H1 FY26.

Arihant Capital Markets Limited and Valmiki Leela Capital Private Limited are the book-running lead managers (BRLMs) to the offer. The equity shares are proposed to be listed on NSE and BSE.

Polite Powertech is engaged in the design, supply, installation, testing, and commissioning of power transmission, distribution, and renewable energy projects.