Rotomag Enertec Limited is a design-focused industrial & solar products manufacturer, producing DC motors, solar-powered pumps and photovoltaic inverters used across plastics, textiles, renewable energy and heavy industries. The company operates from six manufacturing facilities across India, serving diverse B2B & B2G segments.
Rotomag Enertec exports it’s products to over 20 countries globally and installed solar pumping systems across multiple Indian states, serving industrial, agricultural and renewable energy segments. It holds an estimated ~16.72% share of solar pump installations in India under recent government schemes, positioning it as a significant player in the solar pump market.
Rotomag Enertec Limited has filed DRHP with SEBI for a proposed IPO with an issue size of ₹ 500 Crore + 2.4 Cr Equity Shares consisting as Fresh Issue of ₹ 500 Crore and Offer for Sale (OFS) ~2.4 Cr Equity Shares.
Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.