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Topsun Energy IPO is a Book Building IPO listing on BSE SME exchange, with an ipo size of ₹ [●] Cr. The company is based in Gandhinagar and caters to Solar sector. Interactive Financial Services is the merchant banker of Topsun Energy IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 15th September 2025.
IPO
Size:
₹ Cr.
Avg IPO Size (Sector Based)
: ₹
37.89 cr.
Sector: Solar
SME
IPO so far:
18
Merchant Banker:
Interactive Financial
SME
IPO by BRLM so far:
26
City:
Gandhinagar
SME
IPO so far:
17
Revenue (annualised):
₹
217.12
cr. 
PE
Ratio:
x
Average Sector PE Ratio: 19.74x
Topsun Energy IPO size is ₹ [●] with IPO price of ₹ [●]. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
| Particulars | Amount |
|---|---|
| Working Capital Requirements | 70.00 |
| General Corporate Purposes | [●] |
Interactive Financial Services Limited is the book-running lead manager of the Topsun Energy IPO. Bigshare Services Private Limited is the Registrar for Topsun Energy IPO.
Topsun Energy IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Topsun Energy IPO, based in Gandhinagar, operates in the Solar sector with a focus on Renewable energy sector, specializing in system integration and EPC of Solar Power Plants,. The company is launching its SME Upcoming IPO on the BSE SME exchange, using the Book Building Issue method. Topsun Energy IPO size is ₹ [●] with fresh issue size of ₹ 0 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Topsun Energy IPO is expected to be [●], after the finalization of basis of allotment. Investors can check Topsun Energy IPO allotment status on the registrars website, Bigshare Services Private Limited . Topsun Energy IPO refund dates are [●].
Topsun Energy IPO is expected to be listed on [●].
The upper price band for the Topsun Energy IPO is set at ₹ [●] per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Topsun Energy IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Topsun Energy IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of [●]. After submission, funds are blocked until the basis of allotment of Topsun Energy IPO is finalised.
The merchant banker for Topsun Energy IPO is Interactive Financial Services Limited . Interactive Financial Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Topsun Energy IPO RHP for further details.
The registrar for Topsun Energy IPO is Bigshare Services Private Limited . Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Topsun Energy IPO through their official website or helpline.
Topsun Energy IPO was subscribed [●] times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
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IPO
Size:
[●]
Avg IPO Size (Sector Based)
:
₹ 37.89 Cr.
Sector: Solar
SME
IPO so far:
18
Merchant Banker:
Interactive Financial
SME
IPO by BRLM so far:
26
City:
Gandhinagar
SME
IPO so far:
17
Revenue (annualised):
₹ 217.12 cr.
PE
Ratio:
[●]
Average Sector PE Ratio: 19.74x
Topsun Energy IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Topsun Energy Financial Review Page
Merchant Banker(s) of Topsun Energy IPO: Interactive Financial Services Limited
Topsun Energy IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Topsun Energy IPO listed at a listing price of against the offer price of .
The current market price of Topsun Energy is .
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