The Sustainable and Affordable Energy for Life Industries Limited (SAEL) has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise around Rs 45.75 billion through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares of approximately Rs 37.50 billion. It also consists of an offer for sale by selling shareholders of about Rs 8.25 billion. Furthermore, listing of the equity shares is proposed on the BSE Limited and the National Stock Exchange of India Limited.
Earlier in September 2025, SAEL, through its subsidiary Sunfree Energy RJP1, commissioned a 200 MW solar power project in Jalore, Rajasthan.
Furthermore, in July 2025, SAEL, through its subsidiary Solar RE Power, commissioned a 50 MW ground-mounted solar power project in the Beed district of Maharashtra.
