Ultravibrant Integrated Energy Ltd, a Jaipur-based integrated renewable energy solutions provider, filed its DRHP with SEBI on September 24, 2026 (reported October 1–2). The IPO comprises a fresh issue of up to 1.2 crore equity shares and an offer for sale of up to 25 lakh shares by promoter selling shareholder Rajeshwer Singh — 1.45 crore shares in total, face value ₹10.
The business spans solar plus battery energy storage (BESS) as an IPP, with EPC and O&M services — the full-stack renewables playbook. Proceeds are slated for long-term working capital, debt prepayment and general corporate purposes. The book-running lead manager is Beeline Capital Advisors, with MUFG Intime India as registrar.
BESS is the connective tissue of India's renewable buildout — solar without storage can't solve evening peak demand, and integrated players who both own and operate assets are increasingly the ones winning capacity.
Why it matters for founders
For renewable-energy founders: Ultravibrant's filing is another data point that solar-plus-storage is the fundable combination right now. Working capital and debt prepayment as use of proceeds is the conservative, credible shape — markets are rewarding de-risked renewables stories.
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