Integrum Energy Infrastructure has secured approval from the Bombay Stock Exchange (BSE) for its Draft Red Herring Prospectus (DRHP), marking a significant step forward in its journey toward launching an initial public offering (IPO).
The IPO proceeds will be strategically allocated to support the company’s working capital needs, invest in its subsidiary—Integrum Green Assets—for the development of a solar power plant serving commercial and industrial (C&I) customers under long-term power purchase agreements (PPAs), pursue inorganic growth through acquisitions and strategic initiatives, and address general corporate requirements.
As a provider of renewable energy solutions, Integrum offers customised wind-solar hybrid systems, advanced energy sourcing analytics, and end-to-end asset management services—all designed to help clients lower energy costs and reduce carbon emissions. The upcoming IPO is set to fuel Integrum’s expansion and reinforce its commitment to delivering clean, efficient, and sustainable energy solutions across India’s C&I sector.
News by Rahul Yelligetti.