Aegeus Technologies IPO
ListedSME
29.91×
Subscribed
Price band
₹105 – ₹105
Issue size
₹23.71 Cr
Open – close
04 Aug 2026
to 06 Aug 2026
Listing
11 Aug 2026
Listing gain
+18.57%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Strong5 of 7 dimensions read
The disclosed numbers are strong — 5 of 5 signals read positive
Strength94/100
- Undemanding valuation16.0× earnings at the upper band, with no peer set published to compare against
- Strong revenue growthRevenue compounding at 63.7% across the reported years
- High return on equityROE of 26.1%
- Minimal related-party dealingsRelated-party transactions are only 4.5% of revenue
- Institutions bid heavilyQIB portion subscribed 23.88×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens04 Aug 2026
- Closes06 Aug 2026
- Listing11 Aug 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB23.88x
Non-institutionalNII / HNI48.05x
Big NIIabove ₹10L55.23x
Small NII₹2L – ₹10L33.69x
Retail individualRII25.59x
9,276 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 06 Aug 2026.
Chance of allotment
Retail25.59× subscribed
~1 in 25.6
Retail is 25.59× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 25.6 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII48.05× subscribed
~1 in 48.1
HNI is 48.05× subscribed. This category is allotted proportionately, so a bid receives roughly 1/48.1 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹105 – ₹105
Total issue size₹23.71 Cr
Listing atSME platform
Company & valuation
Return on equity26.09%
Related-party4.55%of revenue
ROCE24.75%
Debt/Equity0.77
RoNW29.93%
PAT Margin9.81%
EBITDA Margin15.82%
NAV25.18
Price to Book Value5.62
ISININE0WR901013
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB | 9,64,800 | 42.72% |
| Anchor Investor | 5,72,400 | 25.35% |
| QIB (Ex. Anchor) | 3,92,400 | 17.38% |
| NII (HNI) | 2,91,600 | 12.91% |
| bNII > ₹10L | 1,94,400 | 8.61% |
| sNII < ₹10L | 97,200 | 4.30% |
| Retail | 6,76,800 | 29.97% |
| Market Maker | 3,25,200 | 14.40% |
Total issue 22,58,400 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,52,0002 lots · 2,400 sh
Individual investors (IND) (Max)₹2,52,0002 lots · 2,400 sh
S-HNI (Min)₹3,78,0003 lots · 3,600 sh
S-HNI (Max)₹8,82,0007 lots · 8,400 sh
B-HNI (Min)₹10,08,0008 lots · 9,600 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
Anchor book
Shares allotted5,72,400
Anchor portion₹6.01 Cr
Bid date03 Aug 2026
Lock-in ends (50%)06 Sept 2026
Lock-in ends (rest)05 Nov 2026
Anchors are institutional money placed a day before bidding opens, against a lock-in. Those two dates are when that stock can first be sold — a supply event worth knowing if you still hold.
What the money is for
Stated use of the net proceeds
- 01Investment in Product Development₹2.86 Cr
- 02Funding Capital Expenditure towards Setting up of Manufacturing Facility through Purchase of Land and Civil Works₹5.74 Cr
- 03To meet out the expenses for Working Capital to fund business growth₹8 Cr
- 04General Corporate Purposes₹3.55 Cr
Financials
Restated figures as reported in the offer document, ₹ crore
| Period | Revenue | EBITDA | PAT | Net worth | Debt |
|---|---|---|---|---|---|
| 2024 | 15.274 | — | 0.929 | 5.833 | — |
| 2025 | 21.89 | — | 1.392 | 11.416 | — |
| 2026 | 40.937 | — | 4.018 | 15.401 | — |
Revenue CAGR 63.7%PAT CAGR 108.0%
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumThe Company depends on a limited number of customers for a significant portion of its revenues, with Top Ten customers accounting for 91.26% of revenue in the most recent financial year.
mediumUnpredictable soiling patterns, seasonal variations, and extreme weather events could materially and adversely affect the demand for robotic cleaning systems, AMC, and MCaaS.
mediumManufacturing or quality control issues in products, including defects, design flaws, or component failures, could adversely affect business and reputation.
Positives the filing discloses (2)
Strong revenue growth
Restated revenue CAGR of 63.7%.
Healthy return on equity
ROE of 26.1%.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
-2.2%
Listed up
1 of 8
Best
+0.4%
Papadmalji Agro Foods Limited
Worst
-17.5%
Himalayan Solar
Ravita Engineering Services Limitedsame segment
6.7× sub+0.0%
Vaibhav Vyapaar Limitedsame segment
3.1× sub-2.0%
R.K. Fashion Accessories Limitedsame segment
2.6× sub-2.4%
Eventions Limitedsame segment
2.3× sub-5.9%
Green Asia Impexsame segment
1.0× sub+0.0%
Papadmalji Agro Foods Limitedsame segment
2.5× sub+0.4%
Dudani Retailsame segment
1.4× sub-13.8%
Himalayan Solarsame segment
1.2× sub-17.5%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Aegeus Technologies IPO subscribed?
Aegeus Technologies is subscribed 29.91× overall (QIB 23.88×, NII 48.05×, retail 25.59×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar.
What are the chances of allotment in the Aegeus Technologies IPO?
The retail portion is subscribed 25.59×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 26. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.