Photonics Watertech Limited Files DRHP for SME IPO on NSE Emerge
Photonics Watertech Limited, a Gandhinagar-based company providing end-to-end services in LED lighting, solar EPC, water infrastructure, and automation, has filed its Draft Red Herring Prospectus (DRHP) with the NSE EMERGE platform on June 30, 2026, for its proposed Small and Medium Enterprise (SME) Initial Public Offering (IPO).
The IPO comprises a fresh issue of up to 65,00,000 equity shares with a face value of ₹10 each and an offer for sale aggregating up to ₹1,000.00 lakh. The company aims to raise funds for capital expenditure on plant and machinery, working capital requirements, and general corporate purposes.
Objects of the Issue
The proceeds from the IPO will be utilized for: 1) funding capital expenditure for the purchase of plant and machinery equipment, 2) meeting working capital requirements, and 3) general corporate purposes, as detailed in the DRHP.
Book Running Lead Managers and Registrar
Goldmine Stocks Private Limited and Valmiki Leela Capital Private Limited have been appointed as Book Running Lead Managers (BRLMs) for the issue. KFin Technologies Limited will act as the Registrar to the offer.
Financial Performance
For the nine-month period ended December 31, 2025, Photonics Watertech Limited reported Revenue from Operations of ₹4,134.33 lakh, EBITDA of ₹1,135.50 lakh, and Profit After Tax (PAT) of ₹752.80 lakh.
About Photonics Watertech Limited
The company was originally incorporated as "Photonics Watertech Private Limited" on April 22, 2011, under the Companies Act, 1956. It was converted into a public limited company on March 10, 2026, following a special resolution passed in an Extraordinary General Meeting held on March 3, 2026.
Photonics Watertech provides end-to-end services in four segments: LED-based lighting solutions (design, manufacture, supply, installation, testing, commissioning, and maintenance), Solar EPC (site specification, feasibility verification, design, supply, installation, testing, commissioning, and operation & maintenance), Water Infrastructure (engineering, procurement, assembly, consultation, operation, and maintenance, including groundwater recharging and water management), and Automation (smart techno projects like Smart Transport Nagar and EV charging infrastructure). The company caters to government sector clients, including institutional and public sector undertakings, as well as private sector customers.
With in-house design and engineering capabilities, Photonics Watertech offers a broad spectrum of products emphasizing quality, enabling business expansion both domestically and internationally. The company is committed to sustainability and customer satisfaction.
Disclaimer
The DRHP is available on the websites of NSE Emerge (www.nseindia.com), the issuer (www.photonicswatertech.com), and the BRLMs (Goldmine Stocks Private Limited at www.goldmine.co.in and Valmiki Leela Capital Private Limited at www.valmikileela.com). The document contains forward-looking statements subject to risks and uncertainties, including government actions, local political or economic developments, and technological risks. The company undertakes no obligation to publicly update these statements.
