*DRHP Link:*
Regreen-Excel EPC India Limited has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). Regreen-Excel EPC have grown to become the youngest manufacturer and supplier of Ethanol plants (Distillery, Sugar & Cogeneration, Bio Fuels, Zero Liquid Discharge Systems, and Renewable Energy) amongst the leading players in India as of March 31, 2024 (Source: F&S Report).
The company’s initial public offering comprises a fresh issue of up to ₹ 3,500 million and an offer for sale aggregating up to 11,450,380 equity shares by the promoter selling shareholders. An offer for sale of up to 11,450,380 equity shares, comprising up to 3,944,020 equity shares by Sanjay Shrinivasrao Desai , up to 1,501,272 equity shares aggregating by Tushar Vedu Patil, up to 1,501,272 equity shares by Alimuddin Aminuddin Sayyed, up to 1,501,272 equity shares by Kiran Sudhakar Gavali, up to 1,501,272 equity shares by Rokesh Luis Mascarenhas and up to 1,501,272 equity shares by Sagar Satish Raut (together the “promoter selling shareholders”).
The company proposes to utilize the net proceeds from fresh issue towards funding capital expenditure requirements of the company, repayment/pre-payment, in full or in part, of certain borrowings availed by the company, funding margin money requirements for the purpose of availing bank guarantees; and general corporate purposes.
IIFL Securities Limited and ICICI Securities Limited are the Book Running Lead Managers to the issue.
*About the company:*
Regreen-Excel EPC India Limited is a technology driven EPC Company, engaged in designing, manufacturing and supplying ethanol plants. Over the years, they have built end-to-end capabilities in setting-up ethanol plants, across feedstocks such as molasses/ sugarcane syrup, grains or a combination thereof (“Multi Feedstock”), which enables them to provide concept to commissioning solutions to their customers (Source: F&S Report). As of March 31, 2024, Regreen-Excel EPC India are the youngest manufacturer and supplier of ethanol plants amongst the leading players in India (Source: F&S Report).
Since the company’s inception to July 15, 2024, they have executed 113 Projects across various feedstocks, which consist of 53 molassesbased Projects, 57 grains-based Projects and three Multi Feedstock Projects which aggregate to over 14,000 KLPD of ethanol capacity. These 113 Executed Projects comprised supply of 44 distillers dried grains with solubles dryers (“DDGS Dryers”), nine biomass co-generation plants, and 27 water and wastewater zero liquid discharge (“ZLD”) plants. As of July 15, 2024, we have an Order Book of 64 Ongoing Projects worth ₹34,516.83 million, which aggregate to over 10,000 KLPD of ethanol capacity. The 64 Ongoing Projects are at various stages of execution, and comprise supply of 87 DDGS Dryers, 28 biomass cogeneration plants, and 42 water and wastewater ZLD plants as of July 15, 2024.
Regreen-Excel EPC India have a track record of executing projects across India and have also executed projects outside India, i.e. in Turkey and Thailand. As of July 15, 2024, they have executed projects in 17 states across Northern India, Southern India, Eastern India, Western India and Central India.
The company’s order book as of July 15, 2024 was 64 ongoing projects worth ₹34,516.83 million. Between April 1, 2024 to July 15, 2024, they had 15 Projects as new orders worth ₹10,462.49.
Regards, Adfactors PR, Ritesh Nandgaonkar, +91 9769245884
