Polite Powertech IPO, Open Date, Issue Size, Price Band and DRHP Filed

Polite Powertech Limited, an electrical contracting and EPC services company based in Gujarat, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for its upcoming Initial Public Offering (IPO). The Polite Powertech IPO has started gaining attention among investors tracking upcoming SME IPOs in India, particularly in the infrastructure and electrical services segment.

The company is engaged in electrical EPC contracting and trading of electrical items, and its public issue marks a step in its growth journey.

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Polite Powertech IPO Date

·  Current Status: DRHP Filed with SEBI

Polite Powertech Limited filed its Draft Red Herring Prospectus (DRHP) with SEBI on March 18, 2026.

·  Expected Timeline: While the exact IPO opening dates have not been announced, the IPO process typically takes 4–6 months after regulatory approvals. The company has proposed to list its equity shares on both BSE and NSE, with the designated exchange to be announced later.

Key Dates to Watch

Polite Powertech IPO Size

As per the DRHP, Polite Powertech IPO comprises a combination of Fresh Issue and Offer for Sale (OFS).

• Fresh Issue: Up to 1,00,00,000 equity shares of face value Rs 10 each
• Offer for Sale (OFS): Up to 25,00,000 equity shares of face value Rs 10 each
• Total Offer Size: Up to 1,25,00,000 equity shares

Polite Powertech IPO Price Band

Price Band: To be announced

The price band and minimum bid lot will be finalised closer to the IPO opening date and disclosed in the Red Herring Prospectus (RHP). The issue will follow the 100% book-building process, with pricing determined based on investor demand.

About Polite Powertech

Polite Powertech Limited was originally incorporated in March 2023 as a private limited company and later converted into a public limited company in September 2025. The company is headquartered in Surat, Gujarat.

The company is engaged in electrical EPC (Engineering, Procurement, and Construction) contracting and trading of electrical items. It acquired the business of Patel Electricals, a proprietary firm established in 2006, as part of its expansion strategy.

Business Highlights:

• Market Position: Electrical EPC and contracting services company
• Core Business: EPC electrical contracting and trading of electrical products
• Business Expansion: Acquisition of Patel Electricals business
• Promoters: Yogeshkumar Narottambhai Patel, Karankumar Yogeshbhai Sukhadiya, Snehalben Yogeshbhai Patel
• Headquarters: Surat, Gujarat

Polite Powertech Consolidated Financials

(Amount in Rs Crore)

(Detailed financial statements are available in the Financial Information section of the DRHP.)

Conclusion

The Polite Powertech IPO represents a development in India’s SME IPO segment, particularly within the electrical EPC and infrastructure services space. With its DRHP filed, the company has initiated the process toward a public listing.

The company’s focus on electrical contracting and its recent business expansion may support its growth trajectory. However, investors may evaluate key factors such as financial performance, order book visibility, and valuation once further details are disclosed.

As SEBI’s review progresses and the company moves toward filing its RHP, additional clarity on the Polite Powertech IPO date, price band, and issue size in rupee terms is expected.

For investors tracking SME IPOs in India, Polite Powertech IPO details, and upcoming IPOs in 2026, this issue remains one to watch.