Loom Solar Plans Rs 10 Billion IPO by FY27

04 Nov 2025 CW Team

Speaking to BW Businessworld, Co-founder and Director Amod Anand said, “We are preparing for a larger IPO size of about Rs 10 billion and are currently targeting FY27.”

Recounting the company’s modest beginnings, Anand shared that Loom Solar’s journey started in Sitamarhi, Bihar. “We had no capital when we began. For nearly a decade, we worked with companies such as Reliance and Airtel before deciding to start something of our own,” he said. The idea materialised in 2016–17, coinciding with the rise of India’s startup ecosystem.

The founders identified solar energy as a scalable sector with low entry barriers. “At that time, solar was largely government-driven and not accessible to retail customers. We began with small solar panels of 10W, 20W, and 50W for street vendors and households — products that were unavailable to retail buyers,” Anand explained.

Loom Solar initially operated entirely online through e-commerce platforms such as Amazon. Its focus on rural and semi-urban markets, coupled with tailored product offerings, helped it establish an early foothold. “We started from Bihar and Uttar Pradesh because we understood the people, their needs, and their language. Even today, around 50 per cent of our business comes from UP and Bihar,” Anand noted.

The company began by outsourcing its manufacturing but later set up its own facility after building a strong customer base. Loom Solar now produces solar panels and inverters and is expanding its Mathura-based plant in Uttar Pradesh to a capacity of 1.2 gigawatts (GW). “We started with monocrystalline technology, upgraded to TOPCon, and are now moving towards heterojunction (HJT) technology,” Anand said.

The company’s planned IPO and upcoming technological upgrades mark a significant milestone in its journey from a small startup in Bihar to one of India’s most promising solar innovators.

Loom Solar, a leading rooftop and distributed solar company, is preparing to file for an Initial Public Offering (IPO) by FY27, with an estimated issue size of around Rs 10 billion. Founded by brothers Amod and Amol Anand, the company plans to utilise the proceeds to expand its manufacturing capacity and foray into the battery energy storage segment. Speaking to BW Businessworld, Co-founder and Director Amod Anand said, “We are preparing for a larger IPO size of about Rs 10 billion and are currently targeting FY27.” Recounting the company’s modest beginnings, Anand shared that Loom Solar’s journey started in Sitamarhi, Bihar. “We had no capital when we began. For nearly a decade, we worked with companies such as Reliance and Airtel before deciding to start something of our own,” he said. The idea materialised in 2016–17, coinciding with the rise of India’s startup ecosystem. The founders identified solar energy as a scalable sector with low entry barriers. “At that time, solar was largely government-driven and not accessible to retail customers. We began with small solar panels of 10W, 20W, and 50W for street vendors and households — products that were unavailable to retail buyers,” Anand explained. Loom Solar initially operated entirely online through e-commerce platforms such as Amazon. Its focus on rural and semi-urban markets, coupled with tailored product offerings, helped it establish an early foothold. “We started from Bihar and Uttar Pradesh because we understood the people, their needs, and their language. Even today, around 50 per cent of our business comes from UP and Bihar,” Anand noted. The company began by outsourcing its manufacturing but later set up its own facility after building a strong customer base. Loom Solar now produces solar panels and inverters and is expanding its Mathura-based plant in Uttar Pradesh to a capacity of 1.2 gigawatts (GW). “We started with monocrystalline technology, upgraded to TOPCon, and are now moving towards heterojunction (HJT) technology,” Anand said. The company’s planned IPO and upcoming technological upgrades mark a significant milestone in its journey from a small startup in Bihar to one of India’s most promising solar innovators.

Infrastructure Energy

23 Dec 2025

Delhi HC Stays PGCIL Order against KEC International

KEC International has informed stock exchanges of a significant legal development concerning its eligibility to participate in tenders floated by Power Grid Corporation of India (PGCIL), in a disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.The update follows the company’s earlier intimation dated November 18, 2025, regarding an order issued by PGCIL that excluded KEC International from participating in its tenders for a period of nine months. Challenging the said order, the company filed a writ petition before the Hon’ble High C..

Building Material

23 Dec 2025

LANXESS Advances Pigment Solutions for New-Age Concrete Technologies

LANXESS is deepening its engagement with next-generation concrete technologies by advancing research into the performance of iron oxide pigments across emerging construction applications, including self-compacting concrete (SCC), geopolymers and 3D-printed concrete. Through extensive investigations and long-term weathering tests, iron oxide pigments have proven their suitability for a wide range of concrete construction materials, though their use in new formulations requires a thorough understanding of construction chemistry and material interactions.According to Oliver Fleschentraeger, Techn..

Infrastructure Urban

23 Dec 2025

JHS Svendgaard to Invest Rs 250 Million in Kala Amb Expansion

JHS Svendgaard Laboratories (JHS), a leading Indian manufacturer of oral care products, has announced an investment of Rs 250 million to expand its manufacturing footprint in Kala Amb, Himachal Pradesh. The investment is aimed at strengthening production capacity, introducing advanced technologies and supporting the company’s next phase of growth in response to rising domestic and global demand.As part of the expansion plan, JHS will construct a new 100,000 sq ft manufacturing facility on its existing five-acre land parcel at Kala Amb. The project is expected to be executed over a two-year p..