Eapro Global Raises Rs 40 Crore Ahead of Proposed FY28 IPO

Eapro Global, a solar solutions maker headquartered in Roorkee, has raised Rs 40 crore (approximately $4.8 million) ahead of a proposed initial public offering targeted for fiscal year 2028, according to a report by Indian Startup News.

The Rs 40 crore raise marks a concrete step in the company's path toward the public markets. The fresh capital arrives as Eapro Global positions itself within India's expanding solar equipment sector, where manufacturers are scaling capacity to meet rising demand for clean energy hardware.

The company has set its sights on an IPO in FY28, according to the report. That timeline gives the Roorkee-based firm roughly two to three fiscal years to build the operational and financial track record that Indian listing norms and institutional investors expect from a company approaching the primary market.

Indian Startup News identifies Eapro Global as a solar solutions maker — a category that spans the design and manufacture of products used in residential, commercial and industrial solar installations. The company's base in Roorkee, Uttarakhand, places it in a state that has worked to attract manufacturing investment through industrial policy incentives.

The raise and the proposed listing plan come amid sustained momentum in India's renewable energy supply chain. Solar manufacturing has drawn consistent investor attention as the country pushes to expand installed renewable capacity and reduce dependence on imported equipment. Companies in this segment have used pre-IPO capital to fund capacity expansion, deepen product lines and strengthen balance sheets before approaching public investors.

For Eapro Global, the Rs 40 crore provides funding ahead of that listing window. How the company deploys the capital — and whether it stages additional pre-IPO rounds — will shape its readiness when the FY28 timeline arrives.

The proposed IPO would add Eapro Global to a growing list of Indian renewable energy and manufacturing companies seeking public market listings, a cohort that investors have watched closely as India's energy transition accelerates.