RCRS Innovations Ltd IPO

The company was incorporated on August 22, 2019 by the young and enthusiast entrepreneur Mr. Aayush Goyal, at the age of 19 with a clear objective and vision "To propel our world towards a sustainable and equitable future with limitless clean energy for all". Our company is engaged in the manufacturing of customized Lithium-ion Battery Packs and Solar PV (Photovoltaic) Modules, primarily catering to the B2B sector. We sell Lithium-ion Battery Packs and Solar PV Modules under the "EXEGI" brand. Presently, our company is engaged in manufacturing of Lithium Battery Packs and Solar PV Modules with two (Unit 1 and Unit 2) of our manufacturing facilities, both are located at Uttar Pradesh. Unit 1 (Noida, UP) is the facility which is used for manufacturing of Lithium Battery Packs and Unit 2 (Sahibabad, UP) is the facility, which started the operations in June 2023 is used for manufacturing of Solar PV Modules. From these Units we have developed a strong sales model, as we are serving customers across India i.e in more than 23 States. Unit: 1 At this facility we manufacture lithium battery packs. It has an installed capacity of 300MWH equipped with latest technology, through which we can customize the lithium-ion battery packs, which ranges from 3.2v6000mAh to 240v600Ah, according to the application and product requirements of the customers. Our company specialises in manufacturing of lithium battery packs for solar lighting applications and battery energy storage systems (BESS) for residential, commercial and industrial applications. This facility has an installed capacity of 300MWH equipped with latest technology. Our revenue towards supply of Lithium-ion battery constitutes 80.60% of our total revenue from operations. Unit: 2 We have recently started our Unit: 2, specifically in June, 2023 for manufacturing of Solar PV Modules as our Horizontal expansion plan. We have taken on lease 40MW Automated Solar PV module production unit from Public Sector Undertaking through E tendering. The lease is valid for a period of 2 years + 1 years. We manufacture two types of solar panels i.e Monocrystalline Solar PV Module and Polycrystalline Solar PV Module ranging from 40W to 400W. We manufacture and deliver solar panels in the B2B space to EPC companies, solar water pumps companies, solar light companies. These companies install our solar panels at their client's locations after securing orders. By this Solar PV Module Line, we are able to transform CAPEX into OPEX at a very marginal cost enabling us to utilise the funds to penetrate the market share.