Saatvik Green Energy Share Price, Company Overview & IPO Details
Saatvik Green Energy, one of India's leading solar module manufacturers, made a flat debut on the stock market on September 26, 2025. The Saatvik Green Energy share price listed at Rs 465 on the NSE, at par with its IPO issue price. On the BSE, the stock began trading at Rs 460, a discount of 1.08%.
About Saatvik Green Energy Ltd.
Incorporated in 2015, Saatvik Green Energy is a key player in India's renewable energy sector, specialising in the manufacturing of solar photovoltaic (PV) modules and providing Engineering, Procurement, and Construction (EPC) services. The company's key business attributes include:
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Advanced Product Portfolio: The company manufactures a comprehensive range of high-efficiency solar modules, including Mono PERC and N-TopCon modules in both mono-facial and bifacial variants. These products are used in residential, commercial, and utility-scale solar projects.
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Large Manufacturing Scale: As of June 2025, Saatvik had an operational manufacturing capacity of 3.8 GW, with its facilities located in Ambala, Haryana. The company has benefited from the "China plus one" strategy and government policies like anti-dumping duties on imported modules.
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Integrated Services: Beyond manufacturing, the company offers end-to-end EPC and Operations & Maintenance (O&M) services for solar projects, serving major clients like Shree Cement, SJVN Green Energy, and JSW Neo Energy.
Saatvik Green Energy IPO & Listing Performance (September 2025)
The IPO of Saatvik Green Energy, which was open from September 19 to September 23, 2025, received a decent response from investors, achieving an overall subscription of 6.57 times.
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Listing Price (NSE): Rs 465 (at par)
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Listing Price (BSE): Rs 460 (1.08% discount)
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IPO Price Band: Rs 442 – Rs 465 per share
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Issue Size: Rs 900 crore, which included a fresh issue of Rs 700 crore and an Offer for Sale (OFS) of Rs 200 crore by the promoters.
The listing was below market expectations, as the grey market premium had suggested a mild listing gain of around 2%. The subscription was driven primarily by Qualified Institutional Bidders (QIBs), whose portion was booked 10.84 times, and Non-Institutional Investors (NIIs), who subscribed 10.04 times.
Use of IPO Proceeds
The company received Rs 700 crore from the fresh issue component of the IPO. These funds are intended to be used for the company's expansion plans, including setting up a new 4.8 GW cell line and a 4 GW module line.
Financial Highlights
Saatvik Green Energy has demonstrated strong financial growth. For the fiscal year ending March 31, 2025, the company reported:
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Revenue: Rs 2,192 crore, a year-on-year doubling of its revenue.
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Net Profit: Rs 214 crore, a 113% increase from the previous year.
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EBITDA Margin: Improved to 16.4%.
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Return Ratios: The company has impressive return ratios with a Return on Equity (ROE) of 63.4% and a Return on Capital Employed (ROCE) of 60.5%.
At the issue price, the company was valued at a P/E ratio of approximately 27.6 times its post-issue earnings, with a market capitalisation of around Rs 5,910 crore.
What You Can Find on This Company Page
This page is your complete resource for all information related to Saatvik Green Energy Ltd. Here’s what you can access:
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Live Saatvik Green Energy Share Price: Track real-time price movements and analyse historical performance with charts.
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IPO and Listing Details: Get all the information about the IPO, including the price band, subscription details, and listing day performance.
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In-Depth Financial Analysis: Access detailed financial statements and key ratios.
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Shareholding Pattern: Get a clear picture of the company's ownership structure.
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Latest News and Corporate Actions: Stay informed about the latest company announcements and other market-moving news.
Frequently Asked Questions (FAQs) about Saatvik Green Energy Share Price
Q1: What was the listing price of Saatvik Green Energy?
The shares listed at Rs 465 on the NSE (at par with the IPO price) and Rs 460 on the BSE (a discount of 1.08%).
Q2: How was the investor response to the Saatvik Green Energy IPO?
The IPO was subscribed 6.57 times, with strong demand from institutional investors but a relatively modest response from retail investors.
Q3: What does Saatvik Green Energy do?
The company is a leading Indian manufacturer of solar PV modules and also provides EPC and O&M services for solar power projects.
Q4: What was the issue size of the Saatvik Green Energy IPO?
The IPO size was Rs 900 crore, consisting of a Rs 700 crore fresh issue and a Rs 200 crore Offer for Sale.