Saatvik Green Energy IPO

Saatvik Green Energy IPO is a book build issue of Rs 900.00 crores, comprising a fresh issue of Rs 700.00 crores (1.51 crore shares) and an offer for sale of Rs 200.00 crores (0.43 crore shares). The IPO opens on September 19, 2025, and closes on September 23, 2025, with allotment expected on September 24, 2025. Shares will list on BSE and NSE on September 26, 2025. The price band is Rs 442 to Rs 465 per share, with a lot size of 32 shares, requiring a minimum retail investment of Rs 14,880. Dam Capital Advisors Ltd. is the lead manager, and Kfin Technologies Ltd. is the registrar.

Saatvik Green Energy IPO Details

Check out the issue details for Saatvik Green Energy IPO as disclosed in SEBI.

Price Band

₹ 442 - 465

Issue Size

900 Cr.

Issue Type

Book Built

Open

2025-09-19

Close

2025-09-23

Listing Date

2025-09-26

Saatvik Green Energy News

Saatvik Green Energy coming with IPO to raise upto Rs 947 crore17 Sep 2025, 1:01PM Saatvik Green Energy files Rs 1,150 crore IPO papers with SEBI 21 Nov 2024, 12:27PM

Company Financials

You can get the following financial statements of Saatvik Green Energy as of now.

Company Name

Saatvik Green Energy

Exchange

NSE: SAATVIK

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Saatvik Green Energy IPO Details

The details about the Saatvik Green Energy IPO are as follows:

  • The issue size of the IPO is Rs 900.00 Cr.
  • The price band for Saatvik Green Energy IPO is Rs 442 to Rs 465.
  • The shares of Saatvik Green Energy IPO will list on BSE and NSE.
  • The latest tentative GMP of Saatvik Green Energy IPO is Rs 66.
  • The shares of Saatvik Green Energy IPO are subscribed 0.62 Times.

 

Saatvik Green Energy IPO Valuation

The approximate valuation of Saatvik Green Energy IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 465
Existing Shares (Qty)  
Fresh Issue Rs 700.00 Cr
Market Cap  
EPS (FY25)  
PE Ratio  
Industry PE  

 

Saatvik Green Energy IPO Issue Size

Saatvik Green Energy IPO issue size is Rs 900.00 Cr.

Issue Amount
Fresh Issue Rs 700.00 Cr
Offer For Sale Rs 200.00 Cr

 

Saatvik Green Energy IPO Market Lot

An individual can apply for a minimum of 1 lot of 32 shares and a maximum of 13 lots (416 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 32 Rs 14,880
Retail Maximum 13 416 Rs 1,93,440

 

Saatvik Green Energy IPO Share Offer

The shares of Saatvik Green Energy IPO are subscribed 0.62 Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 50%
Non-Institutional Not less than 15%
Retail Individual Not less than 35%

 

Saatvik Green Energy IPO GMP (Grey Market Premium)

As on GMP (Tentative)
19 September 2025 Rs 66

Saatvik Green Energy IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Saatvik Green Energy IPO Dates

Find below the dates for Saatvik Green Energy IPO

Schedule Date
Basis of Allotment 24 Sep 2025
Refunds 25 Sep 2025
Credit to Demat Account 25 Sep 2025
IPO Listing Date 26 Sep 2025

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024
Net Sales 479.95 608.59 1090.05
Total Expenditure 463.21 591.77 940.04
Operating Profit 16.74 16.82 150.01
Other Income 0.35 9.04 10.05
Interest 6.35 12.57 15.12
Depreciation 2.47 6.62 10.64
Exceptional Items 0 0 0
Profit Before Tax 8.27 6.68 134.3
Provision for Tax 2.31 1.92 34.02
Net Profit 5.96 4.76 100.28
Adjusted EPS (Rs.) 0.06 0.05 0.99

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 3.38 3.38 3.38
Total Reserves 12.24 16.91 117.18
Borrowings 8.99 31.85 20.19
Other N/C liabilities 3.87 14.54 17.19
Current liabilities 188.47 195.98 455.89
Total Liabilities 216.94 262.65 613.83
Assets
Net Block 21.45 50.04 53.29
Capital WIP 0 0 1.23
Intangible WIP 0 0 0
Investments 0 0 0.03
Loans & Advances 2.45 2.74 6.68
Other N/C Assets 3.06 1.25 2.21
Current Assets 189.98 208.63 550.39
Total Assets 216.94 262.65 613.83
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024
Profit from operations 8.27 6.68 134.3
Adjustment 6.93 10.78 28.42
Changes in Assets & Liabilities -71.06 -15.83 -133.09
Tax Paid -1.39 -4.17 -15.45
Operating Cash Flow -57.25 -2.54 14.19
Investing Cash Flow 0.86 -18.4 -67.27
Financing Cash Flow 54.99 32.05 52.05
Net Cash Flow -1.4 11.11 -1.04

Saatvik Green Energy IPO: Date, Share Price, Review & Details

Saatvik Green Energy, a leading solar photovoltaic (PV) module manufacturer in India, is set to launch its Initial Public Offering (IPO) on September 19, 2025. The Gurugram-based company aims to raise Rs 900 crore through this public issue, which has garnered significant attention in the renewable energy sector.

About Saatvik Green Energy Ltd.

Since beginning operations in 2016, Saatvik Green Energy has become a prominent player in the solar energy landscape. The company specialises in manufacturing high-efficiency solar PV modules and also provides Engineering, Procurement, and Construction (EPC) services.

  • Manufacturing Prowess: As of March 2025, Saatvik has an operational manufacturing capacity of approximately 3.8 GW, operating from three fully automated facilities in Ambala, Haryana. Its advanced product portfolio includes Mono PERC and N-TopCon modules in both mono-facial and bifacial variants.

  • Expansion Plans: The company is expanding its footprint with new facilities in Odisha and Madhya Pradesh, aiming to add 4.8 GW of cell and 4 GW of module capacity by Fiscal 2027.

  • EPC Services: Saatvik is also a notable EPC service provider, having completed major projects like a 61.42 MW floating solar plant in Telangana. As of March 2025, its domestic order book stood at 4.01 GW.

Saatvik Green Energy IPO Details (2025)

  • IPO Open Date: September 19, 2025

  • IPO Close Date: September 23, 2025

  • Price Band: Rs 442 – Rs 465 per share

  • Employee Discount: Rs 44 per share.

  • Lot Size: 32 shares

  • Minimum Investment: Rs 14,880 for retail investors at the upper price band.

  • Issue Size: Rs 900 crore, consisting of a fresh issue of shares worth Rs 700 crore and an Offer for Sale (OFS) of Rs 200 crore by the promoters.

  • Listing: The shares will be listed on both the BSE and NSE, with a tentative listing date of September 26, 2025.

  • Registrar: Kfin Technologies Ltd.

Use of IPO Proceeds

The net proceeds from the fresh issue will be utilised for several key objectives:

  • Investment in Subsidiary: A major portion (Rs 477.23 crore) will be invested in its wholly-owned subsidiary, Saatvik Solar Industries, to set up a 4 GW solar PV module manufacturing facility in Odisha.

  • Debt Repayment: Funds will be used for the repayment or prepayment of certain outstanding borrowings of the company (Rs 10.82 crore) and its subsidiary (Rs 166.44 crore).

  • General Corporate Purposes: The remaining funds will be allocated for general corporate purposes.

Financial Performance

Saatvik Green Energy has demonstrated impressive financial growth. For the fiscal year ending March 31, 2025, the company reported:

  • Revenue: Rs 2,192.47 crore, a significant increase from Rs 1,097.18 crore in FY24.

  • Profit After Tax (PAT): Rs 213.93 crore, more than doubling from Rs 100.47 crore in the previous year.

The company boasts strong valuation metrics, including a Return on Equity (ROE) of 63.41% and a PAT Margin of 9.76% for FY25.

What You Can Find on This Page

This page provides a comprehensive overview of the Saatvik Green Energy IPO, including:

  • Live IPO Subscription Status: Track the subscription numbers for QIB, NII, and retail categories in real-time.

  • Grey Market Premium (GMP): Get the latest GMP updates to gauge market sentiment.

  • Allotment and Listing Information: Find out the allotment status and track the share price once it is listed. The allotment is expected to be finalized on September 24, 2025.

  • Financial Data: Access detailed financial statements and key performance indicators.

  • Analyst Reviews: Read expert opinions and recommendations on whether to subscribe to the IPO.

Frequently Asked Questions (FAQs) about Saatvik Green Energy IPO

Q1: What are the key dates for the Saatvik Green Energy IPO?
The IPO is open from September 19 to September 23, 2025. The tentative listing date is September 26, 2025.

Q2: What is the price band and lot size for the IPO?
The price band is Rs 442 to Rs 465 per share, with a minimum lot size of 32 shares.

Q3: What is the total issue size of the IPO?
The total IPO size is Rs 900 crore, comprising a fresh issue of Rs 700 crore and an OFS of Rs 200 crore.

Q4: How can I check the IPO allotment status?
You can check the allotment status on the registrar's website, Kfin Technologies Ltd., after the allotment date, which is scheduled for September 24, 2025.

For the latest updates on the Saatvik Green Energy IPO, including subscription details, GMP, and listing information, keep visiting this page.

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