
Open Your Free Demat Account
Enjoy low brokerage on delivery trades
BAJAJ BROKING
The Saatvik Green Energy IPO opened for bidding on September 19, 2025, with investors showing early interest across categories. The issue, worth ₹900 crore, is a mix of a fresh issue of ₹700 crore and an offer for sale of ₹200 crore.
On Day 1, the IPO was subscribed 0.62x overall, with retail investors and employees leading participation. Qualified Institutional Buyers (QIBs) are yet to build momentum, while Non-Institutional Investors (NIIs) posted modest coverage. For more details, visit the official page of the Saatvik Green Energy IPO.
By 5:04:52 PM on September 19, 2025 (Day 1), the IPO was subscribed 0.62x overall. The retail category saw 0.93x subscription, NIIs subscribed 0.70x, and QIBs recorded a minimal 0.01x coverage. The employee quota was oversubscribed by 2.03 times.
Investor Category | Subscription (times) |
QIB (Ex Anchor) | 0.01x |
NII | 0.70x |
bNII (> ₹10L) | 0.47x |
sNII (< ₹10L) | 1.16x |
Retail | 0.93x |
Employee (EMP) | 2.03x |
Total | 0.62x |
Total Applications: 1,66,767
IPO Date: September 19, 2025 – September 23, 2025
Issue Size: 1.93 crore shares aggregating to ₹900 crore
Fresh Issue: 1.51 crore shares (₹700 crore)
Offer for Sale: 0.43 crore shares (₹200 crore)
Price Band: ₹442 – ₹465 per share
Face Value: ₹2 per share
Lot Size: 32 shares | Minimum retail investment: ₹14,880
Listing: BSE and NSE | Tentative listing date: September 26, 2025
Registrar: Kfin Technologies Ltd.
Lead Manager: Dam Capital Advisors Ltd.
The company intends to utilise the net proceeds from the fresh issue towards:
Prepayment or repayment of borrowings (₹10.82 crore)
Investment in subsidiary (Saatvik Solar Industries Pvt. Ltd.) for loan repayment (₹166.44 crore)
Setting up a 4 GW solar PV module manufacturing facility in Odisha (₹477.23 crore)
General corporate purposes
Additional Read- How to Apply for the Saatvik Green Energy IPO?
Category | Shares Offered | Allocation (%) |
QIB (Ex Anchor) | 38,60,119 | 28.47% |
NII (HNI) | 28,96,100 | 21.36% |
Retail Investors | 67,57,566 | 49.83% |
Employees | 47,506 | 0.35% |
Total | 1,35,61,291 | 100% |
Click here to check out recently closed IPO
On Day 1, the Saatvik Green Energy IPO saw encouraging participation from retail investors and employees, while institutional demand remained very limited. NIIs showed partial interest, with bids more visible in the smaller HNI (sNII) segment.
As the bidding continues, overall demand could pick up in the coming sessions, especially from institutional categories. Investors may continue tracking subscription levels alongside company fundamentals before making their investment decisions.
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Saatvik Green Energy IPO.
Share this article:
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes. The securities are quoted as an example and not as a recommendation. Past performance is not necessarily a guide to future performance.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading