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Saatvik Green Energy IPO Day 2: Check Subscription Status & Key Highlights

The Saatvik Green Energy IPO, which opened on September 19, 2025, continued to see bids across categories on Day 2. Priced in the range of ₹442–₹465 per share, the issue size is ₹900 crore, consisting of a fresh issue of ₹700 crore and an offer for sale worth ₹200 crore.

By the second day, the IPO reached an overall subscription of 1.09x, reflecting an increase compared to the opening day. Retail investors, non-institutional bidders, and employees were the most active groups, while QIB participation remained minimal. For more details on the process, you can visit the official page of the Saatvik Green Energy IPO.

Saatvik Green Energy IPO Day 2 Subscription Status

As of 3:44PM on September 22, 2025 (Day 2), the IPO was subscribed 1.09x overall. The retail category saw bids worth 1.59x, NIIs recorded 1.32x, and employees oversubscribed at 3.41x. The QIB (ex-anchor) portion, however, remained almost flat at 0.01x.

Investor Category

Subscription (times)

QIB (Ex Anchor)

0.01x

NII

1.32x

bNII (> ₹10L)

0.93x

sNII (< ₹10L)

2.09x

Retail

1.59x

Employee (EMP)

3.41x

Total

1.09x

Total Applications: 2,78,408

Saatvik Green Energy - IPO Details

The IPO will remain open from September 19 to September 23, 2025, and aggregates to ₹900 crore through a mix of fresh shares and an offer for sale. Shares have a face value of ₹2 each, and the lot size is 32 shares, requiring a retail investment of at least ₹14,880.

  • Total Issue Size: 1.93 crore shares

    • Fresh Issue: 1.51 crore shares (₹700 crore)

    • Offer for Sale: 0.43 crore shares (₹200 crore)

  • Issue Type: Book-building IPO

  • Listing: BSE, NSE (tentative date: September 26, 2025)

  • Registrar: Kfin Technologies Ltd.

  • Lead Manager: Dam Capital Advisors Ltd.

Utilisation of Proceeds

The company plans to use the proceeds from the fresh issue towards:

  • Repayment or prepayment of certain borrowings: ₹10.82 crore

  • Investment in subsidiary for loan repayment: ₹166.44 crore

  • Funding 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?

Saatvik Green Energy IPO Anchor Investor Allocation

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

Conclusion

Day 2 data shows the IPO crossing the 1x mark overall, primarily supported by retail, NII, and employee bids. Institutional demand from QIBs, however, is still limited at this stage.

As bidding continues, the final picture will depend on institutional participation in the remaining days. Investors are advised to look at subscription data along with the company’s fundamentals before making 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.    

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