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Saatvik Green Energy Ltd

Saatvik Green Energy Ltd IPO Details

Listing Date

26 Sep 2025

Bid Price

₹442 - ₹465

Lot Size

32 Shares

Minimum Investment

₹14,880 / Lot

Issue Size

₹900 Crores

Employee Discount

₹44 per share

Schedule

    Here are the important dates you need to know in order to participate in this IPO

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Bidding starts

19th Sep

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Bidding ends

23rd Sep

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Allotment of shares

24th Sep

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Initiation of refund

25th Sep

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Credit of shares to Demat account

25th Sep

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Listing date

26th Sep

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 90.05% 76%
Public Group 9.95% 24%

Saatvik Green Energy Ltd IPO Reservation

QIB Shares Offered 38,62,366 (19.96%)
NII (HNI) Shares Offered 28,96,774 (14.97%)
Retail Shares Offered 67,59,139 (34.92%)
Anchor Investor Shares Offered 57,93,548 (29.93%)
Total Shares Offered 1,93,54,838
Total Shares With Anchor Investor 1,93,54,838

Saatvik Green Energy Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 32 ₹14,880
Retail (Max) 13 416 ₹1,93,440
S HNI (Min) 14 448 ₹2,08,320
S HNI (Max) 67 2,144 ₹9,96,960
B HNI (MIN) 68 2,176 ₹10,11,840

Saatvik Green Energy Ltd IPO Anchor Investor Details

Bid Date September 18, 2025
Shares Offered true
Anchor Investment Details 269.3999355

Saatvik Green Energy Ltd IPO registrar

KFin Techologies Ltd
Phone Number +91 40 67162222
Email Id einward.ris@kfintech.com
Website www.kfintech.com

Saatvik Green Energy Ltd IPO Lead Manager

1. DAM Capital Advisors Ltd

2. Ambit Pvt Ltd

3. Motilal Oswal Investment Advisors Ltd

Saatvik Green Energy Ltd Financial Information

March 31, 2025 March 31, 2024 March 31, 2023
Net Worth ₹337.66 cr ₹120.67 cr ₹20.27 cr
Reserves and Surplus ₹315.25 cr ₹117.29 cr ₹16.89 cr
Total Borrowing ₹458.1 cr ₹263.42 cr ₹144.49 cr

Saatvik Green Energy Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 40,63,347 4,40,28,000 10.8354
Non Institutional Investors (NIIs) 30,47,512 3,06,02,752 10.0419
NII(Bid amount of more than Ten Lakh Rupees) 20,31,675 2,17,86,144 10.7232
NII(Bid amount of more than 2 Lakh < 10 Rupees) 10,15,837 88,16,608 8.6792
Retail Individual Investors (RIIs) 71,10,860 1,89,12,288 2.6596
Total 1,42,71,970 9,38,08,672 6.57

Strength of Saatvik Green Energy Ltd

  • Quality Customer Base and Large Order Book.
  • Among the Leading Module Manufacturing Companies in India Offering Integrated Solutions to Independent Power Producers.
  • Innovative Technology Solutions for the Solar Industry.
  • Multiple Sales and Revenue Channels.
  • Well-Positioned to Capture Favourable Industry Tailwinds.
  • Experienced Promoters and Management Team with a Committed Employee Base.

Risks Involved

  • There are risks associated with solar module manufacturing. If such risks materialize, our business, financial condition and results of operations, among others, could be adversely affected.
  • Our business is dependent on certain key customers, and our top 10 customers contributed 57.77%, 63.86% and 79.38% of our revenue from operations in Fiscals 2025, 2024 and 2023, respectively. The loss of revenue from any of these customers could have a material adverse effect on our business, financial condition, results of operations and cash flows.
  • Changes in the price of solar PV cells and other raw materials could adversely affect our manufacturing of solar PV modules.
  • We intend to utilise a major portion of the Net Proceeds for funding our capital expenditure requirements. This includes investment in our wholly owned Subsidiary, Saatvik Solar Industries Private Limited, for setting up of a 4.00 GW solar PV module manufacturing facility at National Highway - 16, Chamakhandi, Gopalpur Industrial Park, Gopalpur, Ganjam, Odisha 761 020 ("Project Site"), which may be subject to the risk of unanticipated delays in implementation, cost overruns and other risks.
  • We intend to utilise a major portion of the Net Proceeds for funding our capital expenditure requirements by way of investment in our wholly owned Material Subsidiary, Saatvik Solar Industries Private Limited, which has limited operational experience in the renewable energy business and in operating a manufacturing facility.
  • We will avail subsidy from the Industries Department, Government of Odisha for investment in our wholly owned Subsidiary, Saatvik Solar Industries Private Limited, for setting up of the Project Site, and usage of which is subject to monitoring by our Audit Committee on a quarterly basis, which our Company may not receive on time or at all.
  • We intend to utilise a major portion of the Net Proceeds for funding our capital expenditure requirements. This includes investment in our wholly owned Subsidiary, Saatvik Solar Industries Private Limited, for setting up of a 4.00 GW solar PV module manufacturing facility ("Project Site"), which shall be set-up on the land admeasuring 14.12 acres ("Sub-Lease Land") sub-leased from Tata Steel Special Economic Zone Limited ("TSSEZL") out of total 57 acres located at National Highway - 16, Chamakhandi, Gopalpur Industrial Park, Gopalpur, Ganjam - 761 020, Odisha, India. Further, we cannot assure you that the lease deed entered into for the Sub-Lease Land can be further extended.
  • The determination of the Price Band is based on various factors and assumptions and the Offer Price, price to earnings ratio and market capitalization to revenue multiple based on the Offer Price of our Company, may not be indicative of the market price of our Company on listing or thereafter.
  • The business and prospects of our Company is significantly dependent on the success of a limited number of products, with income from the sale of Mono PERC modules constituting 38.72%, 86.72% and 71.72% of our revenue from operations in Fiscals 2025, 2024 and 2023, respectively.
  • Our ability to obtain financing on commercially acceptable terms depends on our credit ratings. Non-availability of credit ratings or a poor rating may restrict our access to capital and thereby adversely affect our business, financial conditions, cash flows and results of operations.
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Frequently Asked Questions

What is Saatvik Green Energy Ltd IPO?

Answer Field

Saatvik Green Energy Ltd IPO is a Mainboard IPO of 1,93,54,838 equity shares of a face value of ₹2 aggregating up to ₹900 Crores. The issue is priced at ₹442 to ₹465 per share. The minimum order quantity is 32 Shares. The IPO opens on September 19, 2025, and closes on September 23, 2025. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Saatvik Green Energy Ltd IPO will open?

Answer Field

The Saatvik Green Energy Ltd IPO opens on September 19, 2025 and closes on September 23, 2025.

What is the lot size of Saatvik Green Energy Ltd?

Answer Field

Saatvik Green Energy Ltd lot size is 32 shares, and the minimum amount required is ₹14,880.

How to apply for Saatvik Green Energy Ltd IPO?

Answer Field

You can apply in Saatvik Green Energy Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Saatvik Green Energy Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Saatvik Green Energy Ltd IPO will be done on September 24, 2025, and the allotted shares will be credited to your demat account by September 25, 2025.

When is Saatvik Green Energy Ltd IPO listing date?

Answer Field

The Saatvik Green Energy Ltd listing date is September 26, 2025.

Who is the registrar of Saatvik Green Energy Ltd IPO?

Answer Field

The registrar of Saatvik Green Energy Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

DAM Capital Advisors Ltd,Ambit Pvt Ltd,Motilal Oswal Investment Advisors Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Saatvik Green Energy Ltd IPO?

Answer Field

The fresh issue size is ₹700 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Saatvik Green Energy Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 32 shares and ₹14,880 amount.

How can I approve the UPI mandate request for Saatvik Green Energy Ltd IPO?

Answer Field

To apply for Saatvik Green Energy Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Saatvik Green Energy Ltd?

Answer Field

The price of each Saatvik Green Energy Ltd share will be ranging in between ₹442 to ₹465 per share.

What is the cut-off time for the UPI mandate for Saatvik Green Energy Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 23, 2025.

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