Saatvik Green Energy Limited – IPO
Saatvik Green Energy Limited – IPO Details
| IPO Date | September 19, 2025 to September 23, 2025 |
| Listing Date | September 26, 2025 |
| Face Value | ₹ 2 / Share |
| Price Band | ₹ 442 to ₹ 465 / Share |
| Lot Size | 32 Shares |
| Total Issue Size | 1,93,54,838 shares (Aggregating up to ₹900.00 Cr) |
| Fresh Issue | 1,50,53,763 shares (Aggregating up to ₹700.00 Cr) |
| Offer for Sale | 43,01,075 shares of ₹2 (Aggregating up to ₹200.00 Cr) |
| Employee Discount | ₹44.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 11,20,47,000 shares |
| Share holding post issue | 12,71,00,763 shares |
| Market Maker portion |
Saatvik Green Energy Limited Timeline (Tentative Schedule)
Saatvik Green Energy Limited IPO opens on September 19, 2025, and closes on September 23, 2025.
| IPO Open Date | September 19, 2025 |
| IPO Close Date | September 23, 2025 |
| Basis of Allotment | September 24, 2025 |
| Initiation of Refunds | September 25, 2025 |
| Credit of Shares to Demat | September 25, 2025 |
| Listing Date | September 26, 2025 |
| Cut-off time for UPI mandate confirmation | September 23, 2025 |
Saatvik Green Energy Limited IPO Lot Size
Investors can bid for a minimum of 32 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | Rs.14,880 |
| Retail (Max) | 13 | 416 | Rs.193,440 |
| S-HNI (Min) | 14 | 448 | Rs.208,320 |
| S-HNI (Max) | 67 | 2,144 | Rs.996,960 |
| B-HNI (Min) | 68 | 2,176 | Rs.1,011,840 |
| HNI (Min) |
Saatvik Green Energy Limited IPO Promoter Holding
| Share Holding Pre Issue | 90.05% |
| Share Holding Post Issue |
Saatvik Green Energy Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% |
|
| NII (HNI) Shares Offered | Not less than 15% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Saatvik Green Energy Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Saatvik Green Energy Limited
Incorporated in 2015, Saatvik Green Energy Limited produces modules and provides engineering, procurement, and construction ("EPC"). The company provides a complete range of solar module products, which are presently produced employing technologies assisting in energy loss reduction and improving overall efficiency. The company began its manufacturing activities in 2016 and has progressively increased the annual installed capacity, from 125 MW as of March 31, 2017, to approximately 3.80 GW as of June 30, 2025. The company has two module manufacturing plants in Ambala, Haryana (collectively, the "Ambala Facilities") occupying a total land area of 724,225 square feet.
Products:
Monocrystalline passive emitter and rear cell ("Mono PERC") modules.
N-TopCon solar panels, both variants are available in mono-facial and bifacial variants, with applications spanning residential, commercial and utility-scale solar projects.
The company had 618, 566, 270 and 138 full-time employees as of June 30, 2025, March 31, 2025, March 31, 2024 and March 31, 2023 respectively.
Competitive Strengths:
Quality Customer Base and Large Order Book
One of the Leading Module Manufacturing Companies in India Providing Integrated Solutions to Independent Power Producers
Innovative Solutions in Technology for the Solar Industry
Multiple Revenue and Sales Channels
Positioned to Benefit from Favourable Industry Tailwinds
Key Performance Indicator
The market capitalization of the Saatvik Green Energy IPO is ₹5910.19 Cr.
| KPI | Values |
|---|---|
| ROE | 63.41% |
| ROCE | 60.45% |
| Debt/Equity | 1.36 |
| RoNW | 63.41% |
| P/BV | 43.18 |
| PAT Margin (%) | 9.76% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 19.09 | 16.83 |
| P/E (x) | 24.35 | 27.63 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025, which is available in RHP.
Objects of the Issue (Saatvik Green Energy Limited IPO Objectives)
Saatvik Green Energy Limited Contact Details
Saatvik Green Energy Ltd. Vill. Dubli, V.P.O Bihta Tehsil, Ambala, Haryana, 133101 Phone: 0124-3626755 Email: [email protected] Website: https://saatvikgroup.com/ |
Saatvik Green Energy Limited IPO Registrar
Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: [email protected] Website: https://ipostatus.kfintech.com/ |