Saatvik Green Energy Ltd, a prominent solar PV module manufacturer, is launching its ₹900 crore IPO with 19 September 2025 as the opening date and 23 September 2025 as the closing date.
The IPO has a fresh issue of ₹700 crore and an OFS of ₹200 crore at a price band of ₹442 to ₹465 per equity share.
Grey Market Premium (GMP) is ₹78,With the upper price band of the IPO finalized at ₹465 per share, the shares are anticipated to list at an estimated price of about ₹543. This indicates a possible listing gain of almost 16.77% for investors.
1. Basic IPO Details
| Parameter | Detail |
|---|---|
| IPO Name | Saatvik Green Energy Ltd |
| IPO Type | Combination of Fresh Issue + Offer for Sale (OFS) |
| Price Band | ₹ 442 to ₹ 465 per equity share |
| Face Value | ₹ 2 per share |
| Total Issue Size | ₹ 900 crore |
| Fresh Issue Portion | ₹ 700 crore through fresh equity shares |
| OFS Portion | ₹ 200 crore via promoter sale |
2. Important Dates & Timeline
| Event | Date |
|---|---|
| IPO opens (Subscription starts) | 19 September 2025 |
| IPO closes | 23 September 2025 |
| Basis of allotment finalised | 24 September 2025 |
| Shares credited / Refunds initiated | 25 September 2025 |
| Listing on BSE / NSE | 26 September 2025 |
3. Reservation / Allocation & Lot Sizes
| Investor Category | Minimum Shares / Lot | Reserved (%) |
|---|---|---|
| Retail Investors | 1 lot = 32 shares (≈ ₹ 14,880 at upper price) | ~ 35% of issue |
| Non-Institutional Investors (NIIs) | Minimum higher (multiple of lot) | ~ 15% |
| Qualified Institutional Buyers (QIBs) | — | ~ 50% |
4. Business / Company Overview
| Parameter | Detail |
|---|---|
| Core Business | Manufacturing solar photovoltaic (PV) modules, plus EPC (Engineering, Procurement & Construction) and operations & maintenance (O&M) services for solar projects. |
| Installed Capacity | ~ 3.80 GW operational module manufacturing capacity as of ~ June/March 2025 |
| Order Book | ~ 4.05 GW total order book as of June 2025, with about 4.01 GW domestic orders |
| Expansion Plan | Setting up 4 GW solar PV module manufacturing facility in Odisha using proceeds from fresh issue. |
5. Financials Snapshot
| Fiscal Period | Revenue / Sales | Profit After Tax (PAT) |
|---|---|---|
| FY 2024-25 | ~ ₹ 2,158.4 crore (≈ 98.4% yoy growth) | ~ ₹ 213.9 crore (≈ 113% growth over previous year) |
Conclusion
Saatvik Green Energy IPO offers the chance to invest in a solar manufacturing firm with good growth, increased capacity, and sound financials. For India’s renewable energy bull supporters, the IPO may prove attractive. Still, investors must consider execution risk, raw material pressure on costs, and competitive dynamics before investing.
Tips Before Applying
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Check allotment chances: Retail portion and QIB interest will affect how many shares you might actually get.
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Understand your risk tolerance: Cyclical sector, regional concentration.
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Track peer comparisons: How do metrics like P/E, RoNW compare with other TMT/steel bar makers?
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Watch external factors: Steel raw material costs, government infrastructure policy, real estate demand.
Disclaimer:
- IPO Grey Market Premium (Dev Accelerator IPO GMP) mention is valid for the specific date as mentioned in the header.
- We are not buying and selling IPO forms on IPO Grey Market.
- Do not subscribe for IPO by just seeing the premium Price as it may change anytime before listing. Subscribe only considering the fundamentals of the companies.