Saatvik Green Energy limited IPO

Mainboard

Other Electrical Equipment

Listed On: Sep 26, 2025 at ₹ 465.0(NSE)

₹ 14880 /32 Shares

Check Allotment

19 Sep, 2025

Open Date

23 Sep, 2025

Close Date

24 Sep, 2025

Allotment Date

26 Sep, 2025

Listing Date

Price Summary

Last Closing

524.65 (12.83%)

52 Week High

567.00

52 Week Low

420.10

Last Update

31-Oct-2025 3:30 PM

Expected Premium

+ ₹7-8 (1.51%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Saatvik Green Energy IPO Live Subscription Details

View Subscription Details

QIB 11.41x

Retail 2.80x

NIIs 10.57x

BHNI 11.28x

SHNI 9.13x

Retail 2.80x

EMP 5.59x

Total 6.92x

Last updated: 23 Sep 2025, 06:55 PM

Saatvik Green Energy IPO Issue Details

Issue Price ₹442-465 per equity share
Employee Discount: ₹44.00
Face Value ₹2 Per Equity Share
Total Issue Size 1,93,54,838 shares(aggregating up to ₹900 crore)
Fresh Share 1,50,53,763 shares(aggregating up to ₹700 crore)
Offer For Sale 43,01,075 shares(aggregating up to ₹200 crore)
Listing at BSE, NSE
List Price 465.0(NSE)
Listing Date 2025-09-26
Lead Manager Dam Capital Advisors Ltd
Ambit Pvt.Ltd
Motilal Oswal Investment Advisors Ltd
Registrar Kfin Technologies Ltd

Market 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 Retail Investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (min)	1	32	₹14,880
Retail(max)	13	416	₹1,93,440
SHNI(min)	14	448	₹2,08,320
SHNI(max)	67	2,144	₹9,96,960
BHNI(min)	68	2,176	₹10,11,840

Saatvik Green Energy IPO Reservation

Saatvik Green Energy IPO offers total 19354838 shares. Out of which 3860119 (19.94%) allocated to QIB, 2896100 (14.96%) allocated to NII,6757566 (34.91%) allocated to RII, 47506 (0.25%) allocated to employees and 5793547 (29.93%) allocated to Anchor investors.

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	5793547 (29.93%)
QIB Shares Offered	3860119 (19.94%)
NII (HNI) Shares Offered	2896100 (14.96%)
bNII < ₹10L	1930733 (NA%)
sNII < ₹10L	965367 (NA%)
Retail Shares Offered	6757566 (34.91%)
Employee Shares Offered	47506 (0.25%)
Total Shares Offered	19354838 (100%)

Saatvik Green Energy IPO Documents

DRHP

RHP

ANCHOR

Saatvik Green Energy IPO Details

Saatvik Green Energy IPO is a book-built issue of ₹900 crores, The total issue size is ₹900 crores. The IPO of Saatvik Green Energy is priced at ₹442-465 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Sep 19, 2025 and ends on Sep 23, 2025. The allotment for Saatvik Green Energy IPO will be finalized on Sep 24, 2025. Saatvik Green Energy IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 26, 2025. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 32 shares, extendable to 14,880. S-HNIs will be able to bid for 448 shares at ₹2,08,320, while B-HNIs can also apply for a bid of 2,176 shares at ₹10,11,840. The book-running lead manager for the IPO is/are Dam Capital Advisors Ltd, Ambit Pvt.Ltd, Motilal Oswal Investment Advisors Ltd.

The total issue ₹900 crore, comprising a fresh issue of 1,50,53,763 shares ₹700 crore and having Offer for Sale (OFS) of 43,01,075 shares to mop up ₹200 crore.

The Saatvik Green Energy IPO sets its price band at 442-465 for each share. A single application for Saatvik Green Energy limited IPO must contain at least 32 shares. Sentiment investors need to invest a minimum of 32 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,880 In order to participate in the sNII, investors must purchase at least 14 lots of 448 shares for ₹2,08,320, while the bNII requires 68 lots of 2,176 shares for an investment of ₹10,11,840.

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	38,60,119	28,96,100 19,30,733 9,65,367	67,57,566	1,35,61,291
Day 1 19-09-25 05:00 PM	0.01 x	0.70 0.47 x 1.16 x	0.93 x	0.62 x
Day 2 22-09-25 05:00 PM	0.01 x	1.45 1.05 x 2.25 x	1.65 x	1.15 x
Day 3 23-09-25 05:00 PM	11.41 x	10.57 11.28 x 9.13 x	2.80 x	6.92 x

Total No of Applications

5,38,136

Subscription on the basis of Applications

Retail:2.38x BHNI:2.29x SHNI:8.89x

Saatvik Green Energy Valuations

EPS Pre IPO ₹19.09/-

EPS Post IPO ₹16.83/-

P/E Pre IPO 24.35

P/E Post IPO 27.63

ROE 63.41%

ROCE 60.45%

Debt/Equity 1.36

RoNW 63.41%

PAT Margin 9.76%

EBITDA Margin 16.40%

Price to Book Value 43.18

Saatvik Green Energy Company Financials

In Crs.

In Cr.

	31-Mar-25	31-Mar-24	31-Mar-23
Assets	1,635.74	688.04	263.00
Revenue	2,192.47	1,097.18	617.63
Profit After Tax	213.93	100.47	4.75
Net Worth	337.66	120.67	20.27
Reserves & Surplus	315.25	117.36	16.89
Total Borrowing	458.10	263.42	144.49

About Saatvik Green Energy Company

Incorporated in 2015, Saatvik Green Energy Limited is a module manufacturing company and provides engineering, procurement and construction ("EPC"). Saatvik Green Energy Limited also provide operations and maintenance ("O&M") services to clients mainly in the context of EPC projects.

The solar energy products of the company are: (i) monocrystalline passive emitter and rear cell ("Mono PERC") modules; and (ii) N-TopCon solar modules, both of which are available in mono-facial and bifacial variants for different applications, residential, commercial and utility-scale solar projects, etc.

The company produce the products by utilizing M10 technology for our Mono PERC modules and M10, G12, M10R and G12R technologies for our N-TopCon modules.

The company has provided solar modules for some of its solar installation projects, including floating solar PV modules like a solar power project at Ramagundam, Telangana during Fiscal 2023 and solar modules for the Raghanseda Solar Park in Banaskantha district, Gujarat during Fiscal 2023.

The company has two module manufacturing facilities located in Ambala, Haryana (collectively, the "Ambala Facilities") covering an aggregate land area of 724,225 square feet.

As of June 30, 2024, the company network consists of 34 selling partners, including 13 resellers, 16 distributors and five channel partners from different states of India.

Saatvik Green Energy - Promoter(s)

Neelesh Garg

Manik Garg

Manavika Garg

SPG Trust

Pre Issue Share Holding : 90.05%

Post Issue Share Holding : N/A%

Saatvik Green Energy IPO - Issue Objectives

Prepayment or scheduled re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company. (₹10.82 Cr)

Investment in the wholly owned Subsidiary, Saatvik Solar Industries Private Limited, in the form of debt or equity for repayment/prepayment of borrowings, in full or in part, of all or a portion of certain outstanding borrowings availed by such Subsidiary. (₹166.44 Cr)

Investment in the wholly owned Subsidiary, Saatvik Solar Industries Private Limited, for setting up of a 4 GW solar PV module manufacturing facility at National Highway – 16, Chamakhandi, Gopalpur Industrial Park, Gopalpur, Ganjam – 761 020, Odisha. (₹477.23 Cr)

General corporate purposes.

Saatvik Green Energy IPO - Anchor Investors

Saatvik Green Energy mops up over Rs 269 crore via anchor book ahead of Rs 900-crore IPO.

Total six domestic institutional investors participated in the anchor book including HDFC Mutual Fund, and Nippon Life India which are the largest investors in the anchor book, buying 20.43 lakh shares through their schemes for nearly Rs 190 crore.

Prashant Jain's 3P Investment Managers-owned 3P India Equity Fund acquired 10.75 lakh shares for nearly Rs 50 crore, while Bandhan Mutual Fund, SBI General Insurance Company, and 360 ONE picked 2.1 lakh shares each for Rs 29.4 crore.

Contact Details

Saatvik Green Energy

Vill. Dubli, V.P.O Bihta Tehsil, Ambala, Haryana, 133101

0124-3626755

investors@saatvikgroup.com

https://saatvikgroup.com/

Registrar Contact Details

Kfin Technologies Ltd

04067162222, 04079611000

saatvik.ipo@kfintech.com

https://ipostatus.kfintech.com/

Saatvik Green Energy IPO - FAQs

Ans. Saatvik Green Energy limited IPO is a Mainboard IPO. The issue is priced at ₹442-465 per equity share Employee Discount: ₹44.00. The minimum order quantity is 32 Shares. The IPO opens on Sep 19, 2025, and closes on Sep 23, 2025. Kfin Technologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Saatvik Green Energy limited IPO opens on Sep 19, 2025 and closes on Sep 23, 2025.

Ans. You can track the real-time subscription numbers using the links below:

Ans. The size of Saatvik Green Energy limited IPO is 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).

Ans. The Saatvik Green Energy limited IPO price band is set between ₹442-465 per equity share Employee Discount: ₹44.00.

Ans. To apply for Saatvik Green Energy limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Saatvik Green Energy limited IPO in the List of IPOs
- Press Apply Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Saatvik Green Energy limited IPO is Sep 24, 2025.

Ans. The Saatvik Green Energy limited IPO will be listed on Sep 26, 2025.

Ans. Follow the steps to check the Saatvik Green Energy limited IPO allotment status online.