How to Check Saatvik Green Energy IPO Allotment Status?

Saatvik Green Energy Limited is a manufacturer of solar modules and offers engineering, procurement and construction services, incorporated in 2015. The company operates with 618 employees as of June 30, 2025, maintaining two module manufacturing facilities in Ambala, Haryana spread across 724,225 square feet with annual installed capacity expanded from 125 MW in March 2017 to 3.80 GW as of June 2025, manufacturing Monocrystalline passive emitter and rear cell modules and N-TopCon solar modules in mono-facial and bifacial options suitable for residential, commercial and utility-scale solar projects while serving as one of leading module manufacturing companies in India offering integrated solutions to Independent Power Producers.

The Saatvik Green Energy IPO came with a total issue size of ₹900.00 crore, comprising a fresh issue of 1.51 crore shares aggregating to ₹700.00 crore and offer for sale of 0.43 crore shares aggregating to ₹200.00 crore. The IPO opened on September 19, 2025, and closed on September 23, 2025. The allotment for the Saatvik Green Energy IPO is expected to be finalized on Wednesday, September 24, 2025. The Saatvik Green Energy IPO share price band was set at ₹442 to ₹465 per share.

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Steps to Check Saatvik Green Energy IPO Allotment Status on Registrar Site

• Visit the Kfin Technologies Ltd. website 
• Select "Saatvik Green Energy" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Saatvik Green Energy IPO Allotment Status on BSE

• Navigate to the BSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Saatvik Green Energy" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Saatvik Green Energy IPO Subscription Status

Saatvik Green Energy IPO received good investor interest, being subscribed 6.93 times overall on the final day. The subscription showed improved confidence across categories compared to earlier days. Here is a category-wise breakdown of the subscription as of 5:04:38 PM on September 23, 2025:

• Non-Institutional Investors (NII): 10.57 times.
• QIB Category: 11.41 times.

Saatvik Green Energy IPO Share Price and Investment Details

The Saatvik Green Energy IPO stock price band was set at ₹442 to ₹465 per share with a minimum lot size of 32 shares. The minimum investment required for retail investors was ₹14,880 for 1 lot (32 shares). The issue included up to 57,93,547 shares allocated to anchor investors raising ₹269.40 crore with employee discount of ₹44.00 per share. Given the good subscription response of 6.93 times overall with significant improvement on the final day, with QIB category showing strong response at 11.41 times and NII demonstrating good response at 10.57 times, the Saatvik Green Energy IPO share price is expected to list with moderate to good premium.

Utilisation of IPO Proceeds

The funds raised through the IPO will be utilised as follows:

• Prepayment of outstanding borrowings: ₹10.82 crore.
• Investment in subsidiary for borrowings repayment: ₹166.44 crore.
• Investment in subsidiary for 4 GW solar PV module manufacturing facility in Odisha: ₹477.23 crore.
• General corporate purposes: Remaining amount.

Business Overview

Saatvik Green Energy Limited operates with quality customer base and large order book, positioning among leading module manufacturing companies offering integrated solutions, innovative technology solutions for solar industry, multiple sales and revenue channels, and favorable positioning to capture industry tailwinds while benefiting from China+1 regime and anti-dumping duty on Chinese modules. The company demonstrates spectacular performance with 100% revenue increase and 113% PAT rise between FY24-FY25, maintaining debt-equity ratio of 1.36 while operating in rapidly growing solar energy sector through comprehensive portfolio of solar module products using technologies that reduce energy loss and enhance efficiency. The final day subscription improvement to 6.93 times suggests growing investor confidence in the solar manufacturing sector and company's expansion plans, though retail participation remained moderate at 2.81 times indicating pricing concerns among smaller investors.