Saatvik Green Energy IPO
IPO Listing Details
- Listing Date
26 Sep 2025
- Listing Price
₹460.00
- Listing Change
-1.08%
- Last Traded Price
₹380.50
Saatvik Green Energy IPO Details
-
Open Date
19 Sep 2025
-
Close Date
23 Sep 2025
-
Listing Date
26 Sep 2025
- IPO Price Range
₹ 442 to ₹465
- IPO Size
₹ 900 Cr
- Listing Exchange
BSE NSE
Saatvik Green Energy IPO Timeline
Saatvik Green Energy IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 19-Sep-25 | 0.01 | 0.70 | 0.93 | 0.62 |
| 22-Sep-25 | 0.01 | 1.45 | 1.65 | 1.15 |
| 23-Sep-25 | 11.41 | 10.57 | 2.81 | 6.93 |
Last Updated: 23 September 2025 5:45 PM by 5paisa
Saatvik Green Energy Limited, launching a ₹900 Cr IPO, manufactures solar modules and provides engineering, procurement, and construction (EPC) services. Since beginning operations in 2016, the company has expanded its annual installed capacity from 125 MW in 2017 to approximately 3.80 GW by June 2025. Operating two facilities in Ambala, Haryana, across 724,225 sq ft, it offers Mono PERC and N-TopCon modules, available in mono-facial and bifacial formats, suitable for residential, commercial, and utility-scale solar
Established in: 2015
Managing Director: Mr. Neelesh Garg
Peers:
| Name of the company | Saatvik Green Energy Limited | Waaree Energies Limited | Premier Energies Limited |
| Revenue from Operations for Fiscal 2025 (₹ Cr) |
|
14444.50 | 6518.75 |
| Face value per Equity Share (₹) |
2 | 10 | 1 |
| Closing Price as on September 11, 2025 |
[●] | 37391.15 | 1,066.70 |
| EPS (Basic) (₹) | 19.09 | 68.24 | 21.35 |
| EPS (Diluted)(₹) | 19.07 | 67.96 | 21.35 |
| P/E Ratio | [●] | 55.02 | 49.96 |
| “RoNW”(%) | 63.41 | 19.48 | 33.14 |
| NAV per Equity Share (₹) |
30.14 | 158.13 | 15.33 |
Saatvik Green Energy Objectives
The company intends to prepay or repay borrowings of ₹10.82 crores.
The company plans to invest ₹166.44 crores in its subsidiary for debt repayment.
₹477.23 crores will be used to set up a 4 GW solar facility in Odisha.
Remaining funds will be utilised for general corporate purposes.
Saatvik Green Energy IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹900 Cr |
| Offer For Sale | ₹200 Cr |
| Fresh Issue | ₹700 Cr |
Saatvik Green Energy IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | 14,144 |
| Retail (Max) | 13 | 416 | 1,83,872 |
| S-HNI (Min) | 14 | 448 | 1,98,016 |
| S-HNI (MAX) | 67 | 2,144 | 9,47,648 |
| B-HNI (Min) | 68 | 2,176 | 9,61,792 |
Saatvik Green Energy IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 11.41 | 38,60,119 | 4,40,28,000 | 2,047.302 |
| NII (HNI) | 10.57 | 28,96,100 | 3,06,02,304 | 1,423.007 |
| bNII (bids above ₹10L) | 11.28 | 19,30,733 | 2,17,86,144 | 1,013.056 |
| sNII (bids below ₹10L) | 9.13 | 9,65,367 | 88,16,160 | 409.951 |
| Retail Investors | 2.81 | 67,57,566 | 1,90,21,856 | 884.516 |
| Employees | 5.59 | 47,506 | 2,65,632 | 12.352 |
| Total** | 6.93 | 1,35,61,291 | 9,39,17,792 | 4,367.177 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 608.59 | 1087.97 | 2158.40 |
| EBITDA | 23.87 | 156.84 | 353.93 |
| PAT | 4.75 | 10.05 | 213.93 |
| Particulars (in Rs. Crores)] | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 262.10 | 688.04 | 1635.74 |
| Share Capital | 3.38 | 3.38 | 22.41 |
| Total Borrowings | 458.10 | 263.4 | 144.49 |
| Particulars (in Rs. Crores | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 5.03 | 43.57 | 42.60 |
| Net Cash Generated From / (used in) investing activities | -23.92 | -69.44 | -198.14 |
| Net Cash Generated From / (used in) financing activities | 32.06 | 24.94 | 148.60 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 13.17 | -0.93 | -6.94 |
Strengths
1. Established solar module manufacturer since 2016.
2. Large production capacity of approximately 3.80 GW.
3. Offers Mono PERC and N-TopCon module technologies.
4. Operates two modern facilities in Ambala, Haryana.
Weaknesses
1. Heavy reliance on subsidiary for large projects.
2. Limited geographical diversification of manufacturing facilities.
3. High capital expenditure for expansion projects.
4. Dependent on solar industry policy and incentives.
Opportunities
1. Growing demand for renewable energy in India.
2. Expansion potential with 4 GW Odisha project.
3. Rising adoption of residential and commercial solar.
4. Technological advancements in bifacial and Mono PERC modules.
Threats
1. Intense competition in solar manufacturing sector.
2. Fluctuating prices of raw materials and components.
3. Regulatory and policy changes impacting project viability.
4. Project execution delays affecting financial performance.
1. Strong manufacturing presence with 3.80 GW capacity.
2. Advanced module technologies enhancing energy efficiency.
3. Expansion plans support long-term revenue growth.
4. Participation in growing renewable energy sector.
The Indian solar energy sector is witnessing rapid growth, driven by government initiatives and rising demand for renewable power. Saatvik Green Energy, with over 3.80 GW capacity, is well-positioned to capitalise on this trend. Its advanced Mono PERC and N-TopCon modules cater to residential, commercial, and utility-scale projects. Expansion plans, including a 4 GW facility in Odisha, highlight strong growth potential in a supportive regulatory and technology-driven environment.
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FAQs
Saatvik Green Energy IPO opens from September 19, 2025 to September 23, 2025.
The size of Saatvik Green Energy IPO is ₹900 Cr.
The price band of Saatvik Green Energy IPO is fixed at ₹442 to ₹465 per share.
To apply for Saatvik Green EnergyIPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Saatvik Green Energy IPO.
● 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.
The minimum lot size of Saatvik Green Energy IPO is of 32 shares and the investment required is ₹14,880.
The share allotment date of Saatvik Green Energy IPO is September 24, 2025
The Saatvik Green Energy IPO will likely be listed on September 26, 2025.
Dam Capital Advisors Ltd is the book running lead manager for Saatvik Green Energy IPO.
Saatvik Green Energy plans to utilise the raised capital from the IPO for:
● The company intends to prepay or repay borrowings of ₹10.82 crores.
● The company plans to invest ₹166.44 crores in its subsidiary for debt repayment.
● ₹477.23 crores will be used to set up a 4 GW solar facility in Odisha.
● Remaining funds will be utilised for general corporate purposes.
Saatvik Green Energy Contact Details
Vill. Dubli,
V.P.O
Bihta Tehsil, ,
Ambala, Haryana, 133101
Phone: 0124-3626755
Email: investors@saatvikgroup.com
Website: https://saatvikgroup.com/
Saatvik Green Energy IPO Register
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: saatvik.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Saatvik Green Energy IPO Lead Manager
Dam Capital Advisors Ltd.
Ambit Pvt.Ltd.
Motilal Oswal Investment Advisors Ltd.