Saatvik Green Energy Limited's initial public offering (IPO) has demonstrated strong investor interest through its final day of subscription, with Saatvik Green Energy's stock price set at ₹442-465 per share reflecting positive market reception. The ₹900.00 crore IPO reached 6.93 times by 5:04:38 PM on day three.
Saatvik Green Energy IPO qualified institutional buyers segment leads with strong 11.41 times subscription, whilst non-institutional investors show strong 10.57 times and employee segment demonstrates moderate participation at 5.59 times, whilst individual investors show moderate participation at 2.81 times and anchor investors show complete participation at 1.00 times.
IPO Subscription Status
Invest in Indian Markets and Unlock Future Potential With 5paisa!Saatvik Green Energy IPO subscription reached strong 6.93 times on day three, led by Qualified Institutional Buyers Ex-Anchor (11.41x), Non-Institutional Investors (10.57x), and Employees (5.59x). Total applications reached 5,26,482.
| Date | QIB (Ex Anchor) | NII | Individual Investors | Employee | Total |
|---|---|---|---|---|---|
| Day 1 (September 19) | 0.01 | 0.70 | 0.93 | 2.03 | 0.62 |
| Day 2 (September 22) | 0.01 | 1.45 | 1.65 | 3.54 | 1.15 |
| Day 3 (September 23) | 11.41 | 10.57 | 2.81 | 5.59 | 6.93 |
Day 3 Subscription Details
Here are the subscription details for Saatvik Green Energy IPO as of Day 3 (September 23, 2025, 5:04:38 PM):
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 57,93,547 | 57,93,547 | 269.40 |
| QIB (Ex Anchor) | 11.41 | 38,60,119 | 4,40,28,000 | 2,047.30 |
| Non-Institutional Buyers | 10.57 | 28,96,100 | 3,06,02,304 | 1,423.01 |
| Individual Investors | 2.81 | 67,57,566 | 1,90,21,856 | 884.52 |
| Total | 6.93 | 1,35,61,291 | 9,39,17,792 | 4,367.18 |
Key Highlights - Day 3:
- Overall subscription reached strong 6.93 times, showing remarkable surge from day two's 1.15 times indicating strong final-day momentum.
- Qualified institutional buyers (ex-anchor) displaying strong interest at 11.41 times, building massively from day two's 0.01 times showing sudden institutional confidence.
- Non-institutional investors showing strong performance at 10.57 times, building substantially from day two's 1.45 times with bNII segment at 11.28 times.
- Individual investors demonstrating moderate confidence at 2.81 times, building from day two's 1.65 times showing steady retail interest.
- Total applications reached 5,26,482, indicating substantial investor participation for this mainboard IPO.
- Cumulative bid amount reached ₹4,367.18 crores, representing 485% of the issue size of ₹900.00 crores.
Key Highlights - Day 2:
- Overall subscription reached limited 1.15 times, showing improvement from day one's 0.62 times.
- Employee segment showing moderate performance at 3.54 times, building from day one's 2.03 times.
- Individual investors displaying limited confidence at 1.65 times, building from day one's 0.93 times.
- Non-institutional investors showing limited performance at 1.45 times, building from day one's 0.70 times.
Key Highlights - Day 1:
- Overall subscription reached limited 0.62 times, showing cautious initial investor interest in this solar manufacturing IPO.
- Employee segment showing moderate performance at 2.03 times, indicating internal confidence from the start.
- Individual investors displaying limited confidence at 0.93 times, showing measured retail sentiment.
- Non-institutional investors showing limited performance at 0.70 times, indicating weak initial HNI appetite.
About Saatvik Green Energy Ltd.
Incorporated in 2015, Saatvik Green Energy Limited is a solar module manufacturer offering EPC services with annual installed capacity of 3.80 GW as of June 2025, operating two manufacturing facilities in Ambala, Haryana, and producing Mono PERC and N-TopCon solar modules for residential, commercial and utility-scale projects.
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