Saatvik Green Energy LTD.: This IPO is a book build issue of ₹ 900 crore, which includes a new issue of ₹ 700 crore and an offer for ₹ 200 crore. The company makes solar PV modules and is one of the fastest growing solar power companies in India.
Saatvik Green Energy Ltd. IPO Overview
The IPO aims to meet the working capital requirements of the company and invest in a subsidiary. This investment is for establishing a new 4 GW solar PV module manufacturing facility. It will play an important role in increasing India’s solar power capacity.
| Details | Descriptions |
|---|---|
| IPO Date | September 19, 2025 to September 23, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | ₹442 to ₹465 per share |
| Lot Size | 32 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 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) |
| Employee Discount | ₹44.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 11,20,47,000 shares |
| Share Holding Post Issue | 12,71,00,763 shares |
Saatvik Green Energy Ltd. IPO Schedule
The IPO will open on September 19, 2025 and will close on 23 September 2025. The allocation of shares is expected to be decided by September 24, 2025. The shares will be deposited in demat accounts by September 25, 2025.
| Details | Description |
|---|---|
| IPO Open Date | Fri, Sep 19, 2025 |
| IPO Close Date | Tue, Sep 23, 2025 |
| Tentative Allotment | Wed, Sep 24, 2025 |
| Initiation of Refunds | Thu, Sep 25, 2025 |
| Credit of Shares to Demat | Thu, Sep 25, 2025 |
| Tentative Listing Date | Fri, Sep 26, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 23, 2025 |
Saatvik Green Energy Ltd. IPO Lot Size Details
The IPO has a lot size 32 share. The minimum investment amount for retail investor is ₹ 14,880. The maximum investment amount is ₹ 1,93,440, which is for 13 lots.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 32 | ₹14,880 |
| Individual investors (Retail) (Max) | 13 | 416 | ₹1,93,440 |
| S-HNI (Min) | 14 | 448 | ₹2,08,320 |
| S-HNI (Max) | 67 | 2,144 | ₹9,96,960 |
| B-HNI (Min) | 68 | 2,176 | ₹10,11,840 |
Saatvik Green Energy Ltd. IPO Allocation
The IPO has different quota for investors. For 50% qualified institutional buyers (QIB), 15% is reserved for non-institutional investors (NII), and 35% for retail investors.
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
| Retail Shares Offered | Not less than 50.00% of the Net Issue |
Saatvik Green Energy Ltd. IPO Promoter Holding
Prior to IPO, promoters stake in the company 90.05%. After the IPO, the stake of promoters will be reduced to 70.91%. Promoters are committed to the company’s long -term development.
| Details | Promoter Holding (%) |
|---|---|
| Promoter Holding Pre Issue | 90.05% |
| Promoter Holding Post Issue | -% |
Investor Category Reservations
Reservation for various investor categories has been determined under the IPO. 35%for retail investors, 15%for non-institutional investors, and 50%quota for qualified institutional buyers (QIB). Employees have also been exempted.
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII | Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs) If applying as RII: Upto Rs. 2 lakhs If applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs | Yes for Employee and RII/NII |
Overview of Saatvik Green Energy Ltd.
In 2015, Saatvik is the creator of Green Energy Limited Module and Offer Engineering, Procurement and Construction (“EPC”). The company offers a broad portfolio of solar module products that are currently produced using technologies that help reduce energy loss and increase overall efficiency.
The company launched its manufacturing operations in 2016 and expanded the annual established capacity over the years, from 125 MW to 31 March 2017 from 30 June, 2025 to approximately 3.80 GW.
Product:
- Monocristline passive emitter and rear cell (“mono perc”) module.
- N-Topcon solar modules are introduced in both mono-facial and bifacial options, which are suitable for various applications including solar projects on residential, commercial and utility-prime.
Competitive strength:
- Many sales and revenue channels
- Quality customer base and large order book
- New technology solution for solar industry
- Posted well to catch the favorable industry tailwind
- Leading modules in India provide integrated solutions to independent power producers in manufacturing companies
Company Financials
Saatvik Green Energy Ltd. Financial Information (Restated Standalone)
The company recorded a revenue of ₹ 2,158.39 crore in the financial year 2024-25 and after a tax of ₹ 213.93 crore. This indicates a revenue growth of 98.39% and a profit increase of 113% compared to the previous year.
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
|---|---|---|---|
| Assets | 1,635.74 | 688.04 | 263.00 |
| Total Income | 2,192.47 | 1,097.18 | 617.63 |
| Profit After Tax | 213.93 | 100.47 | 4.75 |
| EBITDA | 353.93 | 156.84 | 23.87 |
| Net Worth | 337.66 | 120.67 | 20.27 |
| Reserves and Surplus | 315.25 | 117.36 | 16.89 |
| Total Borrowing | 458.10 | 263.42 | 144.49 |
Key Performance Indicator (KPI)
The market cap. of Saatvik Green Energy Ltd. IPO is ₹5910.19 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 63.41% |
| ROCE | 60.45% |
| Debt/Equity | 1.37 |
| RoNW | 63.41% |
| PAT Margin | 9.76% |
| EBITDA Margin | 16.40% |
| Price to Book Value | 43.18 |
Saatvik Green Energy Ltd. Contact Details
- Saatvik Green Energy Ltd.
- Vill. Dubli, V.P.O
- Bihta Tehsil, ,
- Ambala, Haryana, 133101
- Phone: 0124-3626755
- Email: investors@saatvikgroup.com
- Website: https://saatvikgroup.com/
Saatvik Green Energy Ltd. IPO Registrar
Kfin Technologies Ltd.
| Details | Descriptions |
|---|---|
| Phone: | 04067162222, 04079611000 |
| Email: | saatvik.ipo@kfintech.com |
| Website: | https://ipostatus.kfintech.com/ |
Saatvik Green Energy Ltd. IPO FAQs
How to apply in Saatvik Green Energy Ltd. through Zerodha?
You can apply online through your Zerodha account by using the ASBA or UPI payment methods.
When Saatvik Green Energy Ltd. will open?
The VMS TMT Ltd. IPO will open on Fri, Sep 19, 2025.
What is the lot size of Saatvik Green Energy Ltd.?
The lot size is 32 shares
How to apply for Saatvik Green Energy Ltd.?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
When is Saatvik Green Energy Ltd. allotment
The allotment is expected to be finalized on Wed, Sep 24, 2025.
When is Saatvik Green Energy Ltd. listing date?
The tentative listing date is Fri, Sep 26, 2025
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