Saatvik Green Energy IPO; Saatvik Green Energy IPO is a book build issue of ₹900.00 crores. The issue is a combination of fresh issue of 1.51 crore shares aggregating to ₹700.00 crores and offer for sale of 0.43 crore shares aggregating to ₹200.00 crores.
Saatvik Green Energy IPO opens for subscription on Sep 19, 2025 and closes on Sep 23, 2025. The allotment for the Saatvik Green Energy IPO is expected to be finalized on Sep 24, 2025. Saatvik Green Energy IPO will list on BSE, NSE with a tentative listing date fixed as Sep 26, 2025.
Saatvik Green Energy IPO price band is set at ₹442.00 to ₹465.00 per share . The lot size for an application is 32. The minimum amount of investment required by an retail is ₹14,880 (32 shares) (based on upper price). The lot size investment for sNII is 14 lots (448 shares), amounting to ₹2,08,320, and for bNII, it is 68 lots (2,176 shares), amounting to ₹10,11,840.
Saatvik Green Energy IPO Overview
| Aspect | Details |
|---|---|
| IPO Date | September 19, 2025 to September 23, 2025 |
| Listing Date | To be announced |
| Face Value | ₹2 per share |
| Price Band | ₹442 to ₹465 per share |
| Lot Size | 32 shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,93,54,838 shares (₹900.00 Cr) |
| Fresh Issue | 1,50,53,763 shares (₹700.00 Cr) |
| Offer for Sale (OFS) | 43,01,075 shares of ₹2 (₹200.00 Cr) |
| Employee Discount | ₹44.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Pre-Issue Shareholding | 11,20,47,000 shares |
| Post-Issue Shareholding | 12,71,00,763 shares |
Saatvik Green Energy IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | Friday, September 19, 2025 |
| IPO Close Date | Tuesday, September 23, 2025 |
| Allotment Date (Tentative) | Wednesday, September 24, 2025 |
| Initiation of Refunds | Thursday, September 25, 2025 |
| Credit of Shares to Demat | Thursday, September 25, 2025 |
| Listing Date (Tentative) | Friday, September 26, 2025 |
| UPI Mandate Cut-off Time | 5:00 PM on Tuesday, September 23, 2025 |
Saatvik Green Energy IPO 2025 – Lot Size & Investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 32 | ₹14,880 |
| Retail (Maximum) | 13 | 416 | ₹1,93,440 |
| S-HNI (Minimum) | 14 | 448 | ₹2,08,320 |
| S-HNI (Maximum) | 67 | 2,144 | ₹9,96,960 |
| B-HNI (Minimum) | 68 | 2,176 | ₹10,11,840 |
About Saatvik Green Energy Ltd.
Incorporated in 2015, Saatvik Green Energy Limited is the manufacturer of modules and offers engineering, procurement and construction (“EPC”).
The company offer a comprehensive portfolio of solar module products that are currently manufactured using technologies that help reduce energy loss and enhance overall efficiency..
The company commenced their manufacturing operations in 2016 and have over the years expanded the annual installed capacity, from 125 MW as of March 31, 2017 to about 3.80 GW as of June 30, 2025.
The company operates two module manufacturing facilities in Ambala, Haryana (together, the “Ambala Facilities”) spread across a total land area of 724,225 square feet.
Products:
- Monocrystalline passive emitter and rear cell (“Mono PERC”) modules.
- N-TopCon solar modules, both types are offered in mono-facial and bifacial options, suitable for various applications, including residential, commercial and utility-scale solar projects.
As of June 30, 2025, March 31, 2025, March 31, 2024 and March 31, 2023, the company had 618, 566, 270 and 138 full-time employees.
Competitive Strengths:
- Quality Customer Base and Large Order Book
- Among the Leading Module Manufacturing Companies in India Offering Integrated Solutions to Independent Power Producers
- Innovative Technology Solutions for the Solar Industry
- Multiple Sales and Revenue Channels
- Well-Positioned to Capture Favourable Industry Tailwinds
Saatvik Green Energy Ltd. – Financial Summary (₹ in Crore)
| Financial Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 1,635.74 | 688.04 | 263.00 |
| Total Income | 2,192.47 | 1,097.18 | 617.63 |
| Profit After Tax (PAT) | 213.93 | 100.47 | 4.75 |
| EBITDA | 353.93 | 156.84 | 23.87 |
| Net Worth | 337.66 | 120.67 | 20.27 |
| Reserves & Surplus | 315.25 | 117.36 | 16.89 |
| Total Borrowing | 458.10 | 263.42 | 144.49 |
Key Financial Insights:
- Revenue Growth: Doubled (100% increase) from ₹1,097.18 Cr in FY24 to ₹2,192.47 Cr in FY25.
- Profit After Tax: Increased by 113%, rising to ₹213.93 Cr in FY25 from ₹100.47 Cr in FY24.
- EBITDA: More than doubled, indicating strong operational growth.
- Net Worth & Reserves: Significant increase, showing improved financial stability.
- Borrowing: Increased to ₹458.10 Cr, reflecting higher capital requirements for expansion.
What is the LOT Size For Saatvik Energy IPO
Saatvik Green Energy IPO lot size is 32, and the minimum amount required for application is ₹14,880.
