Saatvik Green Energy IPO is scheduled to open on Friday, September 19, 2025, and will close on Tuesday, September 23, 2025. The allotment is likely to be finalized on Wednesday, September 24, 2025, with refunds and credit of shares expected on Thursday, September 25, 2025. The IPO is planned to list on Friday, September 26, 2025, at both BSE and NSE. Investors should note that the cut-off time for UPI mandate confirmation is 5 PM on Tuesday, September 23, 2025.
Saatvik Green Energy IPO is a book-built issue worth ₹900 crores, which includes a fresh issue of ₹700 crores and an offer for sale of 43,01,075 equity shares amounting to around ₹200 crores. The price band is fixed between ₹442 to ₹465 per share, and the lot size is 32 shares, making the minimum retail investment ₹14,880.
For sNII, the minimum investment is 14 lots (448 shares) worth ₹2,08,320, while for bNII it is 68 lots (2,176 shares) worth ₹10,11,840. The IPO quota is divided as QIB 50%, Retail 35%, and HNI 15%. On the financial front, the company reported a strong growth in revenue at ₹2,192.47 crores in FY2025 compared to ₹1,097.18 crores in FY2024, while the profit after tax rose to ₹213.93 crores in FY2025 from ₹100.47 crores in FY2024, reflecting consistent performance.
Overview of Contents
About Saatvik Green Energy IPO
Saatvik Green Energy Limited, incorporated in 2015, is a solar module manufacturer that also provides engineering, procurement, and construction (EPC) services. The company started its manufacturing operations in 2016 and has grown its annual installed capacity from just 125 MW in March 2017 to nearly 3.80 GW by June 2025. Its two large manufacturing units are located in Ambala, Haryana, covering a land area of over 7.2 lakh square feet.
Saatvik offers a wide range of solar products, including Monocrystalline PERC modules and advanced N-TopCon modules, available in both mono-facial and bifacial versions, which are suitable for residential, commercial, and utility-scale projects. The company has expanded its workforce consistently, employing 618 people as of June 2025. Its key strengths include a strong customer base, a healthy order book, leadership in India’s solar manufacturing sector, innovative technology solutions, diversified revenue channels, and the ability to benefit from the fast-growing demand for renewable energy.
Saatvik Green Energy IPO Overview
| Particulars | Information |
|---|---|
| Face Value | ₹2 per share |
| IPO Price Band | ₹442 to ₹465 per share |
| Lot Size | 32 Shares |
| Sale Type | Fresh Issue + Offer for Sale |
| Total Issue Size | 1,93,54,838 shares (aggregating up to ₹900 Cr) |
| Fresh Issue | 1,50,53,763 shares (aggregating up to ₹700 Cr) |
| Offer for Sale | 43,01,075 shares (aggregating up to ₹200 Cr) |
| Employee Discount | ₹44.00 per share |
| Issue Type | Book Built IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 11,20,47,000 shares |
| Shareholding Post-Issue | 12,71,00,763 shares |
Saatvik Green Energy IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Saatvik Green Energy IPO Dates
| Event | Date & Day |
|---|---|
| IPO Open Date | September 19, 2025 – Friday |
| IPO Close Date | September 23, 2025 – Tuesday |
| Basis of Allotment | September 24, 2025 – Wednesday |
| Refunds Initiation | September 25, 2025 – Thursday |
| Credit of Shares to Demat | September 25, 2025 – Thursday |
| IPO Listing Date | September 26, 2025 – Friday |
| Cut-off time for UPI Mandate | September 23, 2025 – Tuesday, 5 PM |
Saatvik Green Energy IPO Lot Size
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| B-HNI (Minimum) | 68 | 2,176 | 10,11,840 |
| S-HNI (Maximum) | 67 | 2,144 | 9,96,960 |
| S-HNI (Minimum) | 14 | 448 | 2,08,320 |
| Retail (Maximum) | 13 | 416 | 1,93,440 |
| Retail (Minimum) | 1 | 32 | 14,880 |
Saatvik Green Energy IPO Performance
| Particulars | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| 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 |
| Assets | 1,635.74 | 688.04 | 263.00 |
| Net Worth | 337.66 | 120.67 | 20.27 |
| Reserves & Surplus | 315.25 | 117.36 | 16.89 |
| Total Borrowing | 458.10 | 263.42 | 144.49 |
Saatvik Green Energy IPO GMP
- To Be Updated Soon
Saatvik Green Energy IPO Review
- To Be Updated
Saatvik Green Energy IPO Valuation – FY2025
| Metric | Value |
|---|---|
| Earnings Per Share (EPS) | ₹19.09 (Basic) |
| Net Asset Value (NAV) | ₹30.14 |
| Return on Equity (ROE) | 63.41% |
| Return on Net Worth (RoNW) | 63.41% |
| Return on Capital Employed (ROCE) | 60.45% |
| EBITDA Margin | 16.40% |
| PAT Margin | 9.76% |
| Debt-to-Equity Ratio | 1.36 |
| Price-to-Earnings (P/E) Ratio | N/A |
Peer Comparison – Waaree Energies vs Premier Energies
| Company Name | Income (₹ Cr.) | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
|---|---|---|---|---|---|
| Waaree Energies Ltd. | 14,444.50 | 68.24 | 55.02 | 19.48% | 158.13 |
| Premier Energies Ltd. | 6,518.75 | 21.35 | 49.96 | 33.14% | 15.33 |
Saatvik Green Energy IPO – Key Contact Information
📌 IPO Lead Managers (Merchant Bankers)
- DAM Capital Advisors Ltd.
- Ambit Pvt. Ltd.
- Motilal Oswal Investment Advisors Ltd.
📌 Company Address
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/
📌 IPO Registrar
Kfin Technologies Ltd.
📞 Phone: 040-67162222, 040-79611000
📧 Email: saatvik.ipo@kfintech.com
🌐 Website: https://ipostatus.kfintech.com/
Saatvik Green Energy IPO FAQs
What is Saatvik Green Energy IPO?
Saatvik Green Energy IPO is a public issue of equity shares where the company aims to raise funds for business expansion, working capital, and other corporate purposes.
What are the IPO opening and closing dates?
The opening and closing dates of the Saatvik Green Energy IPO will be announced soon.
What is the face value of Saatvik Green Energy IPO shares?
The face value of each share is yet to be disclosed in the draft prospectus.
What is the price band of the IPO?
The IPO price band will be announced closer to the opening date.
What is the lot size for retail investors?
The lot size (minimum number of shares per application) will be declared once SEBI and exchanges approve the IPO.
How to apply for Saatvik Green Energy IPO?
Investors can apply via ASBA (through their bank account) or through UPI applications using broker platforms like Zerodha, Groww, Angel One, or Upstox once the IPO opens.
Who are the lead managers of the IPO?
The lead managers (merchant bankers) are DAM Capital Advisors Ltd., Ambit Pvt. Ltd., and Motilal Oswal Investment Advisors Ltd.
Who is the IPO registrar?
The registrar for the IPO is Kfin Technologies Ltd.