Saatvik Green Energy Limited Link 
Allotment
Saatvik Green Energy Ltd. IPO is a book-built issue aggregating to ₹900.20 crore, comprising a fresh issue of 1.51 crore equity shares amounting to ₹700.20 crore and an offer for sale of 0.43 crore shares valued at ₹200.00 crore.
The IPO opened for subscription on September 19, 2025, and closed on September 23, 2025. The basis of allotment was finalized on September 24, 2025, and the equity shares were listed on both the BSE and NSE on September 26, 2025.
The price band for the Saatvik Green Energy IPO is fixed at ₹465 per share, with a lot size of 32 shares. Retail investors are required to make a minimum investment of ₹14,880 (32 shares) at the upper end of the price band. For sNII investors, the minimum application size is 14 lots (448 shares), amounting to ₹2,08,320, while bNII investors must apply for 68 lots (2,176 shares), requiring an investment of ₹10,11,840.
The issue also includes a reservation of up to 47,505 shares for eligible employees, offered at a discount of ₹44 per share to the issue price.
₹465
0%
Open
₹465
HIgh - Low
₹465
Previous Close
₹465
Total Traded Value
0
52 Weeks High
₹465
52 Weeks Low
₹465
Updates On
Sep 10, 2025
IPO. Open
Sep 19, 2026
IPO. Close
Sep 23, 2026
IPO. Price
₹465.00
IPO Market price
₹5,910.19 Cr
IPO Details
| IPO Date | 26 Sep |
| IPO Listing Date | 26 Sep |
| IPO Face Value | ₹2.00 per share |
| IPO Price Range | ₹465.00 |
| IPO Issue Size | 1,93,59,079 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Book Building IPO |
| IPO Listing | BSE, NSE Platform |
| hare Holding Pre Issue | 11,20,47,000 shares |
IPO Timeline
| IPO Open Date | 19 Sep |
| IPO Close Date | 23 Sep |
| IPO Allotment (Tentative) | 24 Sep |
| Refunds | 25 Sep |
| Credit to Demat Account | 25 Sep |
| IPO Listing Date | 26 Sep |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 96,55,912 Shares |
| NII (HNI) Shares Offered | 28,96,775 Shares |
| Retail Shares Offered | 67,59,140 Shares |
IPO Lot Size
Investors can bid for a minimum of 32 shares, with additional shares to be purchased in multiples of 32.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,880 |
| 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 |
Incorporated in 2015, Saatvik Green Energy Limited is engaged in the manufacturing of solar modules and the provision of engineering, procurement, and construction (EPC) services.
The company offers a comprehensive range of high-efficiency solar modules, manufactured using advanced technologies designed to minimize energy losses and enhance overall performance.
Saatvik Green Energy commenced its manufacturing operations in 2016 and has consistently expanded its annual installed capacity, growing from 125 MW as of March 31, 2017 to approximately 3.80 GW as of June 30, 2025.
The company operates two solar module manufacturing facilities in Ambala, Haryana (collectively referred to as the Ambala Facilities), spread across a total land area of 724,225 square feet.
Product Portfolio
Monocrystalline Passive Emitter and Rear Cell (Mono PERC) solar modules
N-TopCon solar modules, available in both monofacial and bifacial variants, suitable for residential, commercial, and utility-scale solar applications
As of June 30, 2025, March 31, 2025, March 31, 2024, and March 31, 2023, the company employed 618, 566, 270, and 138 full-time personnel, respectively.
Competitive Strengths
Strong customer base supported by a robust order book
One of India’s leading solar module manufacturers offering integrated solutions to independent power producers
Innovative and advanced technology capabilities in the solar industry
Diversified sales and revenue channels
Well-positioned to benefit from favorable industry tailwinds
Company Financials (Consolidated)
| Assets | 1,635.74 | 688.04 | 263 |
| 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 | 458.1 | 263.42 | 144.49 |
Key Performance Indicator (KPI)
| ROE | 63.41% |
| ROCE | 60.45% |
| Debt/Equity | 1.36 |
| RoNW | 63.41% |
| PAT Margin | 9.76% |
| EBITDA Margin | 16.40% |
| Price to Book Value | 43.18 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 210 |
| 3 | To meet out the General Corporate Purposes; | 3.04 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Saatvik Green Energy Ltd. Address
Vill. Dubli,
V.P.O
Bihta Tehsil, ,
Ambala, Haryana, 133101
0124-3626755
investors@saatvikgroup.com
Detail Registrar
IPO Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
saatvik.ipo@kfintech.com
https://ipostatus.kfintech.com/
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