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IPO Rating
Quality Score 
0/0
Growth Score
0/0
Valuation Score
0/0
Bidding Date
19-Sep-2025 to
23-Sep-2025
Issue Size
₹900 Cr
Price Band
₹442 to ₹465
Allotment date
24-Sep-2025
Listing date
26-Sep-2025
Lot size
32
No. of shares
1,93,54,839
Fresh issue/OFS
₹700 Cr/₹200 Cr
Saatvik Green Energy Limited, incorporated in 2015 and converted into a public limited company in 2024, is a prominent manufacturer of high-efficiency solar photovoltaic (PV) modules, specializing in Mono PERC and N-TopCon technologies available in monofacial and bifacial configurations. The company operates one of India’s largest single-location module manufacturing facilities in Ambala, Haryana, with a capacity of 3.8 GW, expanding towards 4.8 GW, and is developing an additional advanced 4 GW facility in Odisha. Saatvik’s product portfolio serves residential, commercial, and utility-scale solar markets, supported by a strong network of 53 selling partners including distributors and channel partners, with key customers such as JSW Neo Energy and Shree Cement. The company emphasizes innovation, operational efficiency, sustainability, and strategic expansion, focusing on high-quality product development and collaborative customer engagement to drive growth and meet evolving energy needs.
Category
Status
QIBs
10.8x
NIIs
10x
Retail
2.7x
Others
5.3x
Total
6.6x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Novus Loyalty | 139 - 146 | 17-Mar-2026 to 20-Mar-2026 |
| Powerica | 375 - 395 | 24-Mar-2026 to 27-Mar-2026 |
| Amir Chand Jagdish Kumar (Exports) | 201 - 212 | 24-Mar-2026 to 27-Mar-2026 |
| Highness Microelectronics | 114 - 120 | 24-Mar-2026 to 27-Mar-2026 |
The issue size of Saatvik Green Energy is ₹900.00 Cr.
Saatvik Green Energy falls into Energy Equipment & Services industry.
The Saatvik Green Energy IPO will be listed on both NSE and BSE.
The open and close dates for the Saatvik Green Energy are 19-Sep-2025 & 23-Sep-2025.
The price band for the Saatvik Green Energy ipo is ₹442 to ₹465
The listing date of Saatvik Green Energy IPO is 26-Sep-2025.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Saatvik Green Energy total subscription ratio is 6.6X.
Key financial of the Saatvik Green Energy are:
| Saatvik Green Energy | FY-25 | FY-24 | FY-23 |
|---|---|---|---|
| Revenue (₹ Cr) | 2158.39 | 1087.97 | 608.59 |
| EBIT (₹ Cr) | 291.45 | 138.23 | 10.2 |
| Proft after Tax (₹ Cr) | 213.93 | 100.47 | 4.75 |
| Debt (₹ Cr) | 458.1 | 263.42 | 144.49 |
| Net Worth (₹ Cr) | 337.66 | 120.74 | 20.27 |
| RoE (%) | 63.36 | 83.21 | 23.41 |
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