Saatvik Green Energy IPO worth ₹900 Cr, will open for subscription from 19 to 23 Sep 2025. Saatvik Green Energy IPO allotment is expected on 24 September, and shares are likely to be listed on BSE & NSE on 26 Sep. The price band is ₹442 to ₹465 per share. Saatvik Green Energy IPO GMP today stands at 15.70%.
Saatvik Green Energy IPO GMP Live Rates Day by Day
Saatvik Green Energy GMP today (17th Sep 2025) is ₹73, indicating a possible listing near the IPO’s upper band of ₹465. GMP values change daily, and we’ll keep you updated with the latest figures.
Remember, Grey Market Premium (GMP) is the unofficial price at which an IPO trades before listing, offering an early hint of its performance. A positive GMP indicates potential gains, while a negative GMP signals a discount. However, since GMP is highly volatile, investors should not rely on it alone and must consider other factors before investing in Saatvik Green Energy IPO.
GMP figures are for news purposes only. We neither trade nor recommend trading in the grey market.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit |
|---|---|---|---|---|
| 17-09-2025 | ₹ 465 | ₹73 | ₹538 (15.70%) | ₹2336 |
Saatvik Green Energy IPO Details
- Saatvik Green Energy’s IPO is worth ₹900.00 Cr, which is a combination of fresh issue of 1.51 Cr shares aggregating to ₹700.00 Cr and OFS of 0.43 Cr shares aggregating to ₹200.00 Cr and the price band is set between ₹442 to ₹465.
- Saatvik Green Energy’s IPO will open for subscription on 19 Sep 2025 and close on 23 Sep 2025. Saatvik Green Energy’s IPO allotment is likely to take place on 24 Sep 2025 and the shares are expected to be listed on BSE and NSE on 26 Sep 2025.
- Saatvik Green Energy’s promoters currently hold 90.05% of the company but after the IPO, their revised shareholding will be published.
- The issue aims to raise ₹900 Cr for debt repayment (₹10.82 Cr, 1.54%), subsidiary borrowings (₹166.44 Cr, 23.77%), capex (₹477.23 Cr, 68.17%), and general corporate purposes (₹45.51 Cr, 6.5%).
- Kfin Technologies Ltd. will be the registrar for Saatvik Green Energy's IPO.
Saatvik Green Energy IPO Dates
Here are some important dates for Saatvik Green Energy IPO.
| IPO Open Date | 19-Sep-25 |
| IPO Close Date | 23-Sep-25 |
| IPO Allotment Date | 24-Sep-25 |
| Initiation of Refunds | 25-Sep-25 |
| Demat Credits | 25-Sep-25 |
| Listing Date | 26-Sep-25 |
| Listing on | BSE, NSE |
Saatvik Green Energy IPO Reservation
For Saatvik Green Energy IPO, 35% has been reserved for retail investors.
| Investor Category | Shares Offered |
|---|---|
| QIB Investors | 50% |
| Retail Investors | 35% |
| NII (HNI) Investors | 15% |
Saatvik Green Energy IPO Lot Size
Retail investors can apply for a minimum of 1 lot, which includes 32 shares costing ₹14,880. Maximum investment allowed for retail investors is 13 lots, which totals 416 shares and costs ₹1,93,440.
| Application | Lots | Shares | 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 |
About Saatvik Green Energy IPO
Saatvik Green Energy, incorporated in 2015 and based in Ambala, Haryana, is a leading solar PV module manufacturer in India. The company commenced manufacturing operations in 2016 with an initial capacity of 125 MW and has since expanded to 3.80 GW as of June 30, 2025, operating two state-of-the-art facilities spread across 724,225 square feet.
Saatvik specialises in high-efficiency Mono PERC and N-Type TOPCon modules, available in both mono-facial and bifacial options, catering to residential, commercial, and utility-scale projects for IPPs, EPC contractors, and other clients in India and select global markets.
Backed by a strong customer base, innovative technology, multiple revenue channels, and industry tailwinds, the company is further expanding with a 4.0 GW solar PV module facility in Odisha and a 4.8 GW cell line to achieve full backward integration. With over 600 employees and a growing order book, Saatvik Green Energy is well-positioned to strengthen its role in India’s renewable energy transition.
Saatvik Green Energy IPO Financial Performance
Saatvik Green Energy reported a PAT of ₹213.93 Cr on 31 March 2025 and in FY24 reported ₹100.47 Cr. Over the past 3 years, the company has reported positive PAT. All financial details are provided in the table below.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹Cr) | 1,635.74 | 688.04 | 263 |
| Total income (₹Cr) | 2,192.47 | 1,097.18 | 617.63 |
| PAT (₹Cr) | 213.93 | 100.47 | 4.75 |
| EBITDA (₹Cr) | 353.93 | 156.84 | 23.87 |
| Net Worth | 337.66 | 120.67 | 20.27 |
| Reserves and Surplus (₹Cr) | 315.25 | 117.36 | 16.89 |
| Total Borrowing (₹Cr) | 458.1 | 263.42 | 144.49 |
| Debt/Equity | 1.36 | 2.18 | 7.13 |
| PAT Margin (%) | 9.76 | 9.16 | 0.77 |
| ROE (%) | 63.41 | 83.21 | 23.4 |
| ROCE (%) | 60.45 | 64.07 | 24.8 |
Saatvik Green Energy IPO Peer Comparison from RHP
Saatvik Green Energy IPO has the lowest EPS compared to its peers. Higher EPS is always considered better. Below is a quick comparison of Saatvik Green Energy vs Shakti Pumps.
The table below shows peer comparison from RHP data.
| Company | EPS Diluted (₹) | P/E (x) |
|---|---|---|
| Saatvik Green Energy | 19.07 | 27.63 |
| Waaree Energies | 67.96 | 55.02 |
| Premier Energies | 21.35 | 49.96 |
Saatvik Green Energy IPO Strengths and Weaknesses
Knowing about the strengths and weaknesses of Saatvik Green Energy IPO helps you make an informed decision.
- Wide and reliable customer base with a healthy order pipeline.
- One of India’s top solar module manufacturers with integrated solutions for IPPs.
- Strong focus on innovation and advanced technology in solar modules.
- Experienced promoters and leadership team driving sustainable growth.
- Heavy reliance on Mono PERC modules, contributing the bulk of revenue.
- Odisha expansion project may face delays or cost overruns.
- High dependence on Chinese imports for key raw materials.
- Revenue concentration risk as a few top customers account for most sales.
Saatvik Green Energy IPO GMP FAQs
What is Saatvik Green Energy IPO GMP Today?
Saatvik Green Energy IPO GMP today is ₹73.
What are Saatvik Green Energy IPO Expected Returns?
Saatvik Green Energy IPO Expected Returns is 15.70%,, as of today, this may change in the coming days.
When will Saatvik Green Energy IPO open and close?
Saatvik Green Energy’s IPO will open for subscription on 19 Sep 2025 and close on 23 Sep 2025.
What is the lot size for Saatvik Green Energy IPO?
Retail Investors can bid for a minimum of 1 lot, which includes 32 shares. And one lot will cost you around ₹14,880.
What is the share allotment date for Saatvik Green Energy IPO?
The allotment of shares is expected to be completed by 24 Sep 2025.
Who is the registrar of Saatvik Green Energy IPO?
Kfin Technologies Ltd. is the registrar for Saatvik Green Energy’s IPO.
Is Saatvik Green Energy IPO good to buy?
Saatvik Green Energy IPO may attract investors with its strong financials, healthy ROE and ROCE, and consistent positive PAT over the past three years.
Happy investing and thank you for reading!
Disclaimer:
This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.
