IPO - Check IPO Date, Price, Lot Size

Saatvik Green Energy Ltd IPO

We are a solar photovoltaic module manufacturer with an operational capacity of about 3.80 GW as of June 30, 2025. Our solar energy products include Mono PERC modules and N-TopCon solar modules, each offered in mono-facial and bifacial options, suitable for various applications and sectors, including residential, commercial and utility scale solar projects. We also provide end-to-end engineering, procurement and construction services for solar projects, which include ground-mounted solar installations and rooftop solar installations, and we provide operations and maintenance services to customers in relation to such projects undertaken by us.

Saatvik Green Energy Ltd IPO Details

Total Shares Offered

₹ 1,93,54,838

Offer to Public

43,01,075

Retail Max (Shares)

₹ 67,59,139

Pre Issue Promoters Holding

₹ 10,08,92,970

Exchange

BSE

Issue size

₹ 900 Cr

IPO Open Date

Sep 19, 2025

Close Date

Sep 23, 2025

Lot Size

Min Investment

₹ 14,144

Issue Type

Book Building

Listing Date

Sep 26, 2025

Saatvik Green Energy Ltd IPO Dates

Sep 19, 2025

Opening date

Sep 23, 2025

Closing date

Sep 24, 2025

Basis of Allotment

Sep 25, 2025

Initiation of Refunds

Sep 25, 2025

Credit of Shares

Sep 26, 2025

Listing date

Details

Sector	Type
Sector	Electric Equipment
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	4.56x	9655914	44028000
NII	10.56x	2896774	30602752
Retail	2.8x	6759139	18912288
Employee	6.18x	43011	265632
Total	4.85x	19354838	93808672

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

4.56x

10.56x

2.8x

6.18x

4.85x

9655914

2896774

6759139

43011

19354838

44028000

30602752

18912288

265632

93808672

Saatvik Green Energy Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	1,087.97	608.59	10.74
EBITDA	155.58	19.91	13.21
PAT	100.28	4.76	5.96
Total Assets	535.84	221.08	198.93
Share Capital	3.38	3.38	3.38
Total Borrowings	310.26	166.72	142.76
Operating Activities (Net Cash)	110.92	11.38	8.43
Investing Activities (Net Cash)	8.80	0.00	0.00
Financing Activities (Net Cash)	310.26	166.72	142.76
Net Cashflow	14.57	11.20	0.16

About Saatvik Green Energy Ltd

Our Company was incorporated as `Saatvik Green Energy Private Limited', a private limited company under the provisions of the Companies Act, 2013, pursuant to a certificate of incorporation dated May 29, 2015, issued by the Registrar of Companies, Chandigarh. Our Company was subsequently converted from a private company to a public company, pursuant to resolutions passed by our Board on September 20, 2024 and by our Shareholders dated September 21, 2024, consequent to which its name was changed to Saatvik Green Energy Limited, and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the RoC on October 3, 2024.

Renewable energy installations (including large hydro) have increased to approximately 233 GW as of June 2025 as compared to approximately 123 GW as of March 2019, with solar power accounting for approximately 116 GW as of June 2025. In Fiscal 2025, approximately 24 GW of solar capacity additions were registered and crossed 100 GW in total installed capacity. India has the potential to support 750 GW of solar energy installations and has been offering several incentives and schemes to encourage the development of solar power plants.

Peer Comparison:

Waaree Energies Ltd
Premier Energies Ltd

Saatvik Green Energy Ltd Key Points

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.

Risk

There are risks associated with solar module manufacturing. If such risks materialize, our business, financial condition and results of operations, among others, could be adversely affected.

Our business is dependent on certain key customers, and our top 10 customers contributed 57.77%, 63.86% and 79.38% of our revenue from operations in Fiscals 2025, 2024 and 2023, respectively. The loss of revenue from any of these customers could have a material adverse effect on our business, financial condition, results of operations and cash flows.

Changes in the price of solar PV cells and other raw materials could adversely affect our manufacturing of solar PV modules.

Strategy

Backward Integration into Cell Manufacturing.

Maintain Our Position in the Solar Industry and Focus on Growing Share of Export Sales and EPC Services Internationally while expanding Customer Base in India and Internationally.

Continue to Develop and Reinforce Technology to Manufacture Quality Modules.

Expand Distribution Network across India and Create Retail Brand for Solar Panels.

How To Apply for Saatvik Green Energy Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Saatvik Green Energy Ltd IPO?

Saatvik Green Energy Ltd's IPO offers shares for up to 700 It begins on Sep 19, 2025 and ends on Sep 23, 2025.

What is the price of the Saatvik Green Energy Ltd IPO?

The price of Saatvik Green Energy Ltd IPO ranges between ₹442 to ₹465 per share.

What are the open and close dates for the Saatvik Green Energy Ltd IPO?

The Saatvik Green Energy Ltd IPO opens on Sep 19, 2025 and closes on Sep 23, 2025.

When will the Saatvik Green Energy Ltd IPO be allotted?

The allotment for the Saatvik Green Energy Ltd IPO will be finalised on Sep 24, 2025. The shares will be listed on BSE and NSE on Sep 26, 2025.

What is the minimum lot size required for Saatvik Green Energy Ltd IPO?

The minimum lot size for Saatvik Green Energy Ltd IPO is 32 shares, priced between ₹442 to ₹465 per share.

What is the GMP of Saatvik Green Energy Ltd IPO?

The GMP (Grey Market Premium) of Saatvik Green Energy Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Saatvik Green Energy Ltd IPO?

To check the allotment status of Saatvik Green Energy Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Saatvik Green Energy Ltd IPO getting listed?

The Saatvik Green Energy Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 19, 2025, and closes on Sep 23, 2025. The allotment is finalised on Sep 24, 2025.

How do you apply for the Saatvik Green Energy Ltd IPO?

To apply for the Saatvik Green Energy Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.