Saatvik Green Energy IPO on 19 Sept

Saatvik Green Energy IPO Details

Saatvik Green Energy Ltd. IPO will open on 19 September 2025 and close on 23 September 2025, with tentative listing on 26 September 2025 on NSE and BSE. The issue size is Rs.900 crore, comprising a fresh issue of Rs.700 crore and an OFS of Rs.200 crore. The price band is fixed at Rs.442–465 per share, with a lot size of 32 shares. Eligible employees will get a discount of Rs.44 per share.
Dam Capital Advisors Ltd. is the Book Running Lead Manager, while Kfin Technologies Ltd. acts as the Registrar.

🕗 Last Update: 17 September 2025, 8.00 AM

Table of Contents

Saatvik Green Energy IPO Key Dates

Anchor portion
IPO opens on 19 Sept 2025
IPO Closes on 23 Sept 2025
IPO Allotment on 24 Sept 2025
Unblocking of Asba 25 Sept 2025
Credit of Shares 25 Sept 2025
Listing of Shares 26 Sept 2025

Who are the promoters of Saatvik Green Energy IPO?   
Neelesh Garg, Manik Garg, Manavika Garg and SPG Trust are the company promoters.

The promoters hold ?% shares in the post IPO capital of the company.

What are the Objects of Saatvik Green Energy IPO?

The Offer comprises of fresh issue of capital and an offer for sale & the objects are

+Prepayment or scheduled re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company.
+Investment in the wholly owned Subsidiary, Saatvik Solar Industries Private Limited, in the form of debt or equity for repayment/prepayment of borrowings, in full or in part, of all or a portion of certain outstanding borrowings availed by such Subsidiary.
+Investment in the wholly owned Subsidiary, Saatvik Solar Industries Private Limited, for setting up of a 4 GW solar PV module manufacturing facility at National Highway – 16, Chamakhandi, Gopalpur Industrial Park, Gopalpur, Ganjam – 761 020, Odisha.
+General Corporate Purposes

What is the business of Saatvik Green Energy?

Saatvik Green Energy Ltd., incorporated in 2015, is engaged in manufacturing of solar modules along with providing Engineering, Procurement & Construction (EPC) and Operations & Maintenance (O&M) services, mainly catering to EPC projects.

The company’s product portfolio includes:

  • Mono PERC modules (monocrystalline passive emitter & rear cell)

  • N-TopCon solar modules (both mono-facial & bifacial options)
    These are suitable for residential, commercial, and large-scale utility solar projects.

Saatvik uses M10 technology for Mono PERC modules, and M10, G12, M10R & G12R technologies for N-TopCon modules, ensuring higher efficiency and adaptability.

The company has supplied solar modules to landmark projects such as the floating solar PV project at Ramagundam, Telangana (FY23) and the Raghanseda Solar Park in Banaskantha, Gujarat (FY23).

Saatvik operates two module manufacturing facilities at Ambala, Haryana, spread over 7.24 lakh sq. ft. As of June 30, 2024, its distribution network comprised 34 selling partners – 13 resellers, 16 distributors, and 5 channel partners – across various states of India.

Saatvik Green Energy IPO Details

 
IPO opens on  19 September 2025
IPO closes on  23 September 2025 
Issue Type Book Built Issue IPO
Issue Size 193,54,838 Shares /
Rs 900 Crore
* Fresh Issue Rs 700 Crore
* Offer for Sale  Rs 200 Crore
   
Face Value per share: Rs. 2
Price Band  Rs. 442-465
Retail Discount  Rs 0 per share
Employee discount  Rs. 44 per share
Retail Lot Size  32 Shares
Listing will at  BSE, NSE

How are the shares offered in Saatvik Green Energy IPO?

Investor Category Shares Offered
QIB Shares Offered Not less than 50% of the Net Offer
Retail Shares Offered Not more than 35% of the Net Offer
NII Shares Offered Not more than 15% of the Net Offer

How can the shares be applied in ivalue Infosolutions IPO?

Application Lots Shares Amount
Rs.
Retail (Min) 1 32 14,880
Retail (Max) 13 416 193,440
S-HNI (Min) 14 448 208,320
S-HNI (Max) 67 2144 9,96,960
B-HNI (Min) 68 2176 10,01,840

Saatvik Green Energy IPO allotment Status

Allotment of this IPO will be announced on 24 September 2025 and the link to check allotment is given below:
https://ipostatus.kfintech.com/

Registered Office of the company
Saatvik Green Energy Ltd.
Vill. Dubli,
V.P.O
Bihta Tehsil, ,
Ambala, Haryana, 133101

Email: investors@saatvikgroup.com

Who are the Lead Managers of
Saatvik Green Energy IPO?
DAM Capital Advisors Ltd
Ambit Pvt ltd
Motilal Oswal Investment Advisors Ltd
Registrar to IPO
Kfin Technologies Limited

Saatvik Green Energy IPO Financial Snapshot

Key Performance Indicators

 

How Saatvik Green Energy IPO compares with the Peers?
Peer Comparison.

 

 

Saatvik Green Energy IPO Concise Review by Paresh Gordhandas, CA & Research Analyst

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What is the size of Saatvik Green Energy IPO?

The IPO is a Rs.900 crore comprising of fresh issue of Rs. 700 crore and Offer for Sale (OFS) of Rs. 200 crores

What are the IPO dates and listing details?

Opens on 19 Sept 2025, closes on 23 Sept 2025. Tentative listing on 26 Sept 2025 at BSE & NSE.

What is the lot size and minimum investment?

Lot size is 32 shares, requiring a minimum retail investment of Rs.14,880 at the upper band. For NIIs: sNII – 14 lots (Rs.2.06 lakh), bNII – 68 lots (Rs.10.02 lakh).

Should you apply in this IPO?

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Saatvik Green Energy IPO dates

Saatvik Green Energy IPO price & Lot

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