Saatvik Green Energy Limited IPO
Saatvik Green Energy Limited IPO
Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹442 - ₹465

Total Issue

₹900 Cr

Bid Dates

19 Sep - 23 Sep

Subscription

6.92x

Listing Price

₹465 (0.00%)

Website RHP Check Allotment

Valuation

Market Cap

₹5,910.39 Cr

P/E Ratio

24.38x

P/B Ratio

15.43x

Saatvik Green Energy IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Saatvik Green Energy Limited is a solar photovoltaic module manufacturer with an operational capacity of 3.80 GW as of February 28, 2025. Its product range includes Mono PERC and N-TopCon modules in both mono-facial and bifacial options, catering to residential, commercial, and utility-scale projects. In addition to manufacturing, the company provides end-to-end EPC services for ground-mounted and rooftop solar installations, along with operations and maintenance support, offering comprehensive solutions across the solar energy value chain.

Saatvik Green Energy IPO Lot Size

Lot Information for Saatvik Green Energy IPO
Category 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
Allocate Funds

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
₹ 2 Cr
Shareholder
NA

Saatvik Green Energy IPO Size

Total ₹900.00 Cr
Fresh Issue
₹700 Cr (1.51 Cr Shares)
Offer For Sale
₹200 Cr (0.43 Cr Shares)

Objects of Issue

  1. Prepayment in full or in part, of all or a portion of certain outstanding borrowings availed by our Company
  2. Setting up of a 4 GW solar PV module manufacturing facility in Odisha
  3. Investment in Wholly Owned Subsidiary for repayment / prepayment of certain borrowings availed by it
  4. General corporate purposes

Saatvik Green Energy IPO IPO Live Subscription

Updated as on 23-Sep-2025 19:00:00

Saatvik Green Energy IPO IPO Subscription Status (Mainboard)
Category Sub (x) Offered Bids
QIB 11.40 38,62,367 4,40,28,000
NII 10.56 28,96,774 3,06,02,752
bHNI 11.28 19,31,183 2,17,86,144
sHNI 9.13 9,65,591 88,16,608
Retail 2.80 67,59,140 1,89,12,288
Employee 5.59 47,506 2,65,632
Total 6.92 1,35,65,787 9,38,08,672

Saatvik Green Energy IPO IPO Details Live GMP

GMP ₹60
Est. Price ₹525
Est. Gain 12.90%

Saatvik Green Energy IPO Peer Comparison

(Rs. in crores)

Saatvik Green Energy IPO Peer Comparison Table
Particulars Saatvik Green Energy Waaree Energies Premier Energies
Revenue from Ops (in Crs.) 2,158.39 14,444.50 6,518.75
PAT (In Crs.) 213.93 1,928.13 937.13
Order Book 5,076.85 47,000.00 8,445.60
EPS - Basic 19.09 68.24 21.35
NAV per share 30.14 158.13 15.33
RONW 63.41% 19.48% 33.14%
EBITDA 16.40% 21.63% 29.36%
PAT Margin 9.76% 12.99% 14.09%
Price to earning (PE) 24.38 55.02 49.96
Debt to Equity 1.36 0.10 0.67
  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 11, 2024 for Peers

Saatvik Green Energy IPO IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Saatvik Green Energy IPO
Particulars Mar-25 Mar-24 Mar-23 Mar-22
Revenue from Operations 2,158.39 1,087.97 608.59 479.95
Profit after Tax 213.93 100.47 4.75 5.96
Net Worth 337.66 120.67 20.27 15.62
Total Borrowing 458.10 263.42 144.49 101.98
Total Assets 1,635.74 688.04 263.00 217.41
NAV per share (in ₹) 30.14 10.77 1.81 1.39
EPS - Basic (in ₹) 19.07 8.96 0.42 0.53

Key Performance Indicators (KPIs)

EBITDA

16.40%

PAT

9.76%

ROE

63.41%

ROCE

60.45%

Debt to Equity

1.36

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Promoter Holding

Promoter

90.05%

Public

9.95%

SPG Trust 43.44%
Manik Garg 15.12%
Neelesh Garg 14.22%
Manavika Garg 0.91%
Other Promoter 16.36%

Management

Neelesh Garg
Chairman
Manik Garg
MD
Prashant Mathur
CEO
Abani Jha
CFO

Registrar & Lead Managers

Registrar

KFin Technologies

Company Details

Name: Saatvik Green Energy Limited

Address: Vill. Dubli, V.P.O, Bihta Tehsil, Ambala – 133 101 Haryana, India

Number: 0124-3626755

Email: investors@saatvikgroup.com

Website: https://saatvikgroup.com/

Frequently Asked Questions (FAQs)

What is Saatvik Green Energy IPO?
Saatvik Green Energy IPO is a Mainboard IPO having an issue size of ₹900 Crs. Saatvik Green Energy IPO is priced at ₹442 - ₹465 per share. The issue opens on 19 Sep 25 and closes on 23 Sep 25.
When will Saatvik Green Energy IPO open?
Saatvik Green Energy IPO opens on 19 Sep 25 and closes on 23 Sep 25.
What is the GMP of Saatvik Green Energy IPO?
The estimated Grey Market Premium of Saatvik Green Energy IPO is ₹60 per share (12.90%).
What is the lot size of Saatvik Green Energy IPO?
The minimum lot size of Saatvik Green Energy IPO is 32 shares & the minimum application amount is Rs. 14880.
When is the allotment of Saatvik Green Energy IPO?
The allotment date of Saatvik Green Energy IPO is 24 Sep 25.
What is the listing date of Saatvik Green Energy IPO?
The listing date of Saatvik Green Energy IPO is 26 Sep 25.
What is the subscription of Saatvik Green Energy IPO?
Saatvik Green Energy IPO is subscribed 6.57 times.
What is the price band of Saatvik Green Energy IPO?
Saatvik Green Energy IPO is priced at ₹442 - ₹465 per share.
How to check allotment status of Saatvik Green Energy IPO?
Click the allotment link on Saatvik Green Energy IPO page of IPO360.
How to apply Saatvik Green Energy IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Saatvik Green Energy IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Saatvik Green Energy IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Saatvik Green Energy IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date