Saatvik Green Energy IPO Details
The key details of Saatvik Green Energy’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹900.00 Cr |
| Price Range | ₹442 - ₹465 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 32 |
| Investment (cut-off price) | ₹14,880 |
| Pre IPO Promotor Holding | 90.05% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Saatvik Green Energy IPO Timelines
The IPO process for Saatvik Green Energy includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
19/09/2025
Start Date23/09/2025
End Date25/09/2025
Refund Initiation25/09/2025
Credit of Shares to Demat Ac26/09/2025
Listing DateSaatvik Green Energy IPO Lot Size
The Saatvik Green Energy IPO has a fixed lot size of 32 shares, at an upper price band of ₹465 per share. For retail investors, the minimum application is 32 shares (1 lot) amounting to ₹14,880, while the maximum is 416 shares (13 lots) worth ₹1,93,440. For Small HNI (S-HNI) investors, the minimum application is 448 shares (14 lots) worth ₹2,08,320, while the maximum is 2,144 shares (67 lots) amounting to ₹9,96,960. Big HNI (B-HNI) investors need to apply for at least 2,176 shares (68 lots), totaling ₹10,11,840.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 32 | ₹14,880 |
| Retail Maximum | 13 | 416 | ₹1,93,440 |
| S-HNI Minimum | 14 | 448 | ₹2,08,320 |
| S-HNI Maximum | 67 | 2144 | ₹9,96,960 |
| B-HNI Minimum | 68 | 2176 | ₹10,11,840 |
Saatvik Green Energy IPO Subscription Status
The subscription status for Saatvik Green Energy IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 11.41x | 10.57x | 2.81x | 5.59x | 6.93x |
IPO Performance on Listing Day
On the listing day (September 26, 2025), Saatvik Green Energy made a flat debut on the stock exchange. The stock opened at ₹465, exactly at par with its issue price. The renewable energy company maintained this level as its day high but faced selling pressure throughout the trading session, declining to a low of ₹427.30. The shares concluded their first trading day at ₹440.70, resulting in a decline of 5.2% from the issue price, indicating subdued investor sentiment toward the green energy sector despite growing focus on renewable energy solutions for this clean energy provider.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹465.00 | ₹440.70 | ₹465.00 | ₹427.30 |
Saatvik Green Energy IPO Company Financials
Saatvik Green Energy reports robust performance in FY2025 with Total Income of ₹2,192.47 crores, managing expenses at ₹1,912.85 crores, and achieving a strong PAT (Profit After Tax) of ₹213.93 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹617.63 | ₹610.96 | ₹4.75 |
| FY 2024 | ₹1,097.18 | ₹965.31 | ₹100.47 |
| FY 2025 | ₹2,192.47 | ₹1,912.85 | ₹213.93 |
About Company
Incorporated in 2015, Saatvik Green Energy Limited is a solar module manufacturer that also provides engineering, procurement, and construction services. The company offers a comprehensive range of solar module products designed with advanced technologies to reduce energy loss and enhance efficiency. Manufacturing operations began in 2016, and the company has steadily expanded its capacity from 125 megawatts in March 2017 to approximately 3.80 gigawatts as of June 2025. Saatvik’s products are suitable for various applications, including residential, commercial, and utility-scale solar projects.
The company operates two manufacturing facilities located in Ambala, Haryana, covering a combined area of 724,225 square feet. Its product portfolio includes monocrystalline passive emitter and rear cell modules and N type tunnel oxide passivated contact modules, both available in mono facial and bifacial variants. Reflecting its rapid growth, the company’s workforce has expanded significantly, with the number of full-time employees rising from 138 in March 2023 to 618 by June 2025.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2015 | Energy | Neelesh Garg |
Know Before Investing
Saatvik Green Energy IPO Strengths
- The company recorded revenue of ₹2,192 crore in FY25 compared to ₹1,097 crore in FY24, marking nearly 100% year-on-year growth.
- Holds a strong order backlog supporting future growth, ensuring revenue visibility and steady execution pipeline.
- Provides end-to-end engineering, procurement, and construction (EPC) along with solar photovoltaic module manufacturing, supporting control over the value chain.
- Operates approximately 3.80 GW of solar photovoltaic module capacity, positioning it among key players in India’s solar sector.
- Presence in multiple locations across India including renewable energy projects in key states, supporting broad market coverage.
- Positioned alongside leading solar energy companies like Waaree Energies and Premier Energies, highlighting competitive stature.
Saatvik Green Energy IPO Risks
- A significant portion of revenue is derived from a few large customers, exposing the company to risks if any major client reduces orders or delays payments.
- Business growth is partly fueled by government policies and subsidies on renewable energy; any policy revisions or subsidy cuts could impact demand and profitability.
- The company plans to invest heavily in setting up a 4 GW solar PV module manufacturing facility; delays, cost overruns, or technical challenges could affect returns and financial health.
- Large working capital requirements due to inventory buildup and receivables can strain liquidity, especially during rapid scaling phases.
- Fluctuations in prices of polysilicon, glass, and other inputs can impact cost structures and margins, making profitability volatile.
- Operations are concentrated in specific states like Haryana and Odisha; any regional disruptions or regulatory changes could affect production and sales.
- Faces competition from both established domestic players and international manufacturers, which could pressure pricing and market share.
Swot Analysis for Saatvik Green Energy IPO
Strengths
Advanced Solar Technologies, Integrated EPC and O&M Services, Sustainability and ESG Focus
Weaknesses
Geographic and Facility Concentration, Supply Chain Dependency, Environmental and Regulatory Compliance
Opportunities
Growing Indian Solar Market, Completion of Odisha Plant, Government Incentives & Policy Support
Threats
Raw Material Price Fluctuations, Intense Industry Competition, Currency and Economic Fluctuations
Company Details
Saatvik Green Energy Ltd.
Vill. Dubli, V.P.O Bihta Tehsil, Ambala , Haryana, 133 101
Phone: 0124-3626755
Email: investors@saatvikgroup.com
Website: https://saatvikgroup.com/
IPO Registar Details
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: saatvik.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
FAQs
The key objectives of Saatvik Green Energy IPO 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. (“Project Site”)
- General corporate purposes
Dam Capital Advisors Ltd. , Ambit Pvt. Ltd. , Motilal Oswal Investment Advisors Ltd. are the book-running lead managers for the Saatvik Green Energy IPO.
Saatvik Green Energy IPO showcases robust growth potential with revenue rising from ₹1,097 crore in FY24 to ₹2,192 crore in FY25 and net profit doubling to ₹214 crore. With 4 GW order book, strong margins, and policy tailwinds, expansion and backward integration support long-term scalability.
The issue price for the Saatvik Green Energy IPO is set between ₹442 to ₹465 per share.
To invest in one lot of Saatvik Green Energy IPO, you need ₹14,144 at the lower price band (₹442 per share) or ₹14,880 at the upper price band (₹465 per share) for a lot size of 32 shares.
Saatvik Green Energy IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on September 26, 2025.
Refund/unblocking of funds for Saatvik Green Energy IPO will begin on September 25, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Saatvik Green Energy IPO shares on listing day (September 26, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.