Saatvik Green Energy IPO is opening on September 19, 2025, and closing on September 23, 2025, with a price band of ₹442 to ₹465 per share. The company is one of India’s leading solar photovoltaic module manufacturers with a strong focus on monocrystalline PERC and N-TopCon solar modules. Headquartered in Haryana, Saatvik operates manufacturing facilities with a total capacity of 3.8 GW as of June 2025. The Saatvik Green Energy IPO proceeds will be used to set up a 4 GW solar PV module manufacturing unit in Odisha and for debt repayment.
₹10
₹465
₹465.00
Expert Opinions
Market sentiment for Saatvik Green Energy IPO is optimistic due to strong growth in India’s renewable energy sector and increasing demand for solar photovoltaic modules. The company’s strengths lie in its large manufacturing capacity of 3.8 GW, innovative technology focus with monocrystalline PERC and N-TopCon modules, and a healthy order book. Risks include high debt levels, dependency on government policies, and competition from established players in the solar industry.
Valuation analysis of financial year 2025 for Saatvik Green Energy IPO shows an impressive Return on Equity (ROE) of 63.41%, a Return on Capital Employed (ROCE) of 60.45%, and a Net Asset Value (NAV) of ₹30.14, highlighting strong profitability and efficient capital use. The IPO is suitable for long-term investors seeking exposure to renewable energy growth with supportive government policies and expanding capacity.
Investor Considerations
Saatvik Green Energy IPO has demonstrated strong financial performance, with revenue doubling from ₹1,097.18 crore in FY 2024 to ₹2,192.47 crore in FY 2025, supported by a profit after tax increase of over 100% to ₹213.93 crore. The renewable energy sector outlook remains highly favorable due to government policies promoting solar energy. The Saatvik Green Energy IPO valuation for FY 2025 shows a high Price to Book Value of 43.18, a PAT margin of 9.76%, and a Debt to Equity ratio of 1.36, reflecting solid profitability with manageable leverage.
Growth prospects include capacity expansion through a new 4 GW solar PV manufacturing facility and increasing market demand. Risks include dependency on government incentives, rising raw material costs, and competition. The IPO is suited for long-term investors focusing on green energy, while short-term investors should consider volatility factors.
| Date | GMP | Trend |
|---|---|---|
| 25 Sep 2025 16.30 | ₹10 | --- |
| 24 Sep 2025 12.15 | ₹10 | --- |
| 23 Sep 2025 10.45 | ₹10 | Down |
| 22 Sep 2025 12.04 | ₹20 | --- |
| 21 Sep 2025 19.21 | ₹20 | Down |
| 20 Sep 2025 13.35 | ₹30 | Down |
| 19 Sep 2025 11.20 | ₹65 | Down |
| 17 Sep 2025 19.48 | ₹75 | Up |
| 16 Sep 2025 20.26 | ₹25 | --- |
FAQs
The Grey Market Premium showed good accuracy in predicting Saatvik Green Energy IPO’s listing performance. With a final GMP of ₹10, it projected a premium of 2.15% over the issue price of ₹465. However, the stock actually listed at ₹465, delivering no gain (0%). This resulted in a small prediction error of 2.15%, where the GMP incorrectly signaled a positive listing and slightly overestimated the debut, reflecting fair reliability in this case.
Saatvik Green Energy IPO Current GMP is ₹10.
Saatvik Green Energy IPO Expected Returns is 2.15%.
Saatvik Green Energy IPO estimated listing price is ₹475.