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Open
19 Sep 2025
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Close
23 Sep 2025
3
Allotment
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Listing
Fri, Sep 26, 2025
Price Band
₹442 to ₹465
Issue Size
1,93,59,079 shares (agg. up to ₹900 Cr)
Lot Size
32 Shares
Listing Date
Fri, Sep 26, 2025
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 5.09x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 1,635.74 | 688.04 | 263.00 |
| Total Income | 2,192.47 | 1,097.18 | 617.63 |
| Profit After Tax | 213.93 | 100.47 | 4.75 |
| EBITDA | 353.93 | 156.84 | 23.87 |
| NET Worth | 337.66 | 120.67 | 20.27 |
| Reserves and Surplus | 315.25 | 117.36 | 16.89 |
| Total Borrowing | 458.10 | 263.42 | 144.49 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Mangal Electrical Industries Ltd. | Mainboard | ₹400.00 Cr | ₹561 | 24.31 | ₹535.35 | -4.57% | ₹299.25 (-0.40%) |
| Vikram Solar Ltd. | Mainboard | ₹2,079.37 Cr | ₹332 | 75.16 | ₹356.40 | +7.35% | ₹194.85 (+0.52%) |
| Prostarm Info Systems Ltd. | Mainboard | ₹168.00 Cr | ₹105 | 19.75 | ₹126.00 | +20.00% | ₹129.39 (+0.31%) |
| Waaree Energies Ltd. | Mainboard | ₹4,321.44 Cr | ₹1503 | 30.87 | ₹2,338.90 | +55.62% | ₹2,830.30 (+0.58%) |
| Sugs Lloyd Ltd. | SME | ₹85.66 Cr | ₹123 | 11.91 | ₹125.85 | +2.32% | ₹144.15 (-3.80%) |
| Parth Electricals & Engineering Ltd. | SME | ₹49.67 Cr | ₹170 | 18.05 | ₹182.70 | +7.47% | ₹402.50 (-3.44%) |
| Smarten Power Systems Ltd. | SME | ₹50.00 Cr | ₹100 | 11.75 | ₹151.20 | +51.20% | ₹60.45 (-2.34%) |
| Eppeltone Engineers Ltd. | SME | ₹43.96 Cr | ₹128 | 10.86 | ₹255.35 | +99.49% | ₹110.75 (-3.70%) |
| ATC Energies System Ltd. | SME | ₹63.76 Cr | ₹118 | 17.4 | ₹101.65 | -13.86% | ₹23.50 (+0.43%) |
| Yash Highvoltage Ltd. | SME | ₹110.01 Cr | ₹146 | 26.8 | ₹291.25 | +99.49% | ₹963.00 (-1.67%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or scheduled re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company | 10.82 |
| 2 | Investment in the wholly owned Subsidiary, Saatvik Solar Industries Pvt.Ltd., 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 | 166.44 |
| 3 | Investment in the wholly owned Subsidiary, Saatvik Solar Industries Pvt.Ltd., 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) | 477.23 |
| 4 | General Corporate Purposes | 3.04 |
| 5 | Issue Expenses | 54.70 |
| Total | 712.22 |
About Saatvik Green Energy IPO
Incorporated in 2015, Saatvik Green Energy Limited is the manufacturer of modules and offers engineering, procurement and construction (“EPC”). The company offer a comprehensive portfolio of solar module products that are currently manufactured using technologies that help reduce energy loss and enhance overall efficiency.. The company commenced their manufacturing operations in 2016 and have over the years expanded the annual installed capacity, from 125 MW as of March 31, 2017 to about 3.80 GW as of June 30, 2025. The company operates two module manufacturing facilities in Ambala, Haryana (together, the “Ambala Facilities”) spread across a total land area of 724,225 square feet. Products: Monocrystalline passive emitter and rear cell (“Mono PERC”) modules. N-TopCon solar modules, both types are offered in mono-facial and bifacial options, suitable for various applications, including residential, commercial and utility-scale solar projects. As of June 30, 2025, March 31, 2025, March 31, 2024 and March 31, 2023, the company had 618, 566, 270 and 138 full-time employees. Competitive Strengths: Quality Customer Base and Large Order Book Among the Leading Module Manufacturing Companie
Contact Details
Saatvik Green Energy Ltd. AddressVill.DubliV.P.OBihta Tehsil, Ambala, Haryana, 1331010124-3626755investors@saatvikgroup.comVisit Website