Summary of this article
On September 19, the GMP for Saatvik Green Energy shares ranged between Rs 65 to Rs 76.
Saatvik Green Energy seeks to raise Rs 900 crore through its public issue.
Saatvik Green Energy IPO: The public issue of Saatvik Green Energy Ltd opened for subscription on September 19. The subscription window of Saatvik Green Energy IPO is scheduled to close on September 23. Here’s a look at some of the key details of Saatvik Green Energy IPO which investors should know before applying for the issue:
Saatvik Green Energy IPO GMP
Saatvik Green Energy IPO grey market premium jumped on September 19. On September 19, the GMP for Saatvik Green Energy shares ranged between Rs 65 to Rs 76. Based on the trends in GMP, shares of Saatvik Green Energy Ltd can potentially list at Rs 541 apiece with a gain of over 16 per cent over the issue price of Rs 465 apiece.
Saatvik Green Energy IPO: Offer Size and Price Band
Saatvik Green Energy seeks to raise Rs 900 crore through its public issue. Saatvik Green Energy IPO consists of a fresh issuance of 15.1 million shares amounting to Rs 700 crore and an offer for sale of 4.3 million shares amounting to Rs 200 crore.
Saatvik Green Energy IPO: Lot Size and Minimum Investment
Retail investors interested in applying for Saatvik Green Energy IPO can place bids for a minimum of 32 shares, which aggregates to an investment of Rs 14,880. The minimum lot size for Small Non-Institutional Investors (sNIIs) interested in applying for Saatvik Green Energy IPO is 14 lots or 448 shares amounting to an investment of Rs 2,08,320. Big Non-Institutional Investors (bNIIs) can apply for the public issue by bidding for 68 lots or 7,973 shares aggregating to Rs 10,11,840.
Saatvik Green Energy IPO: Subscription window, listing date, allotment date
Saatvik Green Energy IPO will remain open from September 19 to September 23. The basis of allotment of Saatvik Green Energy IPO will be decided on September 24.
After the basis of allotment for Saatvik Green Energy IPO is decided the solar module maker will initiate refunds for unsuccessful applicants on September 25. Successful bidders will receive shares of Saatvik Green Energy in their demat accounts on September 25 as well. Saatvik Green Energy’s shares will make their D-street debut on the NSE and BSE. Saatvik Green Energy Ltd shares are slated to make their D-street debut on September 26.
Saatvik Green Energy: Key financials
Saatvik Green Energy’s total income for FY25 stood at Rs 2192.47 crore, increasing by over 99 per cent from Rs 1097.18 crore in FY24. The solar module manufacturer’s profit-after-tax surged by over 112 per cent to Rs 213.93 crore in FY25 compared to Rs 100.47 crore in the preceding fiscal. The solar module maker’s net worth increased by nearly 180 per cent to Rs 337.66 crore in FY25 compared to Rs 120.67 crore in FY24.
Saatvik Green Energy IPO: Registrar
The book running lead manager of Saatvik Green Energy IPO is Dam Capital Advisors Ltd and the registrar is Kfin Technologies Ltd.
Saatvik Green Energy: Promoters
Promoters of Saatvik Green Energy include Neelesh Garg, Manik Garg, Manavika Garg and SPG Trust are the company promoters. The promoters of the solar module maker held 90.05 per cent stake in the company prior to the public issue.
Saatvik Green Energy IPO: Objective
Saatvik Green Energy plans to use the funds generated through the public issue for prepayment of its outstanding borrowings. The company also plans to invest a portion of the funds in its subsidiary Saatvik Solar Industries Private Ltd and for general corporate purposes.
About Saatvik Green Energy
Saatvik Green Energy offers engineering, procurement and construction (EPC) services and is also engaged in the manufacturing of solar modules. The company has an annual installed capacity of 3.80 GW as of June 30, 2025. The company’s module manufacturing facilities are located in Ambala, Haryana.
