Saatvik Green Energy IPO: GMP, Price Band, Key Dates & Financial Performance
- Krishna Priya
- Sep 16
- 2 min read
The company has set a price band of ₹442–₹465 per share, with retail investors able to apply for as few as 32 shares, requiring a minimum investment of ₹14,880 (at the upper band).
IPO Snapshot
Detail | Information |
Total Issue Size | ₹900.00 Cr (1.93 Cr shares) |
Fresh Issue | ₹700.00 Cr (1.50 Cr shares) |
Offer for Sale | ₹200.00 Cr (0.43 Cr shares) |
Price Band | ₹442 – ₹465 per share |
Lot Size | 32 shares |
Minimum Investment | ₹14,880 (at upper band) |
Listing | NSE & BSE |
IPO Opens | September 19, 2025 |
IPO Closes | September 23, 2025 |
Founded in 2015, Saatvik Green Energy Ltd. is a solar module manufacturer engaged in engineering, procurement, and construction (EPC). The company produces a wide range of solar modules using advanced technologies to improve efficiency and reduce energy loss. With two manufacturing facilities in Ambala, Haryana, the company has scaled its installed capacity to 3.8 GW as of June 2025. Its product portfolio includes Mono PERC and N-TopCon solar modules, catering to residential, commercial, and utility-scale solar projects.
Financial Performance
Period Ended | Revenue (₹ Cr) | Profit After Tax (PAT) (₹ Cr) |
31 Mar 2025 | 2,158.39 | 213.90 |
31 Mar 2024 | 1,087.96 | 100.47 |
31 Mar 2023 | 608.59 | 4.75 |
Grey Market Premium (GMP): Saatvik Green Energy IPO last GMP is ₹25, last updated Sep 16, 2025, 07:55 PM. With the price band capped at ₹465, the estimated listing price is ₹490, implying a potential gain of about 5.38% per share.
Peer Comparison
Company Name | CMP (₹) | Mar Cap (₹ Cr) | P/E | Sales (₹ Cr) | OPM % | PAT 12M (₹ Cr) |
Saatvik Green Energy | — | — | — | 2,158.39 | 12.80 | 213.90 |
Waaree Energies | 3,579.00 | 1,02,847.38 | 46.30 | 15,461.43 | 20.48 | 2,299.89 |
Premier Energies | 1,081.35 | 48,765.36 | 46.59 | 6,682.12 | 29.49 | 1,046.77 |
Use of Proceeds
The IPO proceeds will primarily be used to fund the setup of a 4 GW solar PV module manufacturing facility at Gopalpur Industrial Park, Odisha, with ₹477.23 Cr allocated for this purpose. Additionally, ₹166.44 Cr will be invested in the wholly owned subsidiary for debt repayment, while ₹10.82 Cr is earmarked for the company’s own debt reduction. The balance will be utilized for general corporate purposes.
Disclaimer: This content is for educational purposes only; please conduct your own research and consult with a qualified investment advisor before making any investment decisions.
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