New Delhi: Saatvik Green Energy Limited has announced the launch of its ₹900 crore Initial Public Offering (Saatvik Green Energy IPO), set to open for subscription on Friday, September 19, 2025, and close on Tuesday, September 23, 2025.
The Anchor Investor bidding date is scheduled for Thursday, September 18, 2025.
Saatvik Green Energy IPO: Price Band and Lot Size
The price band for the Saatvik Green Energy IPO has been fixed at ₹442 to ₹465 per equity share of face value ₹2 each. Eligible employees will receive a discount of ₹44 per share under the reserved portion. Bids can be placed for a minimum of 32 equity shares and in multiples of 32 thereafter.
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Saatvik Green Energy IPO: Offer Structure
The ₹900 crore IPO includes a fresh issue of ₹700 crore and an Offer for Sale (OFS) of ₹200 crore by selling shareholders. The OFS comprises equity shares worth ₹112 crore by Parmod Kumar and ₹88 crore by promoter Sunila Garg.
Saatvik Green Energy IPO: Utilisation of Proceeds
Proceeds from the fresh issue will be used for:
- Prepayment or repayment of borrowings availed by the company.
- Investment in wholly owned subsidiary Saatvik Solar Industries Pvt. Ltd. for loan repayment.
- Funding a 4 GW solar PV module manufacturing facility at Gopalpur Industrial Park, Odisha.
- General corporate purposes.
Book Running Lead Managers and Listing
DAM Capital Advisors Limited, Ambit Private Limited, and Motilal Oswal Investment Advisors Limited are acting as Book Running Lead Managers (BRLMs) for the Saatvik Green Energy IPO. The equity shares are proposed to be listed on both BSE and NSE.
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Allocation Details
The IPO is being offered under the book-building process as per SEBI ICDR Regulations. Allocation will be as follows:
- Not more than 50% of the net offer for Qualified Institutional Buyers (QIBs), including a portion for Anchor Investors.
- Not less than 15% for Non-Institutional Bidders (NIBs).
- Not less than 35% for Retail Individual Investors (RIIs).
- A portion reserved for eligible employees with the stated discount.
Applications must be submitted via the ASBA process, with UPI options available for retail investors.
