Sai Urja Indo Ventures IPO Day 2: Subscription Status on 28 September 2026
- September 28, 2026
- Posted by: Harsh Piplani
- Category: IPO
Sai Urja Indo Ventures IPO Day 2, 28 Sep 2026. Subscribed about 0.04x at Day 1 close. Price band Rs 107-113. Closes 29 Sep. Lists on BSE SME.
Quick Answer
The Sai Urja Indo Ventures IPO is on Day 2 of bidding on 28 September 2026, after a very quiet opening day. The Sai Urja Indo Ventures IPO closed Day 1 subscribed 0.04 times overall, far below full subscription. Bidding remains open until 29 September 2026, and investors should track the live category wise numbers on BSE through the day.
The Sai Urja Indo Ventures IPO has entered Day 2 of its bidding window, which opened on 25 September 2026 and closes on 29 September 2026. Sai Urja Indo Ventures Limited, an Operations and Maintenance services provider for industrial plants, is raising about Rs 24.95 crore through a combination of fresh issue and offer for sale, and the shares are proposed to list on the BSE SME platform. The latest full session data available is Friday, 25 September 2026, with the weekend in between.
Day 1 bidding for the issue ended with the issue subscribed only about 0.04 times overall. With two sessions still to go, including the 29 September close, larger investor bids in SME issues often arrive late, so the closing session will be the one to watch.
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Sai Urja Indo Ventures IPO Details
The table below sets out the key parameters of the issue.
| Open Date | 25 September 2026 |
| Close Date | 29 September 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 107 to Rs 113 per share |
| Lot Size | 1,200 shares (minimum bid 2,400 shares) |
| Issue Size | Rs 24.95 crore |
| Issue Type | Book Built Issue, SME |
| Listing At | BSE SME |
| Allotment Date | 30 September 2026 |
| Listing Date | 5 October 2026 |
Sai Urja Indo Ventures IPO Subscription Status Day 2
Bidding for the issue is updated through the trading session on BSE. The table below shows the position at the close of Day 1 along with the figure recorded so far on Day 2.
| Session | Overall Subscription |
|---|---|
| Day 1 close (25 Sep) | 0.04 times |
| Day 2, so far (28 Sep) | Updating through the session |
The issue remains far below full subscription heading into Day 2. Investors should check the live BSE numbers for the latest position ahead of the 29 September close.
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Sai Urja Indo Ventures IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 107 to Rs 113 band, with a minimum bid of 2,400 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 29 September.
Download the Univest iOS App or Univest Android App to apply for the issue before the 29 September close.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Conclusion
The issue stayed very thin at about 0.04 times after Day 1, with two sessions remaining before the 29 September close. Investors considering the issue should review the company financials and SME liquidity risks in the RHP on bseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Sai Urja Indo Ventures IPO subscription status on Day 2?
Ans. The issue closed Day 1 subscribed 0.04 times overall, far below full subscription, and figures for Day 2, 28 September 2026, are updating through today’s session on BSE.
When does the Sai Urja Indo Ventures IPO close?
Ans. The issue closes for subscription on 29 September 2026, having opened on 25 September 2026.
What is the Sai Urja Indo Ventures IPO price band and lot size?
Ans. The issue price band is Rs 107 to Rs 113 per share, with a lot size of 1,200 shares. Retail investors must apply for a minimum of 2 lots, or 2,400 shares, taking the minimum investment to about Rs 2,71,200 at the upper band.
Why has the Sai Urja Indo Ventures IPO seen low subscription so far?
Ans. Subscription for the issue stayed very thin through Day 1 at about 0.04 times, and larger investor bids in SME issues often arrive closer to the 29 September closing day.
What is the Sai Urja Indo Ventures IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
How do I apply for the Sai Urja Indo Ventures IPO before it closes?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, enter your bid quantity and price within the Rs 107 to Rs 113 band, with a minimum bid of 2,400 shares, then approving the UPI mandate before the daily cut off.
When will the Sai Urja Indo Ventures IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 30 September 2026, with listing on the BSE SME platform tentatively scheduled for 5 October 2026.
What does Sai Urja Indo Ventures Limited do?
Ans. Sai Urja Indo Ventures Limited provides diversified Operations and Maintenance services for industrial plants, primarily in the power generation industry, alongside iron and steel and agrochemicals sectors.
