{"id":269150,"date":"2026-09-25T00:52:17","date_gmt":"2026-09-24T19:22:17","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=269150"},"modified":"2026-09-25T00:52:17","modified_gmt":"2026-09-24T19:22:17","slug":"sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/","title":{"rendered":"Sai Urja Indo Ventures IPO Day 1: Subscription Opens Today, 25 September 2026"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Sai Urja Indo Ventures IPO opens today, 25 Sep 2026, closes 29 Sep 2026. Price band Rs 107-113. Lot size 1,200 shares. Lists on BSE SME on 5 Oct.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Sai Urja Indo Ventures IPO opens for subscription today, 25 September 2026, and will remain open until 29 September 2026. Sai Urja Indo Ventures Limited is a diversified Operations and Maintenance services provider for industrial plants, primarily in the power generation industry, and is raising about Rs 24.95 crore through a combination of fresh issue and offer for sale. The price band is set at Rs 107 to Rs 113 per share, with a lot size of 1,200 shares, and the shares are proposed to list on the BSE SME platform. Since bidding has only just opened, subscription figures will start reflecting real demand as the days progress, so investors should track the live numbers through the session before deciding.<\/p>\n<\/p><\/div>\n<p>Sai Urja Indo Ventures Limited has opened its IPO for subscription today, 25 September 2026. The Sai Urja Indo Ventures IPO is a book built SME issue worth about Rs 24.95 crore, comprising a fresh issue of 18,28,800 shares worth Rs 20.67 crore and an offer for sale of 3,79,200 shares worth Rs 4.28 crore by the company&#8217;s promoters, and will remain open for bidding until 29 September 2026, a five day window spanning the coming weekend. The equity shares are proposed to be listed on the BSE SME platform.<\/p>\n<p>The company provides Operations and Maintenance and other support services in industrial plants, primarily in the power generation industry and other sectors including iron and steel and agrochemicals, with 99.97 percent of its revenue from operations in Fiscal 2026 derived from its top 10 clients. The fresh issue proceeds of the Sai Urja Indo Ventures IPO are earmarked for working capital requirements and repayment or prepayment of certain loans.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=sai-urja-indo-ventures-ipo-day1\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#Sai_Urja_Indo_Ventures_IPO_Details\" title=\"Sai Urja Indo Ventures IPO Details\">Sai Urja Indo Ventures IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#Sai_Urja_Indo_Ventures_IPO_Quick_Facts\" title=\"Sai Urja Indo Ventures IPO Quick Facts\">Sai Urja Indo Ventures IPO Quick Facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#Sai_Urja_Indo_Ventures_IPO_Share_Reservation\" title=\"Sai Urja Indo Ventures IPO Share Reservation\">Sai Urja Indo Ventures IPO Share Reservation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#Sai_Urja_Indo_Ventures_IPO_Subscription_Status_Day_1\" title=\"Sai Urja Indo Ventures IPO Subscription Status Day 1\">Sai Urja Indo Ventures IPO Subscription Status Day 1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#How_to_Apply_for_the_Sai_Urja_Indo_Ventures_IPO\" title=\"How to Apply for the Sai Urja Indo Ventures IPO\">How to Apply for the Sai Urja Indo Ventures IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#About_Sai_Urja_Indo_Ventures_Limited\" title=\"About Sai Urja Indo Ventures Limited\">About Sai Urja Indo Ventures Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#What_is_the_Sai_Urja_Indo_Ventures_IPO_subscription_status_on_Day_1\" title=\"What is the Sai Urja Indo Ventures IPO subscription status on Day 1?\">What is the Sai Urja Indo Ventures IPO subscription status on Day 1?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#When_does_the_Sai_Urja_Indo_Ventures_IPO_open_and_close\" title=\"When does the Sai Urja Indo Ventures IPO open and close?\">When does the Sai Urja Indo Ventures IPO open and close?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#What_is_the_Sai_Urja_Indo_Ventures_IPO_price_band_and_lot_size\" title=\"What is the Sai Urja Indo Ventures IPO price band and lot size?\">What is the Sai Urja Indo Ventures IPO price band and lot size?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#What_is_the_issue_size_and_structure_of_the_Sai_Urja_Indo_Ventures_IPO\" title=\"What is the issue size and structure of the Sai Urja Indo Ventures IPO?\">What is the issue size and structure of the Sai Urja Indo Ventures IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#How_concentrated_are_Sai_Urja_Indo_Ventures_revenues\" title=\"How concentrated are Sai Urja Indo Ventures&#8217; revenues?\">How concentrated are Sai Urja Indo Ventures&#8217; revenues?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#What_is_the_Sai_Urja_Indo_Ventures_IPO_GMP\" title=\"What is the Sai Urja Indo Ventures IPO GMP?\">What is the Sai Urja Indo Ventures IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#How_do_I_apply_for_the_Sai_Urja_Indo_Ventures_IPO\" title=\"How do I apply for the Sai Urja Indo Ventures IPO?\">How do I apply for the Sai Urja Indo Ventures IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#When_will_the_Sai_Urja_Indo_Ventures_IPO_be_allotted_and_listed\" title=\"When will the Sai Urja Indo Ventures IPO be allotted and listed?\">When will the Sai Urja Indo Ventures IPO be allotted and listed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#What_does_Sai_Urja_Indo_Ventures_Limited_do\" title=\"What does Sai Urja Indo Ventures Limited do?\">What does Sai Urja Indo Ventures Limited do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/sai-urja-indo-ventures-initial-public-offering-day-1-subscription-25-september-2026\/#Who_are_the_registrar_and_lead_manager_for_the_Sai_Urja_Indo_Ventures_IPO\" title=\"Who are the registrar and lead manager for the Sai Urja Indo Ventures IPO?\">Who are the registrar and lead manager for the Sai Urja Indo Ventures IPO?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Sai_Urja_Indo_Ventures_IPO_Details\"><\/span><strong>Sai Urja Indo Ventures IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets out the key parameters of the issue, including the price band, lot size and important dates.<\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<td><strong>Open Date<\/strong><\/td>\n<td>25 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Close Date<\/strong><\/td>\n<td>29 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Face Value<\/strong><\/td>\n<td>Rs 10 per share<\/td>\n<\/tr>\n<tr>\n<td><strong>Price Band<\/strong><\/td>\n<td>Rs 107 to Rs 113 per share<\/td>\n<\/tr>\n<tr>\n<td><strong>Lot Size<\/strong><\/td>\n<td>1,200 shares (minimum bid 2,400 shares)<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Size<\/strong><\/td>\n<td>Rs 24.95 crore<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Type<\/strong><\/td>\n<td>Book Built Issue, SME<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing At<\/strong><\/td>\n<td>BSE SME<\/td>\n<\/tr>\n<tr>\n<td><strong>Allotment Date<\/strong><\/td>\n<td>30 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing Date<\/strong><\/td>\n<td>5 October 2026<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Sai_Urja_Indo_Ventures_IPO_Quick_Facts\"><\/span><strong>Sai Urja Indo Ventures IPO Quick Facts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<th>Particulars<\/th>\n<th>Snapshot<\/th>\n<\/tr>\n<tr>\n<td>Minimum retail investment<\/td>\n<td>Rs 2,71,200 (2 lots, 2,400 shares)<\/td>\n<\/tr>\n<tr>\n<td>Minimum HNI investment<\/td>\n<td>Rs 4,06,800 (3 lots, 3,600 shares)<\/td>\n<\/tr>\n<tr>\n<td>Registrar<\/td>\n<td>Maashitla Securities Pvt Ltd<\/td>\n<\/tr>\n<tr>\n<td>Lead Manager<\/td>\n<td>Shannon Advisors Pvt Ltd<\/td>\n<\/tr>\n<\/table>\n<p>This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sai_Urja_Indo_Ventures_IPO_Share_Reservation\"><\/span><strong>Sai Urja Indo Ventures IPO Share Reservation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Of the net offer in the issue, qualified institutional buyers are allocated about 49.16 percent, non-institutional investors about 15.18 percent, and retail individual investors about 35.66 percent, alongside a separate market maker reservation. Retail bidders must apply for a minimum of 2 lots, or 2,400 shares.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sai_Urja_Indo_Ventures_IPO_Subscription_Status_Day_1\"><\/span><strong>Sai Urja Indo Ventures IPO Subscription Status Day 1<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bidding for the issue has opened today, 25 September 2026, so the category wise numbers below will fill in as the session progresses. QIB and larger HNI bids in SME issues can arrive at any point through the bidding window.<\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<th>Investor Category<\/th>\n<th>Subscription Status, Day 1 (25 Sep)<\/th>\n<\/tr>\n<tr>\n<td>Qualified Institutional Buyers (QIB)<\/td>\n<td>Bidding just opened, updating through the session<\/td>\n<\/tr>\n<tr>\n<td>Non-Institutional Investors (NII)<\/td>\n<td>Bidding just opened, updating through the session<\/td>\n<\/tr>\n<tr>\n<td>Retail Individual Investors<\/td>\n<td>Bidding just opened, updating through the session<\/td>\n<\/tr>\n<tr>\n<td><strong>Overall<\/strong><\/td>\n<td><strong>Bidding just opened, updating through the session<\/strong><\/td>\n<\/tr>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Subscription Status for the issue on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Apply_for_the_Sai_Urja_Indo_Ventures_IPO\"><\/span><strong>How to Apply for the Sai Urja Indo Ventures IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.<\/li>\n<li>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.<\/li>\n<li>Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.<\/li>\n<li>Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 29 September.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to apply for the issue on its opening day.<\/em><\/p>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_Sai_Urja_Indo_Ventures_Limited\"><\/span><strong>About Sai Urja Indo Ventures Limited<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Sai Urja Indo Ventures Limited provides Operations and Maintenance and other support services in industrial plants, primarily in the power generation industry alongside iron and steel and agrochemicals, with 99.97 percent of its FY26 revenue drawn from its top 10 clients, ahead of the issue.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The issue has opened for bidding today, 25 September 2026, backed by an established Operations and Maintenance services business with a large orderbook and repeat client relationships. Investors considering the issue should study the company&#8217;s client concentration and SME liquidity risks alongside the financials in the RHP on bseindia.com, and apply only after independent due diligence.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Sai_Urja_Indo_Ventures_IPO_subscription_status_on_Day_1\"><\/span><strong>What is the Sai Urja Indo Ventures IPO subscription status on Day 1?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue opened for bidding today, 25 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on BSE as the day progresses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_does_the_Sai_Urja_Indo_Ventures_IPO_open_and_close\"><\/span><strong>When does the Sai Urja Indo Ventures IPO open and close?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue opened for subscription today, 25 September 2026, and will close on 29 September 2026, a five day window spanning the weekend.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Sai_Urja_Indo_Ventures_IPO_price_band_and_lot_size\"><\/span><strong>What is the Sai Urja Indo Ventures IPO price band and lot size?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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 price band.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_issue_size_and_structure_of_the_Sai_Urja_Indo_Ventures_IPO\"><\/span><strong>What is the issue size and structure of the Sai Urja Indo Ventures IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue is worth about Rs 24.95 crore, comprising a fresh issue of 18,28,800 shares worth Rs 20.67 crore and an offer for sale of 3,79,200 shares worth Rs 4.28 crore by the company&#8217;s promoters.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_concentrated_are_Sai_Urja_Indo_Ventures_revenues\"><\/span><strong>How concentrated are Sai Urja Indo Ventures&#8217; revenues?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Sai Urja Indo Ventures derived 99.97 percent of its revenue from operations in Fiscal 2026 from its top 10 clients, reflecting significant customer concentration ahead of the issue.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Sai_Urja_Indo_Ventures_IPO_GMP\"><\/span><strong>What is the Sai Urja Indo Ventures IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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, especially this early in the bidding window.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_apply_for_the_Sai_Urja_Indo_Ventures_IPO\"><\/span><strong>How do I apply for the Sai Urja Indo Ventures IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity with a minimum of 2,400 shares and your price within the Rs 107 to Rs 113 band, then approve the UPI mandate before the daily cut off.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_will_the_Sai_Urja_Indo_Ventures_IPO_be_allotted_and_listed\"><\/span><strong>When will the Sai Urja Indo Ventures IPO be allotted and listed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue allotment is expected to be finalised on 30 September 2026, and the shares are tentatively scheduled to list on the BSE SME platform on 5 October 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Sai_Urja_Indo_Ventures_Limited_do\"><\/span><strong>What does Sai Urja Indo Ventures Limited do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_are_the_registrar_and_lead_manager_for_the_Sai_Urja_Indo_Ventures_IPO\"><\/span><strong>Who are the registrar and lead manager for the Sai Urja Indo Ventures IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Maashitla Securities Pvt Ltd is the registrar for the issue, and Shannon Advisors Pvt Ltd is the book running lead manager for the issue.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the issue subscription status on Day 1?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue opened for bidding today, 25 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on BSE as the day progresses.\"}},{\"@type\":\"Question\",\"name\":\"When does the issue open and close?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue opened for subscription today, 25 September 2026, and will close on 29 September 2026, a five day window spanning the weekend.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue price band and lot size?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue price band is Rs 107 to Rs 113 per share, with a lot size of 1,200 shares. 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Select the IPO, enter your bid quantity with a minimum of 2,400 shares and your price within the Rs 107 to Rs 113 band, then approve the UPI mandate before the daily cut off.\"}},{\"@type\":\"Question\",\"name\":\"When will the issue be allotted and listed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue allotment is expected to be finalised on 30 September 2026, and the shares are tentatively scheduled to list on the BSE SME platform on 5 October 2026.\"}},{\"@type\":\"Question\",\"name\":\"What does Sai Urja Indo Ventures Limited do?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"Who are the registrar and lead manager for the issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Maashitla Securities Pvt Ltd is the registrar for the issue, and Shannon Advisors Pvt Ltd is the book running lead manager for the issue.\"}}]}<\/script><\/div>\n<div class=\"article-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Article\",\"headline\":\"The issue Day 1 Subscription Status 25 Sep 2026\",\"description\":\"The issue opens today, 25 September 2026. 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