
Saatvik Green Energy IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Wed Sep 17 2025

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Saatvik Green Energy IPO is open for bidding from 19th September 2025 to 23rd September 2025. It is a bookbuilding IPO of ₹900.00 crore, comprising a fresh issue of 1.51 crore shares, and an offer for sale of 0.43 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 26th September 2025.
Saatvik Green Energy IPO Details
The Saatvik Green Energy IPO date is fixed between 19th September 2025 and 23rd September 2025. The face value of Saatvik Green Energy IPO shares stands at ₹10 per share, and the IPO price is set at ₹442.00 to ₹465.00 per share.
Kfin Technologies Limited is the registrar of the Saatvik Green Energy IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 19th September 2025 |
IPO Close Date | 23rd September 2025 |
IPO Allotment Date | 24th September 2025 |
Refund Initiation | 25th September 2025 |
Issue Size | 1,93,54,838 shares(aggregating up to ₹900.00 Cr) |
Face Value | ₹2 per share |
Lot Size | 32 shares |
Issue Price Band | ₹442 to ₹465 per share |
Issue Type | Bookbuilding IPO |
Listing At | BSE & NSE |
Listing Date | 26th September 2025 |
Saatvik Green Energy IPO Share Reservation
Saatvik Green Energy IPO is a bookbuilding IPO of ₹900.00 crores, comprising a fresh issue of 1.51 crore shares of Saatvik Green Energy, which will be listed on the BSE and NSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Shares Offered |
QIB Shares Offered | Not more than 50% of the net offer |
NII (HNI) Shares Offered | Not less than 35% of the net offer |
Retail Shares Offered | Not Less than 15% of the net offer |
Saatvik Green Energy IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the Saatvik Green Energy IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
17-09-2025 | ₹465.00 | ₹25.00 | ₹490.00 | 5.38% |
16-09-2025 | ₹465.00 | ₹25.00 | ₹490.00 | 5.38% |
As of 17th September 2025, Saatvik Green Energy IPO GMP stands at ₹25 per share, which means the share will likely show a listing at ₹490 on its tentative listing date, 19th September 2025.
GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Saatvik Green Energy IPO GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Saatvik Green Energy IPO GMP Review

Check out the detailed Saatvik Green Energy GMP IPO review for a thorough understanding of its potential to report listing gains on 26th September 2025. The Saatvik Green Energy IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Saatvik Green Energy IPO.
Saatvik Green Energy Limited’s revenue increased by 100% from ₹1,097.18 crores in March 2024 to ₹2,192.47 crores in March 2025. Moreover, the company’s PAT rose by 113% from ₹100.47 crores to ₹213.93 crores.
Saatvik Green Energy Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, brokers, investors, and RAs have a positive outlook for the Saatvik Green Energy IPO, with its tentative listing day set for 26th September 2025.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Saatvik Green Energy IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | 24.35 |
EPS (Earnings Per Share) | 19.09 |
RoNW | 63.41% |
ROCE | 60.45% |
ROE | 63.41% |
EBITDA Margin | 16.40% |
Price to Book Value | 43.18 |
Market Capitalisation | ₹5910.19 Cr |
The P/E ratio of Saatvik Green Energy Limited’s share is 24.35, and its Earnings Per Share (EPS) stands at 19.09. Thus, the Saatvik Green Energy Limited IPO is expected to deliver gains on its tentative listing date, 26th September 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Saatvik Green Energy Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
Saatvik Green Energy Limited IPO Peer Comparison
Company Name | EPS | P/E Ratio | RoNW | Face value | Revenue |
Saatvik Green Energy Limited | 19.09 | 24.35 | 63.41 | ₹2 | 1,097.18 |
Waaree Energies Limited | 68.24 | 158.13 | 19.48 | ₹10 | 11,633 |
Saatvik Green Energy IPO Subscription Status
The Saatvik Green Energy IPO is to be opened for bidding on 15th September 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Saatvik Green Energy IPO subscription status.
Investor Category | Shares Offered | Shares Subscribed | Subscription to the Times |
QIB Shares Offered | Not more than 50% of the net offer | Yet to be announced | Yet to be announced |
NII (HNI) Shares Offered | Not less than 35% of the net offer | Yet to be announced | Yet to be announced |
Retail Shares Offered | Not Less than 15% of the net offer | Yet to be announced | Yet to be announced |
About Saatvik Green Energy Limited

Saatvik Energy Limited was incorporated in 2015. Saatvik Green Energy Limited is the manufacturer of modules and offers engineering, procurement and construction. It provides solutions for both rooftop and ground-mounted solar projects along with EPC services. The company has shown strong financial growth.
- Quality Customer Base and Large Order Book
- Among the Leading Module Manufacturing Companies in India Offering Integrated Solutions to Independent Power Producers
- Innovative Technology Solutions for the Solar Industry
- Multiple Sales and Revenue Channels
- Well-Positioned to Capture Favourable Industry Tailwinds
Saatvik Green Energy Limited Financials
The company’s financial analysis is crucial before applying for the Saatvik Green Energy IPO. Refer to the table to learn about Saatvik Green Energy Limited’s financials.
Year Ended | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
Assets | 1,635.74 | 688.04 | 263.00 |
Revenue | 2,192.47 | 1,097.28 | 617.63 |
Profit After Tax | 213.93 | 100.47 | 4.75 |
EBITDA | 353.93 | 156.84 | 23.87 |
Net Worth | 337.66 | 120.67 | 20.17 |
Reserve and surplus | 315.25 | 117.36 | 16.89 |
Total Borrowing | 458.10 | 263.42 | 144.49 |
Explanation
Saatvik Green Energy Limited’s revenue increased by 100% from ₹1,097.18 crores in March 2024 to ₹2,192.47 crores in March 2025. Moreover, the company’s PAT rose by 113% from ₹100.47 crores to ₹213.93 crores.
Saatvik Green Energy IPO Bidding Requirements
Investors can bid for a minimum of 32 shares and in multiples thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
Individual Investors (Retail) (Min) | 1 | 32 | ₹14,880 |
Individual Investors (Retail) (Max | 13 | 416 | ₹1,93,440 |
S-HNI (Min) | 14 | 448 | ₹2,08,320 |
S-HNI (Max) | 67 | 2,144 | ₹9,96,960 |
B-HNI (Min) | 68 | 2,176 | ₹10,11,840 |
Saatvik Green Energy IPO has reserved lot sizes for different investor categories. Look at the table below to see the requirements for applying for this IPO.
Use the lot size calculator to find how many shares you should apply for!
Saatvik Green Energy IPO Promoter Holding
Take a look at the table below to review the holdings of Saatvik Green Energy Limited’s promoters: Neelesh Garg, Manik Garg, Manavika Garg and SPG Trust.
Share Holding Pre-Issue | 90.05% |
Share Holding Post-Issue | – |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Aim of the Saatvik Green Energy IPO
The primary aim of the Saatvik Green Energy IPO is to raise ₹900.00 crores. On the other hand, Saatvik Green Energy has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Saatvik Green Energy IPO.
- Prepayment or scheduled repayment, in whole or in part, of all or a portion of certain outstanding borrowings availed by the Company.
- Investment in the wholly owned Subsidiary, Saatvik Solar Industries Private Limited, in the form of debt or equity for repayment/prepayment of borrowings, in whole or in part, of all or a portion of certain outstanding borrowings availed by such Subsidiary.
- Investment in the wholly owned Subsidiary, Saatvik Solar Industries Private Limited, for setting up a 4 GW solar PV module manufacturing facility at National Highway – 16, Chamakhandi, Gopalpur Industrial Park, Gopalpur, Ganjam – 761 020, Odisha. (“Project Site”)
- General corporate purposes.
Should I Invest in the Saatvik Green Energy IPO?
Explore the pros and cons of Saatvik Green Energy to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades.
Pros of Saatvik Green Energy IPO
- Saativik Green Energy is the fastest-growing Energy sector with high long-term demand.
- The company has demonstrated strong financial performance, characterised by high revenue and profitability.
- The company has quality-based customers.
- The company is adopting innovative technologies for the solar industry.
- The IPO proceeds are used to repay debt and upgrade production capacity, which supports the company’s overall expansion.
Cons of Saatvik Green Energy IPO
- Business needs heavy investment, making it capital-intensive.
- Profit margins can shrink if the raw material cost exceeds.
- Faces intense competition from both indian and global companies.
- Rapid changes in technology make existing products outdated.
- Risk of heavy reliance on the government polices and subsidies.
How to Apply for the Saatvik Green Energy IPO?

Check the steps mentioned below to apply for Saatvik Green Energy Limited.
- Step 1: Conduct thorough research on the Saatvik Green Energy IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for one lot of 32 shares worth ₹14,880.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Saatvik Green Energy IPO from more than one demat account to increase your chances of allotment.
How to Check Saatvik Green Energy IPO Allotment Status?
You can check whether the Saatvik Green Energy IPO allotment has been completed in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On NSE
- Visit the NSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Saatvik Green Energy IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Saatvik Green Energy IPO allotment status.
Let’s Wrap
Saatvik Green Energy IPO is a bookbuilding issue of shares worth ₹900.00 crores. The shares of Saatvik Green Energy Limited will be listed on BSE and NSE on its tentative listing date of 26th September 2025. Researching the Saatvik Green Energy IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Saatvik Green Energy IPO
How is the Saatvik Green Energy IPO?
Ans. Currently, on 17th September 2025, the Saatvik Green Energy IPO GMP (Grey Market Premium) stands at ₹65. It indicates that the estimated listing price could be ₹530 per share. It is a bookbuilding IPO of ₹900 crores, comprising a fresh issue of 1.51 crore shares, and an offer for sale of 0.43 crore shares. The face value of each share of Saatvik Green Energy Limited is ₹10 per share.
What is the Saatvik Green Energy IPO price?
Ans. The Saatvik Green Energy IPO price is set at ₹442.00 to ₹465.00 per share. Retail investors can apply for a minimum of 1 lot consisting of 32 shares worth ₹14,880. Moreover, HNIs are required to bid for a minimum of 14 lots (448 shares) worth ₹2,08,320.
Is the Saatvik Green Energy IPO a good investment?
Ans. Saatvik Green Energy Limited’s revenue increased by 100% from ₹1,097.18 crores in March 2024 to ₹2,192.47 crores in March 2025. Moreover, the company’s PAT rose by 113% from ₹100.47 crores to ₹213.93 crores.
Who is the registrar of the Saatvik Green Energy IPO?
Ans. Kfin Technologies Private Limited is the registrar of the Saatvik Green Energy IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Saatvik Green Energy IPO allotment and refund, please contact Kfin Technologies Limited at reachus@kfintech.com or 04067162222, 04079611000.
What is the issue size of the Saatvik Green Energy IPO?
Ans. Saatvik Green Energy IPO is a book-building IPO for 1.51 crore shares, worth ₹900.00 crore. Moreover, the IPO is set to open on 19th September 2025 and will be closed on 23rd September 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Saatvik Green Energy IPO, download the Saatvik Green Energy IPO RHP and Saatvik Green Energy IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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