Sai Urja Indo Ventures IPO Listing: Shares Debut at 18.41% Premium on BSE SME, Check Share Price

Sai Urja Indo Ventures IPO Listing Today: The IPO closed subscription on 29 September 2026 at 3.88 times overall by final allotment data. Here is a recap of the offer, the terms of the Sai Urja Indo Ventures IPO listing, and how the stock traded once it opened on 5 October.

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Sai Urja Indo Ventures IPO Listing: Issue Details

Sai Urja Indo Ventures Limited raised Rs 24.95 crore through 22,08,000 shares, made up of a fresh issue of 18.29 lakh shares worth Rs 20.67 crore and an offer for sale of 3.79 lakh shares worth Rs 4.28 crore by the promoters. The issue listed on the BSE SME platform on 5 October 2026. Bidding ran from 25 September to 29 September 2026, at a face value of Rs 10 per share and a price band of Rs 107 to Rs 113 per share.

Particular	Detail
Allotment Date	30 September 2026
IPO Open Date	25 September 2026
IPO Close Date	29 September 2026
Issue Size	Rs 24.95 crore (22,08,000 shares)
Face Value	Rs 10 per share
Lot Size	1,200 shares
Issue Price	Rs 113 per share
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Listing Date	5 October 2026

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Sai Urja Indo Ventures IPO Listing Price and Performance

Shares of the Sai Urja Indo Ventures IPO listing opened at Rs 133.80 on the BSE SME platform, an 18.41 percent premium over the Rs 113 issue price, and were still at Rs 133.80 at 9:44 AM. Retail investors needed a minimum of two lots, or 2,400 shares, costing about Rs 2.71 lakh, which makes the gain on that minimum application roughly Rs 49,900 at the listing price.

About the Sai Urja Indo Ventures IPO

Sai Urja Indo Ventures Limited provides operations and maintenance and other support services to industrial plants, mainly in the power generation, iron and steel and agrochemical sectors, with clients such as Adani Infrastructure Management Services, GMR Warora Energy and MAHAGENCO. About 99.65 percent of FY26 revenue came from repeat orders, and the top 10 clients accounted for over 99 percent of revenue. Promoters of the company include Santosh Ajay Kumar Mittal and Harsh Ajaykumar Mittal. Shannon Advisors was the book running lead manager, Maashitla Securities is the registrar and Prabhat Financial Services is the market maker. Investors weighing the Sai Urja Indo Ventures IPO listing should note this client concentration.

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Sai Urja Indo Ventures Financials

Here is how the company has performed financially, useful context for anyone checking the Sai Urja Indo Ventures share price today after the Sai Urja Indo Ventures IPO listing.

Year Ended	31 Mar 2026 (Rs cr.)	31 Mar 2025 (Rs cr.)	31 Mar 2024 (Rs cr.)
Total Revenue	85.64	65.82	45.88
Profit After Tax	4.24	3.14	1.37

Explanation
Total revenue grew 30 percent in FY26 to Rs 85.64 crore, and profit after tax rose about 35 percent to Rs 4.24 crore, from Rs 1.37 crore in FY24. The PAT margin is only about 5 percent, which leaves profit sensitive to wage costs and contract pricing, and at the upper price band the issue was valued at a post issue P/E of about 27.6 times, a valuation worth weighing after the Sai Urja Indo Ventures IPO listing.

Grey market premium (GMP) is an unofficial, unregulated indicator for the Sai Urja Indo Ventures IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the Sai Urja Indo Ventures IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

FAQs

What was the Sai Urja Indo Ventures IPO listing price?

Ans. Sai Urja Indo Ventures shares listed at Rs 133.80 on the BSE SME platform, an 18.41 percent premium over the Rs 113 issue price.

Was the Sai Urja Indo Ventures IPO listing a premium or a discount?

Ans. It was a strong premium listing, and the stock held at the listing price in early trade.

How much was the Sai Urja Indo Ventures IPO subscribed?

Ans. The IPO was subscribed 3.88 times overall by final allotment data.

What is the issue price of the Sai Urja Indo Ventures IPO?

Ans. The issue price was fixed at Rs 113 per share, the top of the Rs 107 to Rs 113 price band.

What is the lot size of the Sai Urja Indo Ventures IPO?

Ans. The lot size was 1,200 shares, and retail investors needed a minimum of two lots, or 2,400 shares, costing about Rs 2,71,200.

Who is the registrar for the Sai Urja Indo Ventures IPO?

Ans. Maashitla Securities Private Limited is the registrar.

What does Sai Urja Indo Ventures do?

Ans. Sai Urja Indo Ventures provides operations and maintenance services to industrial plants in power generation, iron and steel and agrochemicals.

Where can I check the Sai Urja Indo Ventures share price today?

Ans. You can check the Sai Urja Indo Ventures share price today on the BSE SME platform, or through the Univest platform.

Should I hold shares after the Sai Urja Indo Ventures IPO listing?

Ans. That depends on your own risk appetite and time horizon. Worth weighing the thin margins and extreme client concentration against the strong listing gain before deciding whether to hold or book profit after the Sai Urja Indo Ventures IPO listing.