About the company & founders
Saatvik Green Energy is a vertically integrated solar PV module manufacturer and EPC player based in Haryana. The promoters include Neelesh Garg, Manik Garg, Manavika Garg and SPG Trust; the company’s listed management and KMP are described in its RHP and corporate pages.
Financials and strengths
Saatvik has shown strong recent growth — revenues roughly doubled in FY25 and PAT rose sharply, supported by expanding capacity and a large order book. The company reports operational module capacity around 3.8 GW and rising EBITDA margins, giving visible revenue traction. These financial gains appear in public filings and press coverage.
Objects of the issue / IPO structure & GMP
The IPO is a ₹900 crore offering (₹700 crore fresh issue + ₹200 crore offer for sale). Net proceeds are earmarked primarily for setting up a 4 GW module facility in Odisha, investment in the subsidiary, partial debt repayment and general corporate purposes. Early grey market indicators (GMP) were positive on day-one, showing market appetite for the issue.
Industry context & outlook
India’s solar market remains one of the faster growth segments in the power sector. Policy support, rising utility and commercial demand, and onshoring of module manufacturing create a favourable backdrop — but the business is cyclical and exposed to module price swings and customer concentration risks.
Key IPO dates and timetable
- Open Date / Close Date: Sep 19, 2025 — Sep 23, 2025.
- Tentative Allotment Date: Sep 24, 2025.
- Initiation of Refunds / Credit to Demat: Refunds and demat credit expected Sep 25, 2025.
- Tentative Listing Date: Sep 26, 2025 (NSE & BSE).
- Cut-off time for UPI mandate confirmation: 5:00 PM on the Bid/Offer closing date (as per RHP).
Price band, lot size & application amounts
Price Band: ₹442 – ₹465 per share. Lot size: 32 shares per lot (minimum). At the cap, one retail lot costs ₹14,880. Upper category lot/amount rules follow standard IPO slabs for S-HNI and B-HNI.
Corporate events, dividend & bonus
Recent corporate events include a ₹269.4 crore anchor allocation ahead of the public issue, underlining institutional interest. The company has not announced any dividend or bonus in connection with the IPO — proceeds are focused on capacity expansion and debt reduction.
Stock price & GMP today
Grey market indicators showed a significant premium on the first day of subscription (reports quoted GMP figures in the ₹60–78 range on day-one). GMPs are unofficial and volatile — use them only as a sentiment gauge, not a guaranteed listing price.
Multibagger potential & should you subscribe?
Saatvik sits in a growth industry and has clear expansion plans; that supports a long-term case. Short-term listing gains may be influenced by GMP and market sentiment. If you are a retail investor seeking sector exposure and comfortable with operational and price risks, this IPO may be considered — but assess valuation at your chosen bid price and balance it against concentration and cyclical risks.
Disclaimer
This article is informational only and not investment advice. Check the prospectus and consult a licensed financial advisor before investing in the saatvik green energy ipo or any security. Market facts (dates, price band and GMP) are cited from public sources and subject to updates.
FAQs
Q1: What are the Saatvik Green Energy IPO open and close dates?
Answer: The IPO opens on Sep 19, 2025 and closes on Sep 23, 2025.
Q2: What is the price band and minimum application amount?
Answer: Price band is ₹442–465 per share. One minimum retail lot is 32 shares (₹14,880 at ₹465 cap).
Q3: What is the Saatvik Green Energy IPO GMP today?
Answer: Grey market premiums move quickly — day-one reports showed GMP in the ₹60–78 range; check live GMP trackers for updates.
