Saatvik Green Energy IPO | The company’s IPO consists of an offer-for-sale by promoters of Rs 200 crore and a new issuance of shares valued at Rs 700 crore.
Saatvik Green Energy, a manufacturer of solar panels, set a price range of Rs 442 to Rs 465 per share on September 16 for its impending Rs 900-crore IPO.
The company’s highest valuation is around Rs 5,910 crore
The public subscription period for the Haryana-based company’s initial public offering (IPO) will begin on September 19 and run through September 23. A public notice states that the anchor investor auction will begin for one day on September 18.
An offer-for-sale (OFS) of Rs 200 crore by founders and a new issuance of shares valued at Rs 700 crore make up the company’s inaugural public offering.
Fund Allocation and Utilization
Saatvik Solar Industries will receive Rs 477.23 crore in proceeds from the new issue to establish a 4 GW solar PV module manufacturing facility at Gopalpur Industrial Park in Odisha. Additionally, the subsidiary will receive Rs 166.44 crore to repay or prepay its outstanding debts.
The business would also spend around Rs 10.82 crore to pay back certain parent-level borrowings, with the rest money going towards general business needs.
Capacity, Allocation and Listing
As of June 30, 2025, Saatvik Green Energy, a maker of solar photovoltaic modules, has an operating capacity of around 3.8 GW. For solar projects, including rooftop and ground-mounted solar arrays, the firm offers complete engineering, procurement, and construction services.
Regarding issue allocation, individual investors will get 35% of the IPO, non-institutional investors will receive 15%, and qualified institutional buyers (QIBs) would receive 50%.
The issue’s book-running lead managers are Ambit, Motilal Oswal Investment Advisors, and Dam Capital Advisors. The company’s shares should go public on the stock exchanges on September 26.