Saatvik Green Energy IPO Overview
Saatvik Green Energy Limited, a leading solar PV module manufacturer, has launched its initial public offering (IPO) worth ₹900 crore. The issue opened on September 19, 2025, and will close on September 23, 2025. Shares are expected to be listed on both NSE and BSE on September 26, 2025.
This IPO has gained strong investor interest, thanks to the company’s robust order book, rising demand for renewable energy, and government support for solar power manufacturing.
Saatvik Green Energy IPO Details
| Detail | Information |
|---|---|
| IPO Size | ₹900 crore |
| Fresh Issue | ₹700 crore |
| Offer for Sale (OFS) | ₹200 crore |
| Price Band | ₹442 – ₹465 per share |
| Lot Size (Retail) | 32 shares |
| Minimum Investment (Retail) | ₹14,880 |
| Issue Opens | 19 September 2025 |
| Issue Closes | 23 September 2025 |
| Allotment Date | 24 September 2025 (Tentative) |
| Refunds Initiation | 25 September 2025 |
| Shares Credit to Demat | 25 September 2025 |
| Listing Date | 26 September 2025 |
| Stock Exchange | NSE, BSE |
Objectives of the IPO
Saatvik Green Energy plans to use the net proceeds for:
- Establishing a 4 GW solar PV module manufacturing facility in Odisha (₹477.23 crore)
- Repayment and prepayment of borrowings
- General corporate purposes
This expansion is expected to enhance the company’s manufacturing capacity and strengthen its position in the domestic and international solar markets.
Saatvik Green Energy Financial Performance
The company has demonstrated strong growth in recent years:
| Financial Year | Revenue (₹ Crore) | PAT (₹ Crore) |
|---|---|---|
| FY2024 | 1,097.18 | 100.47 |
| FY2025 | 2,192.47 | 213.93 |
- Revenue Growth: 99% YoY
- Profit Growth: 112% YoY
Saatvik also reported a healthy order book of 4.01 GW as of June 2025, against an operational capacity of 3.8 GW.
Saatvik Green Energy IPO GMP (Grey Market Premium)
As of September 19, 2025, market observers report a Grey Market Premium (GMP) of ₹60–₹70 per share. This indicates a potential listing gain of 14–17% over the upper price band of ₹465.
| GMP Date | GMP (₹) | Expected Listing Price (₹) |
|---|---|---|
| 18 Sept 2025 | ₹65 | ₹530 |
| 19 Sept 2025 | ₹70 | ₹535 |
Industry Outlook
India’s renewable energy sector is on a strong growth trajectory. Government schemes, such as the PLI (Production Linked Incentive) scheme and import restrictions on solar modules, have created favourable conditions for domestic manufacturers like Saatvik Green Energy.
With global demand for clean energy rising, the company is well-positioned to capitalise on this opportunity.
Investment Calculator For Saatvik Green Energy IPO
Strengths of Saatvik Green Energy IPO
- Strong financial growth in revenue and profit
- Large order book of 4 GW ensures visibility in future revenues
- Expansion plans with a new Odisha facility to boost capacity
- Beneficiary of government incentives and policies supporting solar energy
Also Read: DreamFolks Suspends Domestic Airport Lounge Services in India
Risks to Consider
- High valuation at P/E ~24–27× FY25 earnings
- Execution risk in setting up large new facilities
- Dependence on raw material imports, especially polysilicon and wafers
- Competitive solar industry, both domestic and global
Should You Subscribe to Saatvik Green Energy IPO?
Analysts believe Saatvik Green Energy IPO offers a balanced opportunity:
- For long-term investors: Attractive due to strong demand in renewable energy, government push, and the company’s growth trajectory.
- For short-term investors: GMP indicates moderate listing gains, making it a potential bet for listing-day profits.
Verdict: Investors with a medium-to-long-term horizon may consider subscribing, while short-term investors can benefit from possible listing gains.
Saatvik Green Energy IPO FAQs
The price band is fixed at ₹442 to ₹465 per share.
The lot size is 32 shares, meaning a minimum investment of ₹14,880.
Tentatively on September 24, 2025.
The listing date is expected to be September 26, 2025, on NSE and BSE.
The GMP is around ₹60–₹70 per share, suggesting a 14–17% premium.
✅ Final Word: Saatvik Green Energy IPO is riding on the strong momentum of India’s solar energy push. With robust financials and capacity expansion plans, it looks promising for investors seeking long-term exposure to the renewable energy sector.
(Disclaimer: Tradingminds does not provide advice or specific recommendations on investment decisions. Before investing in the stock market, do your research or seek advice from a financial advisor.)
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