Saatvik Green Energy IPO GMP, Open Date, Price Band, Allotment Status

Saatvik Green Energy IPO open date is on 17 December to 19 December 2024 (Tentative). This new IPO is a book-built issue of Rs 1,150 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh Issue is of Rs 850 crore and OFS is of Rs 300 crore.

Saatvik Green Energy IPO price band expected is Rs 239 to Rs 242 per share. As of now, Saatvik Green Energy IPO GMP is 38 indicates mild bullish sentiment for this IPO among investors.

Saatvik Green Energy IPO allotment date expected on December 20, 2024. The lot size is 61 shares and the allotment status and The minimum investment for the retail investors for 1 lot is Rs 14,800. The registrar for Saatvik Green Energy IPO is Kfin Technologies Limited. The listing date is expected on 24 December 2024.

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Saatvik Green Energy IPO GMP

Saatvik Green Energy IPO GMP quotation is around Rs 38 per share. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Saatvik Green Energy IPO GMP might rise in the coming days.

Saatvik Green Energy IPO Price Band

Saatvik Green Energy IPO price band expected is around Rs 239 to Rs 242 per share. The price band and lot size details are yet to be finalised. The minimum amount of investment for the retail category is to be around Rs 14,800 and for small NII minimum investment is to be around Rs 2,09,272. The minimum investment for the Big NII is to be around Rs 10,01,516.

Saatvik Green Energy IPO Open Date, Close Date

Saatvik Green Energy IPO open date is 17 December 2024 and closing date is 19 December 2024. However, these dates are tentative as per the information available from the market sources and can be changed in future.

Saatvik Green Energy IPO Allotment Status

Saatvik Green Energy IPO allotment status is expected to be finalized on 20 November 2024. The listing will be on the BSE and NSE platforms on 24 December, 2024. The registrar of this IPO is Kfin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends.

Saatvik Green Energy IPO Listing Date

Saatvik Green Energy IPO's listing date is expected on 24 December 2024. The Listing will be on both the NSE and BSE exchanges. Retail investors can sell the shares after 10 AM on the listing day.

Saatvik Green Energy IPO: Listing Date, Lot Size, Price Band

Saatvik Green Energy IPO  Limited: About the Company

Saatvik Green Energy IPO incorporated in 2015, is manufacturer and supplier of solar photovoltaic PV modules. It provides high quality high quality sustainable energy solutions. Saatvik Green Energy established with a focus on promoting renewable energy adoption. The company offers a diverse range of PV modules tailored for residential, commercial and industrial applications.

Saatvik Green Energy specializes in advanced technology including mono and bifacial modules ensuring efficiency and durability. The company supports solar projects development and aims to contribute to the country's renewable targets. 

Saatvik Green Energy IPO Objectives

The funds raised from Saatvik Green Energy IPO will be used for expansion of the business and  to meet the working capital requirements of the company. Also to meet the offer related expenses and for fulfilling the general corporate purposes.

Saatvik Green Energy IPO: Key Dates, Allotment, Listing Date

Saatvik Green Energy IPO Subscription Details, IPO Reservation

Saatvik Green Energy IPO subscription details will be available after the IPO opens on 17 December 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

Saatvik Green Energy IPO Lot Size Details

Saatvik Green Energy IPO lot size is set at 61 shares per lot. For retail, the minimum lot size is 1 lot, amounting to around Rs 14,800 and the maximum is 13 lots, amounting to be around Rs 1,94,324. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,09,272.

Saatvik Green Energy IPO Promoter Holdings

Saatvik Green Energy IPO promoters are Neelesh Garg, Manik Garg, Manvika Garg and SPG Trust. The promoters' shareholdings before the IPO were 90.05%; however, after the IPO, shareholdings will decline.

Saatvik Green Energy IPO Registrar

Saatvik Green Energy IPO registrar is Kfin Technologies Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Saatvik Green Energy IPO Lead Managers

Saatvik Green Energy IPO lead managers are DAM Capital Advisors Limited, Motilal Oswal Investment Advisors Limited and Ambit Private Limited.

How to apply to Saatvik Green Energy IPO

Interested investors can apply to the Saatvik Green Energy IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Saatvik Green Energy IPO Review

Saatvik Green Energy IPO may get a positive response from the general public. The company is involved in the green energy business.  So, investors interested in the Green energy sector can apply to this IPO.

This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Saatvik Green Energy IPO GMP will also rise.

Saatvik Green Energy IPO FAQ

1. What are the details of the Saatvik Green Energy IPO?

Saatvik Green Energy IPO is a book-built issue of Rs 1,150 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh Issue is of Rs 850 crore and OFS is of Rs 300 crore.

2. When will the Saatvik Green Energy IPO open and close?

Saatvik Green Energy IPO open date is 17 December 2024 and closing date is 19 December 2024. However, these dates are tentative as per the information available from the market sources and can be changed in future.

3. What is Saatvik Green Energy IPO GMP?

Saatvik Green Energy IPO GMP quotation is around Rs 38 per share. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Saatvik Green Energy IPO GMP might rise in the coming days.

4. What are the details of Saatvik Green Energy IPO reservation?

Saatvik Green Energy IPO subscription details will be available after the IPO opens on 17 December 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

5. Write the details of the IPO Allotment Status?

Saatvik Green Energy IPO allotment status is expected to be finalized on 20 November 2024. The listing will be on the BSE and NSE platforms on 24 December, 2024. The registrar of this IPO is Kfin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Saatvik Green Energy IPO?

Saatvik Green Energy IPO's registrar is Kfin Technologies Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status. The lead managers are  DAM Capital Advisors Limited, Motilal Oswal Investment Advisors Limited and Ambit Private Limited.

Also Read:

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• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?