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

Saatvik Green Energy IPO will open for bidding on September 19, 2025, and close on September 23, 2025. The basis of allotment is likely to be finalised on September 24, 2025, while the shares are listing on both BSE and NSE on September 26, 2025.

The company is launching a book-built IPO of worth up to Rs 900 crore. The public issue comprises a fresh equity issue of 1.51 crore shares valued at Rs 700 crore and an offer for sale of 0.43 crore shares worth Rs 200 crore. The price band has been fixed between Rs 442 and Rs 465 per share, with a lot size of 32 shares. 

For retail investors, the minimum application size is Rs 14,880 at the upper price band. For non-institutional investors, the requirement is 14 lots (448 shares) totalling Rs 2,08,320 under the sNII category, and 68 lots (2,176 shares) amounting to Rs 10,11,840 under the bNII category. 

The book-running lead manager for this IPO is Dam Capital Advisors Ltd, Ambit Private Ltd, Motilal Oswal Investment Advisors Ltd, while Kfin Technologies Ltd. will serve as the registrar.

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Saatvik Green Energy IPO GMP

The Grey Market Premium (GMP) for the Saatvik Green Energy is Rs 71 (+15.27%).  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 Open Date, Close Date

Saatvik Green Energy IPO will open for bidding on September 19, 2025, and close on September 23, 2025. The basis of allotment is likely to be finalised on September 24, 2025, while the shares are expected to list on both BSE and NSE on September 26, 2025. 

Saatvik Green Energy IPO Price Band

The Saatvik Green Energy IPO price band has been fixed between Rs 442 to Rs 465 per share, with a lot size of 32 shares. For retail investors, the minimum application size is Rs 14,880 at the upper price band. For non-institutional investors, the requirement is 14 lots (448 shares) totalling Rs 2,08,320 under the sHNI category, and 68 lots (2,176 shares) amounting to Rs 10,11,840 under the bNII category. 

Saatvik Green Energy IPO Issue Size

The company is launching a book-built IPO worth up to Rs 900 crore. The public issue comprises a fresh equity issue of 1.51 crore shares amounting up to Rs 700 crore and an offer for sale of 0.43 crore shares worth Rs 200 crore. The price band has been fixed between Rs 442 to Rs 465 per share, with a lot size of 32 shares. 

Saatvik Green Energy IPO Allotment Status

Saatvik Green Energy IPO allotment status is available on Wednesday, September 24, 2025. The listing will be on the BSE and NSE platforms. The registrar of this IPO is Kfin Technologies Ltd. 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 September 26, 2025. The listing will be on BSE and NSE platforms. 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 Limited is established in 2015, engaged in the manufacturing of solar modules and also provides engineering, procurement, and construction (EPC) services. The company offers a diverse range of solar module products designed with advanced technologies aimed at minimising energy losses and improving efficiency. Commercial operations began in 2016 with an initial installed capacity of 125 MW. Over the years, Saatvik has scaled up significantly, reaching an annual installed capacity of nearly 3.80 GW as of June 30, 2025. This growth highlights the company’s strong focus on expanding its presence in the renewable energy sector. Saatvik operates two large-scale manufacturing units located in Ambala, Haryana, collectively referred to as the Ambala Facilities. These facilities cover a total land area of approximately 724,225 square feet and are equipped to support large-scale production. The company manufactures Monocrystalline PERC (passive emitter and rear cell) modules as well as N-TopCon solar modules. Both product categories are available in mono-facial and bifacial variants, making them suitable for residential, commercial, and utility-scale solar power projects. Saatvik has also expanded its workforce alongside its operations. The company employed 138 people in March 2023, 270 in March 2024, 566 in March 2025, and 618 as of June 30, 2025, reflecting its continuous growth and operational scale-up.

Saatvik Green Energy IPO Objectives

Saatvik Green Energy IPO proposes to utilise the Net Proceeds from the Issue towards the prepayment or repayment of certain outstanding borrowings, investment in its wholly owned subsidiary Saatvik Solar Industries Private Limited for repayment or prepayment of borrowings, investment in the subsidiary for setting up a 4 GW solar PV module manufacturing facility at Gopalpur, Odisha, and for general corporate purposes.

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

Saatvik Green Energy Limited Company Financials (Amt in Rs Cr)

Saatvik Green Energy IPO Lot Size Details

Saatvik Green Energy IPO lot size is set at 32 shares per lot. For retail, the minimum lot size is 1 lot, amounting to around Rs 14,880 and the maximum is 13 lots, amounting to be around Rs 1,93,440. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,08,320.

Saatvik Green Energy IPO Promoter Holdings

Neelesh Garg, Manik Garg, Manavika Garg and SPG Trust are the company promoters. 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 Ltd. On the date of allotment, investors can click on the registrar's website, select the name of the company, and enter their PAN number or application ID to learn their allotment status.

How to apply for Saatvik Green Energy IPO

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

Saatvik Green Energy IPO IPO FAQs

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

Saatvik Green Energy IPO is a book-built issue with a issue size of Rs 900 crore, including a fresh issue of Rs 700 crore and an offer for sale of Rs 200 crore. The price band is set at Rs 442– Rs 465 per share, and applications can be made in lots of 32 shares.

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

Saatvik Green Energy IPO subscriptions open on September 19, 2025, and close on September 23, 2025. Allotment details is available on September 24, 2025, with listing scheduled for September 26, 2025, on BSE and NSE.

3. What is the GMP of the Saatvik Green Energy IPO?

Grey Market Premium (GMP) for the Saatvik Green Energy is Rs 71 (+15.27%).  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.

4. How can investors check the IPO allotment status?

Saatvik Green Energy IPO allotment status will be available on September 24, 2025. Investors can view their status on the registrar’s portal by entering their PAN or application number.

5. Who are the registrar and lead manager for the IPO?

Kfin Technologies Ltd. is the registrar, while DAM Capital Advisors Limited, Motilal Oswal Investment Advisors Limited and Ambit Private Limited is the book-running lead manager.

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