SAI URJA INDO VENTURES LIMITED

25 Sep 2026 - 29 Sep 2026 SME BSE

Min Investment

₹2,71,200.00

Price Band

₹107-₹113

Issue Size

₹18.32 Cr

Lot Size

1200 (per lot)

IPO Dates
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25 Sep 2026

Open Date

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29 Sep 2026

Close Date

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30 Sep 2026

Allotment Date

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05 Oct 2026

Listing Date

Know Before Investing

Strengths icon

  • Long-standing track record in providing thermal power plant operation and maintenance services.
  • Strong and growing order book value providing clear visibility on future revenues.
  • Established long-term client relationships primarily with Public Sector Undertakings.
  • Experienced promoter-led management team supported by a skilled technical workforce.
  • Proven capability to execute multi-disciplinary industrial contracts across various geographical regions.

Weaknesses icon

  • High revenue concentration with top 10 clients accounting for over 99% of total revenues.
  • Significant business reliance on contracts awarded by Public Sector Undertakings.
  • High workforce attrition rates can impact operational stability and project completion.
  • Substantial working capital requirements lead to high cash flow vulnerability.
  • Heavy revenue dependence on companies operating within the thermal power generation sector.

About Sai Urja Indo Ventures Limited

Sai Urja Indo Ventures Limited provides operation and maintenance services primarily to power generation facilities, along with industrial units in the iron, steel, and agrochemical sectors. The company’s core operations involve managing plant routines, electrical systems, control and instrumentation maintenance, housekeeping, and specialized industrial support activities. Revenue is primarily generated through fixed-price biennial and triennial service contracts awarded through competitive bidding processes by public sector undertakings and private companies. Operating mainly out of Maharashtra, the business relies on an in-house engineering and technical workforce to execute projects across multiple Indian states. The company specializes in thermal power plant operations, maintaining equipment performance, and handling fuel logistics such as railway sidings and coal handling plants.

IPO Objectives

1. Funding the working capital requirements of our Company

2. Debt Repayment/prepayment, in full or part, availed by our Company

3. General Corporate Purpose

Company Promoters

Harsh Ajay Kumar Mittal

Santosh Ajay Kumar Mittal

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 2.8
Non-Institutional Buyers 6.19
Retail Investors 4.04
Total 13.03
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