5 Things to Know About Saatvik Green Energy IPO: Subscription Status, GMP, Price Band and Objectives
- 19th September 2025
- 02:00 PM
- 3 min read
Summary
Saatvik Green Energy IPO, worth ₹900 crore, comprises a fresh issue of ₹700 crore and an OFS of ₹200 crore by promoters Parmod Kumar and Sunila Garg. The IPO opens for subscription from September 19–23 with a price band of ₹442–₹465 per share. The GMP today stands at ₹65, indicating a ~14% premium.1. Saatvik Green Energy IPO Subscription Status Day 1
On the first day of bidding, the Saatvik Green Energy IPO was subscribed 18%.
– Retail investors subscribed 30% of their quota.
– Non-Institutional Investors (NIIs) booked 16%.
– The Qualified Institutional Buyers (QIBs) portion is yet to see participation.
2. Saatvik Green Energy IPO Price Band and Size
The public issue is worth ₹900 crore, comprising:
– ₹700 crore fresh issue of shares
– ₹200 crore Offer for Sale (OFS) by promoters Parmod Kumar and Sunila Garg
The IPO price band is ₹442–₹465 per share, with a lot size of 32 shares. At the upper band, Saatvik Green Energy’s valuation is about ₹5,910 crore.
Ahead of the IPO, the company raised ₹269.4 crore from anchor investors such as HDFC MF, Bandhan MF, Nippon India MF and SBI General Insurance.
3. Objectives of the IPO
The proceeds from the fresh issue will be used for:
– ₹477.23 crore to set up a 4 GW solar PV module manufacturing facility in Odisha.
– ₹166.44 crore for subsidiary-level debt repayment.
– ₹10.82 crore for borrowings at the parent level.
– Balance for general corporate purposes.
Apply to the Saatvik Green Energy IPO via PL Capital’s e-IPO platform here.
4. Saatvik Green Energy Company Profile
– Haryana-based solar photovoltaic (PV) module manufacturer
– Current operational capacity: 3.8 GW (as of June 2025)
– Provides end-to-end EPC services including rooftop and ground-mounted solar projects
– Expansion through the Odisha plant will enhance production capacity and support India’s renewable energy targets
5. Saatvik Green Energy IPO GMP Today
The Saatvik Green Energy IPO GMP today is ₹65 per share. This means unlisted shares are trading at around ₹530, against the IPO price band’s upper end of ₹465. The grey market premium reflects a potential 13.98% listing gain, suggesting positive sentiment.
Stay updated on Day 1 subscription and grey market premium – read the latest news here.
Disclaimer: ‘Grey Market Premium’ (GMP) indicates investors’ willingness to pay more than the IPO issue price in the unregulated market. GMP data is unofficial, subject to volatility, and should not be the sole basis for investment decisions. Investors are advised to consider fundamentals and risk factors before investing.
FAQs on Saatvik Green Energy IPO
Q1. What are the Saatvik Green Energy IPO dates?
Open date: September 19, 2025
Close date: September 23, 2025
Q2. What is the Saatvik Green Energy IPO allotment date?
The basis of allotment is expected on September 24, 2025.
Q3. When is the Saatvik Green Energy IPO listing date?
The shares are likely to be listed on September 26, 2025 on NSE and BSE.
Q4. What is the Saatvik Green Energy IPO lot size and minimum investment?
Lot size: 32 shares
Minimum investment (retail): ₹14,880 at the upper price band
Q5. How much did Saatvik Green Energy raise from anchor investors?
The company raised ₹269.4 crore from nine anchor investors, including HDFC Mutual Fund, Bandhan Mutual Fund, Nippon India Mutual Fund, and SBI General Insurance.
