Saatvik Green Energy IPO Opens for Subscription Today; Raises ₹269.4 Crore from Anchors

Mumbai, 19th September 2025: Saatvik Green Energy Limited’s ₹900 crore initial public offering (IPO) is opened today, following a satisfactory start with the anchor book allocation of ₹269.4 crore on 18th September 2025. Saatvik Green Energy IPO priced in the price band of ₹442–₹465 per equity share will remain open for subscription till 23rd September 2025 and will get listed on BSE and NSE on 26th September 2025.

Saatvik Green Energy, which is based in Ambala, Haryana and incorporated in 2015, is a leading solar photovoltaic (PV) module player with an installed base of 3.2 GW. The company distributes modules in the domestic market and also supplies modules to North America, Africa, and South Asia.

It is aggressively growing with a planned 4 GW PV module factory in Odisha and a 4.8 GW solar cell factory via its subsidiary, Saatvik Solar Industries. Its products find usage in renewable energy, infrastructure, cement, steel, and telecom segments, benefiting from the government support and surging international demand for clean power.

Anchor Book Subscription Sees ₹269.4 Crore Subscription with 74.16% Contributed by Domestic Mutual Funds

In its anchor placement, Saatvik Green Energy alloted 5,793,547 equity shares at the higher price band of ₹465 per share, aggregating ₹269.4 crore. Notably, ₹199.8 crore (74.16%) of this has been contributed by six domestic mutual fund schemes, and this reflects the strength of domestic institutional funding.

Significant allocations were:

• HDFC MF – HDFC Manufacturing Fund: 1,498,208 shares aggregating to ₹69.67 crore.
• Nippon India Small Cap Fund: 1,021,504 shares aggregating to ₹47.50 crore.
• 3P India Equity Fund 1: 1,075,264 shares aggregating to ₹50.00 crore.
• Others who participated were Bandhan Small Cap Fund, SBI General Insurance, and 360 ONE Equity Opportunity Fund, each of which participated with approximately ₹9.80 crore.

IPO Timeline Highlights Key Subscription and Listing Dates

The IPO follows a timed schedule, with the issue opening today; Other key dates are as follows:

• Issue Closes: 23 September 2025 (5 PM UPI mandate cut-off date)
• Finalisation of Allotment: 24 September 2025
• Refund Initiation: 25 September 2025
• Demat Credit: 25 September 2025
• Listing at BSE & NSE: 26 September 2025
• Anchor lock-in: 50% till 24 October 2025; balance until 24 December 2025

With a lot size of 32 shares, retail investors will have to invest ₹14,880 at the upper price band to apply.

Saatvik Green Energy’s ₹900 crore IPO comes at a time when renewable energy is witnessing record growth in India and internationally. With ₹269.4 crore of anchoring raised and the trajectory for growth in solar production evident, the issue is a milestone occasion for the capital-raising activity in the clean energy space.

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