Saatvik Green Energy IPO Opens Tomorrow: Key Details About The IPO

New Delhi, Sep 18, 2025: The Initial Public Offering of Saatvik Green Energy Limited will open tomorrow, on September 19. Investors interested in subscribing to the issue can use their Net Banking to apply through ASBA or use an UPI mandate to apply.

Saatvik Green Energy Limited is an Indian company that is engaged in the renewable energy sector. The company specialises in the manufacturing of solar photovoltaic (PV) modules. The company was established as a private company on 29th May 2015 and is headquartered in Gurugram, Haryana, India.

Fresh Issue Of ₹900 Crore

The issue size for Saatvik Green Energy IPO is ₹900 crore, and the IPO will remain open till September 23. The company has set a price band of ₹442–₹465 per share, with a minimum lot size of 32 shares. With the lot size, the minimum investment amount by a retail investor comes to ₹14,880 at the upper price band.

Share allotment finalisation is expected on September 24, while the company has fixed September 25 as the date for share credit and refund initiation. The shares are expected to list on September 26, 2025.

Strong Financial Growth

The company has shown strong financial growth over the last three years. In FY23, revenue from operations stood at ₹6,085.88 million, which rose to ₹10,879.65 million in FY24 and further to ₹21,583.94 million in FY25. Total income followed a similar trend, increasing from ₹6,176.27 million in FY23 to ₹10,971.81 million in FY24 and ₹21,924.65 million in FY25. Profit before tax grew sharply from ₹66.64 million in FY23 to ₹1,318.73 million in FY24 and ₹2,804.23 million in FY25. Profit after tax also surged from ₹46.72 million in FY23 to ₹1,004.72 million in FY24 and further to ₹2,139.30 million in FY25. Overall, revenue grew 3.5 times between FY23 and FY25, while net profit jumped from ₹46.7 million to over ₹2,139 million in the same period.

Capital Expenditure for PV Module Facility Key Reason For Fundraising

The company will primarily use the proceeds for capital expenditure for the upcoming 4 GW Odisha PV module facility. It will also use the proceeds for investing in its subsidiary Saatvik Solar Industries for solar cell manufacturing. The remaining amount will be used for general corporate purposes.

REF: https://nsearchives.nseindia.com/content/ipo/RHP_SAATVIK.zip

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations