Saatvik Green Energy Lists at ₹465 on NSE and BSE, Slips Below Issue Price in Early Trade

New Delhi, Sep 26, 2025 – Saatvik Green Energy made its listing debut on the exchanges today at ₹465 per share, which is also the upper end of Saatvik Green IPO price band. However, selling pressure soon mounted, and the stock slipped below the issue price. At 02:45 PM, the share traded at ₹447.90 (down by 3.68% from the listing price). More than 90% of the open orders at the time were for sale, further pushing the price downwards.

Saatvik Green IPO Listing Day Performance

The stock listed at ₹465 (IPO upper band) but slipped to a low of ₹447, trading at ₹447.90 by 02:45 PM, with a volume of over 60 lakh shares and turnover of around ₹260 crore. The market capitalization stood at ₹5,738.79 crore. Strong selling pressure dominated the debut, reflecting cautious investor sentiment post-listing.

Saatvik Green IPO Recap

Saatvik Green Energy’s ₹900 crore IPO, which ran from September 19 to 23, was subscribed 6.93 times overall, led by Qualified Institutional Buyers (11.41 times) and Non-Institutional Investors (10.04 times). Retail investors bid 2.81 times, while the employee quota was oversubscribed 5.59 times.

Ahead of the public issue, the company raised ₹269.4 crore from anchor investors, with heavy participation from domestic mutual funds, including HDFC Mutual Fund, Nippon India Mutual Fund, Bandhan Mutual Fund, and SBI General Insurance.

Founded in 2015, Saatvik Green Energy Limited is a leading solar photovoltaic (PV) module manufacturer based in Ambala, Haryana, with a current capacity of 3.2 GW. The company is expanding with a 4 GW PV module facility in Odisha and a 4.8 GW solar cell line through its subsidiary. Its products cater to both domestic and global markets, including North America, Africa, and South Asia.

REF: https://www.nseindia.com/get-quotes/equity?symbol=SAATVIKGL

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