Sattva Engineering Construction SME IPO Oversubscribed 5.65× on Day 2

Chennai, August 28, 2025 – Sattva Engineering Construction Ltd.’s (NSE: SATTVAENGG) SME IPO witnessed strong subscription on Day 2 as bids for 1.91 crore shares were received against the base issue of 33.87 lakh shares, leading to total oversubscription of 5.65 times till 5 p.m. IST.

Founded in 2005 and converted into a public company in 2024, Sattva Engineering Construction is an EPC player engaged in water resource management projects such as water supply schemes, sewerage systems, sewage treatment plants, and water treatment facilities. The company also undertakes residential infrastructure projects and holds ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certifications, along with Class I contractor status with multiple government and municipal authorities.

Retail Demand Fuels Subscription

Retail individual investors led the rush, bidding 1.36 crore shares, resulting in an oversubscription of close to 8× in the retail segment.

Non-institutional investors (NIIs) were also keen, bidding 3.89× quota, while qualified institutional buyers (QIBs) made only one bid for 16,000 shares, aggregating 0.02× subscribership.

IPO Timeline and Allotment Schedule

Sattva Engineering Construction IPO will open on August 26 and close on August 29, 2025. Allotment will be completed on September 1, and refund processing and credit of shares is due on September 2. The listing of shares will take place on the NSE Emerge platform on September 3.

Why It Matters

The robust subscription in retail and NII segments reflects increased investor demand for SME IPOs. This is further supported by the expectations of a strongly positive listing. With Day 2 leading through oversubscription, the IPO is poised for a strong listing performance.

With two days left in the bidding window, Sattva Engineering’s IPO is witnessing strong traction led by retail demand, while institutional participation is just beginning to surface.

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