Saatvik Green Energy To Launch IPO On 19 Sept

Saatvik Green Energy will open its Initial Public Offering on Friday, 19 September 2025. The offer will close on Tuesday, 23 September 2025.

The company has fixed the price band at Rs 442 to Rs 465 per equity share (A discount of ₹ 44 per equity share is being offered to eligible employees bidding in the employee reservation portion). Bids can be made for a minimum of 32 Equity Shares and in multiples of 32 Equity Shares thereafter. The issue will open Anchor Investors a day earlier, on Thursday, 18 September 2025. 

The total offer size of Equity Shares aggregating up to ₹ 9000 million (₹ 900 crore) comprises of fresh issue aggregating up to ₹ 7000 million (₹ 700 crore) (“Fresh Issue”) and Offer for Sale aggregating up to ₹ 2,000 million (₹ 200 crore) by Selling Shareholders (“OFS” and together with Fresh Issue, the “Offer Size”). 

The Company proposes to utilise net proceeds from Fresh Issue of Equity Shares towards Prepayment or scheduled re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company, Investment in our wholly owned Subsidiary, Saatvik Solar Industries Private Limited, in the form of debt or equity for repayment/prepayment of borrowings, in full or in part, of all or a portion of certain outstanding borrowings availed by such Subsidiary, Investment in our wholly owned Subsidiary, Saatvik Solar Industries Private Limited, for setting up of a 4 GW solar PV module manufacturing facility at National Highway – 16, Chamakhandi, Gopalpur Industrial Park, Gopalpur, Ganjam – 761 020, Odisha and balance amount towards general corporate purposes.

The offer for sale comprises of Equity shares aggregating up to ₹ 1,120 million by Parmod Kumar, aggregating up to ₹880 million by Sunila Garg (the “Promoter Selling Shareholder”).

DAM Capital Advisors Limited, Ambit Private Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers or BRLMs to the Offer.

This Equity Shares are being offered through the red herring prospectus of the Company dated September 15, 2025 (the “RHP”) filed with Registrar of Companies, Delhi and Haryana at New Delhi “RoC”) and are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).

The issue is being undertaken through the Book Building Process in compliance with SEBI ICDR Regulations. Not more than 50 per cent of the net issue will be allocated to Qualified Institutional Buyers. Up to 60 per cent of this portion may be allotted to Anchor Investors, of which one-third is reserved for domestic mutual funds.

Further, not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders (“RIBs”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price.