On the last day, the Saatvik Green Energy IPO was subscribed 6.93 times overall, the retail quota 2.81 times, the QIB 11.41 times, and the NII quota 10.57 times, respectively.
Details About Saatvik Green Energy IPO
Saatvik Green Energy got approval from SEBI for an IPO of ₹900 crores. This IPO consists entirely of ₹700 crores and offer for sale up to 43,01,075 equity shares with a face value of ₹2 each. Moreover, the company has set up a price band between ₹442 to ₹465 per share.
In this IPO, a total of 32 shares were available in 1 lot sizes for the minimum Retail category, and for the maximum retail category, 416 shares in 13 lot sizes. S-HNI (Minimum) total of 448 shares in a 14-lot size. S-HNI (Max) shares 2,144 in 67 lot sizes. While B-HNI Minimum has a total of 2,176 shares in a 68-lot size.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,880 and maximum investment of ₹1,93,440.
- Small HNI (S-HNI): Minimum investment of ₹2,08,320.
- S-HNI: Maximum investment of ₹9,96,960.
- B-HNI: Minimum investment of ₹10,11,840.
Subscription duration of the Saatvik Green Energy IPO
Saatvik Green Energy’s IPO opened on September 19, 2025, and closed on September 23, 2025.
Saatvik Green Energy’s allotment was finalized on September 24, 2025, and the IPO listing is on September 26, 2025.
About Saatvik Green Energy IPO
One of the top solar PV module manufacturers in India, “ Saatvik Green Energy,” was incorporated in 2015, and is a module manufacturer in India in terms of operational solar photovoltaic (“PV”) module manufacturing capacity, with an operational capacity of about 3.80 gigawatt (“GW”) modules as of February 28, 2025. The company is included in one of the few companies which has the capabilities in module manufacturing as well as engineering, procurement, and construction. The company started manufacturing in 2016. By March 31, 2017, its capacity was 125 MW, and by February 28, 2025, it had grown to 3.80 GW.
In addition, a 16 MW ground-mounted installation has also been done by Saatvik Green Energy for Dalmia Bharat Green Vision Limited in Sattur, Tamil Nadu, India, in Fiscal 2024.
The firm has also built an 8.08 MW ground-mounted solar project for Dalmia Cement (Bharat) Limited in Belgaum, Karnataka, in Fiscal 2024.
Financial Background of Saatvik Green Energy IPO
The company reported revenue of ₹2,192.47 crores in 2025 against ₹1,097.18 crores in 2024. The company reported a profit of ₹213.93 crores in 2025 against a profit of ₹100.47 crores in 2024.
