Saatvik Green Energy IPO Subscription Status
Saatvik Green Energy IPO subscribed over 0.62x on its first day till 5.00 PM on September 19, 2025.
- Saatvik Green Energy IPO subscription QIB investors’ portion is 0.01 times, while NII subscribed 0.70 times, and RII investors subscribed 0.93 times.
- The company has received bids for 84,59,808 shares against 1,35,61,291 shares on offer on the first day of subscription.
- Saatvik Green Energy IPO subscribed over 0.62x on day 1.
About Saatvik Green Energy Company
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.
The company is providing a turnkey EPC service, engineering, procurement, and construction support for major solar projects from scratch.
Highlighted Projects of Saatvik Green Energy:
One of the biggest projects of Saatvik Green Energy: in 2024, the company completed 12 12 MW solar installation for Jindal Steel and Power Limited through their EPC services.
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.
Saatvik Green Energy IPO GMP:
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.
Saatvik Green Energy IPO GMP:
Saatvik Green Energy’s IPO GMP was ₹66 as of Friday, 19 September 2025. That indicates the IPO is trading at ₹531 with a ₹66 premium in the grey market against the issue price of ₹465.
