Saatvik Green Energy IPO Subscribed over 6.93x on Day 3

By Jagat Joshi
September 23, 2025
6:43 pm
Join
Follow

By Jagat Joshi
September 23, 2025

Saatvik Green Energy IPO subscription started on September 19, 2025, and the IPO will close on September 23, 2025, as per the schedule. The price band is set at ₹442 to ₹465 per share with a face value of ₹2 each.

Saatvik Green Energy IPO Subscription Status

Saatvik Green Energy IPO subscribed over 6.93x on its last day till 5.00 PM on September 23, 2025.

Saatvik Green Energy IPO subscription QIB investors’ portion is 11.41 times, while NII subscribed 10.57 times, and RII investors subscribed 2.81 times.
The company has received bids for 9,39,17,792 shares against 1,35,61,291 shares on offer on the last day of subscription.
Saatvik Green Energy IPO subscribed over 6.93x on its day 3.
Saatvik Green Energy IPO subscribed over 1.15x on its day 2.
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 Financial Report

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 ₹19 as of Tuesday, 23 September 2025. That indicates the IPO is trading at ₹484 with a ₹19 premium in the grey market against the issue price of ₹465.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

Add IPOWatch to your Google News feed.

Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.