Sai Urja IPO Details
| IPO Open Date | September 25, 2026 |
| IPO Close Date | September 29, 2026 |
| Face Value | â‚ą10 Per Equity Share |
| IPO Price Band | â‚ą107 to â‚ą113 Per Share |
| Issue Size | Approx â‚ą24.95 Crores |
| Fresh Issue | Approx â‚ą20.67 Crores |
| Offer for Sale: | Approx 3,79,200 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Sai Urja IPO Market Lot
The Sai Urja IPO minimum market lot is 2400 shares with â‚ą2,71,200 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2400 | â‚ą2,71,200 |
| Retail Maximum | 2 | 2400 | â‚ą2,71,200 |
| S-HNI Minimum | 3 | 3600 | â‚ą4,06,800 |
| S-HNI Maximum | 7 | 8400 | â‚ą9,49,200 |
| B-HNI Minimum | 8 | 9600 | â‚ą10,84,800 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 5,86,800 Shares | 26.58% |
| QIB (Ex. Anchor) | 3,92,400 Shares | 17.77% |
| NII Shares Offered | 3,02,400 Shares | 13.70% |
| Retail Shares Offered | 7,10,400 Shares | 32.17% |
Sai Urja IPO Anchor Investors
| Anchor Bidding Date | September 24, 2026 |
| Anchor Investors List | |
| Shares Offered | 5,86,800 Shares |
| Anchor Size | 6.63 Cr. |
| lock-in period end date 50% shares (30 Days) | Oct 28, 2026 |
| lock-in period end date 50% shares (90 Days) | Dec 27, 2026 |
Sai Urja IPO Dates
The Sai Urja IPO date is September 25 and the close date is September 29. The Sai Urja IPO allotment will be finalized on September 30 and the IPO listing on October 5.
| IPO Open Date: | September 25, 2026 |
| IPO Close Date: | September 29, 2026 |
| Basis of Allotment: | September 30, 2026 |
| Refunds: | October 1, 2026 |
| Credit to Demat Account: | October 1, 2026 |
| IPO Listing Date: | October 5, 2026 |
Promoters and Holding Pattern
The promoters of the company are Harsh Ajaykumar Mittal and Santosh Ajay Kumar Mittal.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 53,95,788 | 92.87% | 5,016,588 | 65.67% |
| Others* | 4,14,212 | 7.13% | 2,622,212 | 34.33% |
| Total | 58,10,000 | 100% | 76,38,800 | 100% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Funding the working capital requirements of the Company | â‚ą8.00 |
| Repayment/prepayment, in full or part, of certain loans availed by the Company | â‚ą6.60 |
| General Corporate Purposes | â‚ą- |
About Sai Urja
Sai Urja Indo Ventures Limited is one of the leading companies in terms of offering Operation and Maintenance (O&M) and other support services in industrial plants, primarily in the power generation industry and other industries like iron & steel and agrochemicals.
Further, they provide a wide range of operation & maintenance services, including breakdown, predictive and preventive maintenance, condition monitoring, all field instruments calibration and testing, and other related activities for power plants and other industries. Moreover, as of mid-June 2026, the company holds 17 active projects with â‚ą7,165.10 lakh in pending execution, along with another four upcoming projects valued at â‚ą2,536.74 lakh that have yet to begin.
Company Financials
Amount â‚ą in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | â‚ą45.88 | â‚ą43.63 | â‚ą1.39 | â‚ą13.95 |
| 2025 | â‚ą65.82 | â‚ą61.54 | â‚ą3.13 | â‚ą21.11 |
| 2026 | â‚ą85.64 | â‚ą80.08 | â‚ą4.19 | â‚ą24.25 |
Company Valuation – FY2026
Check Sai Urja IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 42.44% |
| ROCE: | 50.66% |
| EBITDA Margin: | 7.65% |
| PAT Margin: | 4.98% |
| Debt to equity ratio: | 0.59 |
| Earning Per Share (EPS): | â‚ą7.29 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 42.44% |
| Net Asset Value (NAV): | â‚ą20.99 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Lakshya Powertech Limited | 9.94 | 11.27 | 9.82% | 101.17 | 179.93 Cr. |
IPO Lead Managers aka Merchant Bankers
- Shannon Advisors Pvt.Ltd.
Company Address
Sai Urja Indo Ventures Ltd.
UG-2 Office Floor,
J. K. Complex,
Nanaji Nagar Nagpur Road,
Chandrapur, Maharashtra, 442401
Phone: +919960815166
Email: headoffice@suiv.co.in
Website: https://suiv.co.in/
IPO Registrar
Maashitla Securities Pvt. Ltd.
Phone: 011-45121795
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Sai Urja IPO FAQs
What is Sai Urja IPO?
When Sai Urja IPO will open for subscription?
What is Sai Urja IPO Investors Portion?
How to Apply the Sai Urja IPO?
What is Sai Urja IPO Issue Size?
What is Sai Urja IPO Price Band?
What is Sai Urja IPO Lot Size?
What is the Sai Urja IPO Allotment Date?
What is the Sai Urja IPO Listing Date?
Note: The Sai Urja IPO price band and date are officially announced. The (Sai Urja IPO grey market premium) will be added to the IPO GMP page as it will start).
