Saatvik Green Energy is set to launch its IPO from September 19 to September 23, 2025, aiming to raise approximately ₹900 crore. The shares are expected to be listed on BSE and NSE on September 26, 2025. Key details of the IPO include a price range of ₹442 to ₹465 per share, with a face value of ₹2 per share. The total issue size is ₹900 crore, which comprises a fresh issue of ₹700 crore and the sale of 43 lakh shares. The distribution of investor quotas is 35% for retail investors, 50% for qualified institutional buyers (QIB), and 15% for high net-worth individuals (HNI).
The minimum retail lot consists of 32 shares, costing ₹14,880, while the maximum retail lot consists of 416 shares, totaling ₹1,93,440. For the year 2025, the company anticipates a revenue of ₹2,192 crore and a profit of ₹213 crore, indicating significant growth and making it an appealing choice for long-term investors. The promoters include Neelesh Garg, Manik Garg, Manavika Garg, and SPG Trust, holding 90% before the IPO and 79% afterward. The funds raised will be utilized to repay loans, invest in the subsidiary Saatvik Solar, and construct a 4 GW solar plant in Odisha, along with general business purposes.
Important dates to note are the anchor bidding on September 18, IPO opening on September 19, IPO closing on September 23, allotment on September 24, refunds and Demat credit on September 25, and listing on September 26.