Saatvik Green Energy IPO Day 1: Check GMP, Subscription Status & Key Highlights
The IPO bidding window for the Saatvik Green Energy IPO is open today, September 19, 2025, and will close on September 23, 2025. One day prior to the IPO opening, the company had raised ₹269 crore from anchor investors on September 18, 2025.
Saatvik Green Energy IPO: Issue Details
Saatvik Green Energy IPO is a book-building issue of ₹900 crore, consisting of a fresh issue of ₹700 crore and an offer for sale (OFS) of ₹200 crore worth of shares from promoters Parmod Kumar and Sunila Garg.
The price band is set between ₹442 and ₹465 per share. The basis of allotment will be finalised by September 24, 2025, and the tentative listing date on BSE and NSE is September 26, 2025.
Saatvik Green Energy IPO Day 1 Subscription Status
[19-September-2025, 10:36:00]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
Nil |
|
Non-Institutional Investors |
0.10 |
|
Retail Individual Investors (RIIs) |
0.16 |
|
Employees |
0.26 |
|
Total |
0.10 |
Utilisation of IPO Proceeds
The net proceeds from the fresh will be used towards:
- Repayment/prepayment of the company’s outstanding borrowings
- Invest in the wholly owned subsidiary, Saatvik Solar Industries Private Limited, to repay/prepay borrowings and set up a 4 GW solar PV module manufacturing facility at National Highway Gopalpur, Ganjam.
- General corporate purposes
Saatvik Green Energy IPO GMP Details
As of 19 September 2025, Saatvik Green Energy IPO’s GMP stood at ₹65. The estimated listing price is ₹530, i.e., a 13.98% gain per share over the upper price band.
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Source: Business Standard Report dated 19 September, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor do we recommend or endorse trading in the grey market. |
Saatvik Green Energy Business Overview
Saatvik Green Energy is one of India's fastest-growing solar PV module manufacturers, with a current installed capacity of 3.8 GW, as of March 31, 2025. The company is a key player in India’s solar energy market and have supplied more than 2.50 GW high-efficiency solar PV modules since its inception.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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