Saatvik Green Energy IPO Day 2: Check GMP, Subscription Status & Key Highlights
Today is day 2 of Saatvik Green Energy's ₹900 Initial Public Offering, which opened on September 19, 2025. On day 1, the IPO received a total subscription of 0.59 times. The bidding window is scheduled to close on September 23, 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. 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 NSE and BSE is September 26, 2025.
The book-running lead managers for the IPO are DAM Capital Advisors Limited, Ambit Private Limited, and Motilal Oswal Investment Advisors Limited. At the same time, Kfin Technologies Ltd serves as the registrar for the issue.
Saatvik Green Energy IPO Day 2 Subscription Status
[22-September-2025 11:01:00]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.01 |
|
Non-Institutional Investors |
0.93 |
|
Retail Individual Investors (RIIs) |
1.18 |
|
Employees |
2.56 |
|
Total |
0.80 |
Saatvik Green Energy IPO Day 1 Subscription Status
[19-September-2025 19:00:00]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.01 |
|
Non-Institutional Investors |
0.70 |
|
Retail Individual Investors (RIIs) |
0.93 |
|
Total |
0.62 |
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used to fund the following objectives:
- Repayment/prepayment of the company’s outstanding borrowings
- General corporate purposes
- Invest in Saatvik Solar Industries Private Limited, the company’s wholly owned subsidiary, to repay/prepay borrowings and set up a 4 GW solar PV module manufacturing facility at National Highway Gopalpur, Ganjam.
Saatvik Green Energy IPO GMP Details
As of 22 September 2025, Saatvik Green Energy's IPO's GMP stood at ₹18. The estimated listing price is ₹483, i.e., a 3.87% gain per share over the upper price band.
|
Source: Business Standard Report dated 22 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 we recommend or endorse trading in the grey market. |
Saatvik Green Energy Business Overview
Saatvik Green Energy is a leading solar photovoltaic (PV) module manufacturer, also engaged in Engineering, Procurement and Construction (EPC) services. The company operates a manufacturing facility with an annual capacity of 3.8 GW and has supplied more than 2.50 GW of 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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