Saatvik Green Energy IPO Day 3: Check GMP, Subscription Status & Key Highlights
The public subscription window for the ₹900 crore Saatvik Green Energy IPO will conclude today. The IPO has received a muted response from all investor categories and has been subscribed 1.09 times as of the end of Day 2.
Saatvik Green Energy IPO: Issue Details
- Issue Size: 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.
- Price Band: The price band is set between ₹442 and ₹465 per share.
- Book-running lead managers: DAM Capital Advisors Limited, Ambit Private Limited and Motilal Oswal Investment Advisors Limited
- Registrar: Kfin Technologies Ltd
- Listing: The shares are proposed to be listed on the NSE and the BSE on September 26.
Saatvik Green Energy IPO Day 3: Subscription Details
[23-September-2025 11:21:00]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.02 |
|
Non-Institutional Investors |
1.78 |
|
Retail Individual Investors (RIIs) |
1.80 |
|
Employees |
3.93 |
|
Total |
1.30 |
Utilisation of IPO Proceeds
The company aims to use the net proceeds from the fresh issue towards the following objectives.
- Repay/prepay the company’s outstanding borrowings.
- General corporate purposes.
- Invest in Saatvik Solar Industries Private Limited, the company’s wholly owned subsidiary, to establish a 4 GW solar PV module manufacturing facility at National Highway, Gopalpur, Ganjam, and repay/prepay outstanding debt.
Saatvik Green Energy IPO GMP Details
As of 23 September 2025, Saatvik Green Energy IPO's GMP stood at ₹9. The estimated listing price is ₹483, i.e., a 3.87% gain per share over the upper price band.
Source: Business Standard Report dated 23 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. |
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