Saatvik Green Energy IPO to open on Sep 19, GMP suggests 14.62% listing gains; Check key details here
One of the leading module manufacturers in India, Saatvik Green Energy, is coming up with its IPO on September 19, 2025. The company has filed its red herring prospectus (RHP) on September 15, 2025.
About the IPO
- Issue Structure: According to the RHP, the 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.
- Price Band: The price band is set between ₹442 and ₹465 apiece.
- Subscription Period: The IPO will remain open from September 19, 2025, until September 23, 2025.
- Allotment & Listing: The basis of allotment will be finalised by September 24, 2025, and tentative listing on BSE and NSE is September 26, 2025.
- Book-running Lead Managers: DAM Capital Advisors Limited, Ambit Private Limited, and Motilal Oswal Investment Advisors Limited are the book-running lead managers for the IPO.
- Registrar: MUFG Intime India Private Limited is the registrar for the issue.
- Use of Proceeds: The company intends to use the IPO proceeds to -
- Repay outstanding debt
- 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
As of September 18, 2025, the Airfloa Rail Technology IPO GMP stood at ₹68. The estimated listing price is ₹533, i.e., a 14.62% gain per share over the upper price band.
|
Source: InvestorGain Report dated 18 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. |
About the Company
Saatvik Green Energy is a leading module manufacturer with operational manufacturing capacity of approximately 3.80 gigawatts (GW) as of March 31, 2025. Since its inception, the company has delivered over 2.50 GW of high-efficiency solar PV modules across domestic and international markets.
Along with module manufacturing, Saatvik Green Energy also provides engineering, procurement and construction (“EPC”) and operations and maintenance (“O&M”) services.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
To read the RA disclaimer, please click here