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Saatvik Green Energy Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| NSE | ₹465.00 | ₹0.00 | 0.00% |
| BSE | ₹460.00 | -₹5.00 | -1.08% |
Saatvik Green Energy Subscription
Last updated on 23-Sep-2025 18:48:04
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 3860119 | 44028000 | 11.41 |
| HNIs | 2896100 | 30602752 | 10.57 |
| HNIs 10+ | 1930733 | 21786144 | 11.28 |
| HNIs 2+ | 965367 | 8816608 | 9.13 |
| Retail | 6757566 | 18912288 | 2.8 |
| Employees | 47506 | 265632 | 5.59 |
| Total | 13561291 | 93808672 | 6.92 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 4311 | 9878 | 2.29 |
| HNIs (2-10L) | 2155 | 19160 | 8.89 |
| Retail | 211223 | 491580 | 2.33 |
| Employee | - | 5892 | - |
| Total Applications: 526510 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 179.5 | 2047.3 | 11.41 |
| FIIs | - | 409.45 | - |
| DIIs | - | 195.16 | - |
| Mutual funds | - | 870.02 | - |
| Others | - | 572.67 | - |
| HNIs | 134.67 | 1423.03 | 10.57 |
| HNIs 10+ | 89.78 | 1013.06 | 11.28 |
| HNIs 2+ | 44.89 | 409.97 | 9.13 |
| Retail | 314.23 | 879.42 | 2.8 |
| Employees | 2.21 | 12.35 | 5.59 |
| Total | 630.6 | 4362.1 | 6.92 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹7.1 | @8% ₹8.1 | @9% ₹9.2 | @10% ₹10.2 | @11% ₹11.2 | @12% ₹12.2 |
Saatvik Green Energy Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 32 | 14880 | 211223 |
| sHNI | 14 | 448 | 208320 | 2155 |
| bHNI | 68 | 2176 | 1011840 | 4311 |
Saatvik Green Energy Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 5793547 | 29.93% |
| QIB | 3860119 | 19.94% |
| HNI | 2896100 | 14.96% |
| Retail | 6757566 | 34.91% |
| Employee | 47506 | 0.25% |
| Total | 19354838 | 100% |
Saatvik Green Energy About
Saatvik Green Energy IPO Details
| Issue Size | [1,93,54,838] shares (aggregating up to ₹900.00 Cr) |
| Fresh Issue | [1,50,53,763] shares (aggregating up to ₹700.00 Cr) |
| Offer for Sale | [43,01,075] shares of ₹2 (aggregating up to ₹200.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 11,20,47,000 shares |
| Share Holding Post Issue | 12,71,00,763 shares |
Saatvik Green Energy IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Key Performance Indicator (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 63.41% | 83.21% | 23.40% |
| ROCE | 60.45% | 64.07% | 24.80% |
| RONW | 63.41% | 83.21% | 23.40% |
| EPS (basic) | 19.07 | 8.96 | 0.42 |
| P/E Pre IPO | 24.35 | ||
| P/E Post IPO | 27.63 |
Company Financials In Crores
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 1635.7 | 688.0 | 263.0 |
| Total Income | 2192.5 | 1097.2 | 617.6 |
| Profit After Tax | 213.9 | 100.5 | 4.8 |
| EBITDA | 353.9 | 156.8 | 23.9 |
| NET Worth | 337.7 | 120.7 | 20.3 |
| Reserves and Surplus | 315.3 | 117.4 | 16.9 |
| Total Borrowing | 458.1 | 263.4 | 144.5 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Saatvik Green Energy Limited | - | - | 2 |
| Waaree Energies Limited | 55.02 | 3739.15 | 10 |
| Premier Energies Limited | 49.96 | 1066.7 | 1 |
Source:RHP, Closing Price as on September 11, 2025,All financial information for listed industry peers is on an audited consolidated basis from their audited financial statements for Fiscal 2025, sourced from Stock Exchange websites. Details for saatvik green Energy limited are from Restated Consolidated Financial Information, while Basic/Diluted EPS is from peers’ published FY2025 results, and P/E ratios are based on BSE closing prices as of September 11, 2025.
Peer Comparision (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Saatvik Green Energy Limited | 30.14 | 63.41% | 19.09 |
| Waaree Energies Limited | 158.13 | 19.48% | 68.24 |
| Premier Energies Limited | 15.33 | 33.14% | 21.35 |
Company Overview
Manufactures solar modules and provides engineering, procurement, and construction (EPC) services.
Expanded installed capacity from 125 MW (FY2017) to 3.80 GW as of June 30, 2025.
Operates two advanced manufacturing facilities in Ambala, Haryana, spread across 724,225 sq. ft.
Product portfolio includes:
Monocrystalline PERC (Mono PERC) modules
N-TopCon solar modules
Both available in mono-facial and bifacial variants, catering to residential, commercial, and utility-scale projects.
Strength
Quality customer base with strong order visibility: Long-term relationships and repeat orders from reputed clients ensure stability in operations and predictable revenues.
Leading position in India’s solar module manufacturing space: Recognition as one of the top players offering integrated manufacturing and EPC solutions to Independent Power Producers strengthens industry standing.
Adoption of advanced and efficient technologies: Use of Mono PERC and N-TopCon technologies helps reduce energy losses, improve performance ratios, and maintain cost competitiveness in a highly dynamic industry.
Weakness
High customer concentration: Top 10 customers contributed 57.77% (FY25), 63.86% (FY24), and 79.38% (FY23) of revenues. Loss of any key customer could significantly impact financial performance.
Dependence on raw material prices: Volatility in solar PV cells and other raw material costs could affect margins and manufacturing economics.
Industry risks: As with any solar module manufacturer, risks such as technological changes, competitive pressures, and supply chain disruptions could materially affect business operations, financial condition, and growth prospects.
Saatvik Green Energy Latest Announcements
| Date | Subject | Attachment Text |
|---|
Saatvik Green Energy Financial Results
Saatvik Green Energy Lead Manager(s)
Saatvik Green Energy Address
Vill. Dubli,
V.P.O
Bihta Tehsil, ,
Ambala, Haryana, 133101
Phone: 0124-3626755
Email: investors@saatvikgroup.com
Website: https://saatvikgroup.com/
Saatvik Green Energy Registrar
Saatvik Green Energy Reviewers
| Reviewer | Recommendation | File |
|---|