Saatvik Green Energy IPO


Opening Date Closing Date Face Value Issue Price Lot Size Listing At Total Issue Size Basis of Allotment Initiation of Refunds Credit of Shares to Demat Listing Date
19-09-2025 30-11--0001 ₹2 per share 0 32 Shares BSE, NSE 1,93,54,838 shares (aggregating up to ₹900.00 Cr) 0000-00-00 00:00:00 2025-09-25 00:00:00 0000-00-00 00:00:00 30-11--0001

About The Company

Incorporated in 2015, Saatvik Green Energy Limited is the manufacturer of modules and offers engineering, procurement and construction (“EPC”).

The company offer a comprehensive portfolio of solar module products that are currently manufactured using technologies that help reduce energy loss and enhance overall efficiency..

The company commenced their manufacturing operations in 2016 and have over the years expanded the annual installed capacity, from 125 MW as of March 31, 2017 to about 3.80 GW as of June 30, 2025.

The company operates two module manufacturing facilities in Ambala, Haryana (together, the “Ambala Facilities”) spread across a total land area of 724,225 square feet.

Products:

  • Monocrystalline passive emitter and rear cell (“Mono PERC”) modules.
  • N-TopCon solar modules, both types are offered in mono-facial and bifacial options, suitable for various applications, including residential, commercial and utility-scale solar projects.

As of June 30, 2025, March 31, 2025, March 31, 2024 and March 31, 2023, the company had 618, 566, 270 and 138 full-time employees.

Competitive Strengths:

  • Quality Customer Base and Large Order Book
  • Among the Leading Module Manufacturing Companies in India Offering Integrated Solutions to Independent Power Producers
  • Innovative Technology Solutions for the Solar Industry
  • Multiple Sales and Revenue Channels
  • Well-Positioned to Capture Favourable Industry Tailwinds

Financials

Period Ended Total Assets Total Revenue Profit After Tax Net Worth Reserves and Surplus Total Borrow
31-03-2023 263 618 5 20.27 16.89 144.49
30-11--0001 688 1097 100 120.67 117.36 263.42
31-03-2024 1636 2192 214 337.66 315.25 458.1

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 32 14880
Retail (Max) 13
S-HNI (Min) 14 448 208320
S-HNI (Max) 67 2144 996960
B-HNI (Min) 68 2176 1011840

IPO Listing Details

Listing Date 30-11--0001
BSE Script Code N/A
NSE Symbol N/A
ISIN N/A
Final Issue Price 0

Promoter holdings

Neelesh Garg, Manik Garg, Manavika Garg and SPG Trust are the company promoters.

Pre Issue Share Holding 90.05%
Post Issue Share Holding

Contact Information of the Company

Saatvik Green Energy Ltd.
Vill. Dubli,
V.P.O
Bihta Tehsil, ,
AmbalaHaryana, 133101
Phone0124-3626755
Emailinvestors@saatvikgroup.com
Website: https://saatvikgroup.com/

IPO Registrar

Kfin Technologies Ltd.

Phone04067162222, 04079611000
Emailsaatvik.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/

IPO Lead Manager

Dam Capital Advisors Ltd. (Past IPO Performance) Ambit Pvt.Ltd. (Past IPO Performance) Motilal Oswal Investment Advisors Ltd. (Past IPO Performance)