💡 Saatvik IPO: Subscription Opens Sept 19, Listing on NSE & BSE Sept 26
Bilkul Bazaar | Ahmedabad
Saatvik Green Energy IPO Snapshot:
IPO Size: ₹900 crore
Fresh Issue: ₹700 crore
Offer for Sale: ₹200 crore
Price Band: ₹442 – ₹465 per share
Face Value: ₹2 per equity share
Lot Size: 32 shares & multiples thereof
Employee Discount: ₹44 per share
Opening Date: September 19, 2025
Closing Date: September 23, 2025
Allotment Date: September 24, 2025
Listing Date: September 26, 2025 (BSE & NSE)
Investor Quota:
QIB: 50%
Retail: 35%
HNI: 15%
Financials (FY25 vs FY24):
Revenue: ₹2,192.47 Cr vs ₹1,097.18 Cr
Profit: ₹213.93 Cr vs ₹100.47 Cr
Use of Proceeds:
Debt repayment
Investment in subsidiary (Saatvik Solar Industries Pvt. Ltd.)
Setting up 4GW PV module plant in Odisha
General corporate purposes
Book Running Lead Managers:
DAM Capital, Ambit Pvt. Ltd., Motilal Oswal
Saatvik Green Energy Limited to Launch ₹900 Crore IPO on September 19
Price Band Fixed at ₹442–₹465 per Share; Listing on BSE and NSE on September 26
Ahmedabad, September 17, 2025: Saatvik Green Energy Limited, one of India’s leading solar panel manufacturers, will open its Initial Public Offering (IPO) on Friday, September 19, 2025, with the issue closing on Tuesday, September 23, 2025. The equity shares are proposed to be listed on both BSE and NSE on September 26, 2025.
Company Overview
Saatvik Solar is ranked among the Top Solar Panel Manufacturers in India, with an annual capacity of 4.8 GW. Its Ambala-based state-of-the-art facility caters to both domestic and international markets, with over 500+ high-efficiency solar PV modules supplied worldwide.
The company’s product portfolio includes:
Monofacial (G2WB) modules – ideal for residential and commercial projects.
Bifacial (G2TB) modules – capture sunlight on both sides for higher energy generation.
N-TopCon modules – next-generation technology offering durability and superior efficiency.
Expansion plans include:
A 4GW solar PV module manufacturing unit by FY26 in Odisha.
A 4.8GW cell manufacturing plant by FY27, making it one of the largest integrated solar players in India.
Management Speaks
Neelesh Garg, CMD, Saatvik Green Energy Ltd. Said, “This IPO marks a milestone in our journey towards becoming a fully integrated solar manufacturer. The proceeds will enable us to strengthen our position in the renewable energy sector while supporting India’s clean energy mission.”
Prashant Mathur, CEO, added, “With our upcoming Odisha facility, we aim to scale up rapidly and serve growing demand across residential, commercial, and utility-scale projects. Our innovative product portfolio ensures we stay ahead of global benchmarks.”
Himanshu Singhal, VP – Marketing & Communication, highlighted, “Saatvik Solar stands for quality, innovation, and sustainability. Our products like Bifacial and N-TopCon modules are already redefining performance standards in the solar industry.”
Lead Managers
DAM Capital Advisors Limited, Ambit Private Limited, and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers (BRLMs) to the offer.
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Disclaimer: This news is for informational purposes only. Please refer to official offer documents and consult a financial advisor before investing.