Saatvik Green Energy Limited has announced the launch of its Initial Public Offering (IPO) worth ₹900 crore, which will open for subscription on September 19, 2025, and close on September 23, 2025. The price band has been fixed at ₹442 to ₹465 per equity share with a face value of ₹2 each. The Anchor Investor bidding will take place on September 18, 2025. Investors can bid for a minimum of 32 equity shares and in multiples thereafter.
The IPO consists of a Fresh Issue of shares worth ₹700 crore and an Offer for Sale (OFS) of shares worth ₹200 crore by existing shareholders. Eligible employees applying in the reserved portion will also get a discount of ₹44 per share. At least 35% of the net offer will be reserved for retail investors, 15% for non-institutional investors, and the rest for Qualified Institutional Buyers (QIBs).
Saatvik Green Energy plans to use the net proceeds from the Fresh Issue for repayment of borrowings, investment in its wholly-owned subsidiary Saatvik Solar Industries Pvt. Ltd., and to set up a 4 GW solar PV module manufacturing facility at Gopalpur Industrial Park, Ganjam, Odisha. The balance will be used for general corporate purposes.
The IPO is being managed by DAM Capital Advisors Ltd and Motilal Oswal Investment Advisors Ltd as the Book Running Lead Managers (BRLMs). Equity shares of Saatvik Green Energy are proposed to be listed on both BSE and NSE, offering investors a strong opportunity to participate in India’s growing renewable energy sector.
