The Satvik Green Energy IPO will open on September 19, 2025, and close on September 23, 2025. The Satvik Green Energy IPO is a book-built issue. The company will raise approximately ₹900 crore through the IPO, consisting of a fresh issue of shares worth ₹700 crore and 43,01,075 equity shares with a face value of ₹2.
The price band for the Satvik Green Energy IPO is ₹442 to ₹465 per share. The retail share is 35%, QIBs 50%, and HNIs 15%. The Satvik Green Energy IPO will be listed on the BSE and NSE on September 26, 2025. The allotment for the Satvik Green Energy IPO will take place on September 24, 2025.
The company reported revenue of ₹2,192.47 crore in 2025, compared to ₹1,097.18 crore in 2024. The company reported a profit of ₹213.93 crore in 2025, compared to ₹100.47 crore in 2024. Based on the financials, IPO investors should invest in the IPO for the long term.
Saatvik Green Energy IPO Details
| IPO Date | September 19, 2025 to September 23, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | ₹442 to ₹465 per share |
| Lot Size | 32 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total 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) |
| Employee Discount | ₹44.00 |
| Issue Type | Book building 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 Market Lot
The Saatvik Green Energy IPO minimum market lot is 32 shares with ₹14,880 application amount. The retail investors can apply up-to 13 lots with 416 shares of ₹1,93,440 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 32 | ₹14,880 |
| Retail Maximum | 13 | 416 | ₹1,93,440 |
| S-HNI Minimum | 14 | 448 | ₹2,08,320 |
| S-HNI Maximum | 67 | 2,144 | ₹9,96,960 |
| B-HNI Minimum | 68 | 2,176 | ₹10,11,840 |
IPO Reservation
| Investor Category | Share Offered | % Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Saatvik Green Energy IPO Anchor Investors
| Anchor Bidding Date | September 18, 2025 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | October 24, 2025 |
| lock-in period end date 50% shares (90 Days) | December 23, 2025 |
Saatvik Green Energy IPO Dates
The Saatvik Green Energy IPO date is September 19 and the close date is September 23. The Saatvik Green Energy IPO allotment will be finalized on September 24 and the IPO listing on September 26.
| IPO Open Date: | September 19, 2025 |
| IPO Close Date: | September 23, 2025 |
| Basis of Allotment: | September 24, 2025 |
| Refunds: | September 25, 2025 |
| Credit to Demat Account: | September 25, 2025 |
| IPO Listing Date: | September 26, 2025 |
| IPO Bidding Cut-off Time: | September 23, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Neelesh Garg, Manik Garg, Manavika Garg and SPG Trust.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 11,20,47,000 | 90.05% |
| Promoter Holding Post Issue | 12,71,00,763 | 79.38% |
Saatvik Green Energy IPO Company Financial Report
The company reported revenue of ₹2,192.47 crores in 2025 against ₹1,097.18 crores in 2024. The company reported profit of ₹213.93 crores in 2025 against profit of ₹100.47 crores in 2024.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹617.63 | ₹610.96 | ₹4.75 | ₹263.00 |
| 2024 | ₹1,097.18 | ₹965.31 | ₹100.47 | ₹688.04 |
| 2025 | ₹2,192.47 | ₹1,912.85 | ₹213.93 | ₹1,635.74 |
Saatvik Green Energy IPO Valuation – FY2025
Check Saatvik Green Energy IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 63.41% |
| ROCE: | 60.45% |
| EBITDA Margin: | 16.40% |
| PAT Margin: | 9.76% |
| Debt to equity ratio: | 1.36 |
| Earning Per Share (EPS): | ₹19.09 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 63.41% |
| Net Asset Value (NAV): | ₹30.14 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Waaree Energies Limited | 68.24 | 55.02 | 19.48% | 158.13 | 14,444.50 Cr. |
| Premier Energies Limited | 21.35 | 49.96 | 33.14% | 15.33 | 6,518.75 Cr. |
About the Satvik Green Energy IPO
Satvik Green Energy, one of the top solar PV module manufacturers in India, was founded in 2015 and is the largest solar photovoltaic (PV) module manufacturer in India in terms of operational capacity. Its operational capacity as of February 28, 2025, is approximately 3.80 gigawatts (GW) of modules. The company is one of the few companies that has both module manufacturing and engineering, procurement, and construction capabilities. The company commenced manufacturing in 2016. As of March 31, 2017, its capacity was 125 MW, and this has been expanded to 3.80 GW by February 28, 2025.
The company has been providing turnkey EPC services, engineering, procurement, and construction support for major solar projects since inception.
Key projects of Satvik Green Energy:
One of Satvik Green Energy's largest projects: In 2024, the company completed 12 solar power projects totaling 12 MW for Jindal Steel & Power Limited through its EPC services.
In addition, Satvik Green Energy also installed a 16 MW ground-mounted project for Dalmia Bharat Green Vision Limited in Sattur, Tamil Nadu, India in FY 2024.
The company also installed an 8.08 MW ground-mounted solar project for Dalmia Cement (Bharat) Limited in Belgaum, Karnataka in FY 2024.