Saatvik Green Energy IPO

Introduction

The sun is shining on India’s renewable energy sector, and Saatvik Green Energy Limited is leading the charge. As a top solar module manufacturer powering the nation’s green ambitions, their ₹900 crore IPO has created buzz among retail and institutional investors this September. Whether you’re passionate about sustainability or seeking strong growth stories, Saatvik’s market debut could illuminate your portfolio.

IPO Details at a Glance

• Subscription Window: September 19–23, 2025
• Issue Size: ₹900 crore (₹700 crore fresh issue + ₹200 crore offer for sale)
• Price Band: ₹442–₹465 per share
• Lot Size: 32 shares (min. ₹14,880)
• Tentative Listing Date: September 26, 2025 (BSE & NSE)
• Registrar: Kfin Technologies
• Merchant Bankers: DAM Capital Advisors, Ambit, Motilal Oswal Investment Advisors

Company Overview & Financials

Founded in 2015, Gurugram-based Saatvik Green Energy is among India’s largest integrated module manufacturers, with nearly 4 GW capacity and strong plans for expansion. Beyond panels, they’re active in EPC (engineering, procurement, construction), operations, and maintenance for both rooftop and ground-mounted solar projects.

Financial Metric	FY25	FY24	FY23
Revenue (₹ Cr)	2,192.5	1,097.3	617.6
EBITDA (₹ Cr)	353.9	156.8	23.9
Net Profit (₹ Cr)	213.9	100.5	4.8
Net Worth (₹ Cr)	337.7	120.7	20.2
RoNW	63.4%	—	—
EBITDA Margin	16.4%	—	—
PE Ratio	24.4x	—	—

IPO Objectives

:

• Debt repayment (₹177.3 crore—reduces interest expenses)
• Setting up new 4 GW solar facility in Odisha (₹477.2 crore—doubles capacity)
• General corporate purposes

Market Sentiment & Growth Prospects

With a strong order book, trusted EPC solutions, and leadership in national solar schemes, Saatvik is well-positioned for sector tailwinds. The grey market premium (GMP) at ₹78 signals a robust listing expectation, almost 17% above the upper price band—a rare pop in crowded solar IPO landscape this year.

How To Apply for the IPO Online?

1. Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
3. Select IPO: Find and select the IPO from the list of open IPOs. 
4. Enter the Lot Size: Specify the number of lots you want to bid for. 
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of the IPO?

Steps to check IPO allotment status on JM Pro app: 

1. Log in to the JM Pro app. 
2. Go to the IPO Section and then to IPO Orders. 
3. Select the individual IPO that you had applied for and check the allotment status. 
4. JM Financial Services will notify you of your IPO allotment status via push notification and email. 

Final Word:
Solar is powering India’s entry into sustainable, high-growth investing, and Saatvik Green Energy’s IPO offers a thoughtful chance to participate. Review the fundamentals, consider the sector’s potential—and use trusted guides like JM Financial for smart, informed IPO participation.

FAQs :-

Q1: What is Saatvik Green Energy’s minimum application size?
A: 32 shares per lot; ₹14,880 at the upper price band.

Q2: Where will the IPO funds be used?
A: Debt reduction, new module manufacturing in Odisha, working capital, general expansion.

Q3: What is the expected listing date?
A: Tentative date is September 26, 2025 (BSE & NSE).

Q4: Is Saatvik Green Energy profitable?
A: Yes, FY25 profit after tax is ₹213.9 crore, EBITDA margins are strong (16.4%).

Q5: Is JM Financial involved in Saatvik’s IPO?
A: JM Financial isn’t a manager, but provides sectoral and IPO market insights, emphasizing renewable opportunities and prudent financial analysis.

Q6: What risks should investors consider?
A: Competition, solar policy, margin volatility, and project execution discipline.