{"id":5852,"date":"2025-09-22T05:19:06","date_gmt":"2025-09-22T05:19:06","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=5852"},"modified":"2025-09-24T13:15:15","modified_gmt":"2025-09-24T13:15:15","slug":"saatvik-green-energy-ipo-dates-price-band-and-riding-the-solar-surge","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/saatvik-green-energy-ipo-dates-price-band-and-riding-the-solar-surge\/","title":{"rendered":"Saatvik Green Energy IPO &#8211; Dates, Price Band, and  Riding the Solar Surge"},"content":{"rendered":"<h3>Introduction<\/h3>\n<p>With solar energy pushing to the forefront of India\u2019s renewable agenda, Saatvik Green Energy IPO may be one of the attractive plays for investors looking at clean energy infrastructure. The company combines module manufacturing, EPC (Engineering, Procurement &amp; Construction), and O&amp;M (Operations &amp; Maintenance) services, giving broad exposure in the solar value chain. Below is a deep dive into the IPO: what the company offers, its financials, strengths &amp; risks, and whether it\u2019s worth considering.<\/p>\n<h3>IPO Details<\/h3>\n<div class=\"relative overflow-x-auto sm:rounded-lg\">\n<table class=\"w-full text-sm text-left rtl:text-right text-gray-500 dark:text-gray-400\">\n<thead class=\"text-xs text-gray-700 uppercase bg-gray-50 dark:bg-gray-700 dark:text-gray-400\">\n<tr >\n<td class=\"px-6 py-4\"><b>Detail<\/b><\/td>\n<td class=\"px-6 py-4\"><b>Information<\/b><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"odd:bg-white odd:dark:bg-gray-900 even:bg-gray-50 even:dark:bg-gray-800 border-b dark:border-gray-700 border-gray-200\">\n<td class=\"px-6 py-4\"><b>Opening Date<\/b><\/td>\n<td class=\"px-6 py-4\"><span style=\"font-weight: 400;\">19 Sep 2025<\/span><\/td>\n<\/tr>\n<tr class=\"odd:bg-white odd:dark:bg-gray-900 even:bg-gray-50 even:dark:bg-gray-800 border-b dark:border-gray-700 border-gray-200\">\n<td class=\"px-6 py-4\"><b>Closing Date<\/b><\/td>\n<td class=\"px-6 py-4\"><span style=\"font-weight: 400;\">23 Sep 2025<\/span><\/td>\n<\/tr>\n<tr class=\"odd:bg-white odd:dark:bg-gray-900 even:bg-gray-50 even:dark:bg-gray-800 border-b dark:border-gray-700 border-gray-200\">\n<td class=\"px-6 py-4\"><b>Price Band<\/b><\/td>\n<td class=\"px-6 py-4\"><span style=\"font-weight: 400;\">\u20b9442 \u2013 \u20b9465 per share<\/span><\/td>\n<\/tr>\n<tr class=\"odd:bg-white odd:dark:bg-gray-900 even:bg-gray-50 even:dark:bg-gray-800 border-b dark:border-gray-700 border-gray-200\">\n<td class=\"px-6 py-4\"><b>Issue Size<\/b><\/td>\n<td class=\"px-6 py-4\"><span style=\"font-weight: 400;\">\u20b9900 Crore<\/span><\/td>\n<\/tr>\n<tr class=\"odd:bg-white odd:dark:bg-gray-900 even:bg-gray-50 even:dark:bg-gray-800 border-b dark:border-gray-700 border-gray-200\">\n<td class=\"px-6 py-4\"><b>Lot Size<\/b><\/td>\n<td class=\"px-6 py-4\"><span style=\"font-weight: 400;\">32 shares per lot<\/span><\/td>\n<\/tr>\n<tr class=\"odd:bg-white odd:dark:bg-gray-900 even:bg-gray-50 even:dark:bg-gray-800 border-b dark:border-gray-700 border-gray-200\">\n<td class=\"px-6 py-4\"><b>Minimum Investment (Retail)<\/b><\/td>\n<td class=\"px-6 py-4\"><span style=\"font-weight: 400;\">\u20b914,880 (at upper price band)<\/span><\/td>\n<\/tr>\n<tr class=\"odd:bg-white odd:dark:bg-gray-900 even:bg-gray-50 even:dark:bg-gray-800 border-b dark:border-gray-700 border-gray-200\">\n<td class=\"px-6 py-4\"><b>Listing Exchanges<\/b><\/td>\n<td class=\"px-6 py-4\"><span style=\"font-weight: 400;\">BSE &amp; NSE<\/span><\/td>\n<\/tr>\n<tr class=\"odd:bg-white odd:dark:bg-gray-900 even:bg-gray-50 even:dark:bg-gray-800 border-b dark:border-gray-700 border-gray-200\">\n<td class=\"px-6 py-4\"><b>Expected Listing Date<\/b><\/td>\n<td class=\"px-6 py-4\"><span style=\"font-weight: 400;\">26 September 2025<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><span style=\"font-size: 8pt;\">Source: BSE | Chittorgarh<\/span><\/p>\n<h3>Business Overview<\/h3>\n<p>Saatvik Green Energy is a fully integrated solar solutions provider engaged in manufacturing PV modules, including Mono PERC, N-TopCon, and bifacial\/monofacial variants, alongside offering EPC services for rooftop and ground-mounted projects as well as O&amp;M support. The company operates a manufacturing base in Ambala, Haryana, and is scaling up further with a new 4 GW facility coming up in Odisha.<\/p>\n<p><span style=\"font-size: 8pt;\">Source: RHP<\/span><\/p>\n<div class=\"relative overflow-x-auto sm:rounded-lg\">\n<table class=\"w-full text-sm text-left rtl:text-right text-gray-500 dark:text-gray-400\">\n<thead class=\"text-xs text-gray-700 uppercase bg-gray-50 dark:bg-gray-700 dark:text-gray-400\">\n<tr>\n<td class=\"px-6 py-4\"><b>Particulars<\/b><\/td>\n<td class=\"px-6 py-4\"><b>31 Mar 2025<\/b><\/td>\n<td class=\"px-6 py-4\"><b>31 Mar 2024<\/b><\/td>\n<td class=\"px-6 py-4\"><b>31 Mar 2023<\/b><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"odd:bg-white odd:dark:bg-gray-900 even:bg-gray-50 even:dark:bg-gray-800 border-b dark:border-gray-700 border-gray-200\">\n<td class=\"px-6 py-4\"><b>Assets<\/b><\/td>\n<td class=\"px-6 py-4\"><span style=\"font-weight: 400;\">1635.74<\/span><\/td>\n<td class=\"px-6 py-4\"><span style=\"font-weight: 400;\">688.04<\/span><\/td>\n<td class=\"px-6 py-4\"><span style=\"font-weight: 400;\">263.00<\/span><\/td>\n<\/tr>\n<tr class=\"odd:bg-white odd:dark:bg-gray-900 even:bg-gray-50 even:dark:bg-gray-800 border-b dark:border-gray-700 border-gray-200\">\n<td class=\"px-6 py-4\"><b>Total Income<\/b><\/td>\n<td class=\"px-6 py-4\"><span style=\"font-weight: 400;\">2192.47<\/span><\/td>\n<td class=\"px-6 py-4\"><span style=\"font-weight: 400;\">1097.18<\/span><\/td>\n<td class=\"px-6 py-4\"><span style=\"font-weight: 400;\">617.63<\/span><\/td>\n<\/tr>\n<tr class=\"odd:bg-white odd:dark:bg-gray-900 even:bg-gray-50 even:dark:bg-gray-800 border-b dark:border-gray-700 border-gray-200\">\n<td class=\"px-6 py-4\"><b>Profit After Tax<\/b><\/td>\n<td class=\"px-6 py-4\"><span style=\"font-weight: 400;\">213.93<\/span><\/td>\n<td class=\"px-6 py-4\"><span style=\"font-weight: 400;\">100.47<\/span><\/td>\n<td class=\"px-6 py-4\"><span style=\"font-weight: 400;\">4.75<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><span style=\"font-size: 8pt;\">Source: RHP | Chittorgarh<\/span><\/p>\n<h3>Company\u2019s Strengths &amp; Weaknesses<\/h3>\n<p><strong>Strengths<\/strong><\/p>\n<ul>\n<li><strong>End-to-End Operations:<\/strong> The company manages the full solar value chain, from module manufacturing to EPC execution and O&amp;M services, which ensures greater control, efficiency, and reliability in project delivery.<\/li>\n<li><strong>Strong Financial Growth:<\/strong> Recent years have seen a sharp rise in revenue and profitability, reflecting scale-up in operations and strong demand for solar modules and EPC services.<\/li>\n<li><strong>Capacity Expansion &amp; Order Pipeline:<\/strong> Saatvik is steadily increasing its module production capacity and has a visible pipeline of orders, providing clear demand visibility in the medium term.<\/li>\n<li><strong>Diversified Offerings &amp; Markets:<\/strong> With a product basket that includes Mono PERC, bifacial, and TopCon modules, the company caters to both domestic and international markets, mitigating dependence on a single segment.<\/li>\n<\/ul>\n<p><strong>Weaknesses<\/strong><\/p>\n<ul>\n<li><strong>Client Concentration:<\/strong> A significant portion of revenue is derived from a limited set of customers, creating dependency risk.<\/li>\n<li><strong>Raw Material Sensitivity:<\/strong> The business is exposed to fluctuations in raw material prices and dependence on imports, which can impact margins.<\/li>\n<li><strong>Execution &amp; Expansion Risks:<\/strong> The upcoming Odisha plant and other capacity expansions carry risks of project delays or cost overruns.<\/li>\n<li><strong>Policy &amp; Regulatory Dependence:<\/strong> Growth is closely linked to government policies, subsidies, and renewable energy allocations. Any unfavorable change could impact demand or margins.<\/li>\n<\/ul>\n<h3>Key IPO Highlights<\/h3>\n<ul>\n<li>Fresh Issue (~\u20b9700 Crore): Proceeds intended for capacity expansion and working capital.<\/li>\n<li>Offer for Sale (~\u20b9200 Crore): Provides partial exit to existing shareholders.<\/li>\n<li>Financial Position: Healthy profit margins, rising return on equity, and improving net worth enhance attractiveness.<\/li>\n<\/ul>\n<p><strong>Conclusion<\/strong><\/p>\n<p>Saatvik Green Energy\u2019s IPO gives investors exposure to one of the fastest-growing sectors in India\u2019s renewable energy landscape. With integrated operations, rising financial strength, and planned capacity expansion, the company is well-positioned for growth. However, risks around customer concentration, policy dependence, and execution challenges must be weighed. For investors with a medium-to-long-term view, this IPO could be a strong bet on India\u2019s solar power momentum.<\/p>\n<p><span style=\"font-size: 8pt;\">Investments in the securities market are subject to market risks, read all the related documents carefully before investing. This content is purely for information purpose only and in no way to be considered as an advice or recommendation. Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO. Paytm Money Ltd SEBI Reg No. Broking \u2013 INZ000240532, Depository Participant &#8211; IN &#8211; DP &#8211; 416 &#8211; 2019, Depository Participant Number: CDSL \u2013 12088800, NSE (90165), BSE (6707) Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi \u2013 110019. For complete Terms &amp; Conditions and Disclaimers visit: https:\/\/www.paytmmoney.com\/stocks\/policies\/terms.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction With solar energy pushing to the forefront of India\u2019s renewable agenda, Saatvik Green Energy IPO may be one of the attractive plays for investors looking at clean energy infrastructure. The company combines module manufacturing, EPC (Engineering, Procurement &amp; Construction), and O&amp;M (Operations &amp; Maintenance) services, giving broad exposure in the solar value chain. Below<a href=\"https:\/\/www.paytmmoney.com\/blog\/saatvik-green-energy-ipo-dates-price-band-and-riding-the-solar-surge\/\">Continue reading <span class=\"sr-only\">&#8220;Saatvik Green Energy IPO &#8211; Dates, Price Band, and  Riding the Solar Surge&#8221;<\/span><\/a><\/p>\n","protected":false},"author":47,"featured_media":5853,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-5852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/5852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=5852"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/5852\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media\/5853"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=5852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=5852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=5852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}