With back backing from prominent anchor investors, Saatvik Green Energy is positioned for Substantiial Long-Term Growth, Meriting a “Subscribe” Rating from Analysts.
Solar Panel Maker Saatvik Green Energy’s Initial Public Offering with a price band of ₹ 442-465 per share Hits the market on Friday and closes on September 23. The Market Lot Is 32 Shares. While up to 50 per cent of the issue is being reserved for qualified institutional boyers, 35 per cent for retail investors and the remain 15 per cent for non-institutional investors.
The IPO is a combination of a fresh issue Worth ₹ 700 Crore and an offer for Sale (ofs) of ₹ 200 Crore by Promoters.
Proceeds from the fresh issue Worth ₹ 477.23 Crore will be investment in saatvik solar industries private limited for setting up a 4 gw solar pv module manufactory at gopal Odisha, and Rs 166.44 Crore will be infused into the subsidiary for repayment or prepayment of its outstanding borrowings.
Additional, the company will use Around ₹ 10.82 Crore to Repay Certain Borrowings at the Parent Level, while the remain funds will be set aside for general corporates.
Anchor investors
As part of the IPO exercise, the company on Thursday Mobilized Over ₹ 269 Crore from Anchor Investors by Allotting 57.93 Lakh Shares at ₹ 465 Apiece. Among the anchor investors inclined are HDFC Mutual Fund (MF), Nippon India Mf, Bandhan Mf and SBI General Insurance Company.
Operational capacity
Saatvik Green Energy is a solar photooltaic moodule manufacturer with an operational capacity of about 3.8 gw as of June 30, 2025.
Saatvik Green Energy is a solar photooltaic module manufacturer, with 3.80 gigawatt operational capacity as of March 31, 2025. 2025. Having Supplied Over 2.50 GW of 2.50 GW of HIGH-EFFCENCINCE MODICENCON DOMESS DOMESS International Markets, it is recognized for its integrated module manufacturing, EPC, and O & M Services. With a Comprehensive Product Portfolio Comprising Mono Perc and N-Topcon Modules in Monofacial and Bifacial variants, SGEL CATERS to Residential, Commercial, Commercial, Commercial, Commercial.
The company provides end-to-end engineering, procurement and construction services for Solar Projects, Including Ground-Mounted Solar Installations and Rooftop Solar Installations.
Dam Capital Advisors, Ambit, and Motilal Oswal Investment Advisors are the Book-Running Lead Manager to the issue. Shares of the company are expected to be listed on September 26 on the bourses.
P/e Valuation Attractive vs Peers
According to choice international, at the upper end of its price band, saatvik green energy is valued at a p/e of 27.6x (fY25 EPS of ₹ 16.8), which stands at a discount to peers. With a Diversified Portfolio, Expanding Order Book, Proven Execution Track Record, And Alignment With India’s Renewable Energy Priesties, SGEL Offers SGEL Offers Significant Long-& Growth Potent. Thus, we recommend a subscribe rating.
Published on September 19, 2025