Solar Panel Maker Saatvik Green Energy on Tuesday Fixed A Price Band of ₹ 442 to ₹ 465 per share for its upcoming ₹ 900-Crore Initial Public Offering (IPO).

At the upper end, the company is valued at Around ₹ 5,910 Crore.

The Haryana-Based Company’s iPo would open for public subscription on September 19 and conclude on September 23. The fidding for anchor investors will open for a day on September 18, ACCORORING to Public Announcement.

The company’s maiden public offering is a combination of a fresh issue of Shares 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 invested in saatvik solar industries pvt ltd for setting up a 4 gw solar pv module manufacturing facility at GOPALPULPULPUR PARKE Odisha, and ₹ 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.

Saatvik green energy is a solar photooltaic moodule manufacturer with an operational capacity of about 3.8 gw as of june 30, 2025. The company provides end-to-end engaged, procurement, procurement and concentration Services for Solar Projects, Including Ground-Mounted Solar Installations and Rooftop Solar Installations.

In terms of isesue allocation, 50 per cent of the IPO is reserved for qualified Institutional Buyers (QIBs), 35 per cent for retail investors, and the reminging 15 per cent for non -in-entitative investors.

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.

Published on September 16, 2025