Saatvik Green Energy’s ₹900cr IPO now open: Should you bid?
**Saatvik Green Energy’s ₹900 Crore IPO Now Open: Should You Bid?**
*By Mudit Dube | Sep 19, 2025, 02:10 PM*
**Overview**
Saatvik Green Energy, a leading solar panel manufacturer, has launched its initial public offering (IPO) today. The IPO is priced in the range of ₹442-465 per share and will remain open till September 23, 2025. The issue comprises a fresh share issuance worth ₹700 crore and an offer for sale (OFS) of ₹200 crore by promoters.
**Fund Allocation**
The fresh issue proceeds of approximately ₹477.23 crore will be utilized to set up a 4GW solar photovoltaic (PV) module manufacturing facility at Gopalpur Industrial Park in Odisha.
Additionally, the company plans to invest ₹166.44 crore in its subsidiary for repayment or prepayment of borrowings. Around ₹10.82 crore will be used to repay certain borrowings at the parent company level, while the remaining funds will be allocated to general corporate purposes.
**Investor Support**
Ahead of the IPO, Saatvik Green Energy secured over ₹269 crore from anchor investors by allotting 57.93 lakh shares at ₹465 per share. Notable anchor investors include HDFC Mutual Fund, Nippon India Mutual Fund, Bandhan Mutual Fund, and SBI General Insurance Company.
This strong backing from prominent institutional players underscores robust investor confidence in the company’s growth prospects.
**Company Profile**
As of March 31, 2025, Saatvik Green Energy boasts an operational capacity of about 3.8 GW. The company has supplied over 2.5 GW of high-efficiency solar modules across domestic and export markets.
Known for its integrated module manufacturing along with EPC (Engineering, Procurement, Construction) and O&M (Operation & Maintenance) services, Saatvik offers end-to-end solutions for solar projects including ground-mounted and rooftop solar installations.
**Analyst Outlook**
At the upper price band, the IPO values Saatvik Green Energy at a price-to-earnings (P/E) ratio of 27.6x based on FY25 earnings per share (EPS) of ₹16.8. This valuation is lower than many of its peers in the sector.
Analysts at Choice International have assigned a “Subscribe” rating to the IPO, highlighting the company’s diversified portfolio, growing order book, proven execution track record, and strong alignment with India’s renewable energy priorities. These factors indicate significant long-term growth potential for Saatvik Green Energy.
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**Conclusion**
For investors looking to participate in the clean energy revolution, Saatvik Green Energy’s IPO offers an attractive opportunity bolstered by strong institutional support, a clear growth plan, and a competitive valuation. However, as with all investments, prospective bidders should consider their risk tolerance and conduct due diligence before subscribing.
https://www.newsbytesapp.com/news/business/saatvik-green-energy-ipo-opens-price-band-gmp-key-dates/story
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