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New Delhi: Saatvik Green Energy, engaged in the business of manufacturing solar panels, is all set to launch its initial public offer (IPO) on September 19 and conclude on September 23, 2025. The Saatvik Green Energy IPO, a book build issue of Rs 900 crore, is a combination of a fresh issue of shares worth Rs 700 crore and an offer-for-sale (OFS) of Rs 200 crore by promoters.
Saatvik Green Energy IPO price band is fixed in the range of Rs 442 to Rs 465 per share. At the upper end, the Haryana-based company is valued at around Rs 5,910 crore. The bidding for anchor investors will be made available on September 18.
In its papers filed with market regulator Securities and Exchange Board of India (SEBI), the company had mentioned that the proceeds from the IPO worth Rs 477.23 crore will be used in Saatvik Solar Industries Pvt Ltd for setting up a 4 GW solar PV module manufacturing facility at Gopalpur Industrial Park in Odisha. The company said Rs 166.44 crore will be allocated into the subsidiary for repayment or prepayment of its outstanding borrowings.
Saatvik Green Energy has declared that around Rs 10.82 crore will be used for repaying certain borrowings at the parent level and rest of the money be set aside for general corporate purposes.
| Objectives of IPO | Where will the money be spent (in ₹ crores) |
|---|---|
| Payment of debts and dues | 10.82 |
| Investment in the company by way of loan or equity or payment of certain dues and borrowings availed by such subsidiary | 166.44 |
| For setting up of new unit | 477.23 |
| Other Corporate Purposes | 245.51 |
Saatvik Green Energy is one of the top Solar Panel Manufacturers in India. It is engaged in the business of manufacturing solar photovoltaic module manufacturers with an operational capacity of about 3.8 GW as of June 30, 2025.
Saatvik Solar has planned to expand its business with an integrated cell and module manufacturing plant in Odisha. The firm will set up an initial 4.8 GW/ Annum cell manufacturing unit by FY 27 & also will set up 4GW/Annum Solar PV module manufacturing by FY26.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold and crypto assets.)
