**Saatvik Green Energy’s ₹900 Crore IPO Now Open: Should You Bid?**
*By Mudit Dube | Sep 19, 2025, 02:10 PM*
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**What’s the Story?**
Saatvik Green Energy, a leading solar panel manufacturer, has launched its much-anticipated initial public offering (IPO) today. The IPO is priced in the range of ₹442 to ₹465 per share and will remain open until September 23, 2025. The issue comprises a fresh equity infusion of ₹700 crore alongside an offer for sale (OFS) of ₹200 crore by the company’s promoters.
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**Fund Allocation**
The fresh issue proceeds totaling approximately ₹477.23 crore will be utilized to set up a state-of-the-art 4GW solar photovoltaic (PV) module manufacturing facility at the Gopalpur Industrial Park in Odisha. Additionally, ₹166.44 crore is earmarked for the subsidiary’s repayment or prepayment of existing borrowings. The company also plans to deploy around ₹10.82 crore toward repaying certain borrowings at the parent level, with the remaining funds dedicated to general corporate purposes.
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**Strong Investor Support**
Ahead of the IPO, Saatvik Green Energy successfully raised over ₹269 crore from anchor investors by allotting 57.93 lakh shares at ₹465 apiece. The anchor investor roster includes prominent institutional players such as HDFC Mutual Fund, Nippon India Mutual Fund, Bandhan Mutual Fund, and SBI General Insurance Company. This robust backing underscores significant investor confidence in the company’s growth trajectory.
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**Company Profile**
As of March 31, 2025, Saatvik Green Energy boasts an operational capacity of approximately 3.8GW. The company has supplied over 2.5GW of high-efficiency solar modules across domestic and international markets. Known for its integrated approach, Saatvik Green Energy provides end-to-end solutions encompassing module manufacturing, Engineering, Procurement, and Construction (EPC), as well as Operation & Maintenance (O&M) services.
Their turnkey EPC services cover diverse solar installations, including both ground-mounted and rooftop projects, positioning them as a comprehensive solar energy solutions provider.
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**Analyst Outlook**
At the upper band of ₹465 per share, Saatvik Green Energy is valued at a price-to-earnings (P/E) ratio of 27.6x based on the fiscal year 2025 earnings per share (EPS) of ₹16.8. This valuation is comparatively lower than many of its industry peers. Analysts at Choice International have assigned the IPO a “Subscribe” rating. They highlight the company’s diversified portfolio, expanding order book, proven execution capabilities, and strong alignment with India’s renewable energy objectives as key factors that provide substantial long-term growth potential.
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**Should You Bid?**
With strong institutional backing, a clear strategy to expand manufacturing capacity, and favorable analyst recommendations, Saatvik Green Energy’s IPO presents an attractive opportunity for investors looking to participate in India’s growing renewable energy sector. However, as with all investments, potential investors should consider their risk appetite and conduct their own due diligence before bidding.
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*Disclaimer: This article is for informational purposes only and does not constitute financial advice.*
https://www.newsbytesapp.com/news/business/saatvik-green-energy-ipo-opens-price-band-gmp-key-dates/story
