# Everything you need to know about Saatvik Energy IPO

**URL:** https://tradingqna.com/t/everything-you-need-to-know-about-saatvik-energy-ipo/186726
**Category:** IPOs
**Created:** [September 17, 2025, 8:45am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-saatvik-energy-ipo/186726 "2025-09-17T08:45:34Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![hafzee](https://tradingqna.com/user_avatar/tradingqna.com/hafzee/32/29110_2.png) [@hafzee](https://tradingqna.com/u/hafzee)
#### Post date: [September 17, 2025, 8:45am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-saatvik-energy-ipo/186726/1 "2025-09-17T08:45:34Z")

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### About

Founded in 2015, Saatvik Green Energy is a leading Indian solar PV module manufacturer based in Ambala, Haryana. It specialises in high-efficiency Mono PERC and N-Type TOPCon modules for IPPs, EPC contractors, and commercial clients in India and select global markets. With a current capacity of 3.2 GW, the company is expanding with a 4.0 GW Odisha plant and a 4.8 GW cell line, aiming for full backward integration. Supported by strong customer ties, government incentives, and experienced leadership, it is well-positioned in India’s growing renewable energy sector.

### IPO schedule

| Issue open date | 2025-09-19 |
| --- | --- |
| Issue close date | 2025-09-23 |
| UPI mandate deadline | 2025-09-23 (5 PM) |
| Allotment finalization | 2025-09-24 |
| Refund initiation | 2025-09-25 |
| Share credit | 2025-09-25 |
| Listing date | 2025-09-26 |
| Mandate end date | 2025-10-08 |
| Lock-in end date for anchor investors (50%) | 2025-10-24 |
| Lock-in end date for anchor investors (remaining) | 2025-12-24 |

### Financials

| **Financial Year Ended** | **March 2023** | **March 2024** | **March 2025** |
| --- | --- | --- | --- |
| Total Assets | 262.9 | 688 | 1635.74 |
| Revenue | 617.6 | 1097.1 | 2192.47 |
| Profit After Tax | 4.75 | 100.47 | 213.93 |

### Issue size

| **Funds Raised in the IPO** | **Amount** |
| --- | --- |
| Overall | ₹900 crores |
| Fresh Issue | ₹700 crores |
| Offer for sale | ₹200 crores |

### Utilisation of proceeds

| **Purpose** | **INR crores (%)** |
| --- | --- |
| Repayment/pre-payment of outstanding borrowings | 10.82 (1.54%) |
| Repayment/pre-payment of outstanding borrowings of subsidiary | 166.44 (23.77%) |
| Capital expenditure of the subsidiary | 477.23 (68.17%) |
| General corporate purposes | 45.51 (6.5%) |

### Strengths

- Established customer base with a strong and diversified order book.
- Among India’s leading module manufacturers with integrated IPP offerings.
- Known for innovation and technology-driven solar solutions.
- Well-positioned to capitalise on favourable industry dynamics.
- Backed by strong promoters and seasoned leadership team.

### Risks

- Mono PERC modules constitute up to 87% of operational income.
- Odisha manufacturing project is vulnerable to delays and cost escalations.
- Significant dependence on Chinese imports for critical raw materials.
- Global supply glut is exerting downward pressure on solar module pricing.
- Only 10 top customers contribute to 80% of the total revenue.

## Allotment Status for Saatvik Green Energy

To check your allotment status - [click here](https://ipostatus.kfintech.com/).