Saatvik Green Energy share price: Stock makes flat listing on NSE at par with IPO issue price

On the BSE, the stock started trading at ₹460, down 1.08% from the issue price.

Saatvik Green Energy share price: Here's how much investors made per lot

The ₹900 crore initial share sale was a mix of a fresh issuance of equity shares aggregating to ₹700 crore and an offer for sale, or OFS, of ₹200 crore by promoters Parmod Kumar and Sunila Garg.

Of the fresh issue proceeds, ₹477.23 crore will be used by the wholly-owned subsidiary, Saatvik Solar Industries Pvt Ltd, for setting up a 4 GW solar PV module manufacturing facility, and ₹166.44 crore for unit's debt clearance.

Nearly ₹11 crore will be used to repay loans at the parent level, while the remaining funds will be utilised for general corporate purposes.

The issue fetched 6.57 times the subscription, receiving bids for 9,38,08,672 equity shares as against 1,42,71,970 shares on offer, as per the data available on the NSE website.

The part meant for qualified institutional buyers, or QIBs, got subscribed 10.84 times, and the quota for non-institutional investors got 10.04 times subscription. The retail investors' category was booked 2.66 times.

Saatvik Green Energy is a solar photovoltaic (PV) module maker with an operational capacity of around 3.8 GW as of June 2025. The company offers end-to-end engineering, procurement and construction (EPC) services for solar projects, including rooftop solar installations and ground-mounted solar installations.

Before the IPO, the company had mobilised ₹269.4 crore in the anchor round from investors, including HDFC Mutual Fund (MF), Bandhan MF, Nippon India MF, and SBI General Insurance Company, among others.

Dam Capital Advisors, Motilal Oswal Investment Advisors and Ambit were the book-running lead managers to the issue.