IPO Alert : 900 crore blast! ₹442–465 price band, know the details before investing:

News Topical, Digital Desk : Solar panel maker Saatvik Green Energy on September 16 fixed a price band of Rs 442 to Rs 465 per share for its Rs 900 crore IPO. The company's valuation at the upper price is around Rs 5,910 crore. The IPO of this Haryana-based company will open for subscription on September 19 and close on September 23. Bidding for anchor investors will open for one day on September 18.

This IPO of the company consists of fresh shares worth Rs 700 crore and an offer-for-sale (OFS) of Rs 200 crore from the promoter.

Where will the company use the funds?

The proceeds of Rs 477.23 crore from the new shares will be invested in Saatvik Green Energy Solar Industries, which will set up a 4 GW solar PV module manufacturing facility at Gopalpur Industrial Park in Odisha.
Rs 166.44 crore will be used for payment or pre-payment of outstanding debt of the subsidiary company.
Rs 10.82 crore will be used to repay some of the debt of the parent company.
The remaining amount will be kept for general corporate purposes.

Know about Saatvik Green Energy
Saatvik Green Energy manufactures solar photovoltaic modules and had an operational capacity of approximately 3.8 GW as of June 30, 2025. The company also provides engineering, procurement and manufacturing services for solar projects. This includes ground-mounted and rooftop solar installations.

IPO Allotment

50% of the portion is reserved for qualified institutional buyers (QIBs).
35% share for retail investors.
15% share is for non-institutional investors.

DAM Capital Advisors, Ambit and Motilal Oswal Investment Advisors are the book-running lead managers to the issue. The company's shares are expected to be listed on the stock exchanges on September 26.