Saatvik Inexperienced Vitality Restricted is arising with its Preliminary Public Providing (IPO), opening on September 19, 2025 and shutting on September 23, 2025. Traders are eager to know whether or not this concern is value subscribing to, given the corporate’s sturdy place within the renewable power sector. On this detailed IPO Evaluate, we’ll cowl Saatvik Inexperienced Vitality IPO Date, IPO Worth, IPO Measurement, Monetary Efficiency, Valuation Evaluation, Gray Market Premium (GMP), Causes to Make investments, Key Danger Components, and eventually whether or not you must Subscribe or Keep away from this IPO.
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About Saatvik Inexperienced Vitality Ltd.
Integrated in 2015, Saatvik Inexperienced Vitality Ltd. is one in all India’s main photo voltaic module producers. The corporate manufactures Monocrystalline PERC modules and N-TopCon photo voltaic modules, supplied in each mono-facial and bifacial choices. These are extensively utilized in residential, business, and utility-scale photo voltaic initiatives.
- Headquartered in Ambala, Haryana, Saatvik operates two massive module manufacturing services with a mixed capability of 3.8 GW as of June 2025, an enormous development from 125 MW in 2017.
- The corporate additionally undertakes EPC (Engineering, Procurement and Development) initiatives, offering built-in renewable power options.
- As of June 2025, the corporate employed over 600 professionals and continues to broaden aggressively.
Promoters embrace Neelesh Garg, Manik Garg, Manavika Garg, and SPG Belief.
Aggressive Strengths
- Sturdy Buyer Base and Massive Order E book – A number of long-term contracts with Unbiased Energy Producers (IPPs).
- Main Place in Photo voltaic Module Manufacturing – Among the many high gamers in India’s fast-growing renewable power sector.
- Expertise Edge – Deal with progressive options corresponding to N-TopCon photo voltaic modules with increased effectivity.
- Diversified Gross sales Channels – Home and worldwide income streams.
- Business Tailwinds – Supportive authorities insurance policies, rising demand for renewable power.
Saatvik Inexperienced Vitality IPO Difficulty Particulars
- IPO Opening Date: September 19, 2025
- IPO Closing Date: September 23, 2025
- Allotment Date: September 24, 2025
- Itemizing Date (Tentative): September 26, 2025
- IPO Worth Band: ₹442 – ₹465 per share
- Face Worth: ₹2 per share
- Lot Measurement: 32 shares
- Minimal Funding (Retail): ₹14,880 (1 lot)
- IPO Measurement: ₹900 Crores (Contemporary Difficulty ₹700 Cr + OFS ₹200 Cr)
- Lead Managers: DAM Capital, Ambit, Motilal Oswal
- Registrar: KFin Applied sciences Ltd.
- Itemizing At: BSE & NSE
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Financials of Saatvik Inexperienced Vitality
Saatvik has proven distinctive development within the final 3 years.
| Particulars | FY23 | FY24 | FY25 |
|---|---|---|---|
| Income (₹ Cr) | 617.63 | 1,097.18 | 2,192.47 |
| EBITDA (₹ Cr) | 23.87 | 156.84 | 353.93 |
| PAT (₹ Cr) | 4.75 | 100.47 | 213.93 |
| Internet Price (₹ Cr) | 20.27 | 120.67 | 337.66 |
| Borrowings (₹ Cr) | 144.49 | 263.42 | 458.10 |
Key Ratios (FY25):
- ROE: 63.41%
- ROCE: 60.45%
- EBITDA Margin: 16.4%
- PAT Margin: 9.76%
- Debt/Fairness: 1.36
Objects of the IPO
The corporate proposes to utilise IPO proceeds for:
- Debt Reimbursement / Prepayment: ₹10.82 Cr
- Funding in Subsidiary (Saatvik Photo voltaic Industries Pvt Ltd.) for debt compensation: ₹166.44 Cr
- Establishing 4 GW Photo voltaic PV Module Facility in Odisha: ₹477.23 Cr
- Normal Company Functions
Valuation – P/E Ratio In comparison with Friends
- Saatvik Inexperienced Vitality EPS (Submit Difficulty): ₹16.83
- On the higher worth band (₹465), P/E works out to 27.63x.
Peer Comparability (FY25 foundation):
- Waaree Energies – P/E ~ 33x (Highest)
- Websol Vitality – P/E ~ 18x (Lowest)
- Business Common – ~25x
👉 Saatvik’s P/E of 27.63x is barely above trade common, however decrease than Waaree Energies, making valuations affordable given its sturdy development.
Causes to Put money into Saatvik Inexperienced Vitality IPO
- Explosive Income Progress – Revenues doubled in FY25 vs FY24.
- Sturdy Profitability – PAT surged 113% YoY.
- Excessive ROE & ROCE – Over 60%, exhibiting environment friendly capital utilisation.
- Capability Growth – Upcoming 4 GW plant in Odisha will double capability.
- Authorities Push for Renewable Vitality – Beneficial sector tailwinds.
- Cheap Valuation in comparison with friends.
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Danger Components within the IPO
- Excessive Debt Ranges – Debt/Fairness ratio at 1.36; debt compensation is a key IPO goal.
- Capital-Intensive Business – Massive investments wanted for capability enlargement.
- Dependence on Coverage Assist – Renewable sector closely depending on authorities incentives.
- Competitors – Sturdy gamers like Waaree, Adani Photo voltaic, Tata Energy Photo voltaic.
- International Pricing Strain – Photo voltaic module costs fluctuate as a result of world supply-demand dynamics.
- Traders ought to undergo all inside and exterior danger elements from Saatvik Inexperienced Vitality IPO RHP / DRHP.
Gray Market Premium (GMP)
As of right this moment, market experiences point out that Saatvik Inexperienced Vitality IPO GMP is round ₹120 per share, that means buyers anticipate itemizing positive aspects of 25–27% over the problem worth. (This determine could fluctuate because the IPO date nears.)
The way to Apply for Saatvik Inexperienced Vitality IPO
You may apply for the IPO by way of:
- ASBA (by way of Internet Banking) – Out there with most banks.
- UPI Mandate – By way of dealer apps like Zerodha, Upstox, Groww, Paytm Cash.
- Offline by way of Brokers – By filling ASBA types and submitting at designated banks/brokers.
Conclusion – Saatvik Inexperienced Vitality IPO – Subscribe or Keep away from?
Saatvik Inexperienced Vitality is a high-growth renewable power firm with sturdy fundamentals, increasing capability, and strong profitability. Whereas dangers exist when it comes to debt and competitors, the corporate is well-placed to profit from India’s photo voltaic development story. At a P/E of 27.6x, valuations look honest in comparison with friends.
✅ Our View: Traders in search of long-term publicity to the renewable power sector could contemplate Subscribing to this IPO. Brief-term buyers may profit from anticipated itemizing positive aspects, supported by wholesome GMP.
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FAQs about Saatvik Inexperienced Vitality IPO
1. What’s the Saatvik Inexperienced Vitality IPO Date?
The IPO opens on September 19, 2025 and closes on September 23, 2025.
2. What’s the Saatvik Inexperienced Vitality IPO Worth Band?
The value band is fastened at ₹442 to ₹465 per share.
3. What’s the Saatvik Inexperienced Vitality IPO Measurement?
The full concern measurement is ₹900 Crores, together with contemporary concern of ₹700 Cr and OFS of ₹200 Cr.
4. What’s the Saatvik Inexperienced Vitality IPO Lot Measurement?
Traders can bid for no less than 32 shares (₹14,880).
5. Who’re the promoters of Saatvik Inexperienced Vitality?
Promoters embrace Neelesh Garg, Manik Garg, Manavika Garg, and SPG Belief.
6. What’s the Gray Market Premium (GMP) of Saatvik Inexperienced Vitality IPO?
Presently round ₹120 per share (topic to market modifications).
7. Ought to I spend money on Saatvik Inexperienced Vitality IPO?
Given sturdy financials, capability enlargement, and affordable valuations, this IPO seems engaging for long-term buyers.
Disclaimer: This text is for informational functions solely and isn’t a suggestion to purchase, promote or maintain any shares or apply for any IPO. The securities market is topic to dangers, and readers ought to seek the advice of their monetary advisor earlier than making any funding selections.
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