Saatvik Inexperienced Vitality has raised ₹269.4 crore from anchor buyers forward of its IPO. The corporate knowledgeable the bourses as we speak that it had allotted 57,93,547 fairness shares of ₹465 every to anchor buyers per fairness share (together with a share premium of ₹463 per fairness share).
The problem is about to open for bidding tomorrow, September 19, and can stay open till Tuesday, September 23. The problem measurement is ₹900 crore, consisting of a recent problem of 1.51 crore shares aggregating to ₹700 crore and a suggestion on the market of 0.43 crore shares aggregating to ₹200 crore.
The IPO value band has been mounted at ₹442 to ₹465 per share. Retail buyers can bid for no less than 32 shares in a single lot and as much as 13 tons. On the higher finish of the value band, ₹465 per share, the minimal funding required for retail buyers can be ₹14,880 per lot.
The IPO proceeds will probably be used to repay borrowings, put money into its subsidiary Saatvik Photo voltaic Industries, and arrange a 4 GW photo voltaic PV module manufacturing facility.
About Saatvik Inexperienced Vitality
Established in 2016, the corporate is amongst India’s main photo voltaic photovoltaic (PV) module producers, with an operational capability of about 3.80 gigawatts (GW) as of March 31, 2025. Since inception, it has equipped over 2.50 GW of high-efficiency photo voltaic PV modules domestically and internationally.
Along with manufacturing, the corporate operates a turnkey EPC (Engineering, Procurement, and Building) providers vertical, offering end-to-end options for distinguished photo voltaic initiatives.
As a part of our EPC portfolio, it commissioned a 12 MW set up for Jindal Metal and Energy Restricted beneath its EPC wing in Fiscal 2024, which was acknowledged as one of many largest single rooftop photo voltaic initiatives.
As of June 30, 2025, the corporate had a sturdy home order e book of about 4.01 GW in photo voltaic PV modules. By March 31, 2025, it had efficiently executed 12 solar energy initiatives with an combination capability of 69.12 MW.
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