Saatvik Green Energy Limited will open the bids for its initial public offering (IPO) of equity shares on September 19, 2025. The IPO will comprise equity shares worth up to Rs 9,000 million, including a fresh issue of up to Rs 7,000 million and an offer for sale of up to Rs 2,000 million by the selling shareholders.
Furthermore, the price band of the IPO has been set at Rs 442 to Rs 465 per share. Investors can place bids for at least 32 equity shares and in multiples of 32 shares thereafter. Additionally, the anchor investor bidding will take place on September 18, 2025. The public offer will be open for subscription from September 19, 2025, to September 23, 2025.
Earlier this month, Saatvik Green Energy secured a letter of award from Maharashtra State Electricity Distribution Company Limited for the installation of 1,500 solar water pumping systems in Maharashtra.
Furthermore, in January 2025, Saatvik Green Energy Limited was awarded two solar engineering, procurement, and construction contracts by Himachal Pradesh Power Corporation Limited, with a combined capacity of 23 MW.
