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15 Days Price Change

Saatvik Green Energy IPO

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WEBSITE Inc. Year: 2015 Industry: Electronics - Components Listed Page

Profile
Issue Size 663.65 Cr
Profile
Price Range 442  to  465 per share
Profile
Min Investment ₹465
Profile
Lot Size 1
Profile
Face Value ₹2
Profile
Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are among the leading module manufacturers in India in terms of operational solar photovoltaic (“PV”) module manufacturing capacity, with an operational capacity of about 1.8 gigawatt (“GW”) modules as of June 30, 2024 (Source: CRISIL Report). We are one of the fastest growing module manufacturing companies in India and have established ourselves as a key player in India’s solar energy market. (Source: CRISIL Report) Since inception, we have supplied more than 1.5 GW high-efficiency solar PV modules domestically and internationally.We are recognized as one of the few integrated players with capabilities in module manufacturing as well as engineering, procurement and construction (“EPC”) (Source: CRISIL Report). We are one of the leading EPC companies in India with 69.12 MW of an installed EPC base in Fiscal 2024 (Source: CRISIL Report). We also provide operations and maintenance (“O&M”) services to customers primarily in relation to the EPC projects undertaken by us. Read More

Basic Info

Face Value 2 per share

Price 442  to  465 per share

P/E (x) 24.3

Sales( Cr.) 2158

PAT( Cr.) 214

EPS 19.1

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Neelesh Garg manik Garg Manavika Garg SPG Trust

Pre Issue Share Holding 90.05%

Post Issue Share Holding 75.99%

Listing Details:

Listing Price: 460

Listing Gain: -1.09%

Current Price: 441.1

Gain On Issue: 441.1 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Sep 19, 2025
Closing Date Sep 23, 2025
Allotment Sep 24, 2025
Refund Sep 25, 2025
Delivery of Shares Sep 25, 2025
Listing Date Sep 26, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 32 14,880
Retail (Max) 13 416 193,440
S-HNI (Min) 14 448 208,320
S-HNI (Max) 67 2144 996,960
B-HNI (Min) 68 2176 1,011,840

Objective of the Issue

1.Prepayment or scheduled re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company2.Investment in our wholly owned Subsidiary, Saatvik Solar Industries Private Limited, in the form of debt or equity for repayment/prepayment of borrowings, in full or in part, of all or a portion of certain outstanding borrowings availed by such Subsidiary3.Investment in our wholly owned Subsidiary, Saatvik Solar Industries Private Limited, for setting up of a 4 GW solar PV module manufacturing facility at National Highway – 16, Chamakhandi, Gopalpur Industrial Park, Gopalpur, Ganjam – 761 020, Odisha. (“Project Site”)4.General corporate purposes

Issue

Category Nos Bid Bid (x)
QIB 4063347 44028000 10.8x
NII 3047512 30602752 10x
Retail 7110860 18912288 2.7x
EMP 50251 265632 5.3x
Total 14271970 93808672 6.6x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Saatvik Green Energy Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 609 1088 2158
Other Income 9 9 34
Total Income 618 1097 2192
Total Expenditure 592 939 1836
Operating Profit 26 158 357
Interest 13 16 45
Depreciation 7 11 31
Exceptional Income / Expenses 0 0 0
Profit Before Tax 7 132 280
Provision for Tax 2 31 66
Profit After Tax 5 100 214
Adjustments 0 -0 0
Profit After Adjustments 5 100 214
Adjusted Earnings Per Share 0.5 9.9 19.1

Saatvik Green Energy Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 20 121 338
Minority's Interest 0 0 0
Borrowings 32 67 125
Other Non-Current Liabilities 15 32 63
Total Current Liabilities 196 475 1139
Total Liabilities 263 695 1665
Fixed Assets 50 117 320
Other Non-Current Assets 4 55 47
Total Current Assets 209 523 1299
Total Assets 263 695 1665

Saatvik Green Energy Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 13 12
Cash Flow from Operating Activities 5 44 43
Cash Flow from Investing Activities -24 -69 -198
Cash Flow from Financing Activities 32 25 149
Net Cash Inflow / Outflow 13 -1 -7
Closing Cash & Cash Equivalent 13 12 5

Saatvik Green Energy Ratios

# Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.47 9.9 19.11
CEPS(Rs) 1.12 10.97 21.87
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 2 11.9 29.9
Core EBITDA Margin(%) 2.76 13.69 14.95
EBIT Margin(%) 3.16 13.55 15.08
Pre Tax Margin(%) 1.1 12.12 12.99
PAT Margin (%) 0.78 9.23 9.91
Cash Profit Margin (%) 1.87 10.22 11.36
ROA(%) 1.81 20.98 18.13
ROE(%) 23.41 142.57 93.9
ROCE(%) 11.68 53.73 55.18
Receivable days 12.55 33.16 48.73
Inventory Days 79.29 59.17 73.64
Payable days 45.4 55.64 85.09
PER(x) 0 0 0
Price/Book(x) 0 0 0
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 0.22 0.23 0.22
EV/Core EBITDA(x) 5.21 1.58 1.32
Net Sales Growth(%) 0 78.77 98.39
EBIT Growth(%) 0 666.36 120.77
PAT Growth(%) 0 2017.43 112.93
EPS Growth(%) 0 2016.46 92.96
Debt/Equity(x) 7.13 2.18 1.37
Current Ratio(x) 1.06 1.1 1.14
Quick Ratio(x) 0.39 0.64 0.57
Interest Cover(x) 1.53 9.47 7.22
Total Debt/Mcap(x) 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 98% 0% 0% 0%
Operating Profit CAGR 126% 0% 0% 0%
PAT CAGR 114% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 94% 87% 87% 87%
ROCE Average 55% 40% 40% 40%

Company Contact Information

Saatvik Green Energy Ltd.

Bhagya Hasija

0124-3626755

investors@saatvikgroup.com

Vill. Dubli, V. P. O Bihta Tehsil

IPO Lead Manager(s)

Saatvik Green Energy Ltd.

Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.)

Ambit Pvt Ltd.

Motilal Oswal Investment Advisors Pvt Ltd

Registrar Info

Saatvik Green Energy Ltd.

K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)

Karvy Selenium Tower B, Plot 31-32 Gachibowli,Financial District, Nanakramguda Hyderabad – 500032 Tel. No. 040 67161500 Fax. No. 040 23001153 E-mail: einward.ris@karvy.com Website: www.karvy.com Toll Free No. of exclusive Call Centre:1-800-345001

040 - 67162222/18003094001

einward.ris@kfintech.com

https://www.kfintech.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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