Saatvik Green Energy IPO: Should you subscribe? Anil Singhvi suggests this
Published on 19/09/2025 10:53 AM
Saatvik Green Energy IPO Opens Today: Saatvik Green Energy, a leading solar module manufacturer, launched its initial public offering (IPO) on September 19, 2025, targeting Rs 900 crore through 19.35 million equity shares. The issue includes a fresh issue of 15.05 million shares for Rs 700 crore and an offer for sale (OFS) of 4.3 million shares totaling Rs 200 crore.
Investor Allocation:
50 per cent of the IPO is reserved for Qualified Institutional Buyers (QIBs), 35 per cent for retail investors, and 10 per cent for Non-Institutional Investors (NIIs) such as HNIs.
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Anchor Support: Ahead of listing, Saatvik Green Energy raised Rs 269 crore from anchor investors, allotting 5.79 million shares at Rs 465 each. Anchor participants include HDFC Mutual Fund, Nippon India MF, Bandhan MF, 360 One, 3P India, and SBI General Insurance Company.
Market expert Anil Singhvi notes that the IPO could deliver reasonable listing gains for investors, given the company’s growth potential and strong market position in the solar sector.
Key Positives:
Diversified solar business model
Strong order book and expansion plans
Industry-leading capacity utilization at 83 per cent
Attractive valuations
Key Risks:
Intense competition in the solar segment
Raw material price volatility
Dependence on Chinese imports
Higher debt-to-equity ratio than peers
Large working capital requirements
Lower EBITDA margins compared to competitors
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Senior Sub-editor at Zee Business English
shweta.shukla@India.com
Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.