Saatvik Green Energy shares debut on D-street, listing in line with Anil Singhvi's expectation
Published on 26/09/2025 10:09 AM
Saatvik Green Energy listing: Shares of Saatvik Green Energy debut on D-street with a listing at par to the issue price on Friday, September 26. The stock opened for trade at Rs 465 on NSE and Rs 460 on BSE, down 1.08 per cent from the issue price.
Earlier on Friday, Zee Business Managing Editor Anil Singhvi had predicted the stock to list at near or slightly above the issue price of Rs 465.
The issue did not get much response from the investors and was subscribed only 6.6 times.
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He suggests investors must keep the stop loss below the IPO price.
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The Saatvik Green Energy IPO was subscribed 6.57 times overall, with institutional buyers subscribing 10.84 times, the retail portion subscribing 2.7 times, and non-institutional investors (NII) subscribing 10.04 times.
In terms of shares, QIBs bid for 4.40 crore shares against 40.63 lakh shares reserved, NIIs bid for 3.06 crore shares against 30.47 lakh shares allotted, and RIIs bid for 1.89 crore shares against the allotted portion of 71.11 lakh shares.
Overall, investors bid for 9.38 crore shares against around 1.42 crore shares on offer
The Saatvik Green Energy IPO, with the issue size of Rs 900 crore, including fresh issue of Rs 700 and an offer for sale (OFS) of Rs 200 crore, opened on September 19, 2025, and closed on September 23, 2025.
Price band: Rs 442 to Rs 465 per share
Issue size: Rs 900 crore
Subscription date: September 19 to September 23, 2025
Lot size: Minimum bid of 32 shares, amounting to Rs 14,144
Saatvik Green Energy is a Haryana-based manufacturer of high-efficiency solar photovoltaic (PV) modules, specialising in Mono PERC and N-TopCon technologies.
Founded in 2015, the company operates three module manufacturing facilities.
Financially, the solar energy company reported revenue of Rs 2,158.39 crore and Profit After Tax of Rs 213.93 crore for FY25.
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