Saatvik Green Energy Sets ₹442-465 Price Band for ₹900-Crore IPO
Saatvik Green Energy, a Haryana-based solar panel manufacturer, has fixed its IPO price band at ₹442 to ₹465 per share, valuing the company at ₹5,910 crore at the upper end. The public offering, opening on September 19 and closing on September 23, comprises a fresh issue of ₹700 crore and an OFS of ₹200 crore by promoters.
Proceeds will fund a 4 GW solar PV module facility in Odisha and repay subsidiary borrowings. With an operational capacity of 3.8 GW as of June 2025, Saatvik provides end-to-end solar project services, positioning itself as a key player in India's renewable energy sector.