Saatvik Green Energy IPO Opens Today: Grab Shares at ₹442-465 in Renewable Power Play

Green energy meets public markets—Saatvik's IPO kicks off with shares priced between ₹442 and ₹465.

Pricing Strategy Breakdown

The company sets its offering squarely in the mid-range, avoiding the hype-driven valuations that often plague traditional IPOs. No pie-in-the-sky numbers here—just a straightforward entry into the renewable sector.

Market Positioning

Saatvik isn’t just another energy firm; it’s betting big on solar and wind infrastructure. At ₹442-465 per share, it’s positioning itself as accessible yet serious—a refreshing change from the overpriced debuts cluttering the exchanges.

Why This Matters

Renewables are heating up, and Saatvik’s IPO could signal where smart money’s heading. Forget fossil fuels—this is about capturing the next wave of energy innovation.

Final Take: A solid play for those tired of IPO theatrics and hungry for tangible green assets—because sometimes, boring is better.

Anchor Investors

As part of the IPO exercise, the company on Thursday mobilised over ₹269 crore from anchor investors by allotting 57.93 lakh shares at ₹465 apiece. Among the anchor investors included are HDFC Mutual Fund (MF), Nippon India MF, Bandhan MF and SBI General Insurance Company.

Operational capacity 

Saatvik Green Energy is a solar photovoltaic module manufacturer with an operational capacity of about 3.8 GW as of June 30, 2025.

Saatvik Green Energy is a solar photovoltaic module manufacturer, with 3.80 gigawatt operational capacity as of March 31, 2025. Having supplied over 2.50 GW of high-efficiency modules across domestic and international markets, it is recognised for its integrated module manufacturing, EPC, and O&M services. With a comprehensive product portfolio comprising Mono PERC and N-TopCon modules in monofacial and bifacial variants, SGEL caters to residential, commercial, and utility-scale projects.

The company provides end-to-end engineering, procurement and construction services for solar projects, including ground-mounted solar installations and rooftop solar installations.

Dam Capital Advisors, Ambit, and Motilal Oswal Investment Advisors are the book-running lead managers to the issue. Shares of the company are expected to be listed on September 26 on the bourses.

P/E valuation attractive vs peers

According to Choice International, at the upper end of its price band, Saatvik Green Energy is valued at a P/E of 27.6x (FY25 EPS of ₹16.8), which stands at a discount to peers. With a diversified portfolio, expanding order book, proven execution track record, and alignment with India’s renewable energy priorities, SGEL offers significant long-term growth potential. Thus, we recommend a Subscribe rating.

Published on September 19, 2025