243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

220  SME IPOs listed with Gain in 2024

23  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

220  SME IPOs listed with Gain in 2024

23  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

220  SME IPOs listed with Gain in 2024

23  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

220  SME IPOs listed with Gain in 2024

23  SME IPOs listed with loss in 2024

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Saatvik Green Energy Limited

New Delhi

Date of DRHP : 18 Nov 2024

Issue Type : Book Building Process

IPO Type :
MainBoard IPO

Saatvik Green Basic Details

   Solar

Sub Sector: Manufacturing of Solar Modules

About the Company

Saatvik Green Energy is 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. They 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. Since inception, they have supplied more than 1.5 GW high-efficiency solar PV modules domestically and internationally. They are recognized as one of the few integrated players with capabilities in module manufacturing as well as engineering, procurement and construction (EPC). They are one of the leading EPC companies in India with 69.12 MW of an installed EPC base in Fiscal 2024. They also provide operations and maintenance (O&M) services to customers primarily in relation to the EPC projects undertaken by them. They offer a comprehensive portfolio of solar module products that are currently manufactured using technologies that help reduce energy loss and enhance overall efficiency. The solar energy products of Company include:
(i) monocrystalline passive emitter and rear cell (Mono PERC) modules; and
(ii) N-TopCon solar modules, both types are offered in mono-facial and bifacial options, suitable for various applications, including residential, commercial and utility scale solar projects.
They manufacture their products through the use of M10 technology for their Mono PERC modules and M10, G12, M10R and G12R technologies for their N-TopCon modules.
 

Financial Summary (Annualised Basis)

Revenue :
101.60 Cr.

PAT :
8.48 Cr.

Saatvik Green IPO Registrar

KFin Technologies Limited

Saatvik Green DRHP Details

Objects of issue

  • Prepayment or scheduled re-payment, in full or in part, of all or a portion of certain outstanding borrowings
  • Investment in 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 Subsidiary
  • Investment in 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
  • General corporate purposes

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FAQs

Saatvik Green Energy operates in Solar and Manufacturing of Solar Modules. The Issue would be listed on MainBoard. The registrar of the Issue is KFin Technologies Limited. The IPO type of Saatvik Green Energy is Book Building Process and Object of issue is

  • Prepayment or scheduled re-payment, in full or in part, of all or a portion of certain outstanding borrowings
  • Investment in 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 Subsidiary
  • Investment in 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
  • General corporate purposes

The DRHP (Draft Red Herring Prospectus) of Saatvik Green Energy IPO was filed on 18 Nov 2024.

No, Saatvik Green Energy IPO is not yet listed. See other upcoming MainBoard IPOs here.

The IPO open date and IPO close date of Saatvik Green Energy are not available now. You can apply in Saatvik Green Energy IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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