Saatvik Green Energy IPO
Saatvik Green Energy Limited (SAATVIK) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 26 September 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +2.0% (likely range -7% to +8%), day's high +7.3%, chance of a gain 50%. Actual: 0.0% at the open, 0.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 40,63,347 | 4,40,28,000 | 10.8x | |
| NII (HNI) total | 30,47,512 | 3,06,02,752 | 10.0x | |
| Big NII (above ₹10 lakh) | 20,31,675 | 2,17,86,144 | 10.7x | |
| Small NII (₹2-10 lakh) | 10,15,837 | 88,16,608 | 8.68x | |
| Retail | 71,10,860 | 1,89,12,288 | 2.66x | |
| Employees | 50,251 | 2,65,632 | 5.29x | |
| Total | 1,42,71,970 | 9,38,08,672 | 6.57x |
Bids on NSE and BSE together, as published by NSE, as of 23 Sep 2025, 07:00 PM. Shares offered exclude the anchor portion. 17% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Saatvik Green Energy's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Future Supply Chain SolutionsDec 2017 | 12.4x | 11.2x | 3.28x | 7.56x | ₹650 Cr | 0.0% | +5.3% |
| Blue Jet HealthcareOct 2023 | 13.7x | 13.6x | 2.24x | 7.95x | ₹840 Cr | +9.8% | +20.8% |
| Ajax EngineeringFeb 2025 | 14.4x | 6.47x | 1.93x | 6.45x | ₹1,269 Cr | -8.4% | -3.2% |
| GPT HealthcareFeb 2024 | 17.3x | 11.0x | 2.44x | 8.52x | ₹525 Cr | +15.6% | +18.2% |
| Gopal SnacksMar 2024 | 17.5x | 9.50x | 4.01x | 9.02x | ₹685 Cr | -12.5% | -4.0% |
| Sandhar TechnologiesMar 2018 | 14.5x | 6.39x | 1.42x | 6.19x | ₹515 Cr | +4.2% | +6.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| DAM Capital Advisors | 37 | +13.6% | 59% |
| Ambit | 13 | +24.3% | 69% |
| Motilal Oswal Investment Advisors | 47 | +15.0% | 72% |
Offer documents (NSE)
Frequently asked
What is the Saatvik Green Energy IPO price band and lot size? ₹442–465 per share, with a lot of 32 shares, so the smallest retail bid is ₹14,880.
How many times has it been subscribed? 6.57x overall: QIB 10.8x, NII 10.0x, retail 2.66x, employees 5.29x.
How did it list? It opened at ₹465, +0.0% against the issue price of ₹465, and closed its first day -5.2%.
