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Issue Open Date
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19-Sep-25
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Issue Closing Date
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23-Sep-25
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Application Money
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100
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Allotment Money
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Price Band
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442
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465
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Minimium Application No.
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32
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Issue Size (Shares)
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20366992
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Market Lot
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1
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Objective
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1.Prepayment or scheduled re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company2.Investment in our 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 Subsidiary3.Investment in our 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. (“Project Site”)4.General corporate purposes
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description:
We are 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 (Source: CRISIL Report). We 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. (Source: CRISIL Report) Since inception, we have supplied more than 1.5 GW high-efficiency solar PV modules domestically and internationally.We are recognized as one of the few integrated players with capabilities in module manufacturing as well as engineering, procurement and construction (“EPC”) (Source: CRISIL Report). We are one of the leading EPC companies in India with 69.12 MW of an installed EPC base in Fiscal 2024 (Source: CRISIL Report). We also provide operations and maintenance (“O&M”) services to customers primarily in relation to the EPC projects undertaken by us.
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Promoter's Holding
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Total Share Capital
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100892970
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Offered to Public
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19354838
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Promoter's Holding (Pre-Issue)
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90.05
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Promoter's Holding (Post-Issue)
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Address |
Vill. Dubli
V. P. O
Bihta Tehsil
Ambala
,
Haryana
,
133101
Phone :
0124-3626755
Email :
investors@saatvikgroup.com
Website :
https://saatvikgroup.com/
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
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Listed at |
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BSE, NSE
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Lead Manager |
Ambit Pvt Ltd.
Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.)
Motilal Oswal Investment Advisors Pvt Ltd
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Promoters |
Manavika Garg
manik Garg
Neelesh Garg
SPG Trust
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