The solar photovoltaic (PV) manufacturer, Saatvik Green Energy Limited has filed DRHP with the capital market regulator, the Securities and Exchange Board of India (SEBI) to float an IPO. Saatvik Green Energy IPO is a combination of a fresh issue and an offer for sale, whereby the company is seeking to raise ₹850 crore from the fresh issue portion while ₹300 crore from the offer for sale portion.
Saatvik Green Energy IPO will be listed on BSE and NSE after completing the IPO process. In addition, DAM Capital Advisors Limited, Ambit Private Limited and Motilal Oswal Investment Advisors Limited have been appointed as the book-running lead managers.
| Particular | Estimated Amount (₹ Crore) |
| Prepayment or scheduled re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company | 11.58 |
| Investment in its 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 | 123.66 |
| Investment in its 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 | 476.40 |
| General corporate purposes | – |
The proceeds from the Offer for Sale shall be received by the Selling Shareholders after deducting their proportion of Offer expenses and relevant taxes thereon. Satvik Green Energy Limited will not receive any proceeds from the Offer for Sale.
Incorporated in 2015, Satvik Green Energy Limited is one of the leading module manufacturers in India. As of February 28, 2025, the company recorded an operational solar photovoltaic (PV) module manufacturing capacity of about 3.80 GW modules. The company is one of the fastest-growing module manufacturing companies in India and has been established as a key player in India’s solar energy market.
The company offer a comprehensive portfolio of solar module products that are currently manufactured using technologies that help reduce energy loss and enhance overall efficiency
The company’s solar energy products include:
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Published on: Mar 20, 2025, 9:59 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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