Saatvik Green Energy IPO: Issue Details, Listing Date, Financials, Risks And More— Read Angel One's Report

Haryana-based Saatvik Green Energy Ltd.'s Rs 900-crore IPO comprises of fresh issue of 1.51 crore shares, worth Rs 700 crore, and an offer-for-sale component of 43 lakh shares, amounting to Rs 200 crore..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Angel One Report.Saatvik Green Energy Ltd.'s initial public offering will open for subscription on Sep. 19 and the offer closes on Sep. 23..Saatvik Green Energy is raising Rs 900-crore through its initial public offering, comprising an offer for sale of Rs 200-crore and a fresh issue of Rs 700-crore; the proceeds are proposed to be utilized for prepayment or scheduled repayment of certain outstanding borrowings (Rs 10.82-crore), investment in wholly owned subsidiary Saatvik Solar Industries Pvt. Ltd. for repayment/prepayment of its borrowings (Rs 166.44 crore), investment in the subsidiary for setting up a 4 GW solar PV module manufacturing facility in Odisha (Rs 477.23 crore), and the balance for general corporate purposes. The manufacturer of solar photovoltaic modules in India and integrated solar project solution provider has fixed the price band in the range of Rs 442 to Rs 465 per equity share. At the upper price band of Rs 465, the IPO values Saatvik Green Energy at a post-issue P/E of 27.6x. Given its leadership in India’s growing solar module manufacturing sector and favorable government policies supporting renewable energy adoption, the company appears undervalued and we recommend subscribing to the issue for the long term investors..DAM Capital Advisors Ltd. Ambit Private Ltd., Motilal Oswal Investment Advisors Ltd. are the book-running lead managers for the public issue..The shares will be listed on both the National Stock Exchange and the BSE on Sep 26 ..Company Outlook Saatvik Green Energy reported FY25 revenue of Rs 2,158.39 crore, up 98.39% YoY, with Ebitda of Rs 353.93 crore, net profit of Rs 213.93 crore, up 113% YoY; Ebitda and net margins of 16.4% and 9.9% respectively, ROE of 63.4%, ROCE of 60.5%, debt-to-equity of 1.36x, reflecting strong profitability and improved leverage.".Key RisksSaatvik Green Energy faces key risks including high customer concentration, project execution and stabilization delays..Click on the attachment to read the full report:.Aditya Birla Capital Is Well-Positioned To Achieve The Next Phase Of Growth, Says Motilal Oswal; Maintains Buy.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Saatvik Green Energy IPO: Issue Details, Listing Date, Financials, Risks And More— Read Angel One's Report

Haryana-based Saatvik Green Energy's Rs 900-crore IPO opens on Sep. 19 and the company has fixed the price band in the range of Rs 442 to Rs 465 per equity share.

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