20/09/2025
Green IPO Alert : Saatvik Green Energy. Rs 900 Crore IPO.
19 September to 23 September.
About the Company
The company is among the leading module manufacturers in India in terms of operational solar photovoltaic (“PV”) module manufacturing capacity, with an operational capacity of about 3.80 gigawatt (“GW”) modules as of March 31, 2025. The company is one of the fastest-growing module manufacturing companies in India and has established itself as a key player in India’s solar energy market. Since its inception, the company has supplied more than 2.50 GW of high-efficiency solar PV modules domestically and internationally.
Objects of the Issue
The net proceed from the issue will be used for Prepayment or scheduled repayment, in full/part, of all/portion of certain outstanding borrowings availed by the Company,
Investment in wholly owned Subsidiary, Saatvik Solar Industries Pvt. Ltd, in the form of debt/ equity for repayment/prepayment of borrowings, in full /part, of all /portion of certain outstanding borrowings availed by such Subsidiary,
Investment in the wholly owned Subsidiary, Saatvik Solar Industries Pvt. Ltd, for setting up a 4 GW solar PV module manufacturing facility,
And for, general corporate purposes.