Overview

• The price band is set at Rs 442–465 per share, with public subscription open Sept. 19–23 and listing planned on Sept. 26 on NSE and BSE.
• The company allotted 57.93 lakh shares to nine anchor funds at Rs 465 each, according to a BSE circular.
• At the upper band, the offer implies a post-issue P/E of 27.6x, as per broker research.
• Saatvik plans to invest Rs 477.23 crore in the Odisha facility and Rs 166.44 crore toward subsidiary borrowings, alongside smaller repayments at the parent level and general purposes.
• The Haryana-based firm manufactures solar PV modules and provides EPC services, with about 3.8 GW operational capacity as of June 30, 2025.