Sattva Engineering Construction SME: Check IPO Date, Live Subscription and Key Details
Sattva Engineering Construction Limited, incorporated in 2005, is an ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certified Engineering, Procurement, and Construction (EPC) company. It specializes in water infrastructure, wastewater management, and industrial construction projects. The company's key services include water distribution networks, sewage treatment plants, industrial and civil infrastructure (e.g., factory buildings, warehouses), and residential development. In Fiscal 2025, a majority of its revenue (over 90%) was derived from water-related infrastructure projects. The company's projects are sometimes funded by major international financial organizations such as the Asian Development Bank and the World Bank. Sattva Engineering Construction employs advanced technologies like SCADA for real-time monitoring of water and sewage treatment projects.
Key Metrics
Check Live GMPGMPTimeline
IPO Opens
26 Aug
IPO Closes
29 Aug
Allotment
1 Sept
Listing
3 Sept
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 26 August 2025 | Subscription starts |
| IPO Close Date | 29 August 2025 | Subscription ends |
| Allotment Date | 1 September 2025 | Allotment |
| Listing Date | 3 September 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,40,000 |
SHNI (Min) | 3 | ₹3,60,000 |
SHNI (Max) | 8 | ₹9,60,000 |
BHNIAbove ₹10,00,000 | 9 | ₹10,80,000 |
IPO Objectives
- To meet long-term working capital requirements.
- General Corporate Purposes.
Strengths
- The company has strong in-house capabilities for design, engineering, and execution, reducing its reliance on outside consultants.
- It uses advanced technologies like SCADA systems for real-time monitoring of projects, which enhances efficiency and quality.
- The business's projects are often funded by major international organizations like the World Bank, which validates its capabilities and financial health.
- The company is led by experienced promoters and a senior management team with over 40 years of expertise in the EPC (Engineering, Procurement, and Construction) sector.
- It has shown consistent financial performance, with revenue increasing by 22% and profit after tax doubling between FY24 and FY25, supported by a strong order book of over ₹308 crore.
Weaknesses
- The company has a high dependence on government contracts, which exposes it to risks of project delays, policy changes, or late payments.
- There is a high geographical concentration of projects in Tamil Nadu, which limits its nationwide expansion and makes it vulnerable to regional economic risks.
- The business has a moderate level of debt with a debt-to-equity ratio of 0.83, which could affect its profitability if not managed efficiently.
- The company is working capital intensive, and a significant portion of its IPO proceeds will be used to meet these operational needs.
- The EPC sector is highly competitive, with many domestic and international players, which could put pressure on the company's profit margins and bidding strategies.
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 114.82 | 87.48 | 83.38 |
| Revenue (₹ Cr.) | 94.85 | 77.44 | 83.93 |
| PAT (₹ Cr.) | 9.14 | 4.56 | 1.04 |
| Net Worth (₹ Cr.) | 43.42 | 24.03 | 19.47 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Sattva Engineering | 2.2 | 14.34 | 27.1% | 43.42 |
| EMS limited | 3.11 | 16.42 | 18.81% | 801 |
| Enviro Infra Engineers | 4.52 | 23.97 | 17.73% | 994 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0.02x | 123.39x |
| NII | 2x | 7.72x | 351.59x |
| S-HNI | 1.45x | 7.53x | 239.95x |
| B-HNI | 2.28x | 7.81x | 407.42x |
| RII | 1.95x | 8.82x | 172.89x |
| Total | 1.41x | 6.1x | 198.17x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 8,88,000 | 10,95,69,600 | 821.77 |
| NII | 6,91,200 | 24,30,22,400 | 1,822.67 |
| Small NII | 2,30,400 | 5,52,84,800 | 414.64 |
| Big NII | 4,60,800 | 18,77,37,600 | 1,408.03 |
| RII | 15,68,000 | 27,10,94,400 | 2,033.21 |
| Total | 31,47,200 | 62,36,86,400 | 4,677.65 |
Company Details
- Sattva Engineering Construction Ltd.
- Greams Dugar, 4th floor, North Wing, Old No. 149, New No . 64, Greams Road Thousand Lights, Chennai, Tamil Nadu-600006
- +91-80 1555 6979
- investor.relation@sattvaengg.in
- https://sattvaengg.in/
Registrar Details
- MUFG Intime India Pvt.Ltd.
- +91-22-4918 6270
- sattvaengineering.smeipo@in.mpms.mufg.com
- https://linkintime.co.in/Initial_Offer/public-issues.html