Saatvik Green Energy IPO Subscription Status
Saatvik Green Energy IPO closed on 23 September 2025 with an overall subscription of 6.93x based on shares applied. QIB demand came in at 11.41x, NII at 10.57x, and retail at 2.80x.
Allotment will be finalised on 24 September 2025. The stock is scheduled to list on NSE and BSE on 26 September 2025.
Issue Price
Rs 465.00
GMP Today
Rs 10.00 (+2.15%)
Overall Subscription
6.93x
Issue Size
₹900.00 Cr
Allotment Date
24 Sept 2025
Listing Date
26 Sept 2025
Saatvik Green Energy IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 465.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 179.50 Cr | Rs 2,047.30 Cr | 11.41x |
| FII | - | Rs 409.45 Cr | - |
| DFI | - | Rs 195.16 Cr | - |
| Mutual Funds | - | Rs 870.02 Cr | - |
| Other | - | Rs 572.67 Cr | - |
| NII | Rs 134.67 Cr | Rs 1,423.03 Cr | 10.57x |
| bNII (above Rs 10L) | Rs 89.78 Cr | Rs 1,013.06 Cr | 11.28x |
| Corporate | - | Rs 15.74 Cr | - |
| Individual | - | Rs 955.05 Cr | - |
| Other | - | Rs 42.26 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 44.89 Cr | Rs 409.97 Cr | 9.13x |
| Corporate | - | Rs 1.68 Cr | - |
| Individual | - | Rs 392.78 Cr | - |
| Other | - | Rs 15.51 Cr | - |
| Retail | Rs 314.23 Cr | Rs 879.42 Cr | 2.80x |
| Cut-off price | - | Rs 717.77 Cr | - |
| Fixed price | - | Rs 161.65 Cr | - |
| Employee | Rs 2.21 Cr | Rs 12.35 Cr | 5.59x |
| Cut-off price | - | Rs 10.90 Cr | - |
| Fixed price | - | Rs 1.45 Cr | - |
| Total | Rs 630.60 Cr | Rs 4,362.10 Cr | 6.92x |
Saatvik Green Energy IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 38,60,119 | 164 | 0.00x |
| FII | - | 20 | - |
| DFI | - | 6 | - |
| Mutual Funds | - | 44 | - |
| Other | - | 94 | - |
| NII | 6,465 | 29,035 | 4.49x |
| bNII (above Rs 10L) | 4,310 | 9,877 | 2.29x |
| Corporate | - | 140 | - |
| Individual | - | 9,319 | - |
| Other | - | 418 | - |
| sNII (Rs 2L to Rs 10L) | 2,155 | 19,158 | 8.89x |
| Corporate | - | 81 | - |
| Individual | - | 18,343 | - |
| Other | - | 734 | - |
| Retail | 2,11,174 | 5,03,118 | 2.38x |
| Cut-off price | - | 4,08,408 | - |
| Fixed price | - | 94,710 | - |
| Employee | 1,485 | 5,871 | 3.95x |
| Cut-off price | - | 5,363 | - |
| Fixed price | - | 508 | - |
| Total | 40,79,243 | 5,38,188 | 0.13x |
What Do These Subscription Numbers Mean?
A subscription of 6.93x by shares means the IPO received bids for 7 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 11.41x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 11.41x, it reflects serious institutional conviction.
NII at 4.49x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 2.29x and sNII at 8.89x by applications. Share subscription was 10.57x. Allotment uses application count, not share volume.
At 2.38x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~42% per application). Retail allotment is done by lottery when oversubscribed.
At 3.95x subscription by applications, approximately 1 in 4 employee applicants can expect an allotment (~25% per application). Employee reservation uses the same lottery logic as retail when oversubscribed.
Saatvik Green Energy IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 2.38x.
- •Allotment odds: about 1 in 2 (~42% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 8.89x.
- •Allotment odds: about 1 in 9 for a minimum-lot application (~11% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
BHNI (above Rs 10 lakh)
- •Application subscription: 2.29x.
- •Allotment odds: about 1 in 2 for a minimum-lot application (~44% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 11.28x. Allotment uses application count, not share volume.
Check the Saatvik Green Energy IPO Allotment Status page from 24 September 2025 for your allotment result.
Saatvik Green Energy IPO GMP After Subscription
GMP for Saatvik Green Energy IPO stands at Rs 10.00 today, giving an estimated listing price of Rs 475.00 per share.
The GMP has moved lower from Rs 71.00 on 16 Sept 2025 to Rs 11.00 on 24 Sept 2025.
A subscription of 6.93x combined with a GMP of 2.15% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Saatvik Green Energy IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Saatvik Green Energy IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 19 Sept 2025 | 0.01x | 0.70x | 0.93x | 0.62x |
| Day 2 - 22 Sept 2025 | 0.01x | 1.45x | 1.65x | 1.15x |
| Day 3 - 23 Sept 2025 | 11.41x | 10.57x | 2.81x | 6.93x |
Saatvik Green Energy IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 19 September 2025 |
| IPO Close Date | 23 September 2025 |
| Allotment Date | 24 September 2025 |
| Refund Initiation | 25 September 2025 |
| Share Credit to Demat | 25 September 2025 |
| Listing Date | 26 September 2025 |
| Minimum Investment | Rs 14,880.00 |
| Lot Size | 32 shares |
About Saatvik Green Energy IPO
Saatvik Green Energy is a leading solar PV module manufacturer in India with an operational capacity of 3. 80 GW as of March 31, 2025. The company is also among the fastest-growing players in the solar sector, having supplied over 2.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Saatvik Green Energy IPO Subscription FAQs
What is Saatvik Green Energy IPO IPO subscription status today?
Saatvik Green Energy IPO IPO subscription closed on 23 September 2025 with overall subscription of 6.93x (by shares) as of 27 June 2026, 3:17 AM IST. QIB 11.41x, NII 4.49x, Retail 2.38x.
What is the overall subscription of Saatvik Green Energy IPO IPO?
Saatvik Green Energy IPO IPO is subscribed 6.93x overall by shares at close on 23 September 2025. QIB 11.41x, NII 4.49x, and Retail 2.38x.
What is Saatvik Green Energy IPO IPO QIB subscription?
Saatvik Green Energy IPO IPO QIB (Qualified Institutional Buyers) subscription is 11.41x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Saatvik Green Energy IPO IPO Retail subscription?
Saatvik Green Energy IPO IPO Retail subscription is 2.38x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Saatvik Green Energy IPO IPO NII subscription?
Saatvik Green Energy IPO IPO NII (Non-Institutional Investors) subscription is 4.49x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Saatvik Green Energy IPO IPO for retail?
At 2.38x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~42% per application). Allotment is done by lottery.
When is Saatvik Green Energy IPO IPO allotment date?
Saatvik Green Energy IPO IPO allotment date is 24 September 2025. Check Saatvik Green Energy IPO Allotment Status on IPOwiz from that day using your PAN.
When does Saatvik Green Energy IPO IPO subscription close?
Saatvik Green Energy IPO IPO subscription closed on 23 September 2025. No new applications are accepted after the close.
What is Saatvik Green Energy IPO IPO GMP today?
Saatvik Green Energy IPO IPO GMP is ₹10 today (+2.15% over issue price ₹465). See live GMP on the Saatvik Green Energy IPO GMP Today page.
What is Saatvik Green Energy IPO IPO issue price and lot size?
Saatvik Green Energy IPO IPO issue price is ₹465 per share. Lot size is 32 shares. Minimum investment is ₹14,880 per lot. Issue size: ₹900.00 Cr.
When is Saatvik Green Energy IPO IPO listing date?
Saatvik Green Energy IPO IPO listing date is 26 September 2025 on NSE and BSE. Allotment is on 24 September 2025.
How does subscription affect Saatvik Green Energy IPO IPO allotment?
Allotment odds in Saatvik Green Energy IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 4.49x by applications means roughly 1 in 4 for minimum-lot bids; bNII at 2.29x (~1 in 2). At 6.93x overall, competition is moderate.
For allotment results from 24 September 2025, visit the Saatvik Green Energy IPO Allotment Status page. For listing day updates on 26 September 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.