Saatvik Green Energy Limited IPO

Incorporated in 2015, Saatvik Green Energy Limited is the manufacturer of modules and offers engineering, procurement and construction (“EPC”).

The company offer a comprehensive portfolio of solar module products that are currently manufactured using technologies that help reduce energy loss and enhance overall efficiency..

The company commenced their manufacturing operations in 2016 and have over the years expanded the annual installed capacity, from 125 MW as of March 31, 2017 to about 3.80 GW as of June 30, 2025.

The company operates two module manufacturing facilities in Ambala, Haryana (together, the “Ambala Facilities”) spread across a total land area of 724,225 square feet.

Products:

Monocrystalline passive emitter and rear cell (“Mono PERC”) modules.
N-TopCon solar modules, both types are offered in mono-facial and bifacial options, suitable for various applications, including residential, commercial and utility-scale solar projects.

As of June 30, 2025, March 31, 2025, March 31, 2024 and March 31, 2023, the company had 618, 566, 270 and 138 full-time employees.

Competitive Strengths:

Quality Customer Base and Large Order Book
Among the Leading Module Manufacturing Companies in India Offering Integrated Solutions to Independent Power Producers
Innovative Technology Solutions for the Solar Industry
Multiple Sales and Revenue Channels
Well-Positioned to Capture Favourable Industry Tailwinds

Prepayment or scheduled re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company

Investment in the wholly owned Subsidiary, Saatvik Solar Industries Private Limited, in the form of debt or equity for repayment/prepayment of borrowings, in full or in part, of all or a portion of certain outstanding borrowings availed by such Subsidiary

Investment in the wholly owned Subsidiary, Saatvik Solar Industries Private Limited, for setting up of a 4 GW solar PV module manufacturing facility at National Highway – 16, Chamakhandi, Gopalpur Industrial Park, Gopalpur, Ganjam – 761 020, Odisha. (“Project Site”)

General corporate purposes