Saatvik Green IPO allotment: Steps to check on BSE, NSE, and KFin Technologies

Solar panel maker Saatvik Green Energy will finalise the allotment of shares for its ₹900 crore Initial Public Offering (IPO) on Wednesday, September 24, following strong demand across investor categories.

The IPO comprised a fresh issue of 1.51 crore equity shares worth ₹700 crore and an offer for sale (OFS) of 0.43 crore shares amounting to ₹200 crore. The issue was open for subscription from September 19 to 23.

By the close of bidding, the IPO was subscribed 6.57 times, receiving applications for 9.38 crore shares against 1.43 crore shares on offer. The Qualified Institutional Buyers (QIB) segment saw robust demand with 10.84 times subscription, while the Non-Institutional Investors (NII) portion was subscribed 10.04 times. The retail quota was subscribed 2.66 times. The price band was fixed at ₹442–465 per share.

How to Check IPO Allotment Status

On BSE:

1. Visit the BSE allotment page at https://www.bseindia.com/static/investors/application_statuschecksystem.aspx

2. Select ‘Equity’ under issue type.

3. Choose ‘Saatvik Green’ from the dropdown.

4. Enter your Application Number or PAN.

5. Click ‘Search’ to view allotment details.

On KFin Technologies:

1. Visit https://ipostatus.kfintech.com/

2. Select one of the available links.

3. Choose ‘Saatvik Green’ from the dropdown.

4. Enter your PAN, Application Number, or DP/Client ID.

On NSE:

Investors can also check the allotment status on the NSE website by entering their PAN and application number.

Refunds and credit of allotted shares to demat accounts will begin on September 25, while Saatvik Green’s stock is scheduled to list on the exchanges on September 26.

About the Company

Saatvik Green Energy, one of India’s leading solar photovoltaic (PV) module manufacturers, has an operational capacity of about 3.80 gigawatts (GW).

The company will allocate ₹177.3 crore from the fresh issue proceeds towards repayment of borrowings, while ₹477.2 crore will be used to set up a 4 GW solar PV module manufacturing facility at Ganjam, Odisha, through its subsidiary Saatvik Solar Industries. The balance will be used for general corporate purposes.

In addition to solar module manufacturing, Saatvik Green also offers engineering, procurement and construction (EPC) services, along with operations and maintenance (O&M) solutions.