Mumbai, Sept. 24 -- The initial public offer of Saatvik Green Energy received bids for 9,38,08,672 shares as against 1,42,71,970 shares on offer. The issue was subscribed 6.57 times.

The Qualified Institutional Buyers (QIB) category was subscribed 10.84 times, the Non-Institutional Investors category was subscribed 10.04 times and the Retail Individual Investors category was subscribed 2.66 times.

The issue opened for bidding on 19 September 2025 and it closed on 23 September 2025. The price band of the IPO is fixed between Rs 442 and 465 per share.

The IPO comprised an offer for sale (OFS) of equity shares aggregating to Rs 200 crore and a fresh issue of equity shares aggregating to Rs 700 crore.

Of the net proceeds from the fresh is...