New Delhi, Sept. 23 -- Saatvik Green Energy's initial public offering (IPO), which opened for bidding last week, closed with decent subscription, led by strong demand from qualified institutional buyers (QIBs) and non-institutional investors (NIIs).

Saatvik Green Energy IPO was off to a slow start on Friday, September 19, and only sailed through on Monday, September 22.

At the end of the third and final day of bidding, Saatvik Green Energy IPO was booked 6.57 times. The QIB segment was booked 10.84 times, the NII portion was booked 10.04 times, the retail quota received 2.66 times bids and the employee portion saw 5.29 times subscription.

Overall, the IPO received bids for 9,38,08,544 shares as against 1,42,71,970 shares on offer.

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