Saatvik Green Energy IPO GMP, a leading solar module manufacturer headquartered in Gurugram, is set to launch its ₹900 crore IPO opening on 19 September 2025 and closing on 23 September 2025, with anchor bidding on 18 September. The issue consists of a fresh issue of ₹700 crore and an offer for sale of ₹200 crore by promoters. The price band has been fixed at ₹442–₹465 per share, and investors can bid for a minimum of 32 shares per lot, requiring around ₹14,880 at the upper price band. The allocation structure includes 50% reserved for QIBs, 15% for NIIs, and 35% for retail investors. Saatvik Green Energy currently operates two manufacturing facilities in Ambala, Haryana, with a total installed capacity of 3.80 GW as of June 2025, and has plans to expand further by setting up a 4 GW solar PV module facility in Odisha. For FY 2025, the company reported a revenue of ₹2,158.4 crore and a net profit of ₹213.9 crore, reflecting robust growth compared to the previous year. The proceeds from the IPO will be utilized for debt repayment, investment in subsidiaries, capacity expansion, and general corporate purposes. The IPO GMP is showing strong premium trends in the grey market, signaling positive investor sentiment ahead of listing. The basis of allotment is expected to be finalized on 24 September 2025, with listing scheduled on 26 September 2025 at NSE and BSE.