Sai Urja Indo Ventures IPO
Sai Urja Indo Ventures IPO is a book built issue of ₹16,21,200 crores. The issue is a combination of a fresh issue and an offer for sale. The subscription opens on 25 Sep '26 and closes on 29 Sep '26, with the basis of allotment expected to be finalised on 28 Sep '26. The shares are scheduled to list on BSE with a tentative listing date fixed for 30 Sep '26. The price band is set at ₹107 to ₹113 per share with a minimum lot size of 1,200 shares. Shannon Advisors Pvt.Ltd. is the book-running lead manager, while Maashitla Securities Pvt.Ltd. is the registrar of the issue; for detailed information, refer directly to the official Sai Urja Indo Ventures IPO RHP.
Free Demat with Zero AMC*
Sai Urja Indo Ventures IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 49.16% | 7,96,981.92 crores |
| Non-Institutional Investors (NIIs) | 15.18% | 2,46,098.16 crores |
| Retail Individual Investors (RIIs) | 35.66% | 5,78,119.92 crores |
About Sai Urja Indo Ventures Ltd IPO
Sai Urja Indo Ventures IPO is a book-built issue comprising a fresh issue of up to ?20.67 crores and an Offer for Sale (OFS) of up to ?4.28 crores. The Equity Shares are proposed to be listed on the BSE SME, with Shannon Advisors Pvt. Ltd. acting as the Book Running Lead Manager and Maashitla Securities Pvt. Ltd. as the Registrar to the Issue.
The Company is promoted by Harsh Ajaykumar Mittal and Santosh Ajay Kumar Mittal.
The proceeds from the fresh issue are proposed to be utilised towards meeting the Company’s working capital requirements, repayment or prepayment of certain loans and general corporate purposes. The proceeds from the Offer for Sale (OFS) will be received by the respective Selling Shareholders.
About Sai Urja Indo Ventures Limited
Sai Urja Indo Ventures Limited is an ISO 9001:2015 and ISO 45001:2018 certified company providing Operation & Maintenance (O&M) and support services primarily to the power generation industry, along with clients in the iron & steel and agrochemical sectors.
The Company provides services across three key areas: Maintenance, Operations and Other Support Services. Its capabilities include electrical, mechanical, control and instrumentation maintenance; operation of Boiler-Turbine-Generator (BTG), coal handling and merry-go-round (MGR) systems; industrial housekeeping, equipment overhauls and manpower supply.
Over the last three years, the Company has executed more than 45 projects across 21 locations in 10 states. As of August 31, 2025, it had 24 ongoing projects, with a total order book of ?22,471.67 lakh, including ?12,460.57 lakh of unexecuted orders. The Company serves major public and private sector clients across the power, iron & steel and agrochemical industries.
As of March 31, 2025, the Company had 2,469 personnel supporting its operations across various project sites and functions. Its revenue from operations increased from ?2,839.35 lakh in FY2023 to ?6,552.42 lakh in FY2025, representing a 51.91% CAGR, while Profit After Tax increased from ?8.41 lakh to ?313.74 lakh during the same period.
Sai Urja Indo Ventures IPO Strengths & Weaknesses
The Company provides a broad range of O&M services across power generation and other industries, covering plant operations, electrical and mechanical maintenance, repairs, overhauls and support systems.
The Company has built long-term relationships with clients, resulting in repeat orders and projects across multiple locations.
As of August 31, 2025, the Company had a strong order book of ?22,471.67 lakh, including ?12,460.57 lakh of unexecuted orders.
The Company is supported by an experienced management team and a workforce of 2,469 personnel as of March 31, 2025.
Sai Urja Indo Ventures IPO Issue Details
| Issue Composition: | |
|---|---|
| Face Value | ₹10 per share |
| Total Issue Size | 16,21,200 shares (aggregating up to ₹2,71,200 crores) |
| Fresh Issue | 1,61,280 shares (aggregating up to ₹16,12,800 crores) |
| Offer for Sale | 37,920 shares of ₹10 (aggregating up to ₹3,79,200 crores) |
| Issue Type | Book Building IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 100 shares |
| Post-Issue Shareholding | 100 shares |
Sai Urja Indo Ventures IPO Shares
| Minimum Shares | Maximum Shares |
|---|---|
| -- | -- |
The lot size of Sai Urja Indo Ventures ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for Sai Urja Indo Ventures IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
Sai Urja Indo Ventures IPO Contact & Registrar Details
Contact Details
Address
UG-2 Office Floor, J. K. Complex, Nanaji Nagar Nagpur Road, Chandrapur
Phone Number
Website
Registrar Details
Registrar Name
Maashitla Securities Pvt.Ltd.
Phone Number
Sai Urja Indo Ventures Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| Shannon Advisors Pvt.Ltd. |
