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Sai Urja Indo Ventures IPO: GMP, subscription and allotment status

SMEMaashitla SecuritiesListed5 Oct

This IPO has left the live dashboard. The figures below are as recorded on 5 Oct 2026.

₹0grey-market premium

Listed at
₹133.8
+18.4% on issue price
Est. listing
₹113
0.0% on issue price
Price band
₹113
Lot
1,200 shares
Min. ₹1,35,600

Allotment

Allotment is out. Check it on the registrar's site.

Check on Maashitla Securities

Dates

25 → 29 Sept · allot 30 · list 5 Oct

Refunds and shares in your demat account on 1 Oct.

Subscription by category

Subscription figures here come from NSE's bid data, and this issue bids on BSE SME, so there are none on this page.

See this IPO on IPOWatch

GMP day by day

The last GMP before listing was ₹0 on 1 Oct, pointing to a listing around ₹113. It listed at ₹133.8, ₹20.8 above that estimate.

1 Oct 2026
GMP ₹0
Est. listing ₹113 0.0%
30 Sept 2026
GMP ₹0
Est. listing ₹113 0.0%
29 Sept 2026
GMP ₹0
Est. listing ₹113 0.0%
28 Sept 2026
GMP ₹0
Est. listing ₹113 0.0%
27 Sept 2026
GMP ₹0
Est. listing ₹113 0.0%
26 Sept 2026
GMP ₹0
Est. listing ₹113 0.0%
25 Sept 2026
GMP ₹0
Est. listing ₹113 0.0%
24 Sept 2026
GMP ₹0
Est. listing ₹113 0.0%

Recorded once a day from IPOWatch's GMP table. GMP is unofficial and doesn't guarantee a listing price.

Issue details

Segment
SME
Face value
₹10
Issue type
Book Building Issue
Fresh issue
₹20.67 Crores
Offer for sale
3,79,200 Equity Shares
Listing at
BSE SME
Registrar
Maashitla Securities
NSE symbol
—

GMP is unofficial and doesn't guarantee a listing price. Where these numbers come from

What you can apply for

Retail Minimum
2 lots, 2,400 shares
₹2,71,200
Retail Maximum
2 lots, 2,400 shares
₹2,71,200
S-HNI Minimum
3 lots, 3,600 shares
₹4,06,800
S-HNI Maximum
7 lots, 8,400 shares
₹9,49,200
B-HNI Minimum
8 lots, 9,600 shares
₹10,84,800

A retail application can't go past ₹2 lakh; bigger bids go in the HNI categories.

Where the money goes

Funding the working capital requirements of the Company
₹8.00 Cr
Repayment/prepayment, in full or part, of certain loans availed by the Company
₹6.60 Cr
General Corporate Purposes
—

What the company plans to do with the money it raises, from the offer document. Money raised in an offer for sale goes to the selling shareholders, not the company.

Company numbers

Revenue, ₹ crore

₹85.64 Cr+30.1% on 2025

Profit, ₹ crore

₹4.19 Cr+33.9% on 2025

Assets, ₹ crore

₹24.25 Cr+14.9% on 2025

2026
Revenue ₹85.64
Profit ₹4.19
2025
Revenue ₹65.82
Profit ₹3.13
2024
Revenue ₹45.88
Profit ₹1.39

In ₹ crore, for the years the offer document reports.

ROE
42.44%
ROCE
50.66%
EBITDA Margin
7.65%
PAT Margin
4.98%
Debt to equity ratio
0.59
Earning Per Share (EPS)
₹7.29 (Basic)
Return on Net Worth (RoNW)
42.44%
Net Asset Value (NAV)
₹20.99

Listed peers

Lakshya Powertech Limited
P/E 11.27
EPS 9.94

Price to earnings, earnings per share and return on net worth, as the offer document reports them.

Who the issue is reserved for

QIB
50%
NII
15%
Retail
35%

Share of the issue set aside for each kind of investor.

Promoters and bankers

Promoters
Harsh Ajaykumar Mittal and Santosh Ajay Kumar Mittal
Promoter holding
92.87% before the IPO, 65.67% after
Lead managers
Shannon Advisors Pvt.Ltd.

Issue details come from the IPO's page on IPOWatch, which follows the company's prospectus.

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Frequently asked questions

What is the GMP of Sai Urja Indo Ventures IPO today?
The grey-market premium is ₹0, which points to a listing around ₹113 (0.0% on the issue price). GMP is unofficial and doesn't guarantee a listing price.
When does Sai Urja Indo Ventures IPO open and close?
Bidding ran from 25 September 2026 to 29 September 2026.
What is the Sai Urja Indo Ventures IPO allotment date?
Allotment is out. You can check it by PAN now.
When will Sai Urja Indo Ventures IPO list?
It listed on 5 October 2026.
How did Sai Urja Indo Ventures IPO list against its GMP?
The last grey-market premium before listing was ₹0 on 1 October 2026, pointing to a listing around ₹113. It listed at ₹133.8, ₹20.8 above that estimate.
What is the lot size and minimum investment for Sai Urja Indo Ventures IPO?
One lot is 1,200 shares, so the minimum investment at the upper price of ₹113 is ₹1,35,600.
How do I check Sai Urja Indo Ventures IPO allotment status?
Maashitla Securities is the registrar. Once allotment is out, check it by PAN on the Maashitla Securities website.
Sai Urja Indo Ventures IPO listing price & allotment status