Sai Urja Indo Ventures IPO: GMP, subscription and allotment status
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.
Dates
25 → 29 Sept · allot 30 · list 5 OctRefunds 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 IPOWatchGMP 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
- 2,400
- ₹2,71,200
- Retail Maximum
- 2 lots, 2,400 shares
- 2,400
- ₹2,71,200
- S-HNI Minimum
- 3 lots, 3,600 shares
- 3,600
- ₹4,06,800
- S-HNI Maximum
- 7 lots, 8,400 shares
- 8,400
- ₹9,49,200
- B-HNI Minimum
- 8 lots, 9,600 shares
- 9,600
- ₹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
₹85.64 Cr+30.1% on 2025
₹4.19 Cr+33.9% on 2025
₹24.25 Cr+14.9% on 2025
- 2026
- Revenue ₹85.64
- Profit ₹4.19
- Assets ₹24.25
- 2025
- Revenue ₹65.82
- Profit ₹3.13
- Assets ₹21.11
- 2024
- Revenue ₹45.88
- Profit ₹1.39
- Assets ₹13.95
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
- Return on net worth 9.82%
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.