GMP IPO Watch
Sai Urja Indo Ventures IPO
Sai Urja Indo Ventures IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Sai Urja Indo Ventures IPO Details
Key facts at a glance| IPO Open Date | 24 September 2026 | IPO Close Date | 28 September 2026 |
|---|---|---|---|
| Basis of Allotment | 29 September 2026 | Listing Date | 4 October 2026 |
| Price Band | ₹107 - ₹113 per share | Face Value | ₹10 per share |
| Market Lot Size | 1200 Shares | Min Investment (Retail) | ₹2,71,200 |
| Total Issue Size | ₹24.95 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹20.67 Cr | Offer for Sale (OFS) | ₹4.28 Cr |
| Listing At | BSE SME | Issue Category | SME Issue |
| Registrar | Maashitla Securities Pvt. Ltd. | ||
Sai Urja Indo Ventures IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 24 September 2026 | Confirmed |
| IPO Close Date | 28 September 2026 | Confirmed |
| Basis of Allotment | 29 September 2026 | Tentative |
| Initiation of Refunds | 1 October 2026 | Tentative |
| Credit of Shares to Demat | 1 October 2026 | Tentative |
| IPO Listing Date | 4 October 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 29 September 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Sai Urja Indo Ventures IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 2,400 Shares | ₹2,71,200 |
| Retail (Max) | 2 Lots | 2,400 Shares | ₹2,71,200 |
| S-HNI (Min) | 3 Lots | 3,600 Shares | ₹4,06,800 |
| S-HNI (Max) | 7 Lots | 8,400 Shares | ₹9,49,200 |
| B-HNI (Min) | 8 Lots | 9,600 Shares | ₹10,84,800 |
Sai Urja Indo Ventures IPO Live GMP & Movement History
Daily unofficial grey market trends₹20.8 +18.4%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 5 Oct 2026 | ₹32 | ₹145.00 | +28.32% |
| 3 Oct 2026 | ₹10 | ₹123.00 | +8.85% |
| 2 Oct 2026 | ₹8 | ₹121.00 | +7.08% |
Sai Urja Indo Ventures IPO Subscription Status
Demand breakdown by investor categorySai Urja Indo Ventures Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 13.95 Cr. | 45.88 Cr. | 43.63 Cr. | 1.39 Cr. |
| 2025 | 21.11 Cr. | 65.82 Cr. | 61.54 Cr. | 3.13 Cr. |
| 2026 | 24.25 Cr. | 85.64 Cr. | 80.08 Cr. | 4.19 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Sai Urja Indo Ventures IPO Valuation & KPIs
Key metrics pre-issueSai Urja Indo Ventures Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Lakshya Powertech Limited | 11.27 | 9.94 | 9.82% | 101.17 | 179.93 Cr. |
About Sai Urja Indo Ventures
Sai Urja Indo Ventures Limited provides operation and maintenance services primarily to power generation facilities, along with industrial units in the iron, steel, and agrochemical sectors. The company’s core operations involve managing plant routines, electrical systems, control and instrumentation maintenance, housekeeping, and specialized industrial support activities. Revenue is primarily generated through fixed-price biennial and triennial service contracts awarded through competitive bidding processes by public sector undertakings and private companies. Operating mainly out of Maharashtra, the business relies on an in-house engineering and technical workforce to execute projects across multiple Indian states. The company specializes in thermal power plant operations, maintaining equipment performance, and handling fuel logistics such as railway sidings and coal handling plants.
Sai Urja Indo Ventures IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 25 Sept 2026 |
| IPO Close Date | 29 Sept 2026 |
| Basis of Allotment | 30 Sept 2026 |
| Refunds | 01 Oct 2026 |
| Credit to Demat Account | 01 Oct 2026 |
| IPO Listing Date | 05 Oct 2026 |
Note: The timeline for ਸਾਈ ਉਰਜਾ ਇੰਡੋ ਵੈਂਚਰਸ IPO is tentative and subject to change.
Sai Urja Indo Ventures Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Funding the working capital requirements of the Company | 8 (38.70%) |
| Repayment / Prepayment of Borrowings | 6.6 (31.93%) |
| General Corporate Purposes | 6.07 (29.37%) |
Note: Objectives are as specified in the DRHP/RHP documents of ਸਾਈ ਉਰਜਾ ਇੰਡੋ ਵੈਂਚਰਸ.
Sai Urja Indo Ventures Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 45.88 Cr. | 43.63 Cr. | 1.39 Cr. | 13.95 Cr. |
| 2025 | 65.82 Cr. | 61.54 Cr. | 3.13 Cr. | 21.11 Cr. |
| 2026 | 85.64 Cr. | 80.08 Cr. | 4.19 Cr. | 24.25 Cr. |
Note: Financial numbers for ਸਾਈ ਉਰਜਾ ਇੰਡੋ ਵੈਂਚਰਸ are in ₹ Crores unless stated otherwise.
Sai Urja Indo Ventures Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| 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) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 42.44% |
| Net Asset Value (NAV) | 20.99 |
Note: Valuation KPIs for ਸਾਈ ਉਰਜਾ ਇੰਡੋ ਵੈਂਚਰਸ are computed for FY2026.
Sai Urja Indo Ventures Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Lakshya Powertech Limited | 9.94 | 11.27 | 9.82% | 101.17 | 179.93 Cr. |
Note: Peer group comparisons for ਸਾਈ ਉਰਜਾ ਇੰਡੋ ਵੈਂਚਰਸ are sourced from DRHP filings.
Sai Urja Indo Ventures IPO FAQs
Sai Urja Indo Ventures IPO opens for subscription on 24 September 2026 and closes on 28 September 2026.
The price band for Sai Urja Indo Ventures IPO is set at ₹107.00 to ₹113.00 per share.
The minimum market lot size is 1200 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 2,400 Shares (₹2,71,200).
The latest Grey Market Premium (GMP) for Sai Urja Indo Ventures IPO is ₹20.80. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Sai Urja Indo Ventures IPO is tentatively scheduled for 29 September 2026, and shares are expected to list on the stock exchanges on 4 October 2026.
Maashitla Securities Pvt. Ltd. is the official registrar for Sai Urja Indo Ventures IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.