Sai Urja Indo Ventures Limited
Bookbuilding IPO · BSE
- Price band
- ₹107 - ₹113
- Lot size
- 1,200 shares
- Issue amount
- ₹24.94 cr
- Total subscription
- 4.95×
- Opens
- 25 Sept 2026
- Closes
- 29 Sept 2026
- Allotment
- 30 Sept 2026
- Listing
- 5 Oct 2026
Offer at a glance
Issue overview
- Issue size
- 22,08,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,28,400
- Fresh issue
- ₹20.66 cr
- Offer for sale
- ₹4.28 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,35,600
- Issue type
- Bookbuilding IPO
- Shares before issue
- 58,10,000
- Shares after issue
- 76,38,800
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,71,200 |
| sHNI | 3 | 3,600 | ₹4,06,800 |
| bHNI | 8 | 9,600 | ₹10,84,800 |
Share reservation
Subscription & GMP
Subscription by category
Reported 29 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 296 | 1,195 |
| HNIs(10L +) | 56 | 208 |
| HNIs (2-10L) | 28 | 262 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.43 | 12.42 |
| RETAIL | 8.03 | 32.41 |
| HNIs 2+ | 1.14 | 11.21 |
| HNIs 10+ | 2.28 | 22.63 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 7.29 | 5.4 | 2.36 |
| ROE | 50.66 | 65.43 | 52.51 |
| ROCE | 42.44 | 50.27 | 34.37 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 15.5 | 0 | 0 |
| POST IPO(PE) | 27.56 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Sai Urja Indo Ventures Limited | 20.96 | 113 | 10 | 20.99 | 42.44 | 7.29 |
| Lakshya Powertech Limited | 11.27 | 112 | 10 | 101.17 | 9.82 | 9.94 |
Company information
Company profile
AI Urja Indo Ventures Limited provides Operation and Maintenance (O&M) and other support services for industrial plants, primarily in the power generation sector, along with industries such as iron and steel and agrochemicals. The Company provides control and instrumentation services for large power plants, including a 4,760 MW thermal power plant in Central India and a 3,000 MW plant in Northern India. Its services include maintenance of electrical systems, Control & Instrumentation (C&I) and mechanical systems, as well as operation services for Coal Handling Plants (CHP), Merry-Go-Round (MGR) systems and Boiler-Turbine-Generator (BTG) facilities. It also provides industrial housekeeping, overhaul works, Annual Overhaul (AOH) and Capital Overhaul (COH) services. As of March 31, 2025, the Company had a workforce of 2,469 personnel, compared with 1,611 in 2024 and 1,326 in 2023.
Strengths
- Renewable Energy Focus: Sai Urja Indo Ventures Limited operates in the renewable energy sector, positioning the company to benefit from the increasing adoption of clean and sustainable energy solutions.
- Growing Market Opportunity: Rising demand for renewable power and investments in clean-energy infrastructure create opportunities for the company to expand its business.
- Industry Experience: The company’s experience in the energy sector supports its ability to execute projects and develop business relationships in a growing market.
Risk factors
- Project Execution Risks: Delays in project execution, construction, commissioning, or obtaining required approvals may affect revenue, costs, and profitability.
- Regulatory Dependence: Changes in government policies, renewable-energy regulations, tariffs, incentives, or environmental requirements could impact business operations.
- Competition and Cost Pressure: Competition from established renewable-energy companies and fluctuations in equipment, financing, and operating costs may put pressure on margins.
Promoters
Harsh Ajaykumar Mittal
Santosh Ajay Kumar Mittal
Registrar & documents
Lead manager
Shannon Advisors Private Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
UG-2 Office Floor, J. K. Complex, Nanaji Nagar Nagpur Road, Chandrapur, Maharashtra, 442401
+919960815166
[email protected]Company website ↗Understanding SAIURJA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.