Sattva Engineering Construction IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Aug 26 to Aug 29 2025
Price Band
₹75
Current GMP
₹N/A
Subscription
198.17 times
IPO Details
| IPO Date | August 26, 2025 to August 29, 2025 |
| Listing Date | September 3, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 47,16,800 shares (aggregating up to ₹35.38 Cr) |
| Reserved for Market Maker | 2,40,000 shares (aggregating up to ₹1.80 Cr)Rikhav Securities Ltd. |
| Net Offered to Public | 44,76,800 shares (aggregating up to ₹33.58 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,27,51,816 shares |
| Share Holding Post Issue | 1,74,68,616 shares |
IPO Date
August 26, 2025 to August 29, 2025
Listing Date
September 3, 2025
Face Value
₹10 per share
Issue Price
₹75 per share
Lot Size
1,600 Shares
Sale Type
Fresh Capital
Total Issue Size
47,16,800 shares (aggregating up to ₹35.38 Cr)
Reserved for Market Maker
2,40,000 shares (aggregating up to ₹1.80 Cr)Rikhav Securities Ltd.
Net Offered to Public
44,76,800 shares (aggregating up to ₹33.58 Cr)
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Share Holding Pre Issue
1,27,51,816 shares
Share Holding Post Issue
1,74,68,616 shares
IPO Subscription Details
| Market Maker | 1 |
| QIB (Ex Anchor) | 123.39 |
| Non-Institutional Buyers*** | 351.59 |
| bNII (bids above ₹10L) | 407.42 |
| sNII (bids below ₹10L) | 239.95 |
| Individual Investors (IND category bidding for 2 Lots) | 172.89 |
| Total ** | 198.17 |
Market Maker
1
QIB (Ex Anchor)
123.39
Non-Institutional Buyers***
351.59
bNII (bids above ₹10L)
407.42
sNII (bids below ₹10L)
239.95
Individual Investors (IND category bidding for 2 Lots)
172.89
Total **
198.17
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Aug 26, 2025 | 0.00 | 2.00 | 2.28 | 1.45 | 1.95 | 1.41 |
| Day 2 Aug 28, 2025 | 0.02 | 7.72 | 7.81 | 7.53 | 8.82 | 6.10 |
| Day 3 Aug 29, 2025 | 123.39 | 351.59 | 407.42 | 239.95 | 172.89 | 198.17 |
DayDay 1
Aug 26, 2025
QIB (Ex Anchor)0.00
NII*2.00
NII (> ₹10L)2.28
NII (< ₹10L)1.45
Individual Investors1.95
Total1.41
DayDay 2
Aug 28, 2025
QIB (Ex Anchor)0.02
NII*7.72
NII (> ₹10L)7.81
NII (< ₹10L)7.53
Individual Investors8.82
Total6.10
DayDay 3
Aug 29, 2025
QIB (Ex Anchor)123.39
NII*351.59
NII (> ₹10L)407.42
NII (< ₹10L)239.95
Individual Investors172.89
Total198.17
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 03-09-2025 | 75.00 | 24(32.00%) | 99 |
| 02-09-2025 | 75.00 | 24(32.00%) | 99 |
| 01-09-2025 | 75.00 | 26(34.67%) | 101 |
| 31-08-2025 | 75.00 | 26(34.67%) | 101 |
| 30-08-2025 | 75.00 | 26(34.67%) | 101 |
| 29-08-2025 | 75.00 | 25(33.33%) | 100 |
| 28-08-2025 | 75.00 | 19(25.33%) | 94 |
| 27-08-2025 | 75.00 | 19(25.33%) | 94 |
| 26-08-2025 | 75.00 | 19(25.33%) | 94 |
| 25-08-2025 | 75.00 | 17(22.67%) | 92 |
| 24-08-2025 | 75.00 | 15(20.00%) | 90 |
| 23-08-2025 | 75.00 | 15(20.00%) | 90 |
| 22-08-2025 | 75.00 | 15(20.00%) | 90 |
| 21-08-2025 | 75.00 | 0(0.00%) | 75 |
| 20-08-2025 | 75.00 | 0(0.00%) | 75 |
| 19-08-2025 | 0(%) | (%) |
Date03-09-2025
Price75.00
GMP24(32.00%)
Estimate List Price99
Date02-09-2025
Price75.00
GMP24(32.00%)
Estimate List Price99
Date01-09-2025
Price75.00
GMP26(34.67%)
Estimate List Price101
Date31-08-2025
Price75.00
GMP26(34.67%)
Estimate List Price101
Date30-08-2025
Price75.00
GMP26(34.67%)
Estimate List Price101
Date29-08-2025
Price75.00
GMP25(33.33%)
Estimate List Price100
Date28-08-2025
Price75.00
GMP19(25.33%)
Estimate List Price94
Date27-08-2025
Price75.00
GMP19(25.33%)
Estimate List Price94
Date26-08-2025
Price75.00
GMP19(25.33%)
Estimate List Price94
Date25-08-2025
Price75.00
GMP17(22.67%)
Estimate List Price92
Date24-08-2025
Price75.00
GMP15(20.00%)
Estimate List Price90
Date23-08-2025
Price75.00
GMP15(20.00%)
Estimate List Price90
Date22-08-2025
Price75.00
GMP15(20.00%)
Estimate List Price90
Date21-08-2025
Price75.00
GMP0(0.00%)
Estimate List Price75
Date20-08-2025
Price75.00
GMP0(0.00%)
Estimate List Price75
Date19-08-2025
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open Date | Tue, Aug 26, 2025 |
| IPO Close Date | Fri, Aug 29, 2025 |
| Tentative Allotment | Mon, Sep 1, 2025 |
| Initiation of Refunds | Tue, Sep 2, 2025 |
| Credit of Shares to Demat | Tue, Sep 2, 2025 |
| Tentative Listing Date | Wed, Sep 3, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 29, 2025 |
IPO Open Date
Tue, Aug 26, 2025
IPO Close Date
Fri, Aug 29, 2025
Tentative Allotment
Mon, Sep 1, 2025
Initiation of Refunds
Tue, Sep 2, 2025
Credit of Shares to Demat
Tue, Sep 2, 2025
Tentative Listing Date
Wed, Sep 3, 2025
Cut-off time for UPI mandate confirmation
5 PM on August 29, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,40,000 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,40,000 |
| S-HNI (Min) | 3 | 4,800 | ₹3,60,000 |
| S-HNI (Max) | 8 | 12,800 | ₹9,60,000 |
| B-HNI (Min) | 9 | 14,400 | ₹10,80,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares3,200
Amount₹2,40,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares3,200
Amount₹2,40,000
ApplicationS-HNI (Min)
Lots3
Shares4,800
Amount₹3,60,000
ApplicationS-HNI (Max)
Lots8
Shares12,800
Amount₹9,60,000
ApplicationB-HNI (Min)
Lots9
Shares14,400
Amount₹10,80,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 114.82 | 87.48 | 83.38 |
| Total Income | 94.85 | 77.44 | 83.93 |
| Profit After Tax | 9.14 | 4.56 | 1.04 |
| EBITDA | 18.56 | 11.72 | 7.28 |
| Net Worth | 43.42 | 24.03 | 19.47 |
| Reserves and Surplus | 30.67 | 23.03 | 18.47 |
| Total Borrowing | 36.17 | 32.20 | 32.24 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025114.82
31 Mar 202487.48
31 Mar 202383.38
Period EndedTotal Income
31 Mar 202594.85
31 Mar 202477.44
31 Mar 202383.93
Period EndedProfit After Tax
31 Mar 20259.14
31 Mar 20244.56
31 Mar 20231.04
Period EndedEBITDA
31 Mar 202518.56
31 Mar 202411.72
31 Mar 20237.28
Period EndedNet Worth
31 Mar 202543.42
31 Mar 202424.03
31 Mar 202319.47
Period EndedReserves and Surplus
31 Mar 202530.67
31 Mar 202423.03
31 Mar 202318.47
Period EndedTotal Borrowing
31 Mar 202536.17
31 Mar 202432.20
31 Mar 202332.24
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Sattva Engineering & Construction | 7.64 | 7.64 | 34.05 | 27.10 | ||
| EMS limited | 33.05 | 33.05 | 175.70 | 18.23 | 20.66 | 3.44 |
| Enviro Infra Engineers Limited | 11.76 | 11.76 | 56.66 | 21.50 | 27.58 | 4.50 |
| Va Tech Wabag Limited | 47.48 | 47.48 | 284.80 | 33.40 | 14.86 | 5.58 |
Company NameSattva Engineering & Construction
EPS (Basic)7.64
EPS (Diluted)7.64
NAV (per share) (Rs)34.05
P/E (x)
RoNW (%)27.10
P/BV Ratio
Company NameEMS limited
EPS (Basic)33.05
EPS (Diluted)33.05
NAV (per share) (Rs)175.70
P/E (x)18.23
RoNW (%)20.66
P/BV Ratio3.44
Company NameEnviro Infra Engineers Limited
EPS (Basic)11.76
EPS (Diluted)11.76
NAV (per share) (Rs)56.66
P/E (x)21.50
RoNW (%)27.58
P/BV Ratio4.50
Company NameVa Tech Wabag Limited
EPS (Basic)47.48
EPS (Diluted)47.48
NAV (per share) (Rs)284.80
P/E (x)33.40
RoNW (%)14.86
P/BV Ratio5.58
IPO Reservation
| Market Maker Shares Offered | 2,40,000 (5.09%) |
| QIB Shares Offered | 22,17,600 (47.01%) |
| − Anchor Investor Shares Offered | 13,29,600 (28.19%) |
| − QIB (Ex. Anchor) Shares Offered | 8,88,000 (18.83%) |
| NII (HNI) Shares Offered | 6,91,200 (14.65%) |
| − bNII > ₹10L | 4,60,800 (9.77%) |
| − sNII < ₹10L | 2,30,400 (4.88%) |
| Retail Shares Offered | 15,68,000 (33.24%) |
| Total Shares Offered | 47,16,800 (100.00%) |
Market Maker Shares Offered
2,40,000 (5.09%)
QIB Shares Offered
22,17,600 (47.01%)
− Anchor Investor Shares Offered
13,29,600 (28.19%)
− QIB (Ex. Anchor) Shares Offered
8,88,000 (18.83%)
NII (HNI) Shares Offered
6,91,200 (14.65%)
− bNII > ₹10L
4,60,800 (9.77%)
− sNII < ₹10L
2,30,400 (4.88%)
Retail Shares Offered
15,68,000 (33.24%)
Total Shares Offered
47,16,800 (100.00%)
Information about company
Incorporated in December 2005, Sattva Engineering Construction Limited is a Chennai-based Engineering, Procurement, and Construction (EPC) company specializing in water infrastructure, wastewater management, and industrial construction projects.
With over 40 years of experience, SECL is a leading Class I contractor collaborating with government bodies like the Tamil Nadu Public Works Department and Chennai Metropolitan Water Supply and Sewerage Board.
SECL offers comprehensive EPC solutions across several sectors:
Water and Wastewater Projects: Design and construction of water distribution networks, pumping mains, overhead and underground tanks, water and sewage treatment plants, and pumping stations.
Industrial and Civil Infrastructure: Development of factory buildings, warehouses, container freight stations, and commercial buildings.
Residential Development: Design and promotion of multi-storeyed residential apartments, deluxe apartments, residential flats, and independent bungalows, enhancing urban infrastructure across the region.
Notable clients include CMWSSB, TWAD, PWD, Greater Chennai Corporation, Southern Railway, and BHEL
Competitive Strength:
Strong execution capabilities supported by in-house designing, engineering and execution team
Use of advanced technologies in the construction and installation of STP and WTP
Projects funded by major international financial organisations such as the Asian Development Bank and the World Bank.
Experienced promoters and a senior management team.
Strong and diverse Order Book.
Objectives of IPO
The Company Sattva Engineering Construction IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (in Millions)
1
To meet long-term working capital requirements
275
2
General Corporate Purposes
Disclaimer
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