The primary market is set to witness three new mainboard initial public offerings (IPOs) next week, with companies together eyeing a fundraise of nearly ₹1,480.37 crore. The issues belong to diverse sectors—renewable energy, agricultural solar solutions, and construction equipment exports.
Saatvik Green Energy IPO
Ambala-headquartered Saatvik Green Energy has unveiled its ₹900 crore IPO, priced in the band of ₹442–₹465 per equity share with a face value of ₹2. The issue will remain open for subscription from September 19 to September 23, 2025. It comprises a fresh issue of ₹700 crore along with an offer for sale (OFS) worth ₹200 crore.
The company plans to allocate ₹108.19 crore towards debt repayment and ₹166.43 crore for investment in its subsidiary, Saatvik Solar Industries. Additionally, a part of the funds will be used to establish a 4 GW solar PV module facility in Gopalpur, Odisha, with the balance earmarked for general corporate purposes.
GK Energy IPO
Pune-based GK Energy, which specializes in installing solar-powered water pump systems for agricultural use, is launching a ₹464.26 crore IPO. The price band has been fixed at ₹145–₹153 per equity share of face value ₹2. Subscription will be open between September 19 and September 23, 2025.
The offer includes a fresh issue worth ₹400 crore and an OFS of ₹64.26 crore. Proceeds are slated to meet long-term working capital needs, including vendor and supplier payments for solar panels and motors.
Jinkushal Industries IPO
Raipur-headquartered Jinkushal Industries, engaged in exporting new, refurbished, and customized construction machinery to overseas markets, is set to roll out a ₹116.11 crore IPO. The issue, priced at ₹115–₹121 per share with a face value of ₹10, will open on September 25 and close on September 29, 2025.
The company intends to use net proceeds of around ₹104.49 crore to strengthen its long-term working capital position.
Sectoral Boost
Market watchers say the upcoming IPOs reflect investor appetite for sectors linked to clean energy, sustainable agriculture, and infrastructure development. With subscription windows opening next week, the offerings are expected to generate considerable interest among retail and institutional investors alike.
