Saatvik Green Energy, an Indian solar PV module manufacturer, will use IPO funds to build a 4 GW factory in Odisha. The company’s INR 900 crore IPO will open on September 19, 2025, and close on September 23, 2025. It will include a fresh issue of INR 700 crore and an offer for sale of INR 200 crore. Shares will be priced at INR 442–465, with a lot size of 32. The allotment is due on September 24, 2025, and listing on NSE and BSE is expected on September 26, 2025. Kfin Technologies is the registrar. DAM Capital Advisors, Ambit Private Limited, and Motilal Oswal Investment Advisors are the lead managers. Additional proceeds will be used for subsidiary investment and debt repayment. Risks include regulatory changes, competition, customer concentration, and supplier dependence.