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Sai Urja Indo Ventures IPOLISTED
Sai Urja Indo Ventures Limited provides O&M and support services for industrial plants, primarily in the power generation sector, covering electrical, C&I, mechanical maintenance and plant operations.
Listing price
₹133.8
Listing gain
+18.41%
Current
₹133.8
Listed
05 Oct 26
Opens
25 Sept 26Closes
29 Sept 26Allotment
30 Sept 26Refund
01 Oct 26Demat
01 Oct 26Listing
05 Oct 26Listed at
₹133.8
+18.41% on 05 Oct 26
Overview
Price band
₹107-113
Lot size
1200 shares
Min. investment
₹2,71,200
Issue size
₹24.95 Cr
22.08 L shares
Fresh issue
₹20.67 Cr
18.29 L shares
Offer for sale
₹4.28 Cr
3.79 L shares
Face value
₹10 / share
Issue type
Book Built Issue
Listing at
BSE
Reservation
| Category | Shares offered | % of issue |
|---|---|---|
| Market Maker | 2,16,000 | 9.78% |
| Anchor Investor | 5,86,800 | 26.58% |
| QIB | 3,92,400 | 17.77% |
| NII (HNI) | 3,02,400 | 13.7% |
| B-HNI | 2,01,600 | 9.13% |
| S-HNI | 1,00,800 | 4.57% |
| Individual | 7,10,400 | 32.17% |
| Total | 22,08,000 | 100% |
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,71,200 |
| Retail (Max) | 2 | 2,400 | ₹2,71,200 |
| S-HNI (Min) | 3 | 3,600 | ₹4,06,800 |
| S-HNI (Max) | 7 | 8,400 | ₹9,49,200 |
| B-HNI (Min) | 8 | 9,600 | ₹10,84,800 |
Listing performance
NSE/BSE: SAIURJAINDOVENTURESListing gain
+18.41%
Gain per retail lot
₹49,920
Latest vs issue
—
GMP was
₹28 (+24.78%)
Issue price
GMP estimate
Listing price
Latest price appears here during market hours.
Sai Urja Indo Ventures Live GMP
Not enough GMP history yet to draw a trend.
Subscription
11 Oct, 12:56 pmOversubscribed 5.11 times
Total applications
0
Total bid amount
₹81.12 Cr
Category breakdown
| Category | Shares offered | Shares bid | Times | Bid amount |
|---|---|---|---|---|
| QIB | — | — | 2.80x | ₹12.42 Cr |
| NII (HNI) | — | — | 10.62x | ₹36.29 Cr |
| B-HNI | — | — | 11.01x | ₹25.07 Cr |
| S-HNI | — | — | 9.85x | ₹11.21 Cr |
| Retail | — | — | 4.04x | ₹32.41 Cr |
| Total | — | — | 5.11x | ₹81.12 Cr |
Financials
(₹ in crores)
Key performance indicators
As of 31 Mar 2026ROE
42.44%
PAT Margin
4.98%
ROCE
50.66%
EBITDA Margin
7.65%
Debt to Equity Ratio
0.59
Price to Book Value
8.46
RoNW
42.44%
Valuation vs listed peers
EPS Pre IPO
₹5.39
EPS Post IPO
₹4.1
P/E Pre IPO
20.96
P/E Post IPO
27.56
Buzz AI analysis
From this IPO's filings and market data · educational, not investment advice
Revenue growth FY24 → FY26
+86.7%
Profit growth FY24 → FY26
+201.4%
ROCE
50.66%
- PAT margin 5.0% and ROCE 50.7%.
- Price-to-book of 8.5× leaves little room for an earnings miss.
Strengths & risks
- Strong Revenue Growth with 36.59% CAGR in FY2024–FY2026.
- Diversified Services across electrical, C&I, mechanical, CHP, MGR and BTG.
- Established Client Base including Adani, GMR and MAHAGENCO.
- Strong Order Pipeline with ₹7,165.10 lakh pending execution.
- Wide Presence across 21 locations in 9 states.
Buzz score · Neutral
From GMP, subscription and issue size
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding the working capital requirements of the Company. | 8 |
| Repayment/prepayment, in full or part, of certain loans availed by the Company. | 6.6 |
| General Corporate Purposes. | - |
Company & documents
Sai Urja Indo Ventures Limited is an ISO-certified company providing O&M and support services to industrial plants, mainly in the power generation sector, as well as iron & steel and agrochemical industries. Its services include electrical, C&I and mechanical maintenance, along with CHP, MGR and BTG operations.
Services:
- Maintenance: Electrical, C&I and mechanical maintenance.
- Operations: CHP, MGR and BTG operations.
- Other: Industrial housekeeping, AOH/COH overhaul works and manpower supply.
The company delivers its services through Annual Maintenance Contracts, Performance-Based Contracts, Manpower Supply Contracts and Short-Term Bill of Quantity Contracts. Over the last three years, it has served 21 locations across 9 states and executed more than 45 projects.
As of June 15, 2026, the company had 17 ongoing projects with ₹7,165.10 lakh of pending execution and 4 projects worth ₹2,536.74 lakh yet to commence. Key clients include Adani Infrastructure Management Services, GMR Warora Energy and MAHAGENCO.
As of June 30, 2026, the company had 1,969 employees supporting its operations across different projects and loc
Registrar
Company contact
Sai Urja Indo Ventures Limited
UG-2 Office Floor, J. K. Complex, Nanaji Nagar Nagpur Road, Chandrapur, Maharashtra, 442401
Phone: +919960815166
Email: headoffice@suiv.co.in
Web: https://suiv.co.in/
Book running lead managers
- Shannon Advisors Pvt. Ltd.
Promoters
- Harsh Ajaykumar Mittal
- Santosh Ajay Kumar Mittal