Sai Urja Indo Ventures IPO Details
IPO Overview
| Price Band | ₹107–₹113 |
|---|---|
| Lot Size | 1200 shares |
| Min Investment | Min ₹135600 |
| Total Subscription | 0 times |
| Status | Upcoming |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | 271200 |
| Individual investors (IND) (Max) | 2 | 2400 | 271200 |
| S-HNI (Min) | 3 | 3600 | 406800 |
| S-HNI (Max) | 7 | 8400 | 949200 |
| B-HNI (Min) | 8 | 9600 | 1084800 |
IPO Tentative Timetable
| IPO Open Date | Sep 25, 2026 |
|---|---|
| IPO Close Date | Sep 29, 2026 |
| Allotment Date | Sep 30, 2026 |
| Refund Initiation | Oct 01, 2026 |
| Listing Date | Oct 05, 2026 |
IPO Detail
| Face Value | ₹10 per share |
|---|---|
| Price Band | ₹107 to ₹113 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 22,08,000 shares (agg. up to ₹25 Cr) |
| Reserved for Market Maker | 2,16,000 shares (agg. up to ₹2 Cr)Prabhat Financial Services Ltd. |
| Fresh Issue (Ex Market Maker) | 16,12,800 shares (agg. up to ₹18 Cr) |
| Offer for Sale | 3,79,200 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 19,92,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 58,10,000 shares |
| Share Holding Post Issue | 76,38,800 shares |
Key Performance Indicators (KPI)
| K P I | Mar 31, 2026 |
|---|---|
| ROE | 42.44% |
| ROCE | 50.66% |
| Debt/Equity | 0.59 |
| RoNW | 42.44% |
| PAT Margin | 4.98% |
| EBITDA Margin | 7.65% |
| NAV | 20.99 |
| Price to Book Value | 8.46 |
Issue Reservation
| Investor Category | Shares | % Of Net Issue | % Of Total Issue |
|---|---|---|---|
| QIB | 9,79,200 | 49.16% | 44.35% |
| − Anchor Investor | 5,86,800 | 26.58% | |
| − QIB (Ex. Anchor) | 3,92,400 | 17.77% | |
| NII (HNI) | 3,02,400 | 15.18% | 13.70% |
| − bNII > ₹10L | 2,01,600 | 9.13% | |
| − sNII < ₹10L | 1,00,800 | 4.57% | |
| Retail | 7,10,400 | 35.66% | 32.17% |
| Market Maker | 2,16,000 | 9.78% | |
| Total | 22,08,000 | 100.00% | 100.00% |
Company Financials (In Crore)
| Period Ended | Assets | Total Income | Profit After Tax | E B I T D A | N E T Worth | Reserves And Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | 24.25 | 85.64 | 4.19 | 6.51 | 12.20 | 6.39 | 7.18 |
| 31 Mar 2025 | 21.11 | 65.82 | 3.13 | 5.14 | 7.76 | 1.95 | 5.35 |
| 31 Mar 2024 | 13.95 | 45.88 | 1.39 | 2.93 | 4.72 | 4.71 | 2.15 |
Objects of the Issue
| S. No. | Objects Of The Issue | Expected Amount (in Crores) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 8.00 |
| 2 | Repayment/prepayment, in full or part, of certain loans availed by the Company | 6.60 |
| 3 | General Corporate Purposes | |
| Total | 14.60 |
About Company
Incorporated in 2012, Sai Urja Indo Ventures Limited is offers Operation and Maintenance (O&M) and other support services in industrial plants, primarily in power generation industry and other industries like iron & steel and agrochemicals. The company work includes managing electrical, mechanical, and instrumentation systems, operating coal handling and merry-go-round systems in power plants, as well as ensuring plant cleanliness and safety through industrial housekeeping, equipment overhauls, and manpower supply.
Services:
- Maintenance Services: Electrical systems, Control & Instrumentation (C&I), Mechanical Jobs
- Operation Services: Coal Handling Plants (CHP), Merry-Go-Round (MGR), Boiler-Turbine-Generator (BTG),
- Other Services: Industrial Housekeeping, Overhaul Works, Annual Overhaul (AOH) and Capital Overhaul (COH).
The services are delivered through four types of contracts based on the tenders which include: Annual Maintenance Contracts (for one to three years), Performance-Based Contracts (linked to plant output or reliability), Manpower Supply Contracts and Short-Term Bill of Quantity Contracts (for temporary needs).
As on June 15, 2026, they have 17 on-going projects for which Rs. 7,165.10 Lakhs worth project execution is pending and 4 projects worth Rs. 2,536.74 Lakhs whose execution is yet to commence.
They offer a wide range of operation & maintenance services, including breakdown, predictive and preventive maintenance, condition monitoring, all field instruments calibration and testing, and other related activities for power plants and other industries.
As on June 30, 2026, they have 1969 employees, who look after day-to-day business operations, HR & accounting functions.
Competitve Strengths:
- Diversified O&M service solutions for power and other industries
- Increase in repeat orders from existing clients with larger project values
- Large orderbook facilitating sustainable growth in financial performance
- Leadership with a track record, powered by a sizable team
Promoters
- Harsh Ajaykumar Mittal and Santosh Ajay Kumar Mittal.
Documents
Sai Urja Indo Ventures IPO Details — Frequently Asked Questions
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