Sai Urja Indo Ventures IPO
Sai Urja Indo Ventures Limited is one of the leading companies in terms of offering Operation and Maintenance (O&M) and other support services in industrial plants, primarily in the power generation industry and other industries like iron & steel and agrochemicals.
IPO GMP
₹0
+0% expected gain
Price Band
₹113
Lot Size
2400 shares
Min Investment
₹2,71,200
Listing Date
October 5, 2026
About Sai Urja Indo Ventures
Company overview, business, and key facts.
Sai Urja Indo Ventures Limited is one of the leading companies in terms of offering Operation and Maintenance (O&M) and other support services in industrial plants, primarily in the power generation industry and other industries like iron & steel and agrochemicals.
Further, they provide 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. Moreover, as of mid-June 2026, the company holds 17 active projects with ₹7,165.10 lakh in pending execution, along with another four upcoming projects valued at ₹2,536.74 lakh that have yet to begin.
Headquarters
Chandrapur, Maharashtra
Promoters
Harsh Ajaykumar Mittal, Santosh Ajay Kumar Mittal
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Review:
Risks
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Sai Urja Indo Ventures IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹86.3 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
20.6x
Peer median 11.3x (premium of 82.3%)
Price to sales
1.01x
Revenue growth, 2026
+30.1%
36.6% a year over the period
Profit growth, 2026
+33.9%
73.6% a year over the period
Profit margin (PAT)
4.9%
EBITDA margin 7.65%
ROE / ROCE
42.44% / 50.66%
As published in the offer document
Debt to equity
0.59
Promoter holding
92.87% → 65.67%
Before → after the IPO
Issue mix
82.8% fresh / 17.2% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹0
2400 shares on ₹2,71,200. GMP is unofficial.
What stands out
- Profit grew 33.9% in 2026.
Watch-outs
- Thin profit margin: PAT margin was 4.9% in 2026.
- Priced at a 82.3% premium to the peer median P/E of 11.3.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Sai Urja Indo Ventures's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Sai Urja Indo Ventures IPO Review
Analysis based on live GMP, subscription, and issue details.
Sai Urja Indo Ventures IPO is currently showing a neutral GMP of ₹0, suggesting the market is cautious about listing gains.
The IPO has been subscribed 4.38x overall — QIB: 2.8x, NII: 6.19x, Retail: 3.94x.
Sai Urja Indo Ventures IPO subscription has closed. The shares are expected to list on October 5, 2026.
The minimum investment required is ₹2,71,200 for 2400 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Review:.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Sai Urja Indo Ventures IPO — Frequently Asked Questions
What is Sai Urja Indo Ventures IPO GMP today?
Sai Urja Indo Ventures IPO GMP (grey market premium) today is ₹0, suggesting an estimated listing gain of +0%. GMP is indicative and subject to change.
What is the price band of Sai Urja Indo Ventures IPO?
The price band for Sai Urja Indo Ventures IPO is ₹113 with a lot size of 2400 shares. The minimum investment required is ₹2,71,200.
When is Sai Urja Indo Ventures IPO allotment date?
Sai Urja Indo Ventures IPO allotment is expected to be finalised on September 30, 2026. You can check your allotment status on the registrar's website (Maashitla Securities Pvt. Ltd.) using your PAN number.
When will Sai Urja Indo Ventures IPO list on NSE/BSE?
Sai Urja Indo Ventures IPO is expected to list on BSE SME on October 5, 2026.
How to check Sai Urja Indo Ventures IPO allotment status?
To check Sai Urja Indo Ventures IPO allotment status, visit the registrar's website (Maashitla Securities Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Sai Urja Indo Ventures IPO?
Sai Urja Indo Ventures IPO has a GMP of ₹0. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Sai Urja Indo Ventures IPO?
The lot size for Sai Urja Indo Ventures IPO is 2400 shares per lot. The minimum investment for retail investors is ₹2,71,200. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.