Sai Urja Indo Ventures IPO 2026: Price Band, Dates, GMP, Lot Size & Allotment

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Sai Urja Indo Ventures Limited IPO
SU
Sai Urja Indo Ventures Limited IPO
Industrial Operation & Maintenance (O&M) · Power Plants · Mechanical & Electrical Services · Chandrapur
📋 BSE SME IPO Fresh + OFS BSE SME
₹113
Upper Price
₹24.95 Cr
Issue Size
Sep 30, 2026
Listing Date
₹65.65 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Wednesday, 23 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 25 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Monday, 28 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Tuesday, 29 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Wednesday, 30 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date23 September 2026 (Wed)
IPO Close Date25 September 2026 (Fri)
Listing Date30 September 2026 (Wed)
Face Value₹10 per share
Price Band₹107 to ₹113
Issue Price (Upper Band)₹113 per share
Issue TypeBook Build — Fresh + OFS
Lot Size1,200 shares (Min Application: 2 Lots / 2,400 Shares)
Total Issue Size22,08,000 shares (₹24.95 Cr)
Fresh Issue18,28,800 shares (₹20.67 Cr)
Offer for Sale (OFS)3,79,200 shares (₹4.28 Cr)
Market Maker Portion2,16,000 shares (₹2.44 Cr)
Pre-Issue Shares58,10,000
Post-Issue Shares76,38,800
Promoter Holding (Pre)92.87%
Market Cap (Pre-IPO)₹65.65 Cr
Listing ExchangeBSE SME
Lead ManagerShannon Advisors Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹113
Investor TypeLotsSharesAmount
Individual (Retail) — Min22,400₹2,71,200
Individual (Retail) — Max22,400₹2,71,200
S-HNI (sNII) — Min33,600₹4,06,800
S-HNI (sNII) — Max78,400₹9,49,200
B-HNI (bNII) — Min89,600₹10,84,800
⚠️ Note: Investors can bid for a minimum of 2,400 shares (2 lots) and in multiples of 1,200 shares thereafter. Market Maker reservation comprises 2,16,000 shares allotted to Prabhat Financial Services Ltd.
👥 Investor Reservation
Allocated portion of Net Offer
49.16% (9.79 L Sh)
QIB Portion
35.66% (7.10 L Sh)
Retail Portion
15.18% (3.02 L Sh)
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets24.2521.1113.95
Total Income85.6465.8245.88
PAT4.193.131.39
EBITDA6.515.142.93
Net Worth12.207.764.72
Reserves & Surplus6.391.954.71
Total Borrowing7.185.352.15
Income Growth
FY 2023–24₹45.88 Cr
FY 2024–25₹65.82 Cr
FY 2025–26₹85.64 Cr
🎯 Key Performance Indicators
42.44%
ROE
FY 2025–26
0.59
Debt/Equity
FY 2025–26
50.66%
ROCE
FY 2025–26
4.98%
PAT Margin
FY 2025–26
7.65%
EBITDA Margin
FY 2025–26
42.44%
RoNW
FY 2025–26
8.46x
Price/Book
FY 2025–26
20.99
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹5.39
FY26 earnings + pre-issue shares
P/E: 20.96x
Post-IPO EPS
₹4.10
FY26 earnings + post-issue shares
P/E: 27.56x
Price to Book Value
8.46x
At upper price band ₹113
Market Cap (Pre-IPO)
₹65.65 Cr
At issue price ₹113
ℹ️ Pre-IPO EPS (₹5.39) based on pre-issue shares (58,10,000) and FY26 restated PAT (₹4.19 Cr). Post-IPO EPS (₹4.10) accounts for the dilution resulting from the issuance of 18,28,800 fresh equity shares extending the total post-issue equity to 76,38,800 shares. Post-IPO Market Cap expands to ₹86.32 Cr at the upper issue price of ₹113.
🎯 Objects of the Issue
Net proceeds utilisation
1
Funding the working capital requirements of the Company
₹8.00 Cr
2
Repayment/prepayment, in full or part, of certain loans availed by the Company
₹6.60 Cr
3
General Corporate Purposes
Balance
Total Fresh Issue Goal ₹20.67 Cr
🏢 About Sai Urja Indo Ventures Ltd.
Est. 2012 · Chandrapur, Maharashtra · Industrial Operation & Maintenance (O&M)

Sai Urja Indo Ventures Limited, incorporated in 2012, is an industrial services company offering comprehensive Operation and Maintenance (O&M) alongside critical technical support services for major industrial plants. The business operates primarily across the power generation industry and extends specialized solutions into iron & steel and agrochemical production units.

The company’s multidisciplinary service portfolio encompasses managing complex electrical, mechanical, and control & instrumentation (C&I) systems, operating heavy Coal Handling Plants (CHP), Merry-Go-Round (MGR) internal railway systems, and Boiler-Turbine-Generator (BTG) units. Operations are executed through diverse contracting structures including Annual Maintenance Contracts (AMC), performance-based reliability contracts, manpower supply, and short-term BOQ assignments. As of June 15, 2026, the company held 17 ongoing projects with pending execution worth ₹71.65 Cr and 4 projects worth ₹25.37 Cr awaiting commencement. Operating out of Chandrapur, Maharashtra, Sai Urja Indo Ventures relies on a sizable workforce of 1,969 employees supporting operations nationwide.

Brand Ecosystem
⚙️
Maintenance Services
Preventive, predictive, and breakdown maintenance across electrical, C&I, and heavy mechanical jobs.
🔧
Plant Operation Services
Managing Coal Handling Plants (CHP), Merry-Go-Round systems, and Boiler-Turbine-Generators.
🏭
Overhaul & Outages
Executing planned Annual Overhauls (AOH), Capital Overhauls (COH), and heavy industrial housekeeping.
📋
Flexible Contract Models
Structured long-term AMCs, output-linked reliability models, and dedicated technical manpower supply.
Competitive Strengths
🏆Diversified and specialized O&M solutions customized across power generation, steel, and chemical plants.
📊Substantial and growing order book featuring over ₹97 Cr in ongoing and uncommenced contracts.
🤝High client retention and proven delivery leading to recurring orders with expanding contract ticket sizes.
📈Solid operational metrics demonstrated by a 42.44% ROE and a 50.66% ROCE during FY26.
Company Promoters
HM
Harsh Ajaykumar Mittal & Santosh Ajay Kumar Mittal
Promoters, Sai Urja Indo Ventures Ltd.
Key Selling Shareholders (OFS)
Santosh Ajay Kumar Mittal1,89,600 Shares (₹2.14 Cr)
Harsh Ajaykumar Mittal1,89,600 Shares (₹2.14 Cr)
📅 Key Dates
IPO Opens23 Sep 2026
IPO Closes25 Sep 2026
Allotment28 Sep 2026
Refund & Share Credit29 Sep 2026
Listing Day30 Sep 2026
💡 Quick Summary
Price Band₹107 – ₹113
Upper Price₹113 / share
Lot Size1,200 shares
Min. Investment (Retail)₹2,71,200 (2 Lots)
Issue Size₹24.95 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Registrar
Maashitla Securities Pvt.Ltd.
📞 011-45121795
[email protected]
Lead Manager
Shannon Advisors Pvt.Ltd.
📍 Registered Address
Sai Urja Indo Ventures Ltd.
UG-2 Office Floor, J. K. Complex,
Nanaji Nagar Nagpur Road, Chandrapur,
Maharashtra — 442401
📞 +91 9960815166
[email protected]
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations and higher lot size restrictions. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Sai Urja Indo IPO RHP for informational purposes only. This overview is structured according to the IPO NEW FORMAT guidelines. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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